American Shipper

Chris Dupin Thursday, November 21, 2013

Seaspan seeks to raise up to $84.6 million

   Containership owner Seaspan Corp. said this week that it plans to sell 3.5 million shares of Class A common stock that will be priced at $22 per share.    Seaspan, which operates a fleet of 71 ships that it charters to major liner companies, said it will receive net proceeds of approximately $73.5 million […]

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Chris Dupin Thursday, November 21, 2013

Drewry sees drop in carrier performance

   Drewry says the most recent edition of its Carrier Performance Insight report “revealed a disappointing drop in performance for both ship-level and container-level reliability.”    The London-based consultant and publisher, which compares actual with estimated arrival times of containerships at eight ports around the world including Los Angeles/Long Beach and Norfolk, found reliability dipped […]

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FreightWaves Staff Thursday, November 21, 2013

Boeing Dreamlifter stranded in Kansas

   Pilots of a Boeing Dreamlifiter mistakenly landed at the wrong Kansas airport last night, stranding the plane on a runway too short for the massive aircraft, according to the City of Wichita and various news reports.    The plane, which was on its way to McConnell Air Force Base, landed accidentally at Jabara Airport, […]

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Chris Gillis Wednesday, November 20, 2013

Look out, P3 sailing through

   The P3 Network carriers – Maersk, Mediterranean Shipping Co. and CMA CGM – have started sharing details of their proposed vessel-sharing agreement with U.S., European and Chinese regulatory authorities.    The three carriers are Nos. 1, 2 and 3, respectively, in terms of size among the world’s liner carrier fleets. They don’t make decisions […]

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FreightWaves Staff Wednesday, November 20, 2013

Optimizing through omni-channel

By Tom Nightingale    We like to tell our customers that shoppers are never more than five feet away from their store. With PCs, tablets and smartphones, buying power is at shoppers’ fingertips anytime, anywhere. And as consumer activity in the mobile space increases year after year, retailers must respond…

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Chris Dupin Wednesday, November 20, 2013

Marine policy rescinded

   Afederal judge found an insurer was justified in rescinding an ocean marine insurance policy because the insured misrepresented the value and condition of a dry dock it insured. (Catlin (Syndicate 2003) at Lloyd’s v. San Juan Towing & Marine Services Inc. Nos. 11-2093, 11-2116. D. Puerto Rico. Oct. 8.)    San Juan Towing (SJT) […]

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Chris Dupin Wednesday, November 20, 2013

At intermodal’s hub

   Hub Group typifies the shift to more diverse services in this market space.    In the railroad world, the moniker “hub” is well suited to Chicago, with its mass of rail terminals and interconnecting rail lines.

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FreightWaves Staff Wednesday, November 20, 2013

Constricting capacity

Onslaught of safety regulations raises costs, supply uncertainty for truckers and shippers.    Truckload capacity in the United States is at equilibrium, but it’s usually not difficult for shippers to find a carrier to move their goods. The market could quickly change, though, if the economy picks up closer to 3 percent average annual growth […]

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Chris Dupin Wednesday, November 20, 2013

Saying ‘yes’

ACL’s added capacity will allow it to increase shipper cargo allocations.    Andy Abbott, president and chief executive officer of Atlantic Container Line, said he’s looking forward to being able to say “yes” to shippers who want to book more cargo.    The transatlantic carrier’s capacity will grow markedly when it takes delivery of five new […]

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Chris Dupin Wednesday, November 20, 2013

LNG ready

   Shippers “call the shots” as to where container carriers send their ships, said Anil Vitarana, president of United Arab Agencies, the agent for United Arab Shipping Co. (UASC) in the United States.    But carriers also depend on ports to have the proper infrastructure, he noted during a panel discussion at Port Industry Day […]

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FreightWaves Staff Wednesday, November 20, 2013

Air transport to Canada drops off

   For U.S. exporters moving goods to Canada by air transport, rates have been fairly consistent for 2013, but demand for air services has dropped off.    According to Purolator International President John Costanzo, shippers who had traditionally put their goods on flights are now asking for a mixed solution that puts most of their […]

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FreightWaves Staff Wednesday, November 20, 2013

Air cargo hopes for takeoff

American shippers ride higher on lower export rates, capacity bumps in key markets.    While the current export market for U.S. air freight is stable and prices have even increased, albeit narrowly, in September and October, shippers are liable to see rates decline for the rest of the year and into the spring of 2014. […]

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FreightWaves Staff Wednesday, November 20, 2013

Air cargo hopes for takeoff

   The International Air Transport Association anticipates that airlines globally will transport 51.8 million tons in 2013, a small jump after two years of stagnation at 51.4 million tons in 2011 and 2012. Despite these lackluster numbers, Des Vertannes, IATA’s global head of cargo, sees a major turnaround for air freight in the coming years. […]

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FreightWaves Staff Wednesday, November 20, 2013

Forwarder sees New Age value

A.J. Worldwide picks logistics solution based on dashboards.    Small freight forwarders wrestle all the time with a basic question: Is my technology allowing me to win and retain customers?    Secondarily, they ask: Is the technology allowing internal efficiency to occur?    As the role of third party logistics providers has evolved in the last […]

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FreightWaves Staff Wednesday, November 20, 2013

C-SPAN visits Va. port

   C-SPAN’s “Washington Journal” left its Washington studio in August to broadcast an interesting program from the Port of Virginia. Over the course of three hours, the program hosted Reps. Scott Rigell, a Virginia Beach Republican, and Bobby Scott, a Democrat who represents Norfolk, as well as Virginia Port Authority Interim CEO Rodney Oliver and […]

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FreightWaves Staff Wednesday, November 20, 2013

Take a number, Gil

   U.S. Customs and Border Protection has been without a permanent, confirmed commissioner for almost five years. It’s been almost two years since the recess appointment of Alan Bersin expired.    President Obama in August nominated drug control coordinator Gil Kerlikowski to head the agency. But don’t expect him to step into office any time […]

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