A 15 percent increase in cargo by weight helped the Port of Baltimore set a record in 2011 of $51.4 billion worth of goods that moved over the state’s docks, a 24 percent increase in value over the prior year, according to the latest statistics released by the Maryland Port Administration. The port’s marine […]
Baltimore Mayor Stephanie Rawlings-Blake, worried that planning for a rail intermodal center to support more port-related cargo and economic growth is taking longer than anticipated, on Friday asked CSX Transportation to consider a site within city limits instead of suburban locations that face political opposition or excessive development costs. The freight railroad wants to […]
Both support and concerns about looming requirements for the use of ultra-low sulfur fuel by ships were aired Thursday during a meeting of the U.S. House Subcommittee on Coast Guard and Maritime Transportation. Chris Koch, president and chief executive officer of the World Shipping Council, told the subcommittee his organization supported amendments to MARPOL Annex […]
The U.S. Commerce Department’s Bureau of Industry and Security will add 16 persons – four individuals and 12 companies in Afghanistan, Pakistan and the United Arab Emirates – to its Entity List for providing materials used to produce improvised explosive devices (IEDs) and used against U.S. and coalition forces in Afghanistan. The persons […]
The British International Freight Association issued an alert about fake emails being sent from hackers to the trade association’s members and others worldwide, which make false requests for payments.
Hong Kong-based Kerry Logistics said on Monday that it has acquired Taiwan-based Trustspeed Medicine Logistics. The acquisition will strengthen Kerry’s capabilities in the pharmaceutical and healthcare logistics sector and extend its Asian distribution network in the market, the company said. “This is a major step forward for Kerry Logistics to expand its presence […]
The liner carrier CSAV saw its volume in March plummet compared to the same month in 2011, but also saw its average revenue per TEU rise to a 16-month high. In a monthly operational update, the Chilean carrier said its container volume in March was 146,100 TEUs, 52.7 percent lower than in March […]
Crane Worldwide Logistics has moved to its new headquarters in Houston, a facility that houses both its offices and warehouse operations. Crane said its expansion will better facilitate its freight forwarding and third-party logistics services for deliveries by air, land and ocean. The new facility doubles Crane’s warehouse space, including a larger storage yard, which […]
International Shipholding Group said last week it had a profit of $7.9 million in the first quarter of 2012, compared to $24.1 million in the same 2011 period. Last year in the first quarter, the company had a $18.7 million gain from taking full ownership of two dry bulk ships. Excluding the non-recurring transactions, […]
Maersk operation tailored to balance U.S. import and export international container volumes. By Francis Phillips Beginning early March Maersk Line launched a premium transpacific eastbound service called Flagship. It offers weekly day of availability connections between 15 ports in Asia and five inland destinations in the United States, including Chicago, Houston, Dallas/Fort Worth, […]
Opponents of dredging the Port of Miami’s main shipping channel to 50 feet will withdraw petitions seeking to block the project after Miami-Dade County officials agreed to contribute $2.3 million to support environmental programs.
The Office of Foreign Assets Control (OFAC) said a Colorado-based medical equipment manufacturer will pay $126,000 to settle charges that it knowingly shipped medical devices to Iran through the UAE.
LINC Logistics Co. said it plans to raise $170 million through the sale of 11.3 million shares of stock in its upcoming initial public offering (IPO). The company said it expects to shares to go for $14 to $16 per unit. Roughly 9.91 million shares of common stock will be made available, while a […]
Infor, a provider of business application software, said that Russia’s Tikhvin Freight Car Building Plant JSC has automated its plant operations using the company’s Infor10 ERP Enterprise. The Infor10 system is designed to support industrial engineering and manufacturing (IE&M) supply chains in the areas of production, marketing, purchasing, visibility, stock control, logistics, and […]
Data2Logistics, a freight bill processor, auditor and advisor, has launched its new Claims & Audit Review System (CARS) to improve and speed up the flow of information for shipping clients. CARS speeds up the company’s existing freight bill auditing ability, giving faster audit cycles, the company said. The system aims to do this […]
Japan’s big three ocean carriers saw their container lines slump to a collective $1.4 billion loss in their fiscal year 2011, adding more red ink to the beleaguered liner industry. All three lines saw sizable profits in 2010 turn to sizable losses in 2011, while all three also saw revenue levels erode. The […]
Being the last destination point is desirable for ports because they can capture business from exporters in a broader region who may delay booking cargo at their local port to avoid the extra transit time while vessels make other stops along the seaboard.
The ocean carrier Maersk Line has added a new port call at Cape Town and an 11th vessel to its weekly Southeast Asia/West Africa service FEW3. Interestingly, vessels on the FEW3 will call at Cape Town both inbound from Asia en route to West Africa, as well as outbound from West Africa on […]
The ABS Group of Cos. board has elected David Weinstein to president and chief executive officer. Weinstein, currently ABS vice president of strategic development, replaces Tony Nassif, who was recently elected executive vice president and chief operating officer of ABS. He joined the classification society in October 2010 after more than 25 […]
The U.S. Commerce Department’s Bureau of Industry and Security on Thursday said Ping Cheng and Prime Technology Corp., both of New York state, agreed to $125,000 fines and two-year denial of export privileges for each to settle allegations that they conspired to violate Export Administration Regulations (EAR). The two-year denial period will be […]
