Ocean carrier Hanjin Shipping said it will increase Asia-Europe freight rates on Dec. 16 “to cover the losses caused by the falling freight rates and maintain the quality of its services.” The increase of $600 per 20-foot container and $1,200 per 40-foot box covers cargo moving from the Far East, Southeast Asia, Middle East and Indian subcontinent […]
APL said it plans to hike refrigerated container rates globally by $1,500 on Jan. 7. “Rates are currently at unsustainable levels, and we face the challenge of escalating operational costs, which show no signs of abating,” the Singapore-based carrier said. APL’s action follows similar decisions to hike reefer rates by other carriers, including Maersk.
Liner carrier Mediterranean Shipping Co. has introduced a new port call in Melilla, Spain, an enclave located on the north coast of Morocco. The port is served with a feeder from Valencia. Transit time from Felixstowe, for example, to Melilla is 14 days. – Chris Dupin
Shipping parcels and freight will be more expensive next year for UPS customers. UPS on Friday said rates next year will increase 4.5 percent for all Air and U.S. origin international services and 4.9 percent on UPS Ground services. The rates reflect the net average after a reduction in fuel surcharges. […]
Avianca Airlines, Colombia’s flagship airline, has ordered three Boeing 787 Dreamliners, valued at $620 million. The order brings Avianca’s total 787 order count to 15 Dreamliners, which includes the 12 787s ordered in 2007. The total order value stands at more than $3.1 billion. “Adding more 787s to our order aligns well […]
Dallas-based Worldwide Express has appointed Amy Milligan to vice president of marketing and business analytics. She was formerly director of account management and operations at Covalent Media Lab. “Her background, experience and expertise will most certainly help us assist our more than 150 franchises and hundreds of field sales personnel through the […]
The World Trade Organization this week launched a new online tool that allows shippers to access aggregated data on merchandise and commercial services trade as well as selected market access indicators. The tool includes four dashboards: • The Trade Dashboard reveals the leading traders by commodity group, sector and year. Data can […]
The Society of International Gas Tanker and Terminal Operators (SIGTTO) has appointed Capt. Andrew Clifton to general manager. Established in 1979, SIGTTO promotes industry best practices and safety standards in the storage, handling and ocean transport of liquefied gases. Clifton succeeds Bill Wayne who served as SIGTTO general manager for the past five and […]
Yusen Logistics has installed its largest solar power generation system at its warehouse facility in Port Murray, N.J. The solar system is comprised of 6,246 panels covering a 14,700-square-foot plot next to the warehouse. The 500-kilowatt system is expected to generate about 650,000 kilowatt hours of electricity per year, and will help power the warehouse. […]
The on-demand supply chain management software developer SPS Commerce said Monday that it has appointed Brad Cleveland to its board, effective immediately. Since November 2001, Cleveland has also served as a member of the board and president and chief executive officer of Proto Labs, an online and technology-enabled quick-turn manufacturer of custom parts […]
Tensions between dock labor unions and their employers on both the U.S. West and East coasts have heightened as disagreements on contract demands on both sides of the bargaining table continue to divide. Talks between the Los Angeles/Long Beach Harbor Employers Association, a group representing 14 steamship lines and terminals, and clerical workers represented by the […]
Nils Andersen, CEO of the A.P. Moller-Maersk Group, told the Financial Times that the company will invest more heavily in its oil, drilling, and ports businesses, and not as much in its container business Maersk Line.
The union’s president has broken weeks of silence during contract negotiations to state that employers “want to grab more money away from the ILA and its members by placing a cap on container royalty.”
Container line members of the Transpacific Stabilization Agreement said Friday they plan to postpone a previously announced recommended rate hike on the eastbound transpacific trade from Dec. 1 to Dec. 15. “The postponement reconciles varying effective dates adopted on a voluntary basis by individual carriers to avoid confusion in the market, and more […]
The ocean carriers Maersk Line and CMA CGM have added a new westbound port call at Beirut, Lebanon, and a tenth vessel to a weekly Asia-Mediterranean joint service dubbed AE12 by Maersk and Phoenician Express (BEX2) by CMA CGM. Roundtrip voyage time on the AE12 has increased from 63 days to 70 days. […]
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, said it had a profit of $1.6 million for the third quarter of 2012, compared to $2.7 million for the same period of 2011. Time charter revenues were $14.6 million for the third quarter of 2012, compared to $9.7 million […]
The European Shippers Council (ESC) expressed concern Monday about potential harm to several industries from new limits on the sulfur content of fuel used by ships in the Baltic and North seas and English Channel.
The St. Lawrence Seaway reported total cargo shipments in October of 4.4 million metric tons, a 9.8 percent increase over the same month last year. For the period March 22 to Oct. 31, year-to-date total cargo shipments were 29.5 million metric tons, a rise of 1.4 percent over the same period in 2011. […]
The large, automatic spending cuts scheduled to kick in the first week of January if Congress and the Obama administration don’t reach agreement on an alternative budget-reduction plan will have a significant impact on programs critical to goods movement and has shippers worried about their business operations. U.S. Customs and Border Protection, for example, faces […]
The U.S. House on Friday approved the 2012 Russia and Moldova Jackson-Vanik Repeal Act legislation, which if approved by the Senate and signed by the president would establish permanent normal trade relations (PNTR) with Russia.
