A new container terminal capable of handling 800,000 containers annually was dedicated at the Port of Mariel on Monday. Both Raul Castro, president of Cuba, and Dilma Rousseff, the president of Brazil, were on hand this week for a ribbon cutting. The BBC said the first phase of the project “was financed […]
The logistics services provider Blu Logistics has integrated the cloud-based global rate management solution from CargoSphere. Blu Logistics, which operates in seven countries, opened its North American office in 2009. The company, which offers sea and air freight services, customs brokerage, ground transportation, and warehousing, previously outsourced freight rate and contract management. […]
It will pay $86.9 million for each ship for a total of $434.5 million. They are to be delivered in 2016 and 2017. COSCO also noted that on Dec. 30, it ordered four 64,000-dwt bulk carriers for $27 million each.
The Baltimore Sun has reported that a federal arbitrator ordered a local of the International Longshoremen’s Association to pay about $3.8 million in damages after a three-day strike in October led to lost revenue at the port of Baltimore. Riker “Rocky” McKenzie, president of ILA Local 333, told the newspaper that the union […]
Cargolux Airlines Wednesday said its search for a new chief executive officer remains ongoing and that it has not selected a new CEO, despite media reports. According to a statement, the carrier’s consulting firm “had been commissioned with identifying interested candidates and tasked with shortlisting the most suitable individuals for this post after […]
Hub Group said it had a profit of $69.1 million in 2013, compared to $68 million in 2012. Revenue was $3.4 billion in 2013, compared to $3.1 billion in 2012. In the fourth quarter of 2013, profit was $16.5 million, compared to $18.8 million in the fourth quarter of 2012. Revenue for the […]
Matson said it has issued $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on Nov. 6, 2013. It said proceeds will be used for general corporate purposes.
As regulators try to figure out how to respond to a rash of rail accidents that have occurred during the shipment of oil, officials are proposing new ways forward for shipping oil and other hazardous goods.
To download this report you must be an American Shipper Global Schedule 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/hapaglloydp3report […]
If the consortium in charge follows through on its threat to suspend activity because of a contract dispute, the project could take several more years to build, according to arbitrators helping to oversee the project.
The two largest west coast ports in Canada are offering financial incentives to shipowners based on the “A to G” Greenhouse Gas Emission rating, according to a news release from the Carbon War Room. Vessels that enter Port Metro Vancouver and Prince Rupert Port will be rewarded by their efficiency, determined by the […]
Maersk Container Industry (MCI) has partnered with Boston-based technology company Primaira LLC to develop an air cleaning system in Star Cool Integrated refrigerated containers.
Russian regulators have changed the customs clearance process for goods shipped to private parties, clearing the shipments not under express processes but under the “Individual Passenger Customs Declaration Process,” according to FedEx Express. As a result, FedEx has stopped shipments to individuals in Russia temporarily; business-to-business shipments have not been affected, the company […]
DSV has launched an intermodal service between Turkey and the UK. One service offers departures three times a week direct by rail from Halkali train terminal in Istanbul to Zeebrugge or Rotterdam. It also offers service using by short-sea shipping from Istanbul to Trieste in Italy and then by rail to Zeebrugge or […]
Members of the Transpacific Stabilization said they will seek further rate Eastbound rate increases in March and May, seeking to “build on the momentum” of a $300 per 40-foot container (FEU) general rate increase (GRI) that its 15 members recommended for Jan. 15. In a press release the carriers announced plans for: A […]
The use of alternative fuels beyond LNG will be adopted by more than 20 percent of shippers, according to a report released by DNV GL. “While LNG is expected to be an early success, the picture becomes more diversified with time, as more than 20 percent of shipping could adopt hybrid propulsion solutions, […]
CMA Terminals, a wholly-owned subsidiary of the CMA CGM Group, will acquire a 25-percent share of ICTSI’s Lekki International Container Terminal Services LFTZ Enterprise (LICTSLE) in Nigeria, 37 miles east of Lagos. Philippines-based ICTSI signed a sub concession agreement in 2012 giving it the right to develop and operate the terminal for 21 […]
The Federal Highway Administration earlier this month issued a final rule that it says will expedite the delivery of certain highway projects by cutting red tape, while improving environmental outcomes under the National Environmental Policy Act process. The new rule responds to President Obama’s call for federal agencies to streamline and improve government […]
Air Products, a diversified supplier of gases and chemicals, and a heavy-duty equipment manufacturer based in Allentown, Pa., has opened a 3000,000-square foot factory adjacent to Port Manatee on the Florida Gulf Coast to manufacturer heat exchangers for liquefied natural gas plants. Heat exchangers, which can reach 15 feet wide, 180 feet long […]
Several ports as far south as Texas are closed Tuesday because of a bad blast of winter weather that includes freezing rain, snow, ice, high winds and 10-foot seas offshore in the Gulf.
