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“As ocean carriers’ financial results are not expected to improve significantly before 2016, leasing will continue to grow, thereby creating opportunities for new financiers to enter the market,” the London-based […]
Horizon Lines said it had a loss from continuing operations of about $853,000 in the second quarter ending June 23 compared to a loss of $31.1 in the same […]
International Shipholding Group said it had profit of $1.9 million in the second quarter compared to $704,000 in the same 2012 period. (The company noted its results were […]
A dispute settlement panel agreed with the United States, finding that China violated numerous WTO obligations in conducting its investigations and imposing antidumping and countervailing duties on U.S. chicken imports.
The U.S. Trade and Development Agency and George Washington University signed a memorandum of understanding establishing a partnership to develop the Global Procurement Initiative: Understanding Best Value. The […]
Senate confirmation was reached Friday on three key U.S. Commerce Department posts. Ellen Herbst was confirmed as Commerce assistant secretary for administration and chief financial officer. She has […]
Two Democratic Capitol Hill lawmakers from New York, Sen. Kirsten Gillibrand and Rep. Jerrold Nadler, introduced legislation Thursday that they said will “update federal law to ensure that ports can […]
Rail activity in the United States rose during the last full week of July, with carloads growing 2.5 percent, year over year, to 295,532 units, according to the Association of […]
The U.S. Federal Motor Carrier Safety Administration on Thursday proposed eliminating a burdensome paperwork requirement for truck drivers related to vehicle maintenance that could save the trucking industry $1.7 billion per year. Truckers are required to conduct […]
NYK Line said that effective Sept. 2 it will implement a chassis provision charge (CPC) for motor carrier transport moving under NYK import or export merchant haulage bills of […]
French liner carrier CMA CGM said it has “signed for the acquisition” of three more 16,000-TEU ships. A spokeswoman said the ships will be delivered in the second […]
Alabama’s Gov. Robert Bentley named Angus R. Cooper III to the Alabama State Port Authority board’s at-large seat and chairman. In a concurrent gubernatorial action, Bentley also appointed […]
Roanoke Trade Services is advising freight forwarders and property brokers that they need to “re-comply” with new permitting and bonding mandate put forth in the 2012 highway reauthorization bill, known […]
GSP is designed to promote economic growth in the developing world by providing preferential, duty-free entry for up to 5,000 products when imported from one of 127 designated beneficiary countries […]
The European Union will continue to provide U.S. beef producers with significant access, at zero duty, to the EU market for high-quality beef produced from non-hormone-treated cattle. The […]
A value-added tax (VAT) will be applied to transportation and logistics services throughout China, starting today, Aug. 1. “In 2012, China reformed its existing VAT system by integrating the […]
Several environmental groups have filed a lawsuit in federal court against the Coast Guard and Port Authority of New York and New Jersey, challenging a permit amendment authorizing the raising […]
The port received a $1.5 million grant from Washington state to help complete the second phase of its roll-on/roll-off cargo facility, a dock-strengthening project which will allow it to accommodate the […]
Metro Ports Canada Ltd., a Newfoundland and Labrador company that is owned by Nautilus International Holding Corp., has entered an agreement with Pinnacle Renewable Energy in British Columbia to […]
DSC Logistics has broken ground on a retail consolidation logistics center in Moreno Valley, Calif. Due for completion late this year, Kraft Foods Group will be the first […]
“We continue to work diligently with all marine terminals, rail service providers, partner lines, port authority, however, we do not expect normal service to be restored until approximately middle of […]
The three major Japanese shipping companies released profitable first quarters for the period ending June 30, compared to losses in the same period last year. All three ocean carriers have fiscal years […]
