The chief executive officer and founder of the container shipping analyst SeaIntel Consulting, Lars Jensen, has launched a new company focusing on cyber security in the maritime industry.
Wilh. Wilhelmsen Holding ASA Group (WWH), the Norwegian company that is a part owner in Wallenius Wilhelmsen Logistics and several other roll-on/roll-off cargo companies, said it saw positive growth in the fourth quarter in volumes transported deep sea and continued growth in sales for its maritime services segment. The Wilhelmsen companies have a […]
The American Chamber of Commerce in Shanghai (AmCham Shanghai) last month formed a partnership with China’s top e-commerce platform Alibaba.com to provide Alibaba’s registered users with access to market information and business resources from AmCham Shanghai. The goal of the partnership is to facilitate trade between the United States and China, as well […]
Cathay Pacific Airways and Dragonair experienced a decline in cargo and mail tonnage in January, compared to January 2013, according to figures released Thursday by Cathay Pacific. The two airlines carried 130,955 tons of cargo and mail in January, a decrease of 1.4 percent compared to the same month last year. At the […]
The Port of Portland, Ore. will pay container carriers an incentive to move containers through the port. Commissioners voted 7-1 Wednesday in favor of the plan to pay carriers $20 for each container they move through the port, plus up to $25 per container if carriers grow their volumes at the port. […]
Rep. John Garamendi, D-CA, withdrew a proposed amendment to the Coast Guard Reauthorization Bill that would have required all export of liquefied natural gas (LNG) to be carried on U.S.-built, flagged- and crewed-ships.
MOL and its car carrier affiliate Nissan Motor Car Carrier Co. (NMCC) will pay a $1,275,000 penalty under a compromise agreement announced by the Federal Maritime Commission (FMC) on Wednesday. FMC said, “The compromise agreement resolved allegations that MOL and NMCC violated section 10(a) of the Shipping Act, 46 U.S.C. § 41102(b), by […]
The container leasing company Textainer reported strong growth in revenue last year, but a drop in profit. Textainer said it had a profit of $45.5 million in the fourth quarter, about 25 percent less than in the same period 2012. Revenue was $137.5 million for the fourth quarter, an increase of 8 percent […]
Analysts expect an 8.4-percent drop in retail imports at domestic container ports in February compared to the same period in 2013, according to the Global Port Tracker. While noting that February is usually the slowest month of the year, the report predicts a drop to 1.17 million TEUs for the month. This drop […]
Great Lakes iron ore shipments fell by 37 percent in January when compared to the same period a year ago, finishing the month at 2 million tons, according to the Lake Carriers’ Association. The group said inclement weather, which forced trips that should have taken three days into week-long voyages, and delays at […]
Due to another spat of inclement weather, Delta cancelled 573 flights throughout the Southeast Tuesday and by that afternoon had already pulled the plug on 1,584 flights scheduled for Wednesday.
Riker McKenzie, Local 333 president, said the contract was rejected by a vote of 416-140. He added that members of the union will continue to work and while the union tries to negotiate a “fair and equitable contract.”
The Florida East Coast Railway has begun installing rail tracks and crane pads for a ship-to-rail terminal slated to open this summer at Port Everglades in Fort Lauderdale, the port authority said Tuesday. Florida East Coast (FEC) signed a 30-year concession in 2012 to build and operate the 43-acre near-dock intermodal container transfer […]
The Port of Charleston increased the amount of cargo moving in and out of the port by rail by 18 percent last year to nearly 145,000 containers, the South Carolina Ports Authority reported Tuesday.
Donjon Shipbuilding and Repair, located in Erie, Pa., has entered a contract to construct a 185,000-barrel coastal petroleum and chemical barge for Seabulk Tankers. The barge will become a component of Seabulk’s articulated tug-and-barge vessel. Delivery is expected by the first half of 2016.
Genesee & Wyoming experienced a weaker-than-expected fourth quarter in 2013, according to its chief executive officer, though income numbers show significant gains from the year before. Total operating revenues for the year jumped 72 percent to $391.7 million. Adjusted income from operations increased 65 percent to $95.7 million, and reported income leaped by […]
C.R. England has signed a multi-year liquefied natural gas agreement with Shell to replace its existing diesel trucks with LNG-powered trucks, which will service Southern California.
Saudia Cargo will operate four extra freighter flights from Nairobi to Amsterdam this month in order to meet the higher demand for flower exports, the company announced Wednesday. “Over the last year, Saudia Cargo has significantly increased its scheduled capacity in the Kenyan export market by 40 percent,” stated Ken Mbogo, regional sales […]
BNSF announced last week a capital commitment plan for 2014 of $5 billion, which it said is a record plan and a $1 billion increase over its expenditures in 2013. The railroad will spend $2.3 billion on network upgrades, $1.6 billion on equipment purchases, $900 million for terminal and other expansion, and $200 […]
