“2013 has been a significant year for Safmarine MPV which started with the AP Moller-Maersk Group’s decision to establish the Safmarine MPV business as a separate and independent business unit within the group,” a company executive said.
Facing pressure by the European Union, which had developed and implemented its own emissions-capping plan for the airline industry, ICAO members hammered out a deal that would seemingly placate EU officials.
The logistics software provider CargoWise said Friday it has tied up a global partnership with the Hong Kong-based network of independent freight forwarders Combined Logistics Networks (CLN). The deal will allow CLN’s 300 worldwide members to use CargoWise’s cloud-based enterprise logistics software, ediEnterprise. “We decided to partner with CargoWise due to its […]
Money spent on domestic freight shipments rose 5.2 percent from August to September, the largest increase since March, as shipment volume rose 2.7 percent, month-over-month, according to Cass Information Systems.
The shutdown of many U.S. government services because of the budget impasse in Congress is beginning to be felt in the trade sector. The United States will not send a delegation this week to Brussels for the planned second round of negotiations with the European Union on a transatlantic trade agreement because of furloughs […]
DSV Air & Sea has unveiled a time-definite service in the United Kingdom targeted at perishables and has appointed George Mead, a 25-year industry veteran, to head up the new program. DSV Fresh includes enhanced visibility and monitoring throughout the supply chain. “Globally, DSV has great experience in temperature-controlled air and sea freight […]
Japan Airlines has signed an order agreement for 31 Airbus 350 XWB aircraft, a deal reportedly worth $9.5 billion. The agreement, Japan’s first ever with Airbus, calls for delivery of the planes starting in 2019. The planes will gradually replace some of Japan’s aging fleet. The launch customer for the A350, Qatar […]
DNV-GL, the classification society formed last month through the merger of Det Norske Veritas and Germanischer Lloyd, said its FutureShip has collaborated with Hyundai Heavy Industry to optimize the design of new ships being built for United Arab Shipping Co. (UASC). UASC has ordered five 14,000-TEU ships with six options and five 18,000-TEU ships […]
Products subject to export control licensing and development of CBP’s new automated system for processing imports and exports are among the casualties of the U.S. government’s partial shutdown caused by congressional stalemate.
“After 42 years of dedicated service to the maritime industry here in San Pedro Bay, I have decided to retire as executive director of the Port of Los Angeles and pursue other interests,” said Geraldine Knatz in a statement.
Accenture on Thursday acquired the outsourced procurement services provider Procurian in a $375 million deal that looks set to shake up the business process outsourcing (BPO) market for procurement. Procurian provides procurement technology and consulting services (including transportation and logistics) to a range of verticals, and is seen by most analysts as the […]
Assembled parties have been debating the issue during the event, which ends Friday, weighing the options on the table and formulating a sufficient policy to satisfy EU regulators, who tried to address the issue with an emissions-trading scheme.
A team of shipping, offshore and finance professionals have announced plans to establish Maritime & Merchant Bank (M&M), a niche financial institution, based in Norway, that will serve the shipping and offshore industries.
U.S. carriers will benefit down the road from the sale of Vitran’s domestic less-than-trailerload services, according to an industry update by Cowen and Co. Vitran sold its U.S. business last month to an entity controlled by Matthew Moroun for $2 million. Industry watchers have already opined that Vitran’s Canadian LTL business could be next. […]
Panalpina is realigning its regional hierarchy, adding a fourth region in January and announcing the appointment of a chief commercial officer, Karl Weyeneth. The new MEAC region will consist of the Middle East, Africa and India, which until now, had been part of the European region. “On the one hand this will […]
Menlo Worldwide Logistics has opened a 1,692-square-meter warehouse in Brisbane, Australia, and promoted Greg Brown to manager of operations for Australia. The operation will provide warehousing, supply chain engineering, transportation management to B2B (business-to-business) retail customers at the facility. “The opening of this multi-client facility is a direct result of our growth in the South Asia […]
The Chilean carrier said an agreement with six banks will finance 60 percent of the cost for seven 9,300-TEU ships and the other 40 percent will come from a capital increase of $330 million carried out by the company last month.
The effect of the partial federal government shutdown is having an impact on businesses as many of the behind-the-scenes functions deemed “non-essential,” but critical to commercial transactions, have ceased.
A program to allow cold-treated blueberries and grapes from Peru and Uruguay to be directly imported to South Florida began Oct. 1 and area ports and businesses say it could be expanded to cover fruits from other countries.
National Shipping of America, which in May started a fortnightly service between Houston and Puerto Rico, said it will add a southbound call to the Florida port, enabling it to offer fast transit from the mainland to the Caribbean island.