Premier Transportation, a Forest Park, Ga.-based trucking company, has installed a solar array system at its Grove City, Ohio location that will generate more than 70,000 kilowatt hours annually, […]
The vessel owner did not provide details on the number of ships, their size, shipyard or the prospective charterer other than to say it “expects to sign a long-term charters with one […]
Chinese solar panel suppliers on Saturday agreed to a voluntary price undertaking where they commit to stop dumping their products on the European market and keep prices above a certain […]
Itasca, Ill.-based freight forwarder AIT Worldwide Logistics has expanded its presence in the Midwest by adding a new office in Omaha, Neb. The Omaha office includes two dozen […]
The former Horizon Lines executive was offered the job in June, but some members of the port authority’s board had asked whether there might be any conflict of interest in hiring […]
U.S. steel imports declined 14 percent in June compared to May, according to preliminary government data recently analyzed by the American Institute for International Steel (AIIS). “The decline in […]
Gerard J. Coyle, vice president of environmental and sustainable operations for Evans Delivery Co., said at a House field hearing that “the New York City Metropolitan area has some of […]
The U.S. Food and Drug Administration has published its proposed regulations to implement its Foreign Supplier Verification Program (FSVP) and third-party auditor accreditation under the Food Safety Modernization Act […]
The U.S. International Trade Commission said the four-year-old Earned Import Allowance Program (EIAP) is not providing enough incentives to help boost the competitiveness of Dominican apparel exports in the […]
Drewry said “ocean carriers should not count too much on a significant revenue boost” in the third quarter this year, adding the “peak season of the east-west trades no longer means […]
Hapag-Lloyd said it is implementing a “low water surcharge,” effective Aug. 5, for cargo moving between Montreal and North Europe, the Mediterranean and Africa as well as East Asia, […]
Non-vessel-operating common carrier Shipco Transport will open a new sales and operations office in Taipei. “With the opening of Shipco Transport in Taiwan, we are closing one of […]
The American Maritime Partnership (AMP) said it opposes legislation introduced by Puerto Rico Resident Commissioner Pedro Pierluisi to relax the U.S.-build requirement of the Jones Act for bulk vessels operating […]
Puerto Rico’s representative to the U.S. House of Representatives said he has introduced legislation that would exempt vessels carrying fuel, agricultural products and other bulk cargo from provisions of […]
Effective August 1, the per container charge with a destination within 260 miles of the Port of New York and New Jersey will be reduced to $94 from $100 […]
U.S. carloads fell by 3 percent, year over year, to 277,933 units, and intermodal volume rose by 2.8 percent to 253,424 units for the week ending July 20, according […]
In a speech at the Port of Jacksonville Thursday, President Barack Obama said Congress needs to move faster modernizing the nation’s ports to support new trade trends that will […]
“We currently expect our market environment to hold fairly steady as we head into the second half of the year,” Brian M. Sondey, TAL’s president and chief executive officer, […]
China International Marine Containers said that it has entered into a $425 million shipbuilding contract with the Chinese shipyard, New Times Shipbuilding, for the construction of five 8,800-TEU containerships. […]
Loaded container volumes in the first six months were 757,632 TEU, up 7.2 percent; empty container volumes totaled 220,934 TEU, up 6.4 percent. The port handled 166,093 TEU of […]
Hapag-Lloyd said the G6 Alliance’s New York Express, or NYE, service is relocating to the New York Container Terminal on Staten Island from Maher Terminal effective with the arrival […]
Global Container Terminals said its New York Container Terminal (NYCT) on Staten Island in New York has entered into an extension of its lease agreement with the Port Authority […]
Costamare, the Athens-based ship containership charterer, said Wednesday that it had net income of $30.6 million in the second quarter of compared to $21.1 million in the same 2012 […]
U.S. Customs and Border Protection (CBP) and the Federal Maritime Commission said they have signed an agreement to share data from CBP’s Automated Commercial Environment-International Trade Data System (ACE-ITDS) […]
