Cathay Pacific Airways on Wednesday said it has started a new twice-weekly freighter service to Zhengzhou, the capital city and principal commercial hub of Henan Province in Central China. The service is intended to further boost the airline’s cargo profile in inland China, following the launch of services to Chengdu and Chongqing in the […]
The liner carrier Mediterranean Shipping Co. said Wednesday it plans to raise rates on U.S. East Coast export shipments to the west coast of South America. The increases are $150 per 20-foot container and $300 per 40-foot container to west coast South America ports, excluding Cartagena, and $100 per 20-foot container and $200 […]
The Singapore-based shipping and logistics company NOL Group on Wednesday named Olivier Lim to its board of directors. Lim is chief investment officer at Singapore’s CapitaLand Limited and will join the board April 12. He spent six years as CapitaLand’s chief financial officer before becoming chief information officer in early 2012. Before that, he […]
FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has opened three new U.S. offices as part of its ongoing expansion initiative. The offices are located in Phoenix, St. Louis, and Milwaukee. “By increasing our U.S. office network, we can continue to offer customers a wider variety of solutions and routing […]
Page International, a Savannah, Ga.-based logistics provider, has promoted Jackie Johnson to director of exports. She started with Page in 2003 in the ocean export bookings and traffic department, and for the past six years was ocean export manager. In her new position, Johnson will be responsible for the oversight and direction of […]
Congress is moving closer again to the brink of a partial government shutdown as lawmakers failed to make progress Monday on a short-term extension of authority to run surface transportation programs and collect fuel taxes.
“Weak credit quality, challenging capital market conditions, and reduced access to government-guaranteed loans likely will increase the cost of funding new vessels and retrofitting old ones to meet upcoming environmental regulations,” S&P said.
The liner carrier Hapag-Lloyd plans to increase the fuel surcharge it assesses on the trade from Europe to Asia, effective April 16. The German line said the increase is “due to the substantial increase in bunker prices” and has dubbed the increase an “interim fuel participation factor” (IFP). The IFP will be […]
The liner carrier Hanjin Shipping said Tuesday it has taken delivery of its biggest ever containerships, the 13,100-TEU Hanjin Sooho and Hanjin Asia. The ships are the first two in a series of nine to be delivered by Hyundai Heavy Industries and will go into service on the Asia-Europe trade in April. The […]
A Government Accountability Office (GAO) investigation found that counterfeit military parts remain readily available from Chinese companies for use in U.S. weapons systems. The congressional watchdog agency set up a fake Internet company as part of a sting operation against counterfeit goods. Chinese sources represented 84 percent of the bids the fake company received. GAO said the findings conclude that China […]
AmerisourceBergen Corp. announced plans to buy World Courier Group of Stamford, Conn., for $520 million, which follows MNX’s acquistion three weeks ago of Columbus, Ohio-based AirNet.
Horizon Lines said it has an agreement with more than 96 percent of its noteholders to further de-leverage its balance sheet in connection with and contingent on a restructuring of the vessel charter obligations related to the company’s discontinued transpacific service. Stephen H. Fraser, president and chief executive officer, said “we believe these additional steps will […]
House lawmakers have differing opinions about the potential need for federal intervention to keep trade flowing if growing labor tension between terminal operators and ILA workers on the East and Gulf coasts leads to a strike.
The New York Shipping Association Monday lauded a request by the Port Authority of New York and New Jersey to expedite federal review of plans to raise the roadbed of the Bayonne Bridge so that larger ships can pass beneath it. Last Friday the port authority submitted to federal officials a formal request that the project […]
The South Carolina Ports Authority said it approved on Friday a $42.7-million contract for work on a container terminal at the former Navy base in Charleston. The contract was awarded to the Quincy, Mass.-based firm Jay Cashman, Inc. Cashman will transport about 1.75 million cubic yards of dredged material from Daniel Island to the terminal, […]
The Scandinavian postal company PostNord has signed a deal to acquire Green Cargo Logistics, considered the second largest third-party logistics company in Sweden. The deal is subject to regulatory approval. PostNord is the group formed from the merger of Sweden’s Posten and Denmark’s Post Danmark, and said the acquisition of Green Cargo Logistics […]
The liner carrier MOL said Tuesday it will amend its service network between Asia and South Africa from early April. MOL will join a PIL and “K” Line loop between the Far East and South Africa from April 8. The loop, dubbed ASA by the existing operators, has a rotation of Shanghai, Ningbo, […]
The White House through presidential proclamation on Monday designated the Republic of South Sudan as a new beneficiary of the Generalized System of Preferences (GSP) and suspended Argentina from eligibility in the trade program. “The president’s designation of the Republic of South Sudan as a GSP beneficiary country provides an opportunity for this […]
Andersen A.P. Moller-Maersk Group said Monday that Chief Executive Officer Nils S. Andersen will not return to work for another six to eight weeks, following a decision last week by doctors that he needed further surgery. Andersen had been expected to return to work on Monday, but last Friday, doctors concluded after a routine scan […]
By Eric Kulisch Rep. John Mica, chairman of the House Transportation and Infrastructure Committee, and leaders of the House PORTS Caucus visited the American Association of Port Authorities spring conference in Washington last week to express their commitment to seaports as vital engines of economic growth. Mica received a […]
