American Shipper

FreightWaves Staff Thursday, March 27, 2014

Canadian transport minister scolds effort to tax U.S.-bound cargo

   Canadian Transport Minister Lisa Raitt on Tuesday warned that successful passage of legislation that would target user fees at cargo entering the United States via Canadian ports would be challenged by Canada and would harm trade between the world’s largest bilateral trading partners.    Speaking before the American Association of Port Authorities spring conference […]

Read More »
Chris Dupin Thursday, March 27, 2014

Striking truckers reach deal in Vancouver

   Groups representing drayage drivers in the Port of Vancouver, British Columbia, said Wednesday they had reached a deal to end a month-and-a-half-old strike.    “We did it,” said a posting on the Facebook page of the United Truckers Association of British Columbia. “Back to work deal has been signed.”    The group is said […]

Read More »
Chris Dupin Thursday, March 27, 2014

Lower freight rates hurt ZIM earnings, revenue

   ZIM, the Israel-based container carrier, said it had a net loss in 2013 of $530 million compared with $428 million last year.    Excluding extraordinary expenses, the annual loss amounted to $369 million.    Revenues in 2013 amounted to $3.7 billion, compared with $4 billion in 2012, a decrease of 7 percent, resulting mostly […]

Read More »
Chris Dupin Thursday, March 27, 2014

U.S. maritime industry at ‘precipice of failure’

   The U.S. maritime industry is “at the precipice of potential failure” said acting U.S. Maritime Administrator Paul “Chip” Jaenichen during testimony to the Coast Guard and Maritime Subcommittee of the U.S. House of Representatives on Wednesday. Jaenichen    Jaenichen, head of the Department of Transportation’s Maritime Administration, said his concern was based on a […]

Read More »
FreightWaves Staff Thursday, March 27, 2014

Lufthansa Cargo ‘ambitious’ about future

   Lufthansa Cargo generated revenues of 2.44 billion euro in 2013, a 9.2-percent decline from 2012’s result.    Operating profit in 2013 fell by 26.7 percent to 77 million euro, and operating margin fell by 0.7 points. Freight and mail tonnage fell by 1 percentage point during the same period to 1.72 million tons.    […]

Read More »
Chris Dupin Thursday, March 27, 2014

SeaLand names new executive team

   SeaLand, the newly founded intra-Americas regional carrier of Maersk Group, said it has appointed the following executives to lead the company under Craig Mygatt, who was named earlier this year as chief executive officer of the new unit.    The appointees will join the company within the next couple of months. Alfredo Di Palma […]

Read More »
Chris Dupin Wednesday, March 26, 2014

2014 ‘bleak’ for container carriers

    This year’s outlook for the container shipping industry is “bleak” and publicly-listed global container shipping companies “face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010,” according to the global business-advisory firm AlixPartners, which Tuesday released a new study titled “Change on the Horizon: The 2014 Container Shipping […]

Read More »
Chris Gillis Wednesday, March 26, 2014

Ex-Im Bank bond maintains Brazilian airline, Delta TechOps deal

   The U.S. Export-Import Bank said one of its guaranteed bonds funded by the capital markets raised $40.7 million for the Brazilian airline VRG Linhas Aéreas S.A. (GOL) for engine-maintenance services performed by Delta TechOps in Atlanta.    Delta TechOps is the maintenance, repair and overhaul division of Delta Air Lines.    The bond was […]

Read More »
Chris Dupin Wednesday, March 26, 2014

COSCO Pacific earnings rise in 2013

   COSCO Pacific, the container terminal and container leasing arm of COSCO, had a profit attributable to equity holders of $702.7 million in 2013 compared with $342.2 million in 2012, with much of the increase coming from the disposal in May of its 21.8 percent equity interest in China International Marine Containers, one of the […]

Read More »
Chris Gillis Wednesday, March 26, 2014

Port of Houston reopens to vessel traffic

   The U.S. Coast Guard began allowing ships to move through special zones of the Port of Houston’s ship channel Tuesday afternoon after being closed since Saturday due to an oil spill.      The first transits started with deep-draft vessels moving outbound from Houston. By 6 p.m., the Houston port pilots reported 14 vessels […]

Read More »
FreightWaves Staff Tuesday, March 25, 2014

U.S. to talk trade with EU at Brussels summit

Obama    President Barack Obama and U.S. Trade Representative Michael Froman will meet with European leaders Wednesday in Brussels for a summit on EU-U.S. relations, which will include a discussion of the Transatlantic Trade and Investment Partnership.    Anthony Luzzatto Gardner, the U.S. ambassador to the EU, will also be in attendance. The European Council’s […]

Read More »