The U.S. Maritime Administration is awarding $9.46 million to 12 shipyards, but it received about 10 times as many requests for money as it could provide–113 grant applications requesting […]
The service was taken offline Friday for about 16 and a half hours because of a problem with a piece of computer equipment located in New Jersey that required […]
TRAC Intermodal has introduced a premium 40-foot gooseneck marine chassis. The container leasing company said its “TRAC TITAN” chassis are available for daily use to motor carriers in […]
PSA International said the Zeebrugge International Port (ZIP) Container Terminal in Belgium opened last week with the berthing of the Ever Laden, a deepsea container vessel operated by Evergreen. […]
Alabama Steel Terminals will develop a new $36 million steel coil handling facility at the Alabama State Port Authority’s main docks complex in Mobile. AST will construct the 372,600-square-foot warehouse […]
The award of $11.7 million in damages to the owner and operator of a dredge that was struck by an orange juice tanker was upheld by the U.S. Court […]
In 2004, the tanker Athos I carried a cargo of crude oil from Venezuela to Paulsboro, N.J., and while approaching a terminal on the Delaware River, the ship’s hull […]
With competing needs for capital, liner carriers are using more leased containers. By Chris Dupin To buy or lease? It’s a question faced not only by new car shoppers, […]
Rickmers CEO says ocean shipping must tap new financial sources. By Chris Dupin For decades, limited partnerships, or “kommanditgesellschaft” (KG) in Germany, and loans from European banks have been important […]
Senior shipping executives and labor leaders gathered last month to celebrate the retirement of Jim Capo and Brian Dugan, respectively the chief executive officer and vice president of the […]
Liner carriers spanning the east-west container trades may be desperately pressing for rate increases to make up for financial losses, but indications are that industry resolve is as strong […]
UPS said it had a profit of $1.07 billion in the second quarter, 4 percent less than the $1.12 billion earned in the same 2012 period. Revenue was $13.51 […]
Maersk Line said it will implement a general rate increase (GRI) for dry and reefer shipments from the Far East to the United States on September 1. Rates will […]
If the Suez Canal was suddenly closed, container vessel schedules between Asia and Europe could be immediately adjusted to minimize delays by simply increasing speeds to 22 knots in […]
Giovanetti, who has served as a member of American Shipper magazine’s editorial board, said he plans to stay active in ocean shipping, “but just not as intensely as I […]
The admiralty and maritime law firm Nourse & Bowles has merged with McLaughlin & Stern, a large, full-service firm with offices in New York City and Florida. The […]
Seized switchblades. A trade enforcement team from U.S. Customs and Border Protection seized a shipment of 2,400 switchblades and 1,200 butterfly combs from China last month in Baltimore for violating […]
“We believe that Tampa is right in the sweet spot for short-sea shipments out of Mexico. We also believe it will become a gateway port for export finished vehicles,” Steven […]
U.S. importers are hopeful that legislation introduced in the House this week to renew the Generalized System of Preferences (GSP) for two years will pass before the duty-free import […]
A former Customs and Border Protection officer, his girlfriend, a nephew and two of their associates were sentenced Thursday in federal court for participating in bribery and alien smuggling […]
The Philadelphia Regional Port Authority said it handled 2,519,967 metric tons of cargo in the first six months of this year, or a 13.62 percent increase over the same […]
The U.S. Federal Maritime Commission has received 27 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Gwinnett Shipping & Receiving, Norcross, […]
The U.S. Federal Maritime Commission has received 27 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from BeavEx, Nashville, Tenn. […]
The U.S. Federal Maritime Commission has received 27 ocean transportation intermediary license applications and changes for review.
FMC reviews 27 OTI license applications
The U.S. Federal Maritime Commission has received 27 ocean transportation intermediary license applications and changes for review.
