The global terminal operator ICTSI Ltd., a subsidiary of International Container Terminal Services, Inc. (ICTSI), has named Hans-Ole Madsen as senior vice president for Europe and the Middle East (EME), based in Dubai. Prior to joining ICTSI, Madsen was APM Terminals’ vice president for business development in Africa, Middle East and Indian Subcontinent. […]
The CMA CGM Group, parent of Marseilles-based liner carrier CMA CGM, said Monday it has agreed to a deal with European private equity firm Bridgepoint for the sale of its small cruise ship brand, La Compagnie du Ponant. “The agreement will offer La Compagnie du Ponant the resources it needs to fulfill its ambitions, maintain […]
The International Longshoremen’s Association (ILA) and U.S. Maritime Alliance (USMX), which represents steamship lines, stevedores, and terminal operators, said they made progress in meetings this week aimed at developing a new master…
Roundtrip voyage time on the TP5 has increased from 35 days to 42 days, and transit times have been increased by a few days in both directions, now taking 22 days between Kobe, Japan and Los Angeles, and 18 days on the return.
Following a successful trial by First Class Zollservice und Transportvermittlungs (FCZT), Implant Sciences Corp. (ICS) has sold a follow-up order of its Quantum Sniffer H150 handheld explosives trace detector for use in customs clearance and air freight management. ICS, a supplier of systems and sensors for homeland security and defense markets, made the sale […]
The World Shipping Council said the “commission’s establishment of a rate index for certain cargoes subject to the Shipping Act would violate the service contract confidentiality provisions of the Act and the commission’s own current regulations.”
The liner carrier Mediterranean Shipping Co. has started service between the Port of Jacksonville and two Central American ports, the Jacksonville Port Authority said Friday. The service will connect the Florida port’s Talleyrand Marine Terminal and the Central American ports of Santo Tomas de Castilla, Guatemala and Puerto Cortez, Honduras, as well as providing connections […]
Volga-Dnepr Airlines has added a fifth new IL-76TD-90VD cargo plane to its fleet. The plane, which has a 50-ton cargo-carrying capacity, was built at the Chkalov Aviation Factory in Tashkent under the terms of a contract signed by OAK-Transport Aircraft and Volga-Dnepr Leasing during the Moscow Air Show in 2007. The contract included an […]
Mitsui O.S.K. Lines, Ltd. has completed its new “hybrid” car carrier, Emerald Ace, which relies heavily on solar energy to generate zero emissions. The vessel is equipped with a hybrid electric power supply system that combines a 160 kilowatt solar system – jointly developed by Mitsubishi Heavy Industries, Panasonic Group, and MOL – with lithium-ion batteries […]
FedEx Express is expanding its eco-drive campaign around improving fuel efficiency and driving habits of its couriers in the Europe, Middle East and Africa (EMEA) region. The expansion of the driving program and instructions aims to change the daily driving habits of thousands of FedEx Express couriers around issues like idling. The EMEA launch follows […]
United Technologies Corp. (UTC) has agreed to pay more than $75 million to settle U.S. arms export violations and false and for belated disclosures to the U.S. government about the illegal transactions. The Justice Department said UTC’s Pratt & Whitney Canada (PWC) subsidiary pleaded guilty to violating the Arms Export Control Act and making false […]
The state legislature Thursday, frustrated by the lack of a federal funding for deepening the Port of Charleston’s main navigation channel, set aside an additional $120 million to complete the project without federal help.
The Jacksonville Port Authority’s board has elected Stephen D. Busey as chairman, beginning July 1. Busey takes over from Reginald L. Gaffney, who will continue to serve as a Jaxport board member. Busey is chairman of the Jacksonville law firm Smith Hulsey & Busey. He also serves on the boards of several community non-profit […]
Science Applications International Corp. (SAIC) will provide logistics support to the U.S. Air Force under a new 31-month, $36 million contract under the Air Force Space and Missile Systems Center – Space Logistics Directorate. The logistics deal will cover consolidated logistics management support for the Air Force Space Command in Colorado Springs, Colo. […]
Green Street Ads, a global branding agency, released a new Web-based tool called GeoBrand that allows customers to create branded, custom global maps to show assets and pathways for things like supply chain operations, service and sales centers, warehouses, and inventory. The maps can be shared as dynamic sales and planning tools supported […]
Elsewhere in this magazine you can read about how the top publicly-traded liner carriers collectively lost nearly $6 billion in 2011.
Delta Air Lines made news this spring by buying an oil refinery to give it more control of its fuel supply. In a June 6 interview on National Public Radio’s “All Things Considered,” Chief Executive Officer Richard Anderson said more companies will follow Delta’s lead and move upstream in the fuel supply chain as a way […]
Non-vessel-operating common carriers faced a higher degree of ocean freight rate hikes in May than beneficial cargo owners (BCOs) who booked directly with ocean carriers, according to research from American Shipper. The results of American Shipper’s latest Transpacific Pulse survey, released in early June, reported that 76 percent of shippers who indicated their […]
Global trade management systems (GTM) were originally designed to address how goods crossed borders and required large shipment quantities to be worth the cost, but these restrictions have slowly been torn down thanks to Internet-based technologies, allowing vendors to target midsized players with expansive GTM offerings.
By Walter Kemmsies, chief economist, Moffatt & Nichol It’s time to review forecasts for economic and trade trends for 2012 published in December 2011…
