Mediterranean Shipping Company says ships on four services out of North Europe to Asia are fully booked with export cargo. MSC said booking acceptance “for cargoes ex NWC and Scandinavia to Far East and Middle East on Silk, Lion, Swan and Condor Services are closed as all vessels are fully booked on weeks […]
Maersk Line, Limited (MLL), the U.S.-flag shipping arm of the A.P. Moller-Maersk Group, said it has entered into a letter of intent with the owners of Cape Canaveral, Fla.-based 3PSC to buy the company.
Shipping executives are more optimistic about the outlook for the industry than they have been in a year, according to the latest quarterly Ship Confidence Survey from the accountant and shipping consultant Moore Stephens. It said confidence had risen for the fourth successive quarter in a survey completed last month, “leading to an […]
Germany’s Commerzbank said Tuesday that it’s getting out of ship and real estate financing as part of a plan to focus on its core business. “In view of the continuing uncertain situation on the financial markets, the heightening of the sovereign debt crisis and the increasing regulatory burdens, Commerzbank intends to accelerate the […]
In a notice to freight forwarders and shippers, Southwest Airlines Cargo said its current cargo handler in Milwaukee, Frontier Airlines, will close its facility on July 2. The last day to ship inbound cargo to Milwaukee for pickup at Frontier will be June 29, followed by the last outbound shipments handled at the […]
United Seamen’s Service announced Tuesday at its annual meeting that it will bestow the Admiral of the Ocean Sea (AOTOS) award on three people this October. They are Sen. Mary L. Landrieu, D-La.; Niels M. Johnsen, chairman and chief executive of International Shipholding Corp.; and Robert Johnston, senior vice president and head of the […]
Welcome to the sixth installment of American Shipper’s yearlong countdown of the top 12 non-vessel-operating common carriers for U.S. inbound containerized cargo. Using data provided to American Shipper by the trade intelligence firm Zepol Corp., we’ll take a closer look at each of these companies in terms of where their cargo originates, where […]
In early July Maersk Line will change the westbound hub on its Westmed transatlantic service from Malaga to Port Tangier. Maersk operates the Westmed with CMA CGM, which dubs the service Amerigo Express.
The German liner and its VSA partners on four services will move terminal operations from the International Transportation Service, Inc. marine terminal in Long Beach, Calif., to the TraPac terminal in Los Angeles beginning in late July.
The Jacksonville Port Authority has named James Butcher as its business and marketing consultant in the Northeast. He will be based in the New York/New Jersey area and will maintain regular contact with current and prospective Jaxport customers in the region where most liner carrers and major shippers operating in the United States […]
An item in Monday’s AS Daily about container freight derivative tools for U.S. export markets failed to note that the World Container Index, developed by London-based Drewry and Singapore-based Cleartrade Exchange, does provide insight into U.S. export trades. WCI tracks the trades from Los Angeles to Shanghai, Los Angeles to Rotterdam, and New York […]
A federal court last week granted class certification to a group of direct purchasers of rail freight who are seeking damages for what they say was a price-fixing conspiracy by the four largest U.S. railroads—Union Pacific, BNSF, CSX and Norfolk Southern.
RDZ Logistics, a subsidiary of the Russian Railways, has helped start a joint venture to organize freight rail transit between China and Europe. The venture was first announced last week by Vladimir Yakunin, Russian Railways president, during an address to the St. Petersburg International Economic Forum. The venture, YuXinOu (Chongqing) Logistics, is registered […]
PS Technology (PST), a subsidiary of Union Pacific, has acquired the Yard Control Systems division of Ansaldo STS USA to boost its enterprise management capabilities with the addition of rail yard process control and automation offerings. Terms of the deal were not disclosed. Norristown, Pa.-based Yard Control Systems is a significant player in […]
The free white paper examines the causes of recent container freight rate volatility and how index-linked contracts can help mitigate the impacts of such instability. It also explains how these new contracting arrangements work.
The Port of Long Beach said Monday it has launched a nationwide search to fill its deputy executive director post, which has been vacant since its former occupant, Christopher Lytle was promoted to executive director in January. The Southern California port said it’s seeking “a strong and experienced senior-level executive” to support the […]
The liner carrier Hamburg Süd said Tuesday it has set an objective to reduce its CO2 emissions from owned and chartered container vessels by 26 percent. The line is targeting the reduction by 2020, and said it would seek to reach the goal by investing in more energy-efficient ships, chartering in cleaner vessels, […]
DB Schenker Rail has stepped up its transport of Scottish whisky from the United Kingdom to its rail depot in Wroclaw, Poland. The whisky is transport from central Scotland to Barking in London. There intermodal containers are transshipped to the weekly London-Wroclaw service, which travels to mainland Europe via the High Speed 1 rail route […]
The U.S. Grains Council has named Thomas N. Sleight as president and chief executive officer. He replaces Thomas C. Dorr, who is retiring. Sleight initially joined the council in 1983 and has served in various roles both in Washington and overseas. After leaving for stints with other agricultural groups, he returned to the council […]
Contingency planning for a potential work stoppage at U.S. East and Gulf coast ports in the event of failed labor talks is extremely difficult for shippers because the cost of routing cargo to other parts of the country may be prohibitively…
