The Manila-based global terminal operator ICTSI said Thursday it had operating profit of $225.8 million through the first three quarters of 2012, a 5 percent increase over the same period in 2011. Revenue rose 7 percent to $524.7 million. Net income was up 4 percent year-on-year to $105.8 million. Container volume at ICTSI-operated […]
The liner carrier CMA CGM on Thursday unveiled its largest ever ship, the 16,000-TEU CMA CGM Marco Polo. The U.K.-flagged ship is 396 meters long, 54 meters wide, with a draft of 16 meters, and is the first in a series of three 16,000-TEU vessels, all to be named after great explorers. The […]
International shipping, logistics and marine services provider GAC Group has appointed Bengt Ekstrand as its new group president, effective in January. Ekstrand takes over for Capt. Lars Säfverström, who has held the position since July 1998. Ekstrand is currently group vice president of GAC’s Asia-Pacific region and was previously the head of the […]
The Anchorage Economic Development Corp. (AEDC) has promoted Jon Bittner to vice president. In his new position at AEDC, Bittner will be responsible for day-to-day operations of the organization as well as developing new projects and initiatives to drive the organization forward. Since joining AEDC in 2011, he has developed national and international […]
Mississippi’s governor says he wants to speed up development of the Port of Gulfport. The Sun Herald newspaper, reporting on a meeting it had with Gov. Phil Bryant Wednesday, said “he wants quicker action on issues stalling development at the Port of Gulfport so the project moves forward and produces 1,200 new jobs in […]
Supply chain management services firm Ameriquest has appointed Kate Freer to vice president of marketing for business services. Since joining AmeriQuest in 2004, Freer has led the marketing and communications strategies for AmeriQuest Business Services and its subsidiary companies, including the most recent acquisitions of COR360 and CURE Leasing & Maintenance. Prior […]
The classification society Bureau Veritas has named Philippe Donche-Gay executive vice president in charge of the marine and offshore division, merging the two units. The change follows the retirement of Bernard Anne as executive vice president and managing director of the marine division.
Kenco, a Chattanooga, Tenn.-based provider of distribution, transportation and supply chain services, named Steve Perry vice president of human resources for Kenco Management Services. “His skills and experience include building advocacy, business development, change management, labor relations, leadership development, and mergers and acquisitions,” said Scott Mayfield, president of Kenco Management Services. Perry […]
Growing losses at the airline’s cargo division in the first half of the fiscal year contributed to lower operating profits and a 30 percent decline in net profit for the parent company.
The liner carrier Mediterranean Shipping Co. said Wednesday it plans to hike Asia-Europe rates from mid-December. The increase, $600 per TEU, applies to cargo from China, Hong Kong, Taiwan, Japan, Korea, Vietnam, Singapore, Malaysia, Thailand, Indonesia, and Bangladesh destined for ports in Northern Europe, the Mediterranean (including north Africa), and the Black Sea. […]
Beverly Fedorko, a spokesperson for the New York Shipping Association, said longshoremen were eager to return to work and “anxious to get the port back and running and get that feeling of contributing to the well-being of the region.”
ECS Group, a general sales and services agent based in Paris, has acquired three companies in Italy founded by Glauco Martinelli, including Air Transport Consultants Spa (ATC), Airfreight and Data Processing Srl (ADP), and Airline Logistics Srl (AirLog).
A leader of the Virginia Maritime Association and Virginia’s transportation secretary have engaged in a very public debate about the financial health of the Hampton Roads ports. In an article published over the weekend, the Virginian Pilot newspaper said the exchange of letters between Arthur W. Moye Jr., executive vice president and secretary […]
PayCargo will provide ASCI clients with payment processing services integrated directly into ASCI’s accounting module to offer payment processing capabilities not currently available within ASCI’s suite.
Ti Business Development Director Mike Nordmann, a veteran of the African logistics market, said investors and logistics companies will have to adopt a more positive approach if they wish to exploit the region’s opportunities.
The bank has extended provisions to help exporters and financial institutions located in those portions of the Mid-Atlantic and Northeast that have been declared federal disaster areas due to the impact of Hurricane Sandy.
The DOT agency on Monday said it’s leading an Interstate Petroleum Transport Team to ensure the quickest and most efficient movement of fuel to the region devastated by Hurricane Sandy.
The CKYH Green Alliance said Tuesday it will cancel seven Asia-Mediterranean sailings during the winter to better align supply with slowing demand during the period. The dropped sailings will come between November and mid-January.
Expeditors International of Washington said it had a profit attributable to shareholders of $88.5 million for the third quarter of 2012, compared with $106.6 million for the same quarter last year, a decrease of 17 percent. Net revenue for the third quarter of 2012 was $465 million, 6 percent less than the $494 […]
The South Carolina Supreme Court has ruled that a state agency violated the law when it negotiated an agreement before issuing a key permit needed to deepen the Savannah River. The Supreme Court’s decision last Friday comes just one week after Jo-Ellen Darcy, head of the Army Corps of Engineers’ civil works programs, […]
