Capital Product Partners L.P., an Athens-based company whose securities are listed on NASDAQ, said it had acquired three 5,023-TEU containerships — the CCNI Angol, Hyundai Privilege and Hyundai Platinum — from its sponsor, Capital Maritime & Trading Corp., for an aggregate price of $195 million. Each of the three ships was built in […]
As much as 1,400 tons of molasses, or about 233,000 gallons of the liquid, may have entered the Honolulu Harbor, triggering a massive fishkill. Matson located a leak in their molasses pipeline near Pier 52 and patched it.
The FAA has also awarded the center a $40 million grant, which will be paid out annually over the 10-year life of the program. Additional funding will come from academia and the airline industry.
Linehaul rates rose by 1.5 percent in August compared to the same period last year, and total intermodal costs increased by 0.8 percent, according to Cass Information Systems. The Federal Motor Carrier Safety Administration’s hours of service rule changes have had no affect, as of yet, on the rates, Avondale Partners, which provides […]
CSX said Thursday it has designated the Mid-Atlantic Industrial Rail Park in Brunswick County, N.C., as a Select Site, meaning the railroad has addressed permits, utility access and other standard land issues in advance to make it fast and simple for manufacturers to locate operations on the property. The Mid-Atlantic Industrial Rail Park is a large property […]
The official steel cutting ceremony for the fourth generation or “G4” ships took place this week at the Hudong Zhonghua Shipbuilding’s new shipyard on Chungxing Island near Shanghai. The five ships are scheduled for delivery in 2015.
Fueled by upticks in intermodal and inland water shipments, the amount of freight carried domestically inched up 0.3 percent in July when compared to June’s result, according to the U.S. Bureau of Transportation Statistics. The increase in July follows a 0.1-percent fall from May to June, which is only the second period of negative […]
The Bremen, Germany-based forwarding company Röhlig has acquired 100 percent of its longstanding agent Procargo in South America. “South America is one of the major growth regions in the world. We believe that by acquiring 100 per cent of our local partner we have gained a strong position in the market,” said Thomas Hansen, […]
Cheng Hongjun, China’s deputy director general for supervision of animal and plant quarantine, said fumigation proved effective in removing pests from hardwood, but the risk of softwood lumber carrying nematodes remained high.
The bipartisan leadership of the U.S. House Transportation and Infrastructure Committee on Wednesday presented a bill to support investment in water infrastructure, such as ports and inland waterways, and reform how the Army Corps of Engineers conducts feasibility studies and makes project recommendations to Congress. Congress has not updated the Water Resources Development Act since 2007, which means […]
Saudia Cargo is pushing more capacity into its network, adding two new freighter flights per week between Nairobi and Amsterdam, and one additional flight per week on services from Brussels to Guangzhou and Dhanka. The carrier is also adding two weekly flights from Manston, Kent, and is beefing up routes from other European […]
DHL Global Forwarding on Thursday released a updated version of its Web-based platform, DHL Interactive (DHLi). Improvements include increased information transparency and a new design layout intended to improve ease of use. Users can book shipments at dhli.dhl.com and also request documents, such as certificates of origin, consular invoices and letters of […]
As part of its investigation into the Montreal, Maine & Atlantic Railway crude oil accident in Quebec on July 6, Canada’s Transportation Safety Board has asked Canadian and U.S. authorities to clarify how dangerous goods are classified.
The survey, to be open for two months starting from late September, gauges the views of logistics operators express in developing and developed countries. Results will feed into the 2014 Logistics Performance Index.
With the expansion of the Panama Canal, COSCO Container Lines, part of the CKYH Alliance, is exploring adding more services in the Gulf of Mexico and a new services to South America, said Howard Finkel, the carrier’s executive vice president.
The International Longshoremen’s Association will remain an affiliate of the AFL-CIO, and the dockworkers’ union president, Harold J. Daggett, will join four new vice presidents on the federation’s executive council.
“Many, although not all, of the carriers with worse fuel efficiency than the industry average were, or subsequently have been, the subject of merger activity,” the U.S. Domestic Airline Fuel Efficiency Ranking 2010 report said.
Fuel prices stayed basically flat during the first week of September when compared to the last week of August, but spot market rates, for the most part, were higher, according to DAT. Refrigerated rates rose 4.7 percent compared to the previous week, but had averaged out to a 2.3 percent drop from July […]
The Union Customs Code is a framework that provides new rules and procedures and firms up Customs practices that had initially been implemented on a case-by-case basis. It now awaits adoption by the European Council.
The Trade Benefits America coalition has written the leadership of the Senate Finance and House Ways and Means committees seeking passage this year of Trade Promotion Authority, which would give the president fast-track ability to negotiate free trade agreements and require Congress to make a ratification vote on the whole plan without amendment. […]
