These changes, which are part of the White House’s Export Control Reform Initiative, “enhance our national security by increasing interoperability with our close allies and partners,” the State and Commerce departments said.
Fitch Ratings said a potential strike or some form of work slowdown affecting West Coast ports resulting from a contract impasse between dock workers and terminal operators is likely to be short and manageable. The contract between the International Longshore and Warehouse Union and the Pacific Maritime Association expired at midnight, but those […]
The European Union has set a Jan. 1 deadline for vessels sailing in the Emission Control Areas of the English Channel, the North Sea and the Baltic Sea to use bunker fuels with a maximum sulfur content of 0.1 percent.
Madagascar was removed from the trade program on Jan. 1, 2010, following a 2009 coup d’état. The country held its first democratic elections since the coup late 2013; the U.S. has begun normalizing relations with Madagascar.
The current contract between the International Longshore and Warehouse Union and employers is due to expire tomorrow, July 1, but nearly all observers are expecting talks to continue.
Shareholders of Israel Corp. approved a debt restructuring agreement for Zim, but the company is still trying to negotiate an agreement over the “golden share” the Israeli government maintains in the company.
UPS has added a full containerload rail service to two of its China-Europe routings. The new option, which officials say is 50-percent faster than ocean shipping, is available on freight traveling between Chengdu, China, and Lodz, Poland, and from Zhengzhou, China, and Hamburg, Germany. Officials also added the rail program costs 70-percent less […]
The Union Pacific Railroad and the Illinois Department of Transportation will each invest $45 million to construct a third main track on two short sections of a commuter rail line that runs between Chicago and its western suburbs, the railroad and state officials announced Friday. The construction is the last of several improvements […]
Nearly 100 percent of Bahri shareholders who voted have approved the Saudi national shipping company’s merger with Vela International Marine Limited.
The Congressional Budget Office estimate assumed the same level of funding for fiscal-year 2015 as in the current fiscal year, as well as the continuation of benefits from MAP-21 until Dec. 31.
Trade between the United States and partners Canada and Mexico grew to $100.1 billion in April, a 1.2-percent rise over April 2013, according to the Department of Transportation. The trade total is a decline from the $101.48 billion in trade seen in March, which stands as the highest trade total so far this […]
To download this report you must be an American Shipper Permium Global Subscriber, a BlueWater Reporting Individual Subscriber or a BlueWater Reporting Corporate Subscriber or you may purchase the report directly by visiting https://www.bluewaterreporting.com/CKYHEAllianceImplications The CKYH Alliance of ocean liner carriers, which is comprised of China -owned COSCO Container Lines, Hanjin Shipping of […]
The Long Beach Board of Harbor Commissioners on Tuesday gave final approval to two new incentives for carriers aimed at making the more port more competitive with other West Coast ports from Canada to Mexico and attracting more discretionary cargo while also achieving environmental goals. The first benefit, effective July 1, is a […]
A senior executive at CMA CGM also said that the fact that the P3 will not move forward will have no impact on CMA CGM’s 2014 results, saying that the financial investment in the project was minimal.
The port has been without a permanent leader since Christopher Lytle left a year ago to head the Port of Oakland. Chief Harbor Engineer Al Moro has served as interim executive director.
CMA CGM said the first in a series of 28 new containerships with capacities of 9,400 TEU – 10,900 TEU will enter its fleet on June 30, with a design that it said signals its ambitions to be a leader in the refrigerated cargo business. The CMA CGM Danube will begin its maiden […]
According to the latest cargo figures from the International Air Transport Association, carriers in the Asia-Pacific region experienced a 5.2-percent, year-over-year, increase in demand in April.
“Even though a labor agreement is not expected to be reached by the June 30 deadline, the ILWU and PMA must remain at the negotiating table, without engaging in disruptions,” according to a recent study.
LLamasoft has partnered with Chainalytics to offer the firm’s Freight Market Intelligence Consortium truckload data with LLamasoft’s solutions. The freight market system works by gathering shipment data from more than 100 companies and then “normalizes the cost drivers which impact overall transportation costs” to give customers a real-time portrayal of actual costs, according […]
The HTF could run out of money by the second half of August without some infusion of new funds because obligations to states for projects exceeds revenues. To prop up the fund, Congress has borrowed $54 billion since 2009.
