From Larry P. Garrison Alcoa Fastening Systems About seven years ago, we obtained a listing from the Census Bureau of export filings done in our name. It contained about 4,700 lines and 1.3 percent of them were accurate. We determined it was the result of bad guesswork by forwarders and bad data from our companies. […]
Port says it should not yet be blamed for refrigerant contamination. The mainenance and servicing of reefers is handled by third party vendors, some outside the view or purview of the terminal operator.
Import cargo volume at the nation’s major retail container ports is forecast to fall 1.9 percent in November from the same month in 2010, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation (NRF) and Hackett Associates. “As always, retailers are being very strategic with their supply […]
Asia-Pacific Economic Cooperation report says time savings in border clearance resulted in net savings of 5 percent between 2006 and 2010, even though real costs have gone up.
PayCargo, a provider of electronic invoicing and settlement solutions for the shipping industry, has continued its run of alliances and partnerships with an agreement with Gemini Shippers Group, an association that offers membership to importers and exporters of various products. In the last year, PayCargo, a subsidiary of e-commerce and payment processing giant […]
U.S. Customs and Border Protection has been working for more than a year on a way to simplify the customs entry process and is now ready to test its concept with private sector volunteers that ship goods by air. Instead of filing the customs entry when all 27 pieces of required data are in hand, […]
“Our industry has returned to the dark side,” said Ron Widdows, the former CEO of Neptune Orient Lines. Asia-Europe rates are below 2009 levels and volatility has become a significant factor.
Seago Line, the intra-Europe subsidiary carrier of the A.P. Moller-Maersk Group, has joined the ocean freight booking platform INTTRA, the company said Tuesday. Seago’s parent company was a founding member of INTTRA, along with a handful of other European lines. The line began operations in April when Maersk segmented its pure Europe and […]
COSCO Container Lines this week released a number of revisions to its bunker and currency surcharges on trades to and from Europe from Dec. 1. The line’s bunker adjustment factors (BAF) will be: • From the Far East to northern Europe, $788 per 20-foot container and $1,576 per 40-foot container • From the […]
The Retail Industry Leaders Association (RILA) has named Deborah White as executive vice president and general counsel, the organization said Tuesday. As RILA’s chief legal officer, White will oversee all association corporate governance and related legal activities and serve as the primary liaison to RILA member company general counsels and members of the […]
OIA Global, a logistics services provider, has opened a European regional office in Zurich, Switzerland. The company said the new office provides management support to its European partners and joint ventures. OIA announced Roland Stegmann, who joined the company on Nov. 1, will head the Zurich office. OIA also has a branch office in […]
Maersk Line, the A.P. Moller Maersk Group’s liner carrier division and the world’s biggest container line, sustained $257 million of operating losses in the third quarter, the parent company said in a financial earnings call Wednesday. That cut significantly into the line’s profits for the year, which stood at $145 million through three […]
Alexander & Baldwin, the conglomerate parent of Matson Navigation, reported profit for the third quarter ending September 30 of 2011 of $8.7 million, compared to $25.7 million, as earnings took a hit from Matson’s decision to discontinue one of its two transpacific container liner services. A&B’s revenue for the third quarter of 2011 […]
Steve Hastings, the president of Sea Star Line, resigned last week. Anthony Chiarello, the president of American Shipping Group, will serve as acting president of Sea Star while the company performs a search for his replacement. American Shipping Group (ASG) is the subsidiary of Saltchuk Resources, which manages five companies including Sea […]
After 11 months of negotiations, the Corpus Christi port commissioners on Tuesday approved the sale of part of its Ingleside Facility to Canyon Supply & Logistics. The sales agreement is for 185.5 acres for about $66 million dollars, subject to appraisal modifications. To seal the agreement, Canyon agreed on a $20 million down […]
The Indonesian government, in partnership with Deutsche Post DHL and United Nations Development Program, has initiated a disaster preparedness program for the country’s airports. This year’s “Get Airports Ready for Disaster” training program will take place at the Ngurah Rai airport Denpasar, Bali and El Tari in Kupang, West Timor. Supported by […]
A private navy set up to assist commercial vessels in transiting the pirate-infested waters of the Gulf of Aden said this week it plans to start operations within five months, according to a Bloomberg report Monday. The company, Convoy Escort Programme Ltd., is backed by U.K. insurance and reinsurance broking company Jardine Lloyd […]
The Grand Alliance has amended one of its transpacific loops to incorporate new eastbound calls in Japan, while dropping eastbound calls at Cai Mep and Kaohsiung, according to American Shipper affiliate ComPair Data. The service, which the lines call SCX, now has a revised rotation of Laem Chabang, Singapore, Kobe, Nagoya, Tokyo, Los […]
