The U.S. Export-Import Bank has authorized more than $50 million to guarantee a loan extended by Apple Bank to Aeroservicios Especializados S.A. DE C.V. (ASESA) of Mexico that will finance the export of a fleet of Sikorsky S-76DTM helicopters to Mexico. The loan guarantee also formally inaugurates Ex-Im Bank’s Business Aircraft and Helicopter […]
Montreal-based supply chain consultancy KOM International Inc. has appointed Hector Orozco to partner responsible for the company’s Vancouver office. Orozco will develop KOM’s West Coast market. He is also the firm’s practice leader for KOMSystems. He joined KOM in 2007 and has more than 10 years of experience in supply chain, logistics, […]
The U.S. Export-Import Bank and Japan Bank for International Cooperation (JBIC) on Wednesday signed a co-financing agreement that will facilitate future export transactions involving companies in both the United States and Japan. The agreement enables Ex-Im Bank and JBIC to provide “one-stop-shop” export finance services to buyers in third countries purchasing both U.S. and […]
The country’s commerce minister on Sept. 3 asked the New Zealand Parliament Commerce Committee to consider proposals to transition international shipping to a normal competition regime governed by 1986 Commerce Act.
GT Nexus said the U.S. Shippers Association (USSA) will use its supply chain platform. USSA contracts for about 50,000 TEUs of ocean freight per year. Member companies include manufacturing industry leaders such as Air Products, Amcol International, Llyondell-Basell, FMC Corp., Guardian, Phibro, Rhodia, Sekisui, and Solvay. “Our members are all very large, […]
The increase, $1,500 per reefer container, follows one announced by Maersk Line in September. “Current levels of reefer rates are inadequate to offset the very high and increasing operating costs being incurred,” MSC said.
The carrier will build two new tankers at NASSCO’s shipyard in San Diego, but said it’s commitment to build the ships is contingent on approval of a $340 million Title XI loan guarantee from MarAd.
The Virginia Port Authority said Tuesday it has extended a contract with CSAV for five years, a deal which will guarantee the Chilean shippping line brings at least 45,000 TEUs to the port annually. The contract also guarantees that Virginia would get containers from any new CSAV service that calls the U.S. East Coast from South […]
The Port of Halifax and Canadian National have jointly appointed new commercial representatives in India, the port said Wednesday. The two operations named Ajay Kumar Singh as their representative in Mumbai, effective Oct. 1. Singh will help to market the Port of Halifax as a gateway to North America using CN’s rail network. “The […]
C.H. Robinson Worldwide said it had a profit of $116.3 million in the third quarter, 1.7 percent more than the $114.3 earned in the same 2011 period. Total revenues in the third quarter were $2.88 billion, up 6.9 percent from the $2.69 billion in the same 2011 period. Third quarter net revenues were $432.7 […]
Norfolk Southern reported a profit of $402 million in the third quarter, 27 percent less than the $554 million it earned in the third quarter of 2011. Railway operating revenues totaled $2.7 billion in the quarter, down 7 percent from the $2.9 billion in the third-quarter 2011. “Third-quarter results reflect weak market conditions, […]
Ship Finance International Ltd., a shipowning company that is affiliated with various companies controlled by the shipping magnate John Fredriksen, announced it has agreed to acquire two car carriers. The Japan-built vessels have a capacity of about 6,500 car equivalent units (CEUs) and were built in 2005 and 2006, respectively. Ship Finance said the vessels […]
Descartes Systems Group, a provider of on-demand and software-as-a-service logistics software, said Delta Mossel, one of the largest mussel and oyster suppliers in Europe, has automated its operations with a combined solution from Descartes and partner Schouw Informatisering. The new system allows Delta to keep pace with compliance requirements of its retail customers. […]
Third party logistics services provider Globe Express Services (Overseas Group) has appointed Michael C. Hughes to president, chief executive officer, and board member, effective Dec. 1. Current CEO Ziad Korban will remain an active board member and owner, the company said in a statement. GES said Hughes will work closely with the […]
The loop, which links the U.S. East Coast and Mediterranean ports, will have a rotation of Haifa, Piraeus, Genoa, Tarragona, Halifax, New York, Savannah, Kingston, Tarragona, Ashdod, and Haifa.
Crowley Maritime Corp. has appointed Steve Demeroutis to vice president of marine operations for its petroleum and chemical transportation group. Rudy Leming will assume Demeroutis’ former position as vice president of labor relations. Both Demeroutis and Leming will remain based in Jacksonville, Fla. Demeroutis joined Crowley in 2007 as director of labor […]
At the request of the United States, the World Trade Organization has established a dispute settlement panel to address China’s imposition of antidumping and countervailing duties on U.S. automobiles. The United States is challenging China’s imposition of duties allegedly because U.S. automobiles were subsidized and sold at less than fair value, or “dumped,” […]
BT Global Services has released new cloud-based capabilities for its BT Trace solution, which is designed to help companies manage their complex global supply chains. “Companies with a global supply chain deal with multiple issues, from counterfeiting and shrinkage to product recalls and perishable goods. This is typical for global companies active in […]
“Shippers are increasingly driving environmental improvement, not only through collaboration with partners in the supply chain, but through competition based on carriers’ environmental performance,” said GSF Secretary General Chris Welsh.
According to the USTR, the agreement will call on Panama to immediately reduce or eliminate tariffs on U.S. industrial goods, which currently average 7 percent, with some tariffs as high as 81 percent.
