The liner carrier Mediterranean Shipping Co. said this week it is increasing rates on European exports to the Far East, West Africa and the Caribbean. The increases are: $50 per TEU from Europe to the Far East from April 1. $75 per 20-foot container and $150 per 40-foot container from Northern Europe to […]
The liner carrier Hamburg Süd said Monday it plans to raise its U.S Gulf Coast export rates to the east coast of South America from April 15. The increases are $150 per 20-foot container and $300 per 40-foot container.
The marine terminal operator and stevedore contractor Metro Ports has appointed Troy Gouger to general manager of West Gulf operations. Gouger joined Metro Ports from Ceres Gulf, where he worked for more than a decade and served most recently as its general manager of the West Gulf. Gouger began his career with Fairway Terminal Corp. […]
Buchanan, Michigan-based XPO Logistics has initiated a public offering of 6 million shares of its common stock, subject to market and other conditions. XPO said it expects to grant the underwriters a 30-day option to purchase an additional 900,000 shares of common stock. Morgan Stanley & Co., Deutsche Bank Securities, and Jefferies & Co. are […]
A potential strike by mechanics, baggage handlers and cargo agents against Air Canada is on hold after Canada’s labor minister, Lisa Raitt, referred the labor dispute, and another one involving the pilots’ union, to the Canadian Industrial Relations Board. Last week, the International Association of Machinists and Aerospace Workers union announced plans for workers […]
COSCO Container Lines said it will seek rate increases on the trade from the Far East to the Indian Subcontinent from April 15. The increase is $400 per TEU and applies to freight moving from China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh […]
Calls at Kaohsiung and Keelung are new, while American Shipper affiliate ComPair Data notes that a week on the 35-day rotation will be spent shuttling boxes between Singapore and the Malaysia ports of Tanjung Pelepas and Kelang.
By Eric Kulisch Thompson Coburn LLP said it hired Jonathan Benner as a partner to head the law firm’s Maritime Regulatory and Ports Practice within its large Transportation and International Trade Group. A former general counsel at the Federal Maritime Commission, Benner most recently worked as a partner at Reed Smith. He also […]
Asda, a U.K. supermarket chain and subsidiary of Wal-Mart, has selected the supply chain technology service of ediTRACK to manage the franchises for its fashion and clothing brand, George. ediTRACK’s software-as-a-service (SaaS) platform will show inventory at distribution hubs and container freight stations from the United Kingdom to China and the Middle East, updating each product’s progress along […]
All-cargo carrier AirBridge Cargo Airlines (ABC) has started a new service from Hannover airport in Germany to Beijing via Moscow. The new weekly Boeing 747-400 freighter service will primarily transport engineering and automotive parts from the industrial region in North Germany to the Far East. ABC said freight forwarder Kuehne + Nagel will […]
Orient Overseas (International) Ltd., the parent of the container line OOCL, said Monday it had operating profits of $183.6 million in 2011, a huge decline from the $922.9 million the company made in 2010. Revenue in 2011 was $6.01 billion, close to the $6.03 billion recorded in 2011. OOIL said it had a profit of […]
Standard & Poor’s Rating Services lowered its ratings on the French container shipping company CMA CGM on Friday. “The downgrade reflects CMA CGM’s significantly lower than forecasted operating profits in 2011 and the revision of our assessment of the company’s liquidity profile to ‘weak’ from ‘less than adequate,’” said S&P, giving its rationale for […]
The network includes eight weekly services in the Asia-North Europe trade and four on the Asia-Med trade. The lines said the majority of the fleet operated on the 12 loops range from 8,000 TEUs to 13,000 TEUs.
Jorge Luis Quijano will be the new canal administrator, succeeding Alberto Alemán Zubieta who has been the head of the canal authority for the past 16 years and whose term ends Sept. 3.
President Obama proposed the creation of a network of up to 15 regional institutes for manufacturing innovation that would help manufacturers with investment and other start-up needs for domestic production.
The U.S. military’s Transportation Command said it is extending contracts with six operators of U.S. flag ships: Maersk Line Ltd., American President Lines Ltd., Farrell Lines, American Roll-on, American Roll-off Carrier, Liberty Global Logistics, and Hapag-Lloyd USA. The modifications will extend the period of performance under the Universal Services Contract-6 Program for an additional […]
Construction of a bonded cultural free trade zone near the Beijing Capital International Airport in the city’s northeast Shunyi district began early Sunday, according to local media. The project will be funded by the Beijing Tianzhu Free Trade Zone and Beijing Gehua Cultural Development Group and will include a 510,000-square-meter Beijing Free Port of […]
Atlanta-based PrimeRevenue, which provides a software-as-a-service (SaaS) platform for global supply chain finance, has selected Raghu Rajah as its new chief technology officer. Before joining PrimeRevenue, Rajah founded a social media startup called KissRocket that provided a production platform to entertainment companies. Prior to that, he was vice president of product development and engineering for […]
As part of its “Powerfully Simple” supply chain planning service, ToolsGroup announced its first outsourced service that gives optimized inventory targets to companies, allowing them to manage and respond to changes in demand. ToolsGroup, a provider of supply chain software, said the goal of this tool is to help companies collect detailed demand data […]
Saltchuk Resources has promoted Anthony Chiarello to president and chief executive officer of TOTE, which has operations in maritime, logistics and ship manangement.
