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 […]
Maersk Line said this week it plans to hike export rates from the U.S. East Coast to Oceania in early November. The increase is $175 per 20-foot container and $350 per 40-foot or 40-foot high-cube container as of Nov. 5. It applies to shipments to Australia and New Zealand.
FedEx Corp. announced Tuesday evening programs that it expects will improve annual profits by $1.7 billion during the next three years, with a significant portion of the benefits achieved by fiscal 2015. The company had net income of $2 billion, and operating income of $3.2 billion on revenue of $42.7 billion in its […]
RedLine Solutions, a provider of fresh produce track and tracing technology, has launched a new Website (https://www.redlineforproduce.com), which features a blog by RedLine’s leadership, education Webcasts, how-to videos, and information on Produce Traceability Initiative (PTI) solutions offered by the firm. “Our new Website is extremely user friendly and packed with information,” said Todd […]
Hyundai Merchant Marine said Tuesday it plans to hike rates on Canadian exports to Asia from Dec. 1. The increases, $160 per 20-foot container and $200 per 40-foot container, apply to cargo destined for Japan, China, Korea, Taiwan, Hong Kong, Malaysia, Philippines, Singapore, Thailand, Indonesia, Vietnam and Cambodia. “This general rate increase […]
The Panama Canal Authority said a record amount of shipping passed through the waterway during the fiscal year that ended Sept. 30. The canal uses an unsual measurement known as “Panama Canal tons” to measure volumes, but said ships with 333.7 million Panama Canal tons (PC/UMS) used the waterway, 3.6 percent more than 322.1 […]
Fabricius The global logistics and forwarding company Damco has appointed Pernille Fabricius as its global chief financial officer, effective Oct. 1. Fabricius previously served as CFO for the TMF Group, a financial, legal and human resources business process outsourcing company that does business in 75 countries. She was also in charge of operations of the […]
The bulk shipping trade association Intercargo has appointed John Platsidakis to chairman. Platsidakis is currently managing director of Piraeus-based Anangel Maritime Services, a position he will continue to maintain alongside his role as Intercargo chairman. The appointment was made at Intercargo’s Annual General Meeting in London on Tuesday. Intercargo represents more […]
