The Panama Canal Authority and the contractor for the biggest portion of the waterway’s expansion project made counter proposals Friday to try and resolve a billing dispute that has led to the suspension of work. The Panama Canal Authority (ACP) last Tuesday broke of talks after more than a month of discussion failed […]
The Panama Canal Authority said Saturday it fined representatives for a North Korean freighter more than $693,000 for failing to properly declare its cargo, as required by regulation. The independent agency said it released the ship, the Chong Chon Gang, after the payment was received.
FedEx Trade Networks has named Jack Muhs president and chief executive officer, replacing Fred Schardt, who retired after leading the freight forwarding arm of FedEx since October 2009. According to FedEx, Schardt stepped down after more than 42 years in the business to spend more time with family. Muhs, who started his […]
“This initiative is charged with bringing together federal resources to help rural businesses and leaders take advantage of new investment opportunities, and access new … markets abroad,” the White House’s Rural Council said.
Shipment volumes and freight expenditures continued their decline in the new year, with a “bumpy ride” predicted for the future, according to January’s Cass Freight Index Report.
A large fire that began in a warehouse filled with rubber at the Port of Savannah’s Ocean Terminal is now fully extinguished, the Georgia Ports Authority said in a bulletin issued Sunday.
Contractor Grupo Unidos por el Canal said Thursday it offered a new compromise proposal intended to help meet the Canal Authority’s demands.
The proposed contract largely deals with work on automobile, cruise and forest product ships. A six-year master contract for working container ships was approved by the union last year.
The Port Authority of New York and New Jersey says construction to raise the roadway of the Bayonne Bridge is “well under way and continues to accelerate at a brisk pace.”
Hans Jakob Kruse, who served as chairman of Hapag-Lloyd’s executive board for two decades, died Tuesday in Hamburg. Kruse, 84, was chairman from 1973 to 1993. “Hapag-Lloyd is mourning the loss of a visionary and beloved chairman, whose substantial contribution shaped our company as well as the global shipping industry,” said Michael […]
Opponents of the practice of the demolition of old ships on beaches in Southeast Asian countries took their campaign to the headquarters of the German Shipowners Association in Hamburg Friday.
Tropical Shipping, a specialist in moving cargo to destinations in the Bahamas and Caribbean, had flat operating earnings in the fourth quarter, but a 50-percent increase in earnings before interest and tax (EBIT) for the full year. EBIT was $9 million in the fourth quarter of 2013 — the same as in the […]
Li & Fung said it is establishing a vendor-support services business unit to enhance factory and worker safety, raise standards, and improve operational efficiencies in its global supply chain. A leading sourcing company, Li & Fung provides services to about 15,000 factories in its vendor base to enhance their competitiveness, operational efficiency and […]
MOL has confirmed press reports that it has filed a lawsuit in Tokyo against the shipyard Mitsubishi Heavy Industry over the break-up and eventual sinking of the containership MOL Comfort last year. Press reports say the Japanese shipping company is seeking compensation for the value of the ship as well as the costs […]
TOTE Inc. has selected Pivotal LNG and WesPac Midstream to provide liquefied natural gas to fuel two, dual-fuel LNG container ships TOTE has ordered that will homeport in Jacksonville, Fla., in two years. Pivotal LNG is a subsidiary of AGL Resources, an Atlanta-based energy services holding company that owns and operates five liquefaction facilities. […]
A reauthorization bill for the U.S. Coast Guard introduced on Thursday includes provisions that its authors say will help strengthen the U.S. Merchant Marine and proposals that they say will increase oversight and reform the Federal Maritime Commission. The Coast Guard and Maritime Transportation Act of 2014 (H.R. 4005) was introduced in the […]
The U.S. trade deficit also improved $63.1 billion from the past year to $471.5 billion. Merchandise exports to the 20 economies that have trade agreements with the United States reached a record $732 billion.
IAG Cargo has replaced the Boeing 747 on British Airways commercial flights to Johannesburg with an A380. With the larger plane, which features better temperature controls, IAG Cargo will be targeting perishable and pharmaceutical companies. This plane switch signals one of the opening steps in what is to be a lengthy fleet […]
To help officials prepare for the 2014 Winter Olympic Games, AirBridgeCargo said it has delivered more than 1,800 tons of airfreight to Sochi, Russia, over the past year. ABC’s parent company, Volga Dnepr Group, said the carrier had flown more than 30 charter flights to Sochi by the beginning of 2014. “Usually […]
The U.S. Export-Import Bank said it’s now open for business in Burma to help finance short-term and medium-term U.S. export sales. “After a diligent review, the bank’s board reached this decision — which will improve trade flows between our two countries and help reintegrate Burma into the global economy,” said Ex-Im Bank Board […]
