The United States in Geneva on Monday signed agreements with the European Union and Japan that will bring an end to longstanding trade disputes over “zeroing.” Zeroing is a label sometimes used to describe a methodology used in antidumping calculations for aggregating unfairly-traded (“dumped”) transactions with other transactions. The disputes started nearly nine […]
Fred P. Hochberg, chairman and president of the U.S. Export-Import Bank, is meeting with Vietnamese government officials this week in Ho Chi Minh and Hanoi to boost U.S. commercial ties and business opportunities with the Southeast Asian country. In 2011, Ex-Im Bank authorized only about $1 million in financing to Vietnam. However, […]
Third-party logistics services provider Agility has appointed Grant Wattman as president and chief executive officer of its project logistics business. Wattman, a 40-year industry veteran, has previously worked at CH2M Hill, Panalpina, ABB Lummus Global, GeoLogistics and Fritz Cos. He has overseen large projects in infrastructure, mining, and oil and gas. […]
ACL said the service combines its transatlantic vessels and Finnlines’ ice-class Baltic vessels with shipments transshipped via Antwerp, Belgium. Both ACL and Finnlines are owned by the Grimaldi Group.
U.S. Customs and Border Protection declined to reduce a penalty assessed against a company that moved an oil rig part of the way on its voyage from the Gulf of Mexico to Cook’s Inlet in Alaska on a Chinese ship instead of on a U.S.-flagged Jones Act vessel.
After only a one-month slow-down, the shipping company Maersk Line has resumed a five-week round voyage time with its CHX service between Asia and the Indian Subcontinent. American Shipper reported Jan 12 that the loop had slowed to six weeks, with transit times eastbound to Asia from the Indian Subcontinent increasing by about […]
The first ship will call at the EGT grain terminal in Longview, Wash., today in the wake of an agreement between the owners of the facility and the International Longshore and Warehouse Union that will result in the union loading vessels at the facility.
The liner carrier Emirates Shipping Line said Tuesday it plans to raise rates on several trades from Asia, beginning in March. The increases are: $250 per TEU on March 1, and again on April 1, for trade from the Far East and Southeast Asia to east Africa. $150 per TEU on March […]
A federal judge in Manhattan denied a request from AAA for a preliminary injunction against the Port Authority of New York and New Jersey to keep the agency from raising tolls on its four bridges and two tunnels.
YRC, a subsidiary of Overland Park, Kan.-based YRC Worldwide, has rebranded itself YRC Freight. YRC Freight said its rebranding was preceded by a leadership change and a focus on improving service and safety. “In the four months that new leadership has been in place, we have experienced month-over-month increases in our on-time […]
Dubai-based Centre Point Logistics (CPL) has signed an agreement to support Geodis Wilson’s logistics operations in the United Arab Emirates. Sascha Geiken, managing director for Geodis Wilson in Dubai, said, “demand for contract logistics is very high in the Middle East region.” Dubai is used by many companies as a hub to facilitate trade and transportation of goods across […]
Cargo volume at the Port of Busan, the world fifth largest container port, rose 10.6 percent year-on-year in January to nearly 1.4 million TEUs, according to a statement from South Korea’s Ministry of Land, Transport and Maritime Affairs. Busan’s volume increase was largely due to a 23 percent spike in transshipment cargo to […]
Global Logistic Properties (GLP), an operator of warehouses in China and Japan, has added 86,900 square meters of both new and expansion leases in its China portfolio. The company now has roughly 5.8 million square meters of space in China. GLP has three new lease agreements catering to China’s growing domestic market. First is […]
XPO Logistics, a Michigan-based third-party logistics services provider, has appointed John Hardig to chief financial officer, effective Feb. 13. Hardig most recently served as a managing director in the transportation and logistics investment banking group at Stifel Nicolaus Weisel. He has advised transportation and logistics companies on more than 60 mergers and acquisitions.
The liner carrier Mediterranean Shipping Co. said Monday it plans to raise rates on shipments using its services from the Far East to Australia. The increase, $300 per TEU starting March 15, affects MSC’s Panda and Wallaby services. According to American Shipper affiliate ComPair Data, the Panda service has a rotation of […]
FuelQuest. an on-demand software company for the energy industry, announced a five-year contract with J.B. Hunt Transport Services, a large North American trucking company. FuelQuest’s Fuel Center will be responsible for managing J.B. Hunt’s bulk fuel purchases within its terminal network. Fuel Center forecasts fuel use for the customer. It also takes on […]
Cargo growth in 2011 at two of the world’s largest air freight airports largely showed stagnation in the industry. Volume rose 0.8 percent in 2011 at Amsterdam’s Schipol International Airport, with the airport handling 1.5 million tons of freight during the year. The airport is the third largest cargo-handling airport in Europe. Volume […]
Americold said Monday that Jeffrey M. Gault has been appointed by the board of trustees as president and chief executive officer, effective immediately. He succeeds Jos Opdeweegh, who has resigned for personal reasons. Gault, a director of the company is an architect and environmental planner who has held senior executive positions at H.F. Ahmanson & Co, […]
Members of the Caribbean Shipowners Association said last week they plan to begin assessing a St. Vincent and the Grenadines tug service surcharge from early March. “This charge is to recoup a portion of the costs imposed for mandatory employment of tugboats by ships entering and departing St. Vincent,” the member lines said. […]
The global terminal operator APM Terminals has named Joe Nielsen, former chief financial officer of its Americas region as managing director for Latin America. APMT said the high-growth markets of Latin America “continue to be a focus area of the company’s investment planning.” Latin American container trade has been projected by Drewry […]
