CSAV said its big loss in 2011 was the result of “strong competition which forced tariffs down; then slack demand, particularly in the second half of 2011, and finally the high fuel price where oil… increased by more than 35% in 2011.”
The companies said the joint venture, called CMA Systems, will have governance from both companies but that employees will ultimately report to Jacques R. Saadé, chairman and chief executive officer of CMA CGM.
APL Logistics on Wednesday unveiled a new shipment planning platform aimed at changing the way large freight buyers coordinate their transportation activities. The company’s ShipmentOptimizer will allow shippers to generate the best shipment plan according to three variables: Cargo arriving at final destination on the preferred date. Maximization of space and load utilization. […]
Union Pacific plans to invest $200 million in South Louisiana to meet current and expected shipper demand from the petrochemical plants along the Mississippi River. Louisiana Gov. Bobby Jindal and UP Chairman James R. Young announced the investment Tuesday. Jindal said “rail lines are the backbone of the chemical and manufacturing industries […]
Global liner carrier reliability declined marginally from December to January, according to the latest figures from SeaIntel Maritime Analysis. SeaIntel recorded liner on-time performance at 58 percent in January from 59 percent in December in its latest monthly schedule reliability report. It’s the fourth straight month of decline, the analyst noted. Out of […]
Maersk Line said it will add a call in Barcelona to the transatlantic Mediterranean service it jointly runs with CMA CGM. The line’s WestMed service, which CMA CGM calls Amerigo Express, will include the Spanish port call from April 3. The revised rotation is Malta, Leghorn, Genoa, Marseilles-Fos, Barcelona, Valencia, Malaga, Newark, Norfolk, […]
Direct liner carrier service competition has a significant impact on the spread between high and low rate levels, according to research from SeaIntel Maritime Analysis. “We have investigated the difference in freight rates across 130 individual port-port trades from Asia to the U.S. East and West coasts,” the Copenhagen-based analyst said in […]
President Obama signed into law Tuesday legislation reauthorizing the Federal Aviation Administration for $63 billion over four years and paving the way for accelerated development of the NextGen air traffic control system. The FAA Modernization and Reform Act of 2012 sets the direction and spending priorities of the agency for the first time […]
Internet retailers and other e-commerce services will generate half of the United Kingdom’s parcel volumes in the pre-Christmas peak within five years, according to Global Freight Solutions (GFS). The study by GFS, a U.K. parcel and carrier manager, found the number of packages sent by e-commerce firms during November and December last year increased 15 percent from […]
On-time arrival rates on the key east-west trades, namely the transpacific, transatlantic, and Asia-Europe, saw mixed fortunes in the fourth quarter of 2011 for the Japanese liner carrier MOL. On the nine Asia-U.S. West Coast services measured by MOL, schedule reliability declined from 95 percent in the third quarter to 92 percent in the […]
COSCO Container Lines said this week it plans to raise rates from Asia to North America in line with recent guidelines from the Transpacific Stabilization Agreement, of which the line is a member. Last week, TSA recommended lines seek a $300 per FEU increase in rates from March 15. COSCO said […]
Mediterranean Shipping Co. said this week it plans to hike rates from the Far East to the east coast of South America. The increases, $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective from March 15.
Doyle The wrong photo of William P. Doyle was included in Tuesday’s edition of AS+ and AS Daily. Doyle, chief of staff at the Marine Engineers’ Beneficial Association (MEBA), has been nominated by President Obama to be a commissioner at the Federal Maritime Commission.
President Obama’s fiscal year 2013 budget for DHS would cut net discretionary spending by $191 million, or 0.5 percent, below the 2012 enacted level to $39.5 billion.
Hamburg, Germany-based bulk logistics services provider Hoyer has expanded its operations in Russia and Ukraine. The company has opened offices in Moscow and Odessa. In addition, Axel Brewe has been named head of development in Russia and central Eastern Europe. Brewe will continue to build and expand the existing tank container […]
President Obama has nominated William P. Doyle, chief of staff at the Marine Engineers’ Beneficial Association (MEBA), to be a commissioner of the FMC.
The minority owner of liner carrier Hapag-Lloyd TUI looks set to sell part of its stake in the company to the majority shareholder, the Hamburg-based Albert Ballin consortium, according to a Reuters report.
India remains significantly underrepresented as a player in global trade, according to APM Terminals Chief Executive Officer Kim Fejfer. “The opportunities for development throughout India, one of the world’s largest and fastest-growing economies, are exciting and energizing and APM Terminals is committed to being a part of that growth,” Fejfer said during […]
The liner shipping company CSAV Norasia’s Asia-East Med Sea ABS service will become a part of Mediterranean Shipping Co.’s Asia-East Med Tiger Service beginning with the Feb. 1 sailing of MSC Luciana from Beirut. The merged joint service will sail weekly, operating with 10 vessels averaging 13,401 TEUs. All 10 ships are operated by MSC. CSAV […]
“Although figures show a decreasing number of piracy attacks, the damage done is still unacceptably high,” the European Shippers Council said, citing figures released by IMB.
