Stifel Nicolaus reports that dry bulk spot rates have declined as seasonal softness in demand has resulted in a decrease of activity. Additionally, heavy rains have hampered iron ore loadings in Brazil and Australia, but the hardest hit segments of the dry bulk space have been the Panamax and Supramax segments, which transport […]
Bill de Blasio, who was sworn in as mayor of New York City on Wednesday, is readying Polly Trottenberg to run the city’s transportation department. Trottenberg was the third-ranking official at the U.S. Department of Transportation, where she served as under secretary of policy and was the primary adviser to the secretary of transportation. […]
The Panama Canal Authority indicated that the consortium in charge of building the locks for a new entrance to the Panama Canal has begun to drag its feet because of unhappiness with the terms of its contract.
Yasumi Kudo, NYK Line’s president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to “redouble our efforts to ensure antitrust law compliance in all aspects of our business.”
The vessels, which have an average age of four years, will be delivered individually to Euronav over the coming months, once Maersk Tankers has fulfilled all existing contractual commitments.
Reederei NSB, the owner of the containership MSC Monterey, which sought protection in St. Mary’s Bay, Newfoundland, last week after developing a crack in its deck and hull, said repairs will be made where the ship is anchored and that the ship is not expected to continue its voyage until Jan. 11. NSB […]
CMA CGM said one of its ships, the 5,770-TEU Rossini, lost 14 containers overboard off Ushant at the southern entrance to the western English Channel on the night of Jan. 3. The company-owned ship was sailing from Le Havre to Port Said in Egypt. French maritime authorities were immediately notified, and the […]
On Dec. 31, SolarWorld said it submitted anti-dumping and anti-subsidy cases with the U.S. International Trade Commission and the U.S. Department of Commerce against China and Taiwan in order to close a loophole in trade remedies.
Hapag-Lloyd is eliminating one of the three loops it operates on the North Europe-East Coast South American trade, returning to the two-loop pattern it offered before April 2012. The Brazil La Plata Express service will be terminated, but the carrier said it will maintain the Brazil-River Plate Express service offered through slots on […]
ChemLogix announced today that along with ChemLogix Global, VistaLogix Global and LHC Consulting, they will merge under one brand name and logo to reflect the parent company CLX Logistics, LLC. Each subsidiary, including the recently established European operations based in the Netherlands, will now operate under the CLX Logistics name and replace its […]
The federal agency said oil transported from the Bakken region “may be more flammable than traditional heavy crude oil.” Meanwhile, it’s continuing an investigation into the transport of crude oil by rail in the aftermath of a derailment in North Dakota.
The sale, which must be approved by the STB, is anticipated to close by mid-year. G&W has said the section of line, which will be operated by a new company, Rapid City, Pierre & Eastern Railroad, will be staffed by 180 new employees.
Truck gates into the major container terminals of the Port of New York and New Jersey are closed today. Maher Terminals, the port’s largest, said it shut down its truck gates at 4 p.m. on Thursday and will reopen them on Monday.
Panama Canal Administrator Jorge L. Quijano on Thursday strongly disputed charges by the contractor building the locks for a new waterway entrance that his agency has not promptly paid claims for unforeseen construction costs and said the project is on track to open for business in the fourth quarter of 2015 if there is […]
The Shanghai Container Freight Index was set at 1,176.12 on Friday, Jan. 3, 62.39 points higher than a week earlier. The index is a weighted average of estimated spot container freight rates on 15 routes out of Shanghai to different destinations worldwide and prepared by a panel for the Shanghai Shipping Exchange. […]
Kirby Corp., the nation’s largest tank barge operator and diesel engine services provider, said David W. Grzebinski has been elected president and chief operating officer, and that it plans to make him chief executive officer later this year. Grzebinski has been serving as the company’s executive vice president and chief financial officer since […]
The liner carrier said its weekly service to Cuba will begin by using the country’s new shipping terminal in Mariel, instead of Havana. The service will start with the sailing of the ship K Breeze from Port Everglades, Fla., on Jan. 25.
Malcom Purcell McLean Jr., son of containerization pioneer Malcom McLean Sr., died at his home in Orange Beach, Ala., on Sunday, Dec. 29, after a prolonged illness. He is survived by five children: Kemberly Sehoy McLean, Malcom P. McLean III, Jennifer Lacy McLean Sharpe, Christopher George McLean and Andrew Sikes McLean; four grandchildren; […]
A Florida-based management consultant who previously was a port executive suggested that because Florida ports are receiving more assistance from the state they should “engage in an exchange of ideas of how to make our port system better, ideas that may include consolidation or rationalization, and even the long-whispered state port authority, among many […]
French liner carrier CMA CGM announced Thursday that its Italian operations now has an agent in Naples, located in Southern Italy.
