Japanese shipping lines expect better year ahead
Results of NYK, MOL and “K” Line suffer from loss by their joint venture, Ocean Network Express.
Containership demolitions forecast to rise
But because so many containerships are relatively new, the pool of candidates for scrapping is limited.
Houston trying to balance shipping, energy interests
The port also is looking to speed up a project to widen its main shipping channel.
ONE reports $586 million loss in 2018-19 fiscal year
Ocean Network Express, the container shipping company owned by NYK, MOL and “K” Line, forecasts a profit in the current fiscal year.
MPC Container Ships obtains loan, OKs share increase
CIT Group provides revolving credit line to the feeder ship company and shareholders vote to authorize additional shares.
HMM expanding cooperation with FESCO
The companies will increase the number of services on which Hyundai Merchant Marine shares space from one to three.
State legislators hear differing views on Oakland ballpark
The Pacific Merchant Shipping Association and longshoremen oppose the plan by the Oakland Athletics to build a ballpark on Port of Oakland property.
HMM’s new CEO discussing future with 2M
Jae-hoon Bae also will meet with employees, shippers and the head of the IMO during a visit to Europe less than a month after becoming head of the South Korean carrier.
Calculating carbon footprints of logistics operations
European shippers and forwarders help advance standard framework for measuring the impact of logistics on emissions.
ZIM joins TradeLens platform
Developed by Maersk and IBM, TradeLens uses blockchain to promote exchange of shipping and trade data.
A carrier group for the digital era
The Digital Container Shipping Association will focus on driving standardization, digitalization and interoperability in container shipping.
Port of L.A. postpones vote on Pier 400 automation
International Longshore and Warehouse Union opposes plan to automate the APM Terminals container facility.
Shipping should be on ‘red alert’ for cyber risks
Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”
New bulk carrier being built for Great Lakes
Fincantieri Bay Shipbuilding is tapped to build the first U.S.-flag bulker for the Great Lakes trade in more than 35 years for Interlake Steamship Company.
Dachser reports strong U.S. growth
In 2018 “logistics had to focus on the discipline of scarce resources management,” says CEO Bernhard Simon.
Containers could be a Brexit relief valve
Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.
A cargo wrangler expands to China
Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.
Shipowners told to avoid over-ordering new ships
ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”
Navis continues to roll out additional products
Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.
GlobalTranz Enterprises acquires Circle 8 Logistics
The Arizona-headquartered freight broker has made nine acquisitions since January 2017.