Bill Graves, president of the American Trucking Associations, is pessimistic Congress will pass a surface transportation reauthorization in 2012.
While a great deal of attention has been focused this past week on the splitting of the containership Rena and the sinking of its stern section three months after it first went aground off Tauranga, New Zealand, an industry attorney warned that a serious incident involving a large containership “may well result in […]
Maersk Line has slowed its CHX service between Asia and the Indian Subcontinent and increased round voyage time from 35 days to 42 days.
Chinese logistics companies are being encouraged to expand overseas, according to a report published Wednesday by the China Daily newspaper. At a logistics conference held in Beijing earlier this week, Ministry of Commerce officials reportedly encouraged Chinese firms to acquire overseas distribution centers to aid in trade growth. The article cited last month’s acquisition of the container […]
eBay has launched a new shipping service in collaboration with Singapore Post (SingPost) and the U. S. Postal Service in the hopes to improve both delivery and tracking of lightweight goods moving between the United States and Singapore. The service, named ePac, is eBay’s first postal service partnership in Southeast Asia and its […]
The rating agency downgraded the container line Wan Hai from stable to negative based on high fuel costs, depressed freight rates, and the line’s order book of 12 vessels.
The Jones Act container shipping company Horizon Lines said Wednesday it has completed the mandatory debt-to-equity conversion of about $49.7 million of the company’s 6 percent Series B mandatorily convertible senior secured notes. The mandatory conversion reduces debt, lowers annualized interest payments, and is expected to increase the value of the company’s shares outstanding. […]
The liner carrier Gold Star has joined an MCC Transport intra-Asia service linking South Korea and Southeast Asia, according to American Shipper affiliate ComPair Data. The service, IA5, has a rotation of Tanjung Pelepas, Laem Chabang, Ho Chi Minh, Hong Kong, Yantian, Kaohsiung, Shanghai, Busan, Vostochniy, Xiamen, Manila, and Tanjung Pelepas. It’s operated […]
U.S. containerized import volume rose 1.5 percent year-on-year in December, according to trade intelligence firm Zepol Corp, with total inbound volume increasing just less than 1 percent for 2011 compared to 2010. U.S. imports from China declined in 2011 by 0.8 percent, while imports from South Korea rose by 5.3 percent. Total 2011 […]
Undersecretary Francisco Sánchez will lead the U.S. Commerce Department’s first-ever ports and maritime technology industry trade mission to India, Feb. 20-24.
The Korean firm Keoje Marine Co. Ltd. and two engineers from the vessel Keoje Tiger pleaded guilty yesterday in federal court in Honolulu to environmental crimes violations. Keoje Marine was sentenced to pay a $1.15 million criminal penalty, $250,000 of which will go to the National Fish and Wildlife Foundation as a community service payment […]
North Carolina’s Longistics has selected Amy Henderson as its manager of international foreign trade zones (FTZ). In this role, she will oversee international shipments and receipts, inventory control, record keeping for customs compliance, and supervision of Longistics’ customers and service team. Longistics operates two FTZs, one in Research Triangle Park, N.C., and the other […]
The Japanese government has recently approved Hawaiian-grown Rainbow papaya for commercial shipment to Japan. In the 1990s, an outbreak of the papaya ringspot virus decimated Hawaii’s papaya crop. Scientists from Cornell University, the University of Hawaii, The Upjohn Co. and the U.S. Department of Agriculture’s Agricultural Research Service used biotechnology to develop the […]
The shipping company Maersk Line has added a single eastbound-only call at Tangiers to its weekly Asia-Europe loop AE10, operated with its 11 largest vessels (averaging 14,848 TEUs). The AE10 loop is continuing to call first at nearby Algeciras, in addition to Tangiers. This new call represents one of only two direct calls to Tangiers offered by […]
A study on the impact of reduced dredging of channels on the Mississippi River finds that exports could be reduced by 12.4 percent and imports 5.5 percent if channel depths were reduced from 45 to 38 feet.
Alan Bersin, former CBP commissioner, is likely try to replicate across multiple DHS agencies the types of management, policy and structural reforms that became the hallmark of his 21-month term in CBP, his successor said Monday.
The U.S. Commerce Department’s Bureau of Industry and Security said FedEx Express has agreed to pay civil penalty to settle allegations that it committed six violations of the Export Administration Regulations (EAR).
Blue Skies has chosen a time and temperature management system from TempTRIP to preserve its fresh fruit shipments from Africa to the United Kingdom in as little as 48 hours. Blue Skies, also based in the United Kingdom, has more than 2,000 employees in Ghana, Egypt, South Africa and Brazil and sources and supplies fruit from fields, […]
The liner shipping company Mediterranean Shipping Co. has initiated a slot chartering agreement with six more carriers taking slots on its Mediterranean-ECSA service.
November container volume from Asia to Europe declined by 5.3 percent year-on-year, according to the latest figures from Container Trade Statistics. Volume reached 1 million TEUs on the westbound Asia-Europe lane in November, the latest month for which statistics are available. For the year, European volume from Asia was 12.7 million TEUs, a […]
