A new transportation bill was introduced in the U.S. House by Transportation and Infrastructure Committee Chairman John L. Mica, R-Fla., and other members of his committee on Tuesday. They said the American Energy & Infrastructure Jobs Act (H.R. 7) would authorize approximately $260 billion over five years to fund federal highway, transit and […]
One of the world’s top shipping financiers said this week it plans to scale back its ship financing operations, according to a Reuters report Tuesday. UniCredit, Italy’s largest bank by assets, told the news agency it plans to sell some of its shipping portfolio and reduce its exposure to the industry by […]
The liner shipping company TS Lines has joined three of Goto Shipping’s Japan-China services in January. TS Lines has started taking slots on Goto Shipping’s LKTS, XKTN and SKU services. The partnership between Goto Shipping and TS Lines comes after TS Lines ended a similar Japan-China slot-share agreement with Grand China Shipping on the latter’s Shanghai-Osaka/Kobe EKX service. […]
The Port of Oakland said a study by the Institute of Transportation Studies at the University of California at Berkeley found a 50 percent decline in diesel particulate matter emissions from drayage trucks and a 40 percent decline in nitrogen oxide emissions in the port area following implementation of the clean trucks component of […]
The shipping company Maersk Line is suspending its distinctive Middle East to Algeciras, West Africa and South Afrrica MEW1 “round-Africa” one-way service. The last sailing will be by JPO Gemini, departing Dubai on Feb 19. The 9-ship, average 2,515-TEU, MEW1 connects Dubai weekly with Algeciras, Dakar, Lagos, Douala, and Cape Town with 63-day round-trip voyages that traverse […]
Liquefied natural gas “continues to make progress as a credible fuel alternative” for international transport carriers, Federal Maritime Commissioner Mario Cordero told a conference in Houston last week. Speaking at the World LNG Fuels Conference, Cordero referenced an annoucement from the classification society Det Norke Veritas last month that it had approved in principle […]
The liner carrier OOCL said Tuesday it plans to hike rates from Northern Europe to Asia from Feb. 15. The increase is $200 per container for all types of cargo. “Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs on our North […]
The liner carrier Mediterranean Shipping Co. said this week it will raise rates on the trade from Canada to Northern Europe from March 1. The increase is $100 per 20-foot container and $200 per 40-foot container, and includes destinations in Scandinavian and Baltic ports.
The ocean carrier MOL said Tuesday it has appointed a new shipping agent in Turkey. Effective immediately, the Japanese company will be represented by Istanbul-based Ocean Maritime Services Shipping Agency Tourism and Trading (OMS), which will manage all MOL agency activities in Turkey, taking over from Dabkovich Maritime Agency, which traded as […]
To boost its South American sales, Casio Computers set up Casio Latin America in Montevideo, Uruguay, as a logistics management company, and has recently started operating its regional distribution center in the country. Before the change, which started in August, Casio shipped most of its products from China directly to each of its […]
The liner carrier Mediterranean Shipping Co. said Tuesday that it is raising rates on U.S. export cargo on a range of trades. The increases cover shipments to the Middle East, Red Sea, Indian Subcontinent, eastern Mediterranean, Black Sea, Africa, and the west coast of South America. The increase, $150 per 20-foot container […]
Welcome to the first in a monthly look at the top 12 non-vessel-operating common carriers for U.S. inbound containerized cargo. Using data provided to American Shipper by the trade intelligence firm Zepol Corp., we’ll take a closer look at each of these companies in terms of where their cargo originates, where in the […]
Liner carrier CSAV said Tucapel, the fifth in a series of seven 8,000-TEU ships being built for it by Samsung Heavy Industries, was delivered Tuesday in Busan, South Korea. Two additional ships in the series will also be delivered in the first half of 2012. Like Tucapel, all are named after Chilean rivers. Oscar Hasbün, […]
Through the simple expedient joining of its Asia-South Africa Cheetah service end-to-end with its Europe-South Africa service, Mediterranean Shipping Co has managed to enter the Asia-West Africa trade.
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 […]
