The U.S. Maritime Administration has denied an application by American Petroleum Tankers (APT) for a Title XI loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the General Dynamics NASSCO shipyard in San Diego between 2006 and 2010 for the U.S. coastal trade. A letter from Maritime Administrator David Matsuda dated […]
Transpacific ocean carriers may find it hard to get planned rate increases on the eastbound trade to stick, according to London-based research and consultancy firm Drewry. Drewry’s container rate benchmark from Hong Kong to Los Angeles ticked up 3 percent in the last week to $2,542 per FEU, about $71 per FEU higher […]
Orient Overseas (International) Ltd., the Hong Kong-based parent of liner carrier OOCL, said Thursday its operating profit fell 25.5 percent year-on-year in the first half of 2012 to $140 million.
Mojix Inc., a Los Angeles-based technology provider of radio frequency identification device networks with real-time locating system (RTLS) abilities, is increasing its push into the automotive manufacturing industry. Mojix said it is targeting the automotive industry because it sees supply chains being stretched to more locations with tighter deadlines and believes its system can provide the visibility […]
Xata Corp., which provides fleet management software to the trucking industry, reported results for its fiscal 2012 third quarter, which saw a drop in revenue for the quarter but a level revenue stream for the past nine-month period. For its quarter, ending June 30, total revenue for Xata was $15.6 million, compared to $17 million […]
The South Korean container line Hanjin Shipping said Thursday it lost $147.1 million from operations in the first half, a 17.2 percent reduction on the losses it sustained in the same period in 2011. First-half Liner revenue increased 11 percent year-on-year to $3.6 billion. Container volume rose 6.5 percent to nearly 2.2 million […]
The ocean carriers Hapag-Lloyd and Hamburg Sud have added an eighth vessel to their weekly Europe-to-Middle East and Indian Subcontinent IOS service and increased roundtrip voyage time from 49 days to 56 days. Although roundtrip voyage time on the IOS has increased by seven days, transit times between Europe and the Middle East […]
Truck leasing and supply chain service company Ryder System Inc. said Thursday it has made a small, tuck-in acquisition in the United Kingdom for its Fleet Management Solutions group. The Miami-based company said it bought Euroway Group Ltd., a commercial truck leasing, maintenance and fleet management firm in Bedfordshire, England. Terms of […]
The two U.S. senators from California, Barbara Boxer and Dianne Feinstein, are urging clerical workers for shipping companies and their employers to work toward resolving their differences and reach a contract. Negotiators for International Longshore and Warehouse Union, Marine Clerks Association Local 63 Office Clerical Unit (OCU), and the Los Angeles/Long Beach Harbor […]
Columbus McKinnon Corp., a designer, manufacturer and marketer of material handling products, has appointed Kurt Wozniak as vice president and an officer of its board. Wozniak, a member of the CMCO Executive Committee, has been the company’s managing director of Latin America since July 2010. He joined Columbus McKinnon in 1999.
In Wednesday’s AS Daily, it was misreported that Nordana dropped its U.S. East Coast-West Africa service. According to Bob Chick, president of Nordana USA, the service remains in operation.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service said it has with assistance from federal, international and industry partners successfully released 209 shipments of American products valued at more than $39 million in 2012. The goods had been detained at foreign ports of entry pending resolution of various animal and plant health questions. […]
Since fiscal year 2007 through July 26, 2012, the bank has authorized about $710 million to Minnesota businesses to support $1.4 billion in export sales.
The U.S.-Libya Business Association (USLBA) on Wednesday welcomed the “Cairo Declaration” announced by the foreign ministers of Libya, Tunisia and Egypt. The declaration strives for the three countries to create a free-travel zone, allowing citizens and tourists to move freely between the three countries. “If implemented, visa-free travel among citizens and tourists […]
The U.S. International Trade Commission said three years after its implementation, the Earned Import Allowance Program (EIAP) is not providing enough incentives to help boost the competitiveness of Dominican apparel exports in the U.S. market. The nonpartisan, fact-finding agency reached its conclusion in the recently released report (https://www.usitc.gov/publications/332/pub4340.pdf) “Earned Import Allowance Program: Evaluation […]
EU ProSun said Europe’s solar industry is “being decimated by unfair competition from China leading to layoffs, and one major European solar bankruptcy every month,” furthering warning the domestic industry will disappear.
A coalition representing manufacturing, agricultural, retail, and transportation interests, jointly filed a friend of the court brief supporting the ATA’s challenge to the hours of service rules handed down last year by the FMCSA.
Lea Bogatch-Genossar has been appointed president of Zim American Integrated Shipping Services, effective Aug. 6. She will replace Shaul Ramon, who finishes a three-year tenure.
Liner carrier Mediterranean Shipping Co. said it’s raising rates on cargo moving from Asia/Southeast Asia countries to the United States, including Puerto Rico. The general rate increases, effective Sept. 1, are as follows: To U.S. West Coast ports and Puerto Rico, $400 per 20-foot container, $500 per 40-foot container, and $550 per 40-foot high-cube […]
APM Terminals has signed a 32-year concession contract with the Port Authority of the Port of Lazaro Cardenas (APILAC) for the design, financing, construction, operation, and maintenance of a new container terminal at the port.