Kansas City Southern ended the second quarter with revenues of $579 million, a 6 percent increase from the same period in 2012, propped up on a 3 percent uptick […]
DHL Global Forwarding said Friday it has started two new less-than-containerload (LCL) services from India to China. The services connect Nhava Sheva and Chennai, India’s two largest container […]
Union Pacific generated a net income of $1.1 billion during the second quarter — $100-million rise over 2012’s second-quarter results — which helped the railroad achieve its best ever quarter […]
Hansa Heavy Lift has purchased two additional F-class vessels from another shipping company, increasing its fleet size to 22 ships. The two vessels will sail under the names […]
Clariant has introduced a new desiccant technology for containers transporting grain shipments. Clariant’s Container Dri II protects bulk grain for the length of the shipment to its final […]
Hochberg The Senate has confirmed Fred P. Hochberg to a second term as chairman and president of the U.S. Export-Import Bank. “Over the past four years, Ex-Im Bank’s […]
The U.S. Transportation Department’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has updated the certification process for the transport of consumer fireworks, also known as 1.4G fireworks, making approvals […]
U.S. grain shipments from the U.S. and Canadian heartland through the St. Lawrence Seaway have made a “decisive comeback, posting a nearly 50 percent jump” in June from the […]
The Oakland Tribune said the deal would end maritime operations at Howard Terminal near Jack London Square, which is used by Matson, and where a new baseball stadum for the […]
J.B. Hunt achieved second-quarter net earnings of $87.7 million and a 10-percent, year-over-year revenue increase to $1.38 billion. Operating income also increased, finishing the quarter up 7 percent […]
CEVA Logistics will expand to a new location in Richmond, Va., later this summer. Located at the Richmond Airport distribution center, the new facility is a multi-use site […]
Non-vessel-operating common carrier Shipco Transport has started direct less-than containerload services from New York to Rio de Janeiro and Itajai (Navegantes), Brazil, with its WorldWide Alliance partner Allink Transportes […]
French liner carrier CMA CGM said it will upgrade its round-the-world “Panama Direct” service from fortnightly to a weekly frequency, starting with the departure of CMA CGM Manet from Tilbury […]
The United States on Friday said it has fully implemented the recommendations and rulings of the World Trade Organization in a dispute brought by Mexico on the U.S. dolphin-safe […]
CenterPoint Properties has purchased a seven-acre logistics facility and container yard in Commerce, Calif., from an undisclosed seller. The purchase price was not released. The property is […]
The ship classification society Nippon Kaiji Kyokai (ClassNK) said it will expedite its investigation of the break-up of the containership MOL Comfort, but said the inquiry will be complicated […]
The outlook for trade from China is weak, but surprisingly some shippers have reported difficulty obtaining space on eastbound transpacific container services out of North China ports. Earlier […]
Last year, Houston ranked No. 1 with total exports of $110 billion, an increase of 5.6 percent over 2011, while New York clinched the No. 2 spot with $102 […]
The United States was the world’s largest services market and the world’s top exporter and importer of services in 2011, the U.S. International Trade Commission said in its Recent […]
MOL said the fore section of its containership MOL Comfort sank Wednesday evening in the Arabian Sea. The company said the remaining section of the ship “sank in the high […]
The department said the past four years represent the strongest period for U.S. agricultural exports in the history of the country. Farm exports in fiscal year 2012 reached $135.8 billion and […]
The U.S. Export-Import Bank will back comprehensive guarantees for two HSBC loans totaling $55.6 million to support the export of American aircraft and agricultural machinery to China. The […]
NewPort Tank Containers and Sinochem Safe Transport said they will create a common ownership platform for combining their international, deep-sea tank container operations. The companies have worked together since […]
The vessels will each have a capacity of 770 FEUs and be used in the company’s U.S. West Coast operations. Self-geared and equipped with gantry cranes, they will be delivered in […]
The Port of Virginia achieved its best TEU throughput for the first half of a calendar year with 1.054 million standard shipping units processed between January and June, the […]
The U.S. Department of Agriculture has begun issuing nearly $2 million in fiscal year 2012 payments through a program that assists farmers and producers in U.S. territories who paid […]
In its latest update on the containership MOL Comfort, the Japanese liner company MOL said that firefighters have been unable to bring a fire under control on the section […]
Days after delivering the first in a series of 20 new 18,000-TEU ships to Maersk Line, Daewoo Shipbuilding and Marine Engineering has reportedly landed another order for three giant containerships. […]
