“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 […]
ECS Group, a global air cargo general sales and service agency (GSSA) has opened its first offices in India in Mumbai and Delhi, the company said Monday. “The South Asia market represents some 5 percent of the global air cargo market in tonnage terms and India represents its most thriving market,” ECS said. […]
A China Cargo scheduled flight from Shanghai to St. Louis was postponed this week for the third week running, according to a report in the St. Louis Post-Dispatch. The report said soft airfreight volumes out of China were the reason for the cancelