Pritzker U.S. Secretary of Commerce Penny Pritzker said Thursday that 21 U.S. companies will join her second trade mission, which will make three stops in the Middle East from March 8-14. The trip is specifically focused on export opportunities for U.S. businesses in the infrastructure sector, such as project management and engineering, renewable […]
Cosco, “K” Line, Yang Ming, Hanjin and Evergreen have confirmed that the five parties have agreed in principle to establish a shipping alliance, but only on the trades between Asia and Europe, including the Mediterranean region.
The freight rate software company Catapult International on Thursday launched a new bid and request for quotation (RFQ) data mapping solution for ocean carriers, airlines and freight forwarders. The product, called Spring Board, is designed to allow forwarders and carriers to processes freight rate bids and RFQs with little up-front effort, algorithms homogenizing […]
The G6 Alliance today announced the 17 port rotations — 12 for the Asia-North America West Coast trade and five in the transatlantic — that it plans to start operating in April.
The Panama Canal Authority said late Wednesday that it has reached an agreement with the international consortium building a new set of locks for its expansion project to resume construction Thursday.
President Barack Obama on Tuesday directed the Environmental Protection Agency and the Department of Transportation to establish the next tier of fuel efficiency and carbon emission-reduction standards for trucks within a year.
APM Terminals said Thursday that it will form a 50-50 joint venture with Toronto-based Brookfield Asset Management to operate its terminal in Port Elizabeth, N.J.
NOL, the parent company of the container liner company APL, said it had a loss of $76 million in 2013, smaller than the $412 million loss it experienced in 2012. Revenue was $8.83 billion in 2013, 7-percent less than in 2012.
The letter outlines four initiatives the Port Authority and other stakeholders can pursue to alleviate the backlog and restore productivity to port operations.
Two American security workers were found dead Tuesday in a cabin on the Maersk Alabama, according to numerous news reports. The two men, both 44, worked for Trident Group, a maritime security and training company based in Virginia. In a statement on the company’s website, Trident Group Chief Executive Officer and President […]
Hansa Heavy Lift has opened an office in Sao Paulo, Brazil, as part of its expansion plans, the company announced Thursday. “Hansa Heavy Lift has the largest fleet in the heavy lift market, with ships that are on average only four years old,” said Gilberto Lima, managing director in Brazil, in a statement. […]
The Panama Canal Authority and Grupo Unidos por el Canal remain far apart on a deal to resolve a long-simmering billing dispute that would resume work on new locks that are part of the $5.2 billion expansion project.
DOT provides updates on the Highway Account each month. For February, it predicts the account will climb a bit to $8.9 billion, but will start falling precipitously after April. A shortfall is expected to occur sometime in August.
The ports of Long Beach and Los Angeles said container imports last month were higher than in January 2013.
Totem Ocean Trailer Express has selected Wärtsilä to supply main engines, generators and integrated systems for the storage and handling of liquefied natural gas and fuel gas for the retrofit of its two Orca-class ro-ro vessels.
An examination by cargo surveyors of the Maersk container ship Svendborg Maersk showed that around 520 containers were lost overboard. Around 85 percent of those lost containers were empty.
CEVA Logistics will move its Panama City operation this month to a 4,400-square-meter warehouse near the Panama Tocumen International Airport. The firm will manage multiple customers from the new space, which boasts a capacity for 7,000 pallet positions and room for expansion. “This new facility also gives us room to expand our […]
To bolster its share in the Singapore pharmaceutical market, IAG Cargo will add A380 service, equipped with a fully air conditioned cargo hold, from Singapore to London in October. According to IAG, there are more than 30 of the top biomedical science companies operating in Singapore. “With some pharmaceutical shipments valued at […]
Saudia Cargo will begin offering more belly cargo space on new passenger flights between Riyadh, Saudi Arabia, and Manchester and Los Angeles on April 1. The thrice-weekly services will make use of a B777-200 to Manchester and B777-300 to Los Angeles. “As our second passenger destination to the UK and our third […]
Dachser USA has entered a newly expanded warehouse in Chicago, which will serve as its Midwest hub providing cross-docking, warehouse storage, distribution, and buildup and breakdown of air and ocean containers. “With the expansion of our Chicago-based warehouse, 80 percent of the U.S. population can be reached within two days by way of […]
