The Leeds, U.K.-based logistics company Torque has appointed Vanessa Hope as its new head of sales and marketing. Hope will focus on growth of Torque’s customer base. She has more than 20 years of industry experience with a background in retail, brand management, and third-party logistics.
LogFire, an Atlanta-based cloud-based supply chain services provider, has added a productivity tracker for labor management and a new analytics engine to its dashboard. The additions, Productivity Tracking System and Supply Chain Analytics Dashboard, can be fully integrated with the company’s existing products. The Analytics Dashboard focuses on data collection and real-time […]
Sea Star Line, which operates a liner service between Florida and Puerto Rico, has named Peter I. Keller as president. Keller, who retired as executive vice president and chief operating officer of NYK Group Americas Inc. in 2010, knows the Puerto Rico trade from as far back as the 1970s when he […]
Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69 percent across all the trades covered by the maritime consultant Drewry in its latest Schedule Reliability Insight report. On-time reliability improved by 6 percent over the previous quarter, meaning that schedule reliability has […]
NYK’s rating dropped from Baa1 to Baa2, while MOL’s dropped from A3 to Baa1 because of “the unfavorable state of the ocean shipping market, given the continued over-capacity in vessels.”
Container volumes at the Port of New Orleans in 2011 grew 11.6 percent on an annual basis to 476,413 TEUs, a port record and an increase of 46 percent from two years ago.
The Port of Ningbo’s container volume reached 14.5 million TEUs in 2011, an increase of 10.7 percent from 2010, according to a report from the state-owned news agency Xinhua. Ningbo has seen volume more than double since 2006, when it handled barely 7 million TEUs. It is mainland China’s third busiest container port, after world […]
The liner carriers Zim, OOCL, and COSCO Container Lines have joined a growing group of liner carriers seeking increased revenue on the westbound Asia-Europe trade. Zim said last week it will seek a rate increase of $750 per TEU on shipments from the Far East and Indian Subcontinent to Europe (including Israel and […]
The liner carrier Mediterranean Shipping Co. said last week it will raise rates from the east coast of South America to Europe, the Middle East, Africa, and the Indian Subcontinent from mid-March. The increase is $300 per 20-foot container and $500 per 40-foot container for dry or reefer cargo. The line […]
COSCO Container Lines said last week it plans to increase rates on a number of trades from Asia. The line plans to hike rates from Asia to the Persian Gulf and Red Sea $150 per TEU on March 1 and again on April, then by $250 per TEU on May 15 and […]
Crowley Maritime Corp. promoted Jose “Pache” Ayala to vice president for Puerto Rico. Ayala will remain in San Juan and report to John Douglass, senior vice president and general manager of Puerto Rico and Caribbean services. Ayala In his new role, Ayala will oversee all liner operations on the island, provide support for local sales management, and […]
Global Aviation Holdings Inc., the parent company of all-cargo airline World Airways, filed for bankruptcy protection in U.S. federal court, citing the need to reduce its cost structure in line with the rest of the industry.
A record 2.95 million TEUs crossed the docks at the Port of Savannah in 2011, up 4.2 percent, or 120,000 units, from the prior year, said the Georgia Ports Authority, citing a balance between exports and imports.
Dutch shipbuilder Damen Shipyards delivered three cutter suction dredgers to the Ministry of Emergency Situations in Azerbaijan. The ministry ordered the three dredgers to clean-up, deepen and maintain the Kura River. Damen was able to build and deliver the dredgers within six months of signing the contract with the Azerbaijan government. The […]
Yusen Logistics (Americas) Inc. has promoted Mike Liantonio to senior vice president and general manager of its Transportation Division. He previously served as the Secaucus, N.J.-based freight forwarder’s vice president of sales and operations. Liantonio, a 25-year industry veteran, joined Yusen Logistics in October 2010. Prior to that he held management roles […]
ODW Logistics has appointed Carl W. Neverman to regional vice president of client solutions. In this role, Neverman will identify new commercial opportunities for ODW’s U.S. business, while maintaining several of the existing client relationships. ODW is a third-party logistics provider with shared warehouses in Columbus, Ohio; Chicago; Milwaukee; and Chino and San […]
Maersk Inc. said it has entered an agreement to sell its Direct ChassisLink (DCLI) business to Littlejohn & Co., a Connecticut-based private investment firm. The deal is expected to be completed in March, subject to regulatory approvals and satisfaction of customary closing conditions, Maersk said. A sale price was not announced, but the […]
The liner carrier Mediterranean Shipping Co. said on March 1 it will implement $750-per-TEU in surcharges on cargo moving between many countries in Asia and Europe. The carrier said it will impose an “emergency rate restoration” surcharge of $225 per TEU and an “emergency bunker surcharge” of $525 per TEU on cargo originating in Japan, […]
The containership leasing company Costamare, the owner of the vessel Rena which went aground in New Zealand in October, reported a profit of $26.1 million in the fourth quarter ending Dec. 31, compared to $11.8 million in the fourth quarter of 2010. Costamare said it had revenue of $102 million in the fourth quarter […]
International Shipholding Corp. reported a profit of $1.8 million for the three months ended Dec. 31, compared to $8.9 million for the the final three months of 2010. Revenue for the fourth quarter of 2011 was $61.8 million, compared to $57.7 million in the final quarter of 2010. For the full-year 2011, […]
