InterManager, an international trade association for in-house and third-party ship managers, has appointed Gerardo Borromeo to president. Borromeo, who was elected unopposed at Thursday’s InterManager meeting in Copenhagen, succeeds Alastair Evitt, managing director of Meridian Marine Management, who has completed his two-year term as president. Borromeo is vice chairman and chief executive […]
An item in Thursday’s AS Daily incorrectly reported the percentage to which FedEx’s profit expansion target is correlated to U.S. economic recovery. According to a note from the investment bank Stifel Nicolaus, 40 percent of FedEx’s increased profit goals by 2016 are tied to global economic growth.
Founded in 1959, UOS provides marine transportation services for dry bulk and break-bulk commodities in the United States. It operates the largest U.S.-flag Jones Act dry bulk fleet today (131,000 deadweight tons).
Just over one month after slowing to a seven-week rotation, ocean carrier Maersk Line has added an eighth vessel to its weekly Middle East-to-South Africa MESA service, further increasing roundtrip voyage time from 49 days to 56 days.
The amendments made by the liner carriers include deleting a call at Port of Kelang on their EUM/MED service to the Mediterranean and adding a call at Le Havre on their Loop 4 service to Northern Europe.
The International Chamber of Shipping (ICS), a shipowner group that says it represents over 80 percent of the world’s merchant fleet, has reiterated its opposition to proposals from the International Salvage Union (ISU) for a new separate award for environmental salvage in cases where salvors have carried out work when a ship or cargo […]
The U.S. Export-Import Bank has authorized a $117.5 million loan guarantee supporting exports of Boeing 737-800 planes to flydubai, a low-cost airline owned by the Dubai government. The bank is guaranteeing a 12-year loan from the Private Export Funding Corp. It is the bank’s first authorization supporting aircraft exports to flydubai. “This […]
Through their new multi-year agreement, both companies will supply and sub-lease containers to and from each other. Matson will also provide rail line-haul services, primarily on the CSX and BNSF railroads, to SynchroNet.
The Commerce Department on Wednesday announced its final determinations affirming Chinese-made solar cell imports are both dumped on the U.S. market and benefit from Chinese government subsidies. Dumping occurs when a foreign company sells a product in the United States at less than its fair value, while countervailable subsidies are financial assistance from foreign governments to […]
Industrial safety specialist Castell Interlocks has developed a data-gathering and analysis solution to maximize loading dock efficiency. Salvo DockMonitor integrates with the company’s Salvo Loading Dock Safety System to display live graphic information running on a PC interface for assessment of overall site performance and individual dock statistics. Castell said the system helps […]
Unisource Logistics Solutions, part of Norcross, Ga.-based Unisource Worldwide, has introduced a new ULS Freight App, now available for Apple and Android devices. The ULS Freight App provides Unisource customers with a mobile tool to handle their logistics requirements, including managing freight calculations and real-time estimates. “With the mobile app, they can […]
Agricultural Transportation Coalition (AgTC) members continue to have concerns about announcements made by many carriers in August and early September that they might impose $800 to $1,000 surcharges.
Pattullo took the reins at CEVA five years ago following Apollo’s buyout of the former Eagle Global Logistics, which was combined with its previous acquisition of TNT Logistics to form CEVA.
The company said its PacNet acquisition will give it “market leadership positions in retail and lifestyle sectors in Australia and further strengthen its position in air freight from China to Australia.”
Import cargo volume at the nation’s major retail container ports is expected to increase nearly 10 percent year-on-year in October as merchants wrap up the annual shipping cycle for holiday merchandise, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates. “NRF’s annual forecast says […]
The line had mostly pulled out of Iran’s main ports, such as Bandar Abbas, last year, but called at the North Iranian port of Bushehr on a feeder service.
Liner carriers will likely have to increase their strategic use of slow steaming and idling of ships to overcome supply side pressures, a new report from Drewry Maritime Research suggests. Drewry’s annual Container Market Review and Forecast 2012/13 offers that the industry will remain in transition mode until at least 2014 and probably […]
Mediterranean Shipping Co. on Wednesday said it will hike European refrigerated container export rates to the Middle East and Asia in mid-January. The increases, $1,000 per 20-foot container and $1,500 per 40-foot container, are in line with increases proposed by MSC rival Maersk Line, which two weeks ago announced it was hiking reefer rates […]
