The logistics company Globe Express Services has developed a joint venture with Rome-based air and ocean freight forwarder International Transport Services Associated (ITSA). ITSA, established 33 years ago, is the fourth largest forwarder in Italy in terms of volume on Asia-Italy trade, and operates branch offices in Milan, Venice, Taranto, Pomezia, Civitavecchia and […]
The Containerization & Intermodal Institute (CII) is seeking nominations for its annual Connie Awards being held on Oct. 2, 2012, at the Renaissance Hotel in Long Beach, CA. The Connie Award, named for the container, has been presented every year since 1972. The award honors those who have made outstanding contributions to the […]
Caribbean carrier says it’s in a stronger position due to exit financing from new majority shareholders SEACOR and Whippoorwhill, with creditors due to receive 95 to 100 percent of their pre-bankruptcy filing claims
The Taiwanese liner carriers Evergreen Line and Yang Ming both posted losses in 2011, according to financial statements filed with the Taiwan Stock Exchange. Evergreen Marine Corp., said it had operating losses of $25.5 million, compared to the $2.9 million it made in 2010. Revenue fell 9.8 percent, to $505.7 million. The […]
The ocean carriers Hapag-Lloyd and Hanjin Shipping will raise capacity on their weekly Mediterranean-to-Montreal gateway MCA loop by increasing the size of two vessels, according to research from American Shipper affiliate ComPair Data. Although the carriers will only change two of the five vessels on the MCA, average ship capacity will increase nearly […]
Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen Line, has named Roy Amalfitano as president, the company said Monday. Amalfitano, who has been with Evergreen since 1984, most recently was executive vice president of the company, headquartered in Los Angeles. In his new position, he will work out […]
Zim said it will restructure its global procurement activities by creating an organization that will be responsible, among other things, fot the procurement of fuel, vessel chartering, terminals and feedering. David Arbel, chief procurement officer, said the change “is part of the company’s constant efforts to maximize efficiency and achieve performance excellence in […]
Melton Logistics of Tulsa, Okla., a non-asset based third-party logistics company said this week it is rebranding itself as Conexus. Conexus will continue to operate the existing Melton locations under the same leadership. The company was established in 2003 with a focus on the flatbed and step-deck business, but shifted to warehousing, inventory […]
Microsoft’s ongoing litigation with Motorola Mobility Holdings has caused the company to move its European logistics operations from Germany to the Netherlands. The move of the logistics services unit, run by outsourcing service provider Arvato, marks the first major shift of a technology platform and service arm out of Germany that was specifically […]
Jacksonville, Fla.-based Suddath Global Logistics has expanded its sales team by adding Donna Desmond as its latest global sales executive. Desmond, who has 23 years of experience in the industry, will focus on developing new accounts for Suddath with an emphasis on high-tech companies and government contracts. Suddath is a multimodal transportation […]
Italian authorities have fined 15 companies and two trade associations more than 4 million euros ($5.3 million) for what it called a “secret cartel of shipping agents at the Port of Genoa” that operated a price fixing agreement for more than five years. The Italian competition authority — Autorita Garante della Concorrenza e […]
Around 80 percent of claim incidents are avoidable, club director tells Hong Kong conference, as he recommends investment in training and better maintenance to alleviate the growing insurance costs of human error
Minnesota-based HighJump Software, provider of supply chain management software, said that its TrueCommerce EDI Solutions Group has enhanced the company’s EDI solution for users of the Sage 100 ERP (formerly Sage ERP MAS 90 and 200) business management software. HighJump, which says it has the only EDI solution endorsed and distributed by Sage, […]
Christopher A. Coakley has been named vice president, government affairs at Saltchuk Resources. Coakley, who is based in Washington, D.C., will represent Saltchuk’s interests at the federal level and will coordinate the company’s public policy efforts nationwide. He will also be Saltchuk’s representative on the executive committee of the American Maritime Partnership, a trade organization […]
India’s two biggest container ports were impacted by strikes in the last week, according to news reports from the region. Nhava Sheva was hit by protests from farmers and politicians starting from Wednesday over government delays in providing land compensation packages to those displaced by planned port projects. The protests continued through […]
There’s evidence that rate hikes implemented by major carriers on the transpacific in mid-March worked. According to the latest edition of American Shipper’s Transpacific Pulse survey, roughly 64 percent of respondents said their rates had risen in the last month, with more than 23 percent saying rates had gone up significantly. Another […]
MOL President Koichi Muto said Monday that the ocean carrier expects to post its largest loss ever in the current fiscal year. Muto, in a speech to mark the 128th anniversary of the company’s founding, said MOL has been hit by a number of factors in the last fiscal year, which ended March […]
The liner carrier Zim Line sustained an operating loss of $276 million in 2011, compared to an operating profit of $223 million in 2010, the line said in a statement last week. Zim’s revenue increased 2 percent year-on-year, to $3.8 billion in 2011, while container volume increase 9 percent, to 2.4 million TEUs. […]
The liner carriers Maersk Line and Mediterranean Shipping Co. said Monday they plan to increase rates on the Asia-Europe trade from May 1. Both lines are seeking hikes of $400 per TEU from most of Asia to all parts of Europe. For MSC, the increases include origins in Japan and Black Sea destinations, […]
2011 profit rises 8% as it transitions away from reliance on U.S. military logistics contracts, with Agility decrying a U.S. fraud indictment as a way for the government to deflect blame for high costs of Iraq war
