The Coast Guard is monitoring salvage efforts on the containership MSC Idil after an explosion that occurred onboard Friday. The ship was about 60 miles north of Puerto Rico, in transit to Barcelona.
AIT Worldwide Logistics’ co-founders Dan Lisowski and Steve Leturno have sold majority ownership of the company in a management buyout to the newly created board of directors headed by Vaughn Moore, president and CEO.
The analysis finds capacity could vary by more than 20,000 TEUs per week across the next 12 weeks. “This is the equivalent to the rapid phase-in/phase-out of two super-post-Panamax strings.”
SC Line has begun a new service catering to shippers of new and used vehicles, boats and heavy equipment from Port Everglades, Fla., to Colombia, Panama and the Dominican Republic.
The 18,000 TEU “Triple E” containerships will measure 400 meters in length and 59 meters in width. It will be 16 percent larger and carry 2,500 more containers than Maersk’s largest ships today, the Emma Maersk series.
The liner carrier Mediterranean Shipping Co. will implement a peak season surcharge on westbound Asia-Northern Europe shipments from June 1, the line said last week. The surcharge, $350 per TEU, is applicable from destination ports in Asia from Japan through Bangladesh. The line also said it will seek to raise rates on […]
The Ports of Indiana has appointed Anthony Kuk as director of its Burns Harbor operation located in Portage. Prior to this appointment, Kuk (pronounced “Cook”) was general manager for Nexeo Solutions’ Midwest operations, based in Chicago. Nexeo was formed in April 2011 from the distribution division of Ashland Inc. Kuk replaces Peter Laman […]
The United States on Friday asked the World Trade Organization to establish a dispute settlement panel to decide U.S. claims regarding India’s restrictions on imports of various U.S. agricultural products, including poultry meat and eggs. While India asserts that its measures are aimed at preventing entry of avian influenza, the United States claims […]
DB Schenker Logistics has opened an office in Namibia. For the past five years, the third-party logistics provider relied on partner Desert Logistics to oversee its services in this market. DB Schenker decided to acquire 100 percent ownership of Desert Logistics. The acquisition was approved by the Namibia Competitions Commission. Schenker Namibia […]
Global air and ocean freight transportation management software and portal provider Acuitive Solutions has launched a new air cargo spot quote tool called Acuitive SpotManager. SpotManager is an auction site where freight forwarders must be invited by an Acuitive customer on a shipment-by-shipment basis. When a customer selects carriers they wish to participate in […]
Cambon Jean-Louis Cambon, the influential chairman of the European Shippers’ Council’s Maritime Transport Council, and a major advocate for global shippers, died at age 59, the council announced last week. Cambon, who was also head of the ocean management committee for tire manufacturer Michelin, had cancer. “Jean-Louis was major figure in the liner shipping arena, […]
ABS, a provider of classification services to the marine and offshore industry, has launched a new product suite aimed at improving transmission of its vessel classification data. The ABS Connect system originally includes a new app and mobile Website, and hopes to add more in-depth information. In London this morning, ABS Chief Technology […]
Records were seen in U.S. exports of both services ($54.1 billion) and goods ($132.7 billion), with record levels of exports of industrial supplies ($44.3 billion) and capital goods ($44.4 billion).
The container shipping division of liner carrier Hanjin Shipping slumped to a $209 million operating loss in the first quarter of 2012, a huge drop from the $28.3 million it lost in the same quarter in 2011.
Homeland Secretary Janet Napolitano has formally notified Congress that her department will postpone by two years the mandate that all inbound ocean containers be scanned for hidden nuclear weapons or other terror-related contraband at foreign ports by July 2012. The 9/11 Recommendations Act that required the 100-percent inspections included authority for the secretary […]
The acquisition will give FedEx Express access to a nationwide domestic ground network which carries 19 million shipments and produces about 150 million euros ($194 million) in revenue annually.
MOL said the service will be particularly beneficial for U.S.-to-Asia export customers in the Southeast United States who want to target emerging markets in Asia with direct Singapore, Vietnam and China calls.
The liner carrier CSAV said Friday it had operating losses of $175.6 million in the first quarter, a slight decline from the $182 million it lost in the same period in 2011. Operating revenue in the quarter fell 42.7 percent year-on-year, to $832 million, largely a result of CSAV cutting its operating fleet […]
The federal government is easing rules requiring railroads to install positive train control (PTC) equipment, saving the industry hundreds of millions of dollars. The Department of Transportation said under the revisions announced Thursday railroads will no longer have to conduct risk analyses to obtain approval to not install PTC or take other costly […]
COSCO Container Lines has announced a series of planned rate hikes in major trades over the next few weeks. The increases are: $400 per TEU and a $300-per-TEU peak season surcharge from the Far East to the Persian Gulf on June 1. $200 per TEU from the Far East to the Indian Subcontinent. […]
