The new affiliate will have a structure similar to Maersk’s other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
According to a note by Cowen and Company, domestic airlines have cancelled about 20,000 flights since last Thursday due to inclement weather at a cost of between $50 million and $100 million.
Volume increased by 2.9 percent from 2012, with the PSA Singapore Terminals contributing 32.24 million TEU and PSA terminals outside Singapore handling 29.57 million TEU.
CaroTrans, a non-vessel operating common carrier and ocean freight consolidator, has agreed to a cooperation with MOLAX LINE, an independent NVO in South Korea, it announced Wednesday. The partnership “will create a stronger, more robust LCL service network in the transpacific trade,” according to a release. “The CaroTrans-MOLAX alliance will offer secure, local […]
FreightWatch reported yesterday that an increased presence of armed self-defense groups in the area of La Tierra Caliente has provoked civilian protests in the streets. As a result of the protests, the main highway stretch from Cuatro Caminos to Apatzinan has been plagued by blockades. With roads being blocked and protests in the […]
The Port of Oswego Authority in New York has appointed Zelko N. Kirincich to executive director. He replaced Jonathan Daniels, who took over as executive director and chief executive officer of Mississippi’s Port of Gulfport in June 2013. Kirincich comes from the Port Authority of Tampa, where he worked from 1996 […]
MOL Liner is adding a new service between Japan and Jakarta and attaching a feeder service between Singapore and Jakarta to its existing HS3 service, according to a release issued Tuesday. The new HS4 service, operated by Orient Overseas Container Lines as “KTX3,” will link Japan-Taiwan-Hong Kong-Jakarta, and will offer the direct link […]
Yusen Logistics announced today it will expand operations in Busan, South Korea, to reduce lead time and lower transportation costs for customers located along the coast of the Sea of Japan. Yusen operates a 22,000-square-meter warehouse at Busan New Port, one of Asia’s largest ports. Located on a busy shipping route near major […]
While the U.S. Export-Import Bank reported record exports Tuesday for the month of November — $194.9 billion in goods and services — Commerce Secretary Penny Pritzker said increasing the country’s trade and investment remains vital to job creation. Exports of goods and services grew by $1.7 billion to an all-time monthly high of […]
Donjon-SMIT and Marine Spill Response Corporation (MSRC) announced yesterday their cooperative alliance to support both tank and non-tank vessel owners with OPA 90 services. This will include the ability of non-tank vessel owners to establish their pre-arranged agreements with both Donjon-SMIT and MSRC, through either company’s website, as well as cooperation between the […]
The Korean Register of Shipping, an IACS member classification society, and the Busan Port Authority have reportedly signed a memorandum of understanding to cooperate on environmental initiatives and other maritime activities. A release issued Tuesday said that the MoU lets both parties work together on the development of an evaluation index for eco-friendly […]
The American Institute for International Steel reported Tuesday that steel imports declined by 16.7 percent in November compared to October, according to preliminary government numbers. For the year-to-date period, imports decreased from 31.009 million tons in the first 11 months of 2012 to 29.635 million tons in the same period in 2013, a […]
Ownership of the parent company of SSA Marine, which describes itself as the world’s largest independent, privately-held marine terminal operator, has changed hands. Carrix, Inc. and its parent company, FRS Capital Corp., said on Tuesday, GS Infrastructure Partners, an infrastructure fund managed by Goldman Sachs, sold its stock in FRS Capital Corp. to […]
According to the U.S. Environmental Protection Agency, a group of companies and its owner must either stop importing vehicles or follow a plan to settle Clean Air Act violations arising from the alleged illegal import of more than 24,167 motorcycles and recreational vehicles into the U.S. without proper documentation. “Importers of foreign-made vehicles […]
A BBC report over the weekend found that construction on a canal that runs through Nicaragua would probably not begin until next year, but the AP reported Monday reported that construction will begin in 2014.
A.P. Moller-Maersk said it is divesting its shares in a Danish supermarket chain, receiving net proceeds of $3 billion and an accounting gain of about $2.5 billion through the deal.
U.S. Customs and Border Protection said it will launch this month a one-year cargo pre-inspection pilot test in Fort Erie, Ontario, for trucks crossing the Peace Bridge to Buffalo, N.Y. The exercise will test the ability of the pre-inspection process to reduce wait times and border congestion, a key goal of the Beyond the […]
San Antonio transportation leaders and the Texas Department of Transportation today unveiled a plan to allocate more than $800 million to fund expansions of I-10, US 281 and Loop 1604.
Union Pacific Railroad announced yesterday a new intermodal service between Laredo, Texas, and Memphis, Tenn., to support growing transportation needs for the automotive manufacturing and intermodal marketplaces.
Pritzker Secretary of Commerce Penny Pritzker will lead a senior-executive business development mission to the United Arab Emirates, Saudi Arabia and Qatar, the Commerce Department announced Monday. “Connecting U.S. businesses with opportunities in new markets is fundamental to the mission of the Department of Commerce and our ‘Open for Business Agenda,’” stated Pritzker. […]
