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 […]
The U.S. International Trade Commission is seeking input for a newly initiated investigation on the effect of correcting the U.S.-Korea Free Trade Agreement product-specific rules of origin. The investigation, “Effect of Adding References to HS 6104.32 to Correct the U.S.-Korea Product-Specific Rules of Origin,” was requested by the U.S. Trade Representative in a […]
Newly released statistics from the Institute of Chartered Shipbrokers (ICS) show shipping bucking the trend in terms of cuts to training budgets, the London-based organization said. ICS said examination registrations for the institute are up 44 percent, providing a “sharp contrast to the downbeat maritime industry forecasts for the medium to long term.” […]
LeanLogistics, a Michigan-based provider of transportation management system applications and supply chain services, has updated its On-Demand TMS software with new features centered on logistics, shipment optimization and emission reporting. One of the key improvements of its On-Demand TMS v.12.1.0 is the inclusion of tools to calculate and report greenhouse gas emissions in line […]
No. 10 Hecny Shipping By Eric Johnson Welcome to the third installment of our yearlong countdown of the top 12 non-vessel-operating common carriers for U.S. inbound containerized cargo. Using data provided to American Shipper by the trade intelligence firm Zepol Corp., we’ll take a closer look at each of these companies in terms […]
“We have created a balance sheet that allows DP World to meet the long-term strategic requirements for investment into profitable growth opportunities, whilst maintaining a very disciplined approach to capital allocation,” said the DP World chairman.
Mica Rep. John Mica, the chairman of the House Transportation and Infrastructure Committee, last week introduced legislation to extend by three months federal authority for highway and transit programs that are scheduled to expire on March 31. The House leadership is expected to bring the measure to the floor for a vote this week. […]
In its latest SeaIntel Sunday Spotlight newsletter, research shows there can be a 40 percent difference in on-time rates among carriers in the same alliance or vessel-sharing agreement.
The new container drayage operation will strengthen Old Dominion’s network in California, which includes a drayage facility in Los Angeles and 12 LTL service centers across the state, said the director of container operations.
The liner carrier Mediterranean Shipping Co. is planning to hike rates from Asia to the east coast of South America from mid-April. The increase, $500 per TEU, is applicable from April 15 on Asia export cargo.
Deutsche Shipping, Deutsche Bank’s shipping finance division, said it increased loan commitments by one-third in 2011 approving loans of 1.6 billion euros ($2.1 billion) compared to 1.2 billion euros in 2010, despite persisting market difficulties. Ralf Bedranowsky and Simon Booth, global co-heads of Deutsche Shipping, said loan commitments expanded particularly in the growth market of […]
The port authority on Friday submitted to federal officials a formal request that a project to raise the roadway of the Bayonne Bridge be considered for expedited review under President Obama’s executive order on permitting and federal review.
SATO, a provider of barcode printing, labeling, and radio frequency identification device technologies, will acquire Achernar, a privately held firm based in Buenos Aires. Achernar, founded in 1971, is one the region’s largest providers of adhesive labeling services to industries including food, cosmetics, electronics and postal services. SATO said the acquisition is part of a larger plan to expand […]
The U.S. Trade and Development Agency awarded a $571,458 grant to Morocco to support a feasibility study to improve safety and security at the Port of Casablanca. The grant was specifically issued to Marsa Maroc, a major port operator in Morocco. The Moroccan government is planning to invest $360 million to modernize the port infrastructure […]
