Port of Houston Authority commissioners voted to not go ahead with a plan to build a marsh of up to 411 acres in Galveston Bay with dredge spoils from the Bayport Ship Channel at a meeting Wednesday. Instead, the port plans to use existing disposal areas east of the bay on Atkinson Island. […]
Container volume at the Southern California continued on their divergent paths in July, with throughput growing in Los Angeles and declining in Long Beach. Total volume at Los Angeles grew 5.5 percent year-on-year in July to 726,375 TEUs. Loaded inbound volume rose nearly 4 percent to 371,859 TEUs, while outbound volume was flat, […]
Liner schedule reliability and on-time container delivery rates both improved in July, according to the latest research from SeaIntel Maritime Analysis and INTTRA. Global vessel reliability increased from 81 percent in June to 83 percent in July, while timely delivery of containers improved from 64 percent in June to 68 percent, the companies […]
The Port of Virginia continued its container growth in July, setting a monthly record for the third straight month, the port authority said Wednesday. The port handled 180,384 TEUs in July, an 8 percent increase from July 2011. Year-to-date, the port has handled nearly 1.2 million TEUs, an increase of 5.8 percent from the […]
Container volume at the deepwater Port of Nansha complex in the western Pearl River Delta declined in July, as the port was affected by poor economic conditions and bad weather, the Guangzhou Port Group said. Volume fell 6.8 percent year-on-year to 746,000 TEUs, though for year-to-date, volume is still 15.5 percent higher in […]
Ethiopian Airlines on Wednesday received its first U.S. Export-Import Bank-supported Boeing 787 Dreamliner at a ribbon-cutting ceremony in the main terminal of Washington Dulles International Airport. Earlier in May, the bank approved a loan guarantee of more than $1 billion to Ethiopian Airlines for the export of a new fleet of 787 Dreamliners. […]
The liner carrier MOL on Wednesday released its latest North American key performance metrics for July, as well as its quarterly on-time vessel arrival figures. Among 11 metrics MOL publishes, the carrier improved on three, worsened on two and held steady on the others from June. Improvements came on U.S.-to-Asia export missed vessel […]
Cheetah Software Systems and Efreightsolutions have paired up to offer an integrated logistics intelligence solution. The two will combine Cheetah’s logistics platform with Efreightsolutions’ transportation management system (TMS) to present a solution for moving products based on a number of variables. Cheetah said the service will provide an integrated workflow to automate […]
The NOL Group, parent company of APL and APL Logistics, on Thursday named former PricewaterhouseCoopers Singapore Deputy Chairman Quek See Tiat to its board. The Singapore-based transportation and logistics company said the appointment takes effect Sept. 1. Quek will serve as a member of the board’s audit and enterprise risk management committees. Quek, 58, […]
The U.S. Export-Import Bank on Wednesday opened a new regional export finance center in Atlanta as part of its Global Access program to promote small business exports. This is the second opening of four planned regional export finance centers this year by Ex-Im Bank. Minneapolis received the first office in late July. The remaining […]
José Viegas, a Portuguese national, has become secretary general of the Organization for Economic Cooperation and Development’s International Transport Forum. The forum is an intergovernmental organization with 54 member countries that acts as a strategic think tank for global transport policy and organizes an annual summit of transport ministers. It’s housed by the […]
American Shipper’s second annual study focused on you, the supply chain practitioner. This report, co-produced with The Georgia Institute of Technology’s EMIL-SCS Executive Master’s Program and the Council of Supply Chain Management Professionals (CSCMP), is designed to give an overview on the roles, responsibilities, and compensation of supply chain professionals over the past two years. […]
The investment firm said Tuesday that it has submitted a proposal to Virginia as an alternative to the offer APM Terminals made in May to operate the state’s three marine terminals in Hampton Roads and inland port in Front Royal.
Maersk Line said this week it is suspending a service it operates between the U.S. Gulf Coast and Central America due to low rate levels. The line will pull its standalone Expreso service from Sept. 17. The service has a rotation of Houston, New Orleans, Santo Tomas de Castilla, Puerto Cortes, Manzanillo (Panama), […]
Evergreen is operating the service in response to increasing market demand for feeder space. It said “recent political and economic reforms have attracted significant amounts of foreign investment to the country.”
Cathay Pacific and sister airline Dragonair saw July air freight volume plummet 10.5 percent year-on-year. The two airlines carried 125,343 tons of cargo last month, with their combined load factor down by 1.9 percentage points to 64.7 percent. Capacity decreased by 11.4 percent. For the year to date, tonnage has declined 9.9 percent […]
“Contrary to popular belief, low-cost imports do not necessarily drive down the prices of U.S. consumer goods,” the AIER said. “What does affect prices is the rate of growth in the money supply.”
COSCO Container Lines said Tuesday it plans to raise rates on the eastbound Europe-Asia trade in September. The increase, $150 per TEU and $300 per FEU, is applicable to Northern European, Mediterranean, and North African origins and all Asian destinations, including the Indian Subcontinent. The line will begin implementing the increase from Sept. […]
Two shipping companies that specialize in moving project and heavylift cargo – Houston-based Intermarine and Denmark’s Scan-Trans Holding -announced Wednesday that they are merging. The combined companies will operate under the Intermarine name and have a fleet of more than 50 multipurpose and heavylift vessels with lifting capacities of up to 800 metric […]
The initial phase of the demonstration program is currently limited to the air cargo mode and will run through December 2013. Filers only need to submit about half the information required on the standard customs entry.
