As more companies begin to push the cloud and other software-as-a-service platforms to their customers, it becomes difficult to stay away from the hype about what the cloud could mean and see what the offer truly is. While touted as the next revolution in computing, there are four key concepts present in both […]
Maritime authorities in 43 countries will place extra emphasis on fire prevention and extinction standards during upcoming inspections of commercial vessels in their ports, according to the organization that coordinates enforcement of international maritime safety, environmental and security standards. The inspection campaign will last from Sept. 1 to Nov. 30, the body that […]
Actiw Oy has signed a contract for the supply of 14 automated container loading systems to Tecnimont SpA, an engineering, procurement and construction subsidiary of Italy’s Maire Tecnimont Group, for delivery to an end customer in the petrochemical industry in the United Arab Emirates. The Finnish company said the system is the first […]
Florida Governor Rick Scott signed two bills on Thursday that he said will facilitate economic development by prioritizing state investment in transportation projects, including improvements to Florida’s 14 deepwater seaports. Funds available for the Florida Seaport Transportation and Economic Development Program have been increased to $15 million from $8 million. That program is managed […]
The credit rating company Standard & Poor’s said Thursday that it had downgraded the French container shipping line CMA CGM’s long-term corporate credit rating to CCC+ from B-, saying its liquidity position deteriorated in the first quarter of 2012. “We expect that it will remain under strain over the coming months in the […]
Port of LA sees record volume for May, primarily due to rise in empties associated with container repositioning back to Asia, while Long Beach volume drops 7 percent as it waits for new services to boost throughput
Maersk’s terminal operating arm takes 25 percent stake in three berths at one of China’s fastest growing ports, one of four ports in Asia Maersk Line uses for as a hub for its Daily Maersk product
This commentary is brought to you by: Register for the free weekly BlueWater Reporting ServiceTracker here. Not for nothing is Marseilles-based CMA CGM known as “The French Line”. This privately-controlled liner shipping operator, with a worldwide network of routes based on historical French trades, runs third in size behind Maersk Line of Denmark and […]
The Port of Oakland has initiated “impasse actions” in an effort to negotiate a new contract with Service Employees International Local 1021, which represents 250 employees in janitorial, maintenance and security areas. The agreement between the union and port expired nearly a year ago, on June 30, 2011. The port and SEIU […]
Maersk, Hamburg Sud, and four other container lines to expand capacity on Asia-WCSA trade by adding vessels, rotating in larger ships, with the rotations of three different services affected by the moves
U.S. business spending on purchased freight transportation and logistics services increased 6.6 percent, or $79 billion, in 2011 to $1.28 trillion as companies held more inventory and paid higher rates for trucking and rail transportation, according to the 23rd annual “State of Logistics Report.” Logistics costs are still well below the peak of […]
Parent of ABF Freight System purchases expedited logistics specialist Panther in a deal that’s dubbed “an excellent strategic fit,” with Panther to remain a wholly-owned subsidiary and sister company to ABF
The ocean carrier Maersk Line has adjusted two of its three weekly Asia to West Africa services, slowing one and adding capacity to the other. The carrier added an additional vessel to its weekly Asia to West Africa FEW1 service, as well as new port calls at Port Kelang, Onne, and a fortnightly […]
APM Terminals drafts in the head of its key Rotterdam terminals to oversee European region, which accounts for 36 percent of the operator’s global volume and 25 percent of its global revenue
CSAV said Wednesday that it has obtained a 12-year, $90 million loan with the German bank DVB that will be used to complete the financing of the final two ships in a series of seven built by Samsung Heavy Industries. CSAV took delivery of the sixth of those ships this week and said […]
Cathay Pacific and sister airline Dragonair carried 123,403 tons of cargo in May, a drop of 10.6 percent compared to May 2011. The airlines’ cargo load factor was down 5.9 percent, to 62.3 percent, while capacity, decreased by 7.3 percent. Year to date, tonnage has declined by 10.7 percent against a capacity drop […]
The liner carrier OOCL has made three changes in its executive team effective July 1. Michael Kwok will be promoted to chief operating officer, with responsibilities covering trades and corporate logistics functions. Kwok is currently director of trades, a position he’s held since 2010. Previous roles in his 33 years with OOCL include […]
Figures from maritime analyst SeaIntel show liner reliability climbed from April to May, most likely due to a settling down of service adjustments and alliance reshuffling by lines on the three main east-west trades
Ryder System, Inc., a provider of transportation and supply chain management services, today announced that Michael F. Hilton, president and chief executive officer of Nordson Corp., has been elected to its board of directors, effective July 1, 2012. Nordson, a $1.3 billion company, engineers, manufactures, and markets products and systems used for […]
The Chubb Group of Insurance Companies and FreightWatch International announced an initiative aimed at combating cargo theft. FreightWatch, which reported an 8.3 percent increase in the number of cargo thefts last year, will offer Chubb transportation insurance customers a 10 percent discount on real-time shipment tracking services. Using covert tracking devices, FreightWatch tracks […]
