The leadership of Canadian Pacific and its largest shareholder engaged in some highly public squabbling Tuesday about the future of the company. In a letter to investor William Ackman, whose investment company owns 14.2 percent of CP’s stock, CP chairman John Cleghorn complained about an article in last Friday’s Globe and Mail […]
APM Terminals said officially took control of the container terminal at the port of Gothenburg Wednesday. The terminal operating company, Skandia Container Terminal AB, has been renamed APM Terminals Gothenburg AB.
The Port of Antwerp in Belgium plans to raise wharfage fees 2 percent this year, marking the first time in three years that dues for port users have increased, the port authority announced last month. The Port of Le Havre in France recently took the opposite position and said it would maintain […]
The Singapore-based Global Logistics Properties and China Investment Corp. have announced plans to buy 15 logistics facilities in Japan from LaSalle Investment Management for roughly $1.6 billion. In total, the facilities will provide around 2.5 million-square-feet of space, more than 90 percent of which is in Osaka and the greater Tokyo area. […]
SEKO, a global provider of supply-chain services and logistics, has announced that its Tripoli-based SEKO Libya is able to resume activities after ten months of suspension due to the revolution in Libya. SEKO Libya also said that all sanctions imposed on Libya have been lifted and that the new government in Libya […]
Accellos, a provider of supply chain execution software, has appointed Chad Collins as its chief marketing officer. Accellos said Collins has more than 15 years’ experience in building and marketing supply chain software for distribution and logistics operations. Formerly, Collins was vice president of marketing and strategy at HighJump Software, a supply […]
Great Bear, the third party logistics (3PL) service provider, has appointed Paul Goodson as its chairman to succeed Jim Lockhart, who is retiring after serving as chairman since the company’s founding in 1994. Goodson previously spent nine years with the private equity firm 3i Group and was with Barclays Private Equity for […]
The aviation services group Swissport International has appointed Joe Phelan, a veteran of American Airlines and Deutsche Post DHL, as its new senior vice president cargo for the Americas. Phelan spent 25 years with American Airlines in various capacities, including vice president for cargo operations, and managing director of customer service for Europe. […]
Maersk Line Ltd. is to pay $31.9 million to resolve allegations that it submitted false claims supplying U.S. troops in Afghanistan and Iraq, the U.S. Department of Justice said Tuesday.
The New World Alliance of liner shipping carriers has added a new call and an additional vessel to their WAX service between Asia and the Middle East. The carriers have added an eastbound call at Shanghai, while increasing the number of vessels deployed on the service from seven to eight and increasing round voyage […]
Erie, PA-based GE Transportation, a maker of rail and transportation-related products, said it has completed its acquisition of software provider RMI from The Carlyle Group. The purchase will expand GE Transportation’s software and solutions arms for rail customers worldwide. RMI provides transporation management software for railroads, shippers, railcar leasing companies, and intermodal […]
The liner shipping company Delmas has added a call at Tangiers to its ‘Weekly’ Container Service between North Europe and West Africa. All of Delmas’ Mediterranean to Africa services are already calling Tangiers. The ‘Weekly’ Container Service began calling Tangiers with the Dec. 2 sailing of Delmas Brazzaville from Dunkirk. The new port rotation is Dunkirk, Antwerp, […]
The containership Rena, which went aground off Tauranga in October, now appears split in two. Eight containers were discharged from the aft section on Tuesday, with 900 still to go or lost.
Crowley Maritime said it is adding 500 new 40-foot, high-cube containers to its equipment fleet of more than 45,000 units. The new containers will be used in liner service operations in Latin America, the Caribbean and Puerto Rico. The addition of the new containers, along with other equipment of various sizes and types […]
Member lines in the Caribbean Shipowners Association said this week they plan to raise rates in three steps through 2012. The lines, Bernuth, CMA CGM, Crowley, Seaboard, SeaFreight, and Zim, will raise rates on Feb. 5 by $75 per 20-foot container and $150 per 40-foot container and $169 per container larger than 40 […]
President Obama on Friday named Alan Bersin assistant secretary for international affairs at the Department of Homeland Security, continuing to pursue initiatives on cross-border trade and travel in a different position.
Starting today, interstate truck drivers are prohibited from using handheld cell phones while driving due to a final rule implemented by the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) and Pipeline and Hazardous Materials Safety Administration. Violations carry a $2,750 fine for each offense and possible commercial license suspension for drivers with multiple convictions involving […]
SBS Group, one of Japan’s main corporate groups, has acquired an 80 percent stake in Bangalore’s Atlas Logistics, a provider of global transportation services. The purchase puts Atlas under the SBS Holdings wing and will give it a larger presence in the domestic logistics market in India as well as strengthening its […]
The liner carrier Zim has been unable to amend long-term debt covenants with its banks by a Dec. 31 deadline, meaning the debt could be reflected in the fourth quarter financials of parent company Israel Corp.
The French port of Le Havre announced Monday that it will freeze harbor fees for container vessels for the third consecutive year to help the maritime industry during an uncertain economic environment. The Le Havre port authority said the move is intended to retain or attract container lines as customers. The fees […]
