Maersk’s decision this week to stop accepting export bookings from Europe to Asia is due to a confluence of factors, not a singular spike in demand on the eastbound Asia-Europe trade, according to Mathijs Slangen, maritime advisor for the investment banking firm Seabury Group. Slangen told American Shipper Thursday that while westbound demand […]
Encompass Global Logistics said it has opened a New York office to oversee current business, and develop new customers in the U.S. North and Southeast. The Irvine, Calif.-based 3PL said the regional headquarters was part of an ongoing strategy to offer locations near its customers. Tom Hickey, formerly of DHL, has joined Encompass to head the […]
The liner carrier CMA CGM said Wednesday it plans to raise rates in April on a number of trades from Asia and the Middle East. From the April 1, the proposed increases are: From the Middle East and India to East Africa on the line’s SWAX service, $200 per TEU. From the Middle East and […]
The company said the service will allow it to offer next-day connections into much of the western United States and Canada from a greater number of Asian origin locations, including key trade hubs in Singapore, Kuala Lumpur, Bangkok and Manila and a significant number of cities in China.
CargoNet, a source for cargo theft information, said it recorded 1,215 cargo theft incidents last year, 17 percent more than the 1,035 in 2010. Its annual report said 116 incidents involved base metals, 229 electronics, 105 apparel and accessories, and 200 prepared foodstuffs and beverages. Most cargo theft incidents occurred on Fridays (227), Saturdays (202), […]
Joseph C. Curto, president of the New York Shipping Association, said Wednesday that management will address excessive staffing and overtime payments…
The liner carrier OOCL said Wednesday that one of the G6 Alliance’s services from Asia-Europe has dropped a call to Gdansk, Poland, due to “unforeseen circumstances of securing a berthing window.”
Manica Group Namibia (MGN), one of the largest logistics services providers in Namibia, has signed a deal to implement CargoWise’s ediEnterprise via its South African partner Compu-Clearing Outsourcing Ltd. CargoWise signed a partnership with Compu in March 2010, and the pair have seen success in South Africa for the ediEnterprise platform. This deal […]
Roland K. Bullard II, president of Fastship and two affiliates, FastShip Atlantic and Thornycroft, Giles & Co. Inc., said “the combination of deal fatigue and the collapse of the global economy in 2008-2009 forced the debtors to abandon their original commercial business plan.”
Trond Kleivdal, chief executive officer of Color Line AS, has been elected president of the Norwegian Shipowners’ Association. “Over the years, many people have written off Norway as a maritime superpower, but they’ve always been proved wrong,” Kleivdal said. “The maritime industry is one of Norway’s most valuable ‘renewable’ resources. The shipping companies […]
Descartes Systems Group, a Waterloo, Canada-based company that provides cloud-based software for logistics businesses, has deployed its cloud MobileLink application to eliminate paperwork on Ferguson Enterprises’ systems. Virginia-based Ferguson, which says it is largest wholesale distributor of residential and commercial plumbing supplies in the United States, said it has automated its proof-of-delivery process and now […]
Marken, a global clinical supply chain service provider with a presence in more than 150 countries, has started a new shipping system designed specifically for biological samples and clinical trials. Marken’s BioSystem is the latest addition to its biological-related logistics services and focuses on long-term temperature control as well as standardized box dimensions for freight […]
A new study by research firm RAND Corp. argues that traditional revenue sources are not sufficient to address the United States’ infrastructure shortcomings and their effects on U.S. supply chains.
The new service, which Hanjin dubs GME, will have a rotation of Busan, Shanghai (Waigaoqiao), Ningbo, Xiamen, Yantian, Colon, Houston, and Busan. It will be operated with eight vessels in the 4,000-TEU range, with COSCO providing six and Hanjin two.
According to local media and Reuters, Argentina’s grains-hauling truck drivers, under direction of their union FETRA, have called an indefinite strike to demand higher pay rates as the country begins its important soybean harvest season. According to the FETRA, the government has failed to make good on an October promise for a minimum […]
By Eric Kulisch The presidential election will be very close because the economy is improving too slowly to provide a decisive boost to President Obama, but Democrats likely will pick up five to 15 seats in the House of Representatives, political analyst Charlie Cook told a gathering of port officials Monday. Democrats would […]
A Commerce Department investigation on Tuesday determined China subsidizes its exports of crystalline silicon photovoltaic cells, and said U.S. imports of these products should be subject to countervailing duties. The countervailable subsidies in China range from 2.9 to 4.73 percent. According to Commerce, Wuxi Suntech Power Co. received a preliminary subsidy rate of 2.9 percent, […]
Asia-Europe trade has soaked up the majority of new boxship capacity over the past two years, according to international shipbroker Braemar Seascope, which reported that 56 percent of new boxship capacity delivered was deployed on the Asia-Northern Europe and Asia-Mediterranean trades. Over the past two years, 2.6 million TEUs of fully cellular newbuilding […]
Bryson U.S. Commerce Secretary John Bryson will lead a trade mission of 16 companies to India on March 25-30, making stops New Delhi, Jaipur and Mumbai. During the mission, Bryson will meet with senior Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector, and promote investment opportunities […]
The Red Hook Container Terminal in the Port of New York and New Jersey has begun using a terminal operating system from Seattle-based Tideworks Technology. In February, Red Hook deployed Tideworks’ integrated suite of TOS solutions, including the Mainsail Terminal Management System, Spinnaker Planning Management System, and Forecast by Tideworks. TOS is sold as […]
