The Japanese ocean carriers MOL and NYK line suffered more than $300 million in collective losses from October through December, while “K” Line’s third-quarter loss passed $400 million, according to financial statements released Tuesday. MOL’s liner division incurred $155 in losses in its financial year third quarter (October through December). That was […]
The liner shipping companies Hapag-Lloyd and CSAV have slowed their GS1 service between Mexico/U.S. Gulf and the Caribbean/East Coast South America, increasing round voyage time from 49 days to 56 days. Transit times northbound to Mexico and the U.S. Gulf from East Coast South America have increased by about seven days, now taking […]
The liner carrier APL said Tuesday on-time performance for the five transpacific services directly operated with its own ships was 94 percent in 2011. According to internal figures, APL ships missed their arrival window 15 times out of 234 port calls to the U.S. West Coast, with the delays caused by weather […]
The WTO’s Appellate Body found China’s export restraints on several industrial raw materials used in steel, aluminum, and chemicals to be inconsistent with WTO obligations.
CargoWise, a logistics information technology provider, entered an agreement with the Bulgarian Unimasters Logistics to implement its ediEnterprise. Unimasters is expanding its logistics business to Central and Eastern Europe, having established operations in Bulgaria, Romania, and Hungary, and the company said this partnership with CargoWise was one means to speed up that growth. “We are […]
Pennsylvania-based Matthews International has started a new division of its company, Matthews Supply Chain Automation. The division encompass two established branches, Matthews Marking Products and Holjeron, and two recently acquired companies, Innovative Picking Technologies, Inc. (IPTI) and Lightning Pick Technologies. The combination of these companies will allow the new unit to offer integrated […]
Chennai, India-based Ennovasys has launched a package of visibility tools for shippers and carriers. The company’s enterprise mobility solution (EMS) is built with three platforms: RFID, GPS, and existing mobile technology. The system is cloud-based with the data sent to the cloud and processed on backend applications via Web services. “We are building a […]
The liner carrier Hapag-Lloyd said last week it will replace a shuttle service between Mexico and Central America with a new rotation. The line’s MXC service will be replaced with its CCE service. The CCE rotation will be Mazatlan, Manzanillo (Mexico), Puerto Quetzal, Acajutla, Corinto, Puerto Caldera, Puerto Quetzal, Manzanillo, and Mazatlan. […]
Maersk Group Chief Executive Officer Nils Andersen will be on leave until April as he recovers from heart valve surgery in December, the company announced this week. Andersen, who fell ill while on vacation last month, was initially due to return in February, but has been given until April to convalesce. […]
Leonard Waterworth was appointed as interim executive director of the Houston Port Authority at a special Port Commission meeting on Monday.
The liner carrier COSCO Container Lines said Monday it will raise Europe export rates to Asia from March 1. The increase is $150 per TEU and $300 per FEU, and applies to all origins in northwest Europe and the Mediterranean (including Israel, Lebanon, Syria, North Africa and Black Sea) and all Asia destinations […]
Maersk Line said Monday it plans to hike westbound Asia-Europe rates significantly from March 1. The increase, $775 per TEU for dry or reefer cargo, is applicable to Northern Europe and Mediterranean destinations. Rates on the westbound Asia-Europe trade suffered throughout 2011, with some analysts estimating that base rates went lower than […]
Crowley Maritime Corp. will start a new weekly express less-than-container load (LCL) service from Houston to Puerto Rico on Feb. 8. The line said the service will have a transit time of 11 days, with relay service available to Caribbean destinations, including Antigua, St. Kitts/Nevis, Anguilla, St. Eustatius, St. Bart’s, Montserrat and […]
UPS announced record full-year earnings per share and a 17 percent increase in adjusted operating profit to $2 billion during the fourth quarter ended Dec. 31.
The Michigan DOT has finalized its State Rail Plan to guide development of passenger and freight rail systems during the next 20 years and announced Timothy Hoeffner as director of the newly created Office of Rail.
The U.S. Navy has acquired from the Maritime Administration two high-speed ferryboats originally built for moving passengers and vehicles in Hawaii for $35 million. The Alakai and Huakai were sold after their owner, Hawaii Superferry, was unable to operate them in Hawaii after opposition by environmentalists. Only one of the two ferries operated for […]
A new version of the AP Moller-Maersk group corporate movie will receive its world premiere screening in London on Feb 8. Directed by Christoffer Boe and filmed across five continents by Manuel Claro, it aims to tell the story not of what Maersk does, but how it does it. Uniquely it ends with […]
The Urban Institute has established a multi-dimensional Infrastructure Initiative designed to inform the public and government officials about the important tradeoffs in developing, operating, maintaining and financing the nation’s core systems that support society. The research effort will examine the fiscal, social and environmental costs and benefits of policy choices at all levels of […]
The liner carrier Hamburg Süd said Friday it will begin consolidating its calls at the Port of Seattle’s Terminal 18, operated by SSA Terminals. The German line, which calls Seattle on its services linking the port to Australia/New Zealand and North Europe/South America, had previously called at both Terminal 18 and Terminal […]
Old Dominion Freight Line has expanded its Pacific Promise less-than-container load (LCL) service to 10 additional ports in Asia. The ports covered by the expanded service include Manila, Singapore, Jakarta, Surabaya, Penang, Port Kelang, Ho Chi Minh City, Bangkok, Phnom Penh, and Busan. The service, launched in China in 2009, now covers 23 ports across Asia. […]
