The price of a barrel of crude oil could drop as low as $80 by next summer, Stephen Schork, editor and publisher of the Schork Report, said Monday on Al Jazeera America‘s “Real Money” program. West Texas Intermediate oil futures traded at about $95 on Monday, down almost $20 since the beginning of […]
At this pace, President Barack Obama and Vice President Joe Biden should be eligible to become honorary port directors. On Friday, the Port of New Orleans served as the backdrop for the president’s speech about his economic agenda and the importance of exports as a means for creating jobs. It is the fifth port the two […]
New Zealand’s Ambassador to the United States, Mike Moore, met with officials from Holt Logistics, the Philadelphia Regional Port Authority and New Zealand Dairy Cooperative Fonterra while touring the Packer Avenue Marine Terminal in Philadelphia on Friday, according to Holt. Philadelphia is a primary import destination for New Zealand products, including dairy, apples, kiwi and forestry […]
Hanjin Shipping said Young Min Kim, president and chief executive officer, resigned “to take responsibility for the company’s continuing losses and delay on financial support from major creditor banks.”
The Canadian Industrial Transportation Association is changing its name to Freight Management Association of Canada/Association canadienne de gestion du fret. Robert Ballantyne, president of the group, said the change is being made to better reflect the group’s membership and is part of a drive to increase membership. The group has about 100 […]
The Russian merchant fleet welcomed its first very large crude carrier (VLCC) during a naming ceremony last Thursday at the Bohai Shipbuilding Heavy Industry shipyard in China. The 320,000-deadweight-ton tanker, named Svet, is the first in a series of vessels of this type ordered by SCF Group (Sovcomflot) for transporting large quantities of […]
The company finished the third quarter with revenues of $623.4 million, finishing up 7.9 percent compared to the third quarter of 2012. Net income rose from $6.5 million in the third quarter of 2012 to $14 million.
Under the program, ocean carriers will earn $5 per TEU for each incremental container shipped through the port in 2014. The rate jumps to $15 per TEU if a carrier’s container volume grows by 100,000 or more units during the year.
Since 2005, plant cargo into Atlanta has increased from fewer than 4 million plant imports to more than 200 million plants, according to officials. Atlanta is also the second-busiest point of entry for flowers.
The container terminal operator International Container Terminal Services, Inc., (ICTSI) said Monday that its operating profits through the first three quarters of 2013 rose 26 percent year-over-year to $285.5 million. Revenue during the period rose 19 percent to $624.7 million. Volume handled at ICTSI terminals rose 13 percent to 4.6 million TEUs. […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alpha Global Enterprise, Valley Stream, N.Y. (Philip Lam, operating manager); Marine Express, Mayaguez, Puerto Rico (Maribel M. Rivera, vice president); Seagull Logistics, Charlotte, N.C. (Inderjeet K. Harisinghani, president); […]
FMC reviews 34 OTI license applications
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from JZ Cargo Logistics Corp., Pembroke Pines, Fla. (Joan S. Ziade, president); Malecon Shipping, Bronx, N.Y. (Arisleyda Polanco, president); Metro Box Cargo, Hayward, Calif. (Ammabelle P. Bote, member); Overland […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
Trade was among the areas directly affected by the shutdown, in part because import and export licenses and applications could not be processed.
The National Freight Advisory Committee will hold its second public meeting Nov. 21 in Washington, D.C., according to a Nov. 8 notice in the Federal Register.
APL Turquoise, a ship deployed on APL’s Asia-Australia Express (AAX) service that connects Singapore, Port Kelang, Malaysia, and various ports in Australia was unable to offload cargo in Fremantle because of a dispute about labor rules. The ship berthed at the port of Fremantle on the morning of Oct 29. APL said […]
“North Europe Global Port Tracker” projects a recovery in container cargo volumes next year, just as significant numbers of ultralarge containerships are being delivered.
