While the ports of Philadelphia, Baltimore and Norfolk said operations were returning to normal following Hurricane Sandy, it appeared many facilities in the Port of New York and New Jersey will be closed at least through the weekend.
For the year, the Chilean liner is still in the red, with a $244.6 million operating loss through three quarters, but that loss is a 74.2 percent reduction year-on-year. Revenue also fell 30.5 percent for the carrier.
The rival supply chain software providers RedPrairie and JDA Software said Thursday they will merge in a $1.9 billion deal that will create a combined entity with annual revenue of more than $1 billion. Rumors that JDA was shopping itself surfaced earlier this week, with privately-held RedPrairie eventually emerging as the buyer. […]
The offer period is further extended until one week after clearances from the European Commission and the Chinese Ministry of Commerce (MOFCOM) have been obtained, but under no circumstances later than Feb. 28, 2013.
“Central to our concerns with EU biotech labeling and renewable energy regulations is the fact that they represent discriminatory non-tariff barriers to U.S. access to EU markets for soybeans and soybean products,” the American Soybean Association said.
Radiant Logistics of Bellevue, Wash., said it has completed the acquisition of assets of its operating partner Marvir Logistics, a privately held company based in Los Angeles that has operated under Radiant’s Airgroup brand since 2006. Radiant said it structured the transaction similar to its previous acquisitions with a portion of the expected […]
Kerry Asia Road Transport (KART) has started a twice-weekly less-than-truckload service connecting Shenzhen and Hanoi, through its ASEAN-China road network. The LTL service will initially connect the industrial cities in southern China and northern Vietnam, providing shippers and logistics services providers with a fixed-day dedicated service. Kerry plans to expand the service to other […]
Damco, the freight forwarding arm of A.P. Moller-Maersk, has appointed Ivan Thuynsma to global head of its mining vertical. He will be responsible for the development of Damco’s customers in the mining industry. Damco has over the last few years seen an increased interest in its products and services around the mining […]
TITAN Salvage, a unit of Crowley Maritime Corp., early this month completed the removal of a grounded containership from the northern coast of Cuba and towed it to the Port of Havana, the company said. It was the first job for Crowley’s tugboat Ocean Wave, the first of four new ocean-going tugs ordered by […]
Container lines of the Transpacific Stabilization Agreement have recommended a rate increase from Dec. 1, ahead of a previously announced increase on rates for new contracts negotiated now through May.
Collectively, the three lines (MOL, NYK Line and “K” Line) made around $20 million in the period from April 1 through Sept. 30 this year, although that number was somewhat dragged down by MOL’s $33.3 million operating loss on the liner side.
Carrier on-time and container delivery performance both improved in September, according to the latest figures from SeaIntel Maritime Analysis. Liner schedule reliability improved to 83 percent last month.
The crew of the Coast Guard cutter Decisive rescued a four-man crew from an overdue 87-foot coastal freighter, Two Brothers, over the weekend after the vessel became disabled and adrift following a fire during its transit from the islands of Aruba to Tortola, British Virgin Islands. The Coast Guard was assisted by a Customs and Border […]
Port authorities across the U.S. eastern seaboard continue to take stock of their facilities in the aftermath of Hurricane Sandy. The Port Authority of New York and New Jersey said there was no electrical power at the port and “no time frame for repair.” A memorandum from Richard M. Larrabee, director of the Port […]
The liner carrier Hapag-Lloyd said this week that an Asia-Black Sea service on which it is a partner will skip a sailing in late November. The ABX service, operated jointly the New World and Grand alliances, has a rotation of Ningbo, Shanghai, Shekou, Hong Kong, Singapore, Port Said, Ashdod, Istanbul, Constanza, Odessa, Istanbul, […]
Horizon Lines reported a profit of $1.4 million in the third quarter ending Sept. 23, compared to a $111.7 million loss in the same 2011 period. Revenue was $279.6 million for the third quarter this year, compared to $267.6 million in the same 2011 period. Results, the company noted, were presented on a […]
The logistics technology provider CargoWise said Tuesday that CMA CGM Logistics will use a hosted version of its ediEnterprise product to support the logistics services provider’s U.S. operations. CMA CGM Logistics Managing Director Simon Preisler said the ediEnterprise operating system was chosen because of its flexibility, cost-effectiveness, and capacity to support global growth. “We are […]
The ship lessor Seaspan Corp. said Tuesday it had a profit of $17.8 million in the third quarter ending Sept. 30, compared to a loss of $122.6 million in the same 2011 period. The company had revenue of $168.7 million in the third quarter, compared to $154.8 million in the same 2011 period. […]
Fednav Ltd. signed a long-term contract to transport nickel and copper concentrates from Canadian Royalties’ Nunavik Nickel Project in northern Quebec to customers in Europe, as well as handle the import of mine supplies and equipment from Europe. To service the contract, Fednav placed an order with Sumitomo Corp. and Universal Shipbuilding in […]
