The G6 Alliance, which announced earlier this year that it would expand beyond the Asia-Europe trade lane, has revealed port rotations for six services between East Asia and the U.S. East Coast, starting in May.
“K” Line has not yet decided if it will own the ships or charter them from another company. “There are several options but our basic idea is to create an off-balance-sheet scheme for these vessels,” a “K” Line spokesman said.
The Shanghai Container Freight Index (SCFI) for exports from China jumped sharply last week. The overall SCFI rose 13.1 percent to 1,231.31, while the index for cargo moving to Europe was up a whopping 42.4 percent to 1,423 and to the Mediterranean, 42.3 percent to 1,366. ACM/GFI’s Container weekly newsletter said the increase “reflected an […]
Cathay Pacific Airways and its subsidiary Dragonair carried 103,752 tons of mail in February, a 12 percent, year-over-year decline despite an 8.3-percent reduction in capacity. The load factor decreased to 61.1 percent, and revenue fell by 14.9 percent. James Woodrow, the carrier’s general manager for cargo sales and marketing, blamed the sluggish numbers […]
Building on the success of an ocean-import security pilot designed to increase trade efficiency, the United States and Canada on Thursday reached an agreement in principle to move ahead with a trial program for pre-inspecting U.S.-bound trucks in Canada instead of at the border. The U.S. Department of Homeland Security (DHS) and Canada’s […]
Maersk Line’s Triple-E container ships will star in their own television mini-series. The shipping company said the Discovery Channel will broadcast a six-part series on the construction of the ships at Daewoo’s DSME shipyard in South Korea. “Discovery Channel has exclusive access to document every stage of the build; from the design […]
Friday, March 15, marked the one-year anniversary of the entry into force of the U.S.-South Korea free trade agreement and, so far, the White House is pleased with the results. U.S. auto, chemical, services and ag exports make inroads.
Forever 21 has been ordered by a district court to comply with a subpoena issued by the U.S. Department of Labor’s Wage and Hour Division in August, demanding the retailer produce supply chain documents regarding garment shipping. The retailer had declined to follow the subpoena. The organization originally demanded the documents following a sweep […]
Commissioner William P. Doyle said the G6 Alliance will deploy more than 50 ships in the transpacific trade, with three strings through the Panama Canal and three through the Suez Canal, and is scheduled to begin operations in May.
The marine terminal operator will manage a dedicated facility created for the barge service that will haul export and import containers to and from the Port of Oakland, 75 miles away on the San Joaquin River.
Soren Skou, Maersk Line CEO, said if there’s insufficient demand by shippers for transport when its 18,000-TEU ships enter service later this year between Asia and Europe, the company will trim capacity.
The motor carrier sent the union a proposed set of network changes to optimize line-haul density, reduce shipment handling and improve service. YRC would like the improvements to start in May.
The Japanese government announced it intends to join the Trans-Pacific Partnership negotiations. The TPP is a free trade agreement currently under negotiation between 11 countries, including Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Trade groups welcomed the possibility of including Japan in the TPP. […]
The Southern California ports of Long Beach and Los Angeles reported strong growth in cargo volumes in February, but noted the sharp increase may be due in part to the timing of Chinese New Year which dampened volumes last February but led to a surge this year. The Port of Long Beach said its […]
An effort by the state of Delaware to attract private investment in the Port of Wilmington has stalled. In a letter to Alan Levin, director of the Delaware Economic Development Office and chairman of the Diamond State Port Corp., Texas-based Kinder Morgan said it’s “suspending our efforts to secure a long-term lease arrangement with […]
China Shipping Terminal has signed a memorandum of understanding with to purchase a 24-percent share of APM Terminals Zeebrugge. The transaction is scheduled to be finalized by the end of June 2013. APM Terminals currently holds a 75-percent majority share in APM Terminals Zeebrugge N.V., with the Shanghai International Port Group (SIPG) having […]
Miami, Chicago and Memphis are home to airports offering the best investment and leasing potential, according to Jones Lang LaSalle’s U.S. Airport Real Estate Index. Chicago and Miami, in particular, are rated well due to their status as international passenger gateways, and Memphis finished third on the list due to FedEx’s hub presence at […]
Evergreen Line will team up with Hanjin and Simatech to launch a new service linking the Indian Subcontinent, Persian Gulf and East Africa from late March. Four 2,500-2,800 TEU vessels will be deployed on the joint “IDEA” service. The first sailing is planned from Mundra (Northwest India) on March 26. The port rotation for the […]
Envirotainer has picked C.A.L Cargo Airlines as the first airline from Israel to earn its status as a qualified Envirotainer provider, signaling the airline has passed the requisite training to manage Envirotainer shipments. The airline, which is only the eighth carrier in the world to gain such a status, can now handled the […]
ModusLink is moving to a 15,200-square-meter distribution center in Venray, the Netherlands, that will employ between 350 and 500 people to replace its current location in Apeldoorn. The new facility will be up and running by July. Company officials were weighing different options for Europe, including opening a facility in the Czech Republic […]
