Mediterranean Shipping Co. said Friday it is joining a loop connecting Oceania ports with the U.S. West Coast operated by a consortium of carriers. The Pacific South West loop is operated by Hamburg Sud, Hapag-Lloyd, Maersk Line and ANL. MSC will market its space on the service as Oceania Express 1. The […]
NOL, the Singapore-based parent of liner carrier APL, said Monday in a filing with the Singapore Stock Exchange that it is not making a renewed bid for a stake in German competitor Hapag-Lloyd.
The liner carrier Zim said Monday it and COSCO Container Lines are adding a third vessel to their jointly run loop between Mediterranean and West Africa. The MAF service is currently run with two ships (one from each carrier) of 1,700 TEUs in capacity, according to American Shipper affiliate ComPair Data. Rotation for the […]
Panalpina said Monday it started two new own-operated direct less than container load services from Asia to Poland through its in-house carrier Pantainer Express Line. The new weekly services are from Keelung, Taiwan and Busan, South Korea to Wroclaw. Panalpina said the new services reduce transit times by two days. “Wroclaw’s […]
Mediterranean Shipping Co. has joined the growing list of carriers to try to raise revenue on the Asia-Europe trade. The line said Friday it will seek a $225 per TEU peak season surcharge on shipments from Asia to all parts of Europe as of Jan. 1. Maersk Line, COSCO Container Lines, and […]
Francis, this was from a CI report; I’m awaiting confirmation of it from Maersk and Hapag UPDATE: OOCL has confirmed this in a press release – it’s a go. Eric please check you haven’t switched who is on what! Francis, this is fixed now. Sorry again for the confusion!
TBS International said it had reached agreements in principle with lenders to restructure its debt. TBS has a fleet of 28 multipurpose tweendeckers and 21 handymax and handysize bulk carriers totaling 1.5 million deadweight tons. It had announced in September that with the agreement of the requisite lenders under its various financing […]
An item in the Nov. 28 edition of AS + newswire on India’s government allowing foreign ownership of retail ventures incorrectly described the existing regulations on foreign retailers. Currently foreign single-brand retailers can only own a 51 percent stake in a joint venture with a domestic company, while multi-brand retailers cannot hold any stake in […]
The United States avoided a damaging railroad shutdown that would have disrupted shipments of autos, consumer goods, agricultural products, raw materials and other materials after the nation’s freight railroads Thursday night reached a tentative agreement with two holdout unions on a new labor deal, and agreed to extend negotiations with one remaining union. The Association of American […]
Alexander & Baldwin has announced plans to split into two firms—one that will concentrate on shipping and logistics; the other on real estate and agriculture. Under the plan announced Thursday afternoon, Matson, which is the leading carrier to Hawaii and Guam, will become a separate company. The new firm will also include […]
But the alliance could reflect some desperation from the two lines, he suggests. “CMA CGM is obviously in some financial difficulties, trying to cut $400 million in costs and selling some ships… while MSC must be impacted by the situation as well.”
The liner carrier CMA CGM said Thursday that it sustained $224 million in operating losses in the third quarter, continuing a trend of huge losses for container lines between July and September. The line, which announced a major alliance deal with Mediterranean Shipping Co. on Thursday, had revenue of $3.9 billion in the […]
MarAd has released a report as part of its America’s Marine Highways initiative, on designs for vessels that could be used for Jones Act domestic commercial shipping and also be useful to the Navy.
Are court decisions making cargo claims more difficult for shippers? By Chris Dupin Attorney David Maloof said a series of court decisions over the past 16 years has made it difficult for shippers and their insurers to recover when carriers damage, destroy or lose their cargo. At a recent seminar of the American Institute of […]
Not in a generation has it been such a good time to become an exporter in the United States. The dollar has weakened and American shippers still know how to make high quality, specialized products sought after by many overseas consumers and businesses. And despite all the political turmoil in Washington, both Republicans […]
On Second Though…
Gina In the last issue, and online in my weekly “Washington Notebook” commentary, I wrote about some jokes delivered by Al Gina, U.S. Customs and Border Protection’s assistant commissioner for trade, during an address to the National Customs Brokers and Forwarders Association of America conference in Washington. Digging through my notebook turned up […]
John Raven, a long-time unabashed spokesman and commentator on global customs modernization and trade facilitation, died on Nov. 6. He was 91 years old. The cause of death was not disclosed, but he had been in declining health in recent months. Raven, a graduate of Cambridge University, sharpened his penmanship while convalescing […]
I enjoyed reading your recent article online (AS Daily, “Canadian Minister Defends Port Investment,” Oct. 18) regarding the West Coast unions and political interests attempting to use the Federal Maritime Commission to promote their protectionism agenda. Newsflash: Canada is a different country and your political influence ends at the border. I believe that […]
With the shipping industry in a downturn, there has been intense interest in a ruling handed down from the bench by Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York. (Marco Polo Seatrade, No. 11-13634, SDNY, Oct. 21) Marco Polo is one of four related companies […]
