The liner carrier Zim said Tuesday that Chief Financial Officer Allon Raveh will leave at the end of 2012 in a planned move that’s part of structural and managerial changes in the company. Raveh has been Zim’s CFO for four years. His replacement will be announced in a couple days, the company said. […]
The liner carrier CMA CGM said Monday it has named three new members to its board. The new members are Dominique Bussereau, former French secretary of state for transport; Pierre Mongin, president of Régie Autonome des Transports Parisiens (RATP); and Jihad Azour, Lebanon’s former minister of finance between 2005 and 2008. The […]
The proposal from German bank’s RREEF unit is one of three Virginia has received from outside entities to take over port operations in the wake of an unsolicited bid by APM Terminals in May to run the terminals.
The USS Porter, a guided-missile destroyer on Sunday collided with the Japanese-owned bulk oil tanker Otowasan, a Panamanian-flagged vessel, but both were able to operate under their own power after the collision.
Huigen Yang, head of the Polar Research Institute of China, told Reuters he expected more ice along the route than the vessel encountered. He said most of the Northern Sea Route is open.
Caribbean liner carrier Tropical Shipping said it plans to hike rates from Sept. 16. The increases are $125 per 20-foot container, $250 per 40-foot container and $281 for containers larger than 40 feet. Tropical will also assess increases on vehicle and breakbulk cargo. The increases apply to dry and refrigerated shipments between […]
The liner carrier CMA CGM said Friday it will raise rates on the Asia-Europe trade in both directions over the coming weeks. The line will first seek to hike westbound headhaul rates to Europe by $300 per TEU from Sept. 1. The increase is applicable from all origins, including Japan, Southeast Asia and […]
Global Industry Analysts (GIA) has projected the global third party logistics (3PL) market to reach $1.35 trillion by the year 2018, driven by globalization of trade and the ever-increasing need for freight capacity and effective logistics management. According to GIA, a publisher of off-the-shelf market research, logistics efforts will continue to grow more […]
TOTE, Inc. has appointed Philip H. Greene Jr., a retired rear admiral of the U.S. Navy, to vice president. After 32 years in the Navy, Greene served as the eleventh superintendent of the U.S. Merchant Marine Academy at Kings Point, N.Y. Most recently he was the U.S. Transportation Department chairman at the National Defense […]
BizSlate has been developing a supply chain management system with the help of a committee of small business managers for the past 11 months. The service has reached its second testing stage and is still on track for a 2012 release.
Evergreen Line has confirmed that it has started a new Asia-Europe service with Hanjin Shipping, ending a service arrangement with China Shipping on the same trade. Last week, it was reported by maritime news outlets that the line had dropped out of the service it jointly ran with China Shipping, the AEX1/CEM loop, […]
The U.S. Army has added requirements to its project to modernize logistics at its installations, according to a release from Northrop Grumman Information Systems. In response, Northrop Grumman and the Defense Department have adjusted their contract around the Global Combat Support System (GCSS-Army). Northrop Grumman is working with the Army to develop a single Web-based system […]
NRF, in partnership with its member companies, has launched an Integrated Mobile Initiative (IMI), which it bills as a first-of-its-kind initiative to act as a single source of information around challenges and opportunities with mobile retailing.
Trade Technologies, a global provider of international trade document solutions, has opened a new sales office in Vancouver to further its relationships with Canadian exporters. The new center will be managed by Winney Chow, who has more than 15 years in trade finance and exports. From its 12 offices in Asia, Europe and North […]
The agency is expected to announce rules on Aug. 22. The provisions are part of the sweeping Dodd-Frank financial reform legislation.
The liner carrier held a naming ceremony Friday for its largest ever vessel, the 13,200-TEU Hamburg Express, the first of a series of 10 vessels ordered in December 2010 to be deployed on the Asia-Europe trade.
The liner carrier Mediterranean Shipping Co. said Friday in a customer notice that it’s stopping all service to and from Iran with immediate effect. “This restriction also applies to cargo which is booked to Iran via ports in other countries,” the line said. “All bookings of cargo to and from Iran which is […]
The Swiss logistics company Panalpina is introducing new technology to better monitor temperature-controlled air freight. Panalpina says one-fifth of the air cargo moved on some routes within its own controlled air freight network, for example its Luxembourg-Huntsville, Ala. route, is temperature-sensitive. Most of that cargo is health care-related, though the company said temperature-controlled cargo can include […]
The carrier’s cargo division on Friday launched its first scheduled freighter service to South America, connecting Singapore, Hong Kong, Dallas-Fort Worth International Airport and Sao Paulo, Brazil.
The law firm Holland & Knight is cautioning shipping companies that the U.S. government has “significantly ratcheted-up sanctions against Iran with a new presidential executive order and new legislation.” In an alert to clients, the frim said “together, these new sanctions substantially restrict the types of trade that the international shipping community can continue […]
