The Danish carrier said Thursday it has permanently deleted a service between Asia and the Black Sea and will also suspend a service connecting Asia with Northern Europe and the Mediterranean until December.
The proposed UPS takeover of TNT Express could be on the rocks, according to reports this week from Reuters and the Financial Times. Delays in obtaining regulatory approval of the 5.2 billion euro ($6.5 billion) deal last spring between two of the world’s Big 4 integrated express carriers were the first sign of potential […]
Maher, which has a 445-acre terminal in Elizabeth, N.J., said in complaint filed at U.S. District Court in Newark that the port authority’s charges and fees are unlawful because they recover the agency’s “local sponsor share.”
The Virginia Port Authority announced Wednesday that it approved a 20-year lease with ecoFUELS Pellet Storage LLC, a Virginia company that exports wood pellets to Europe for biomass energy production.
The liner carrier said the service will provide coverage of other East Mediterranean and North African ports through relay services via Port Said, as well as access to a number of Black Sea ports through relay services at Istanbul.
The Port of Virginia handled 182,318 TEUs in September, an increase of 11 percent when compared with totals from the same month last year. Year-to-date, the port has handled 1,546,087 TEUs vs. 1,427,008 TEUs handled during the same period last year, an increase of 8.3 percent. Rodney W. Oliver, interim executive director […]
Hong Kong Air Cargo Terminals Ltd. (Hactl) has appointed Vivien Lau to managing director of its Hacis (Hong Kong Air Cargo Industry Services Ltd.) subsidiary. She replaces Kenneth Bell, who was transferred to Tradeport as chief executive. Lau has worked for various companies fully or partly owned by the Jardine Matheson Group […]
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 […]
