A fact-finding mission this week to Panama by representatives of the Terrebonne Parish Economic Development Authority (TEDA) and the Port of Terrebonne in Louisiana has port officials considering the prospects of exporting liquefied natural gas. “In the process, we identified a huge opportunity in the exportation of liquefied natural gas (LNG),” said TEDA […]
Virgin Atlantic has added an Airbus A340-600 flight between London and Johannesburg, increasing cargo capacity during South Africa’s peak season. The additional plane is expected to remain on the route through the end of the 2013-2014 season. Exports to Johannesburg have been a bright spot in a quiet cargo year, said Nick […]
The Government Accountability Office Wednesday released a report on shipping between Puerto Rico and the United States and possible modification of the Jones Act requirement that vessels participating in the trade be registered in the United States, crewed by U.S. citizens, and built in a U.S. shipyard. The report was prepared at the request […]
In an interview with American Shipper, Zim CEO Rafi Danieli said the creditors had gained trust in Zim due to its cost-cutting endeavors. He also said they looked favorably upon the decision to cancel the five-ship order.
“We’re in the first federal budget cycle since the project has been approved, and we’re eagerly anticipating and waiting the release of the president’s budget,” Curtis Foltz, GPA’s head, said during the Georgia Logistics Summit.
The American Logistics Aid Network (ALAN) said last October’s Superstorm Sandy, which ravaged the U.S. Northeast, has shown the network’s strength, as well a highlighted areas for improvement. “A particular strength of ALAN’s network is that its members tend to be problem solvers,” said ALAN President Jock Menzies, in a statement. “Supply chain […]
CenterPoint Properties broke ground this week on a new ACE Hardware distribution center at Wilmer, Texas. The 450,000-square-foot facility will be situated on 31.3 acres within the 59.9-acre Sunridge Business Park. The facility will be leased by ACE for 10 years, and is located about 10 miles outside Dallas, along the LBJ […]
Due to lackluster numbers for its fiscal third quarter, magnified by air freight overcapacity and a modal shift away from air cargo, FedEx Express will lower capacity on its Asian routes starting April 1.
The economic relationship between the United States and European Union is already the world’s largest, accounting for one third of total goods and services trade and nearly half of global economic output.
Some members of the European Parliament see commercial concerns outweighing safe working conditions in the European Aviation Safety Agency’s proposed rules on flight and duty time limitations and rest requirements and have left open the door for a veto of the program. The Parliament recently asked European Commission Aviation Director Matthew Baldwin for […]
U.S. Commerce Department officials said progress was made to strengthen the economic relationship between the United States and Brazil, following the eighth meeting of the U.S.-Brazil CEO Forum, which took place in Brasilia this week. “It is clear that both the Obama and Rousseff administrations recognize that our two countries must continue to […]
Chinese liner carrier COSCO has announced a general rate increase of $475 per TEU for all shipments from Far East (excluding Japan) and the India and Pakistan region to Northwest Europe and the Mediterranean (including Israel, Lebanon, Syria, North Africa and West Africa Region), effective April 15. COSCO also said it will increase rates on April 15 […]
DHL Global Forwarding has unveiled its Double Decker solution, which allows users to stack freight inside standard 40-foot containers, leading to improved efficiency and less cargo damage. The program is currently available on DHL-owned containers through Danmar Lines on routes from Hong Kong to Germany and to Shanghai and the United States. Double Decker […]
At the end of last month, Ryder System surpassed its goal of hiring 1,000 veterans by the end of the year, a pledge made in November 2011 as part of the federal government’s Hiring Our Heroes program. Ten percent of Ryder’s workforce now consists of veterans. The veterans now working at Ryder serve as […]
UPS has appointed Cindy Miller to president of UPS Europe and Derek Woodward as president of emerging markets, effective April 30. Miller, currently president of UPS U.K., Ireland and Nordics, was promoted to succeed Jim Barber who was appointed president of UPS International. Miller is a UPS veteran of 24 years and has […]
The Government Accountability Office Wednesday released a report on shipping between Puerto Rico and the United States and possible modification of the Jones Act requirement that vessels participating in the trade be registered in the United States, crewed by U.S. citizens, and built in a U.S. shipyard. The report, prepared at the request of […]
The French liner company is anticipating similar profitability despite a poor economy in Europe and supply-demand equilibrium, which CFO Michel Sirat said is still “a bit shaky” for the container shipping industry.
“Halifax has been targeting this type of Asian service as part of our container growth strategy. This service plays to our port’s strengths including transit time advantages via the Suez Canal,” said Port President and CEO Karen Oldfield.
The terminal operator said higher revenue was “driven by strong growth in the Middle East, Europe and Africa region representing our ability to improve revenue from both our container and non-container operations.”
With an eye to recent political upheaval in Egypt, the latest edition of Drewry’s Container Insight Weekly contains a detailed analysis of what might happen to the container shipping industry if the Suez Canal closed. “If the Suez Canal were to be suddenly closed tomorrow, container vessel schedules between Asia and Europe would […]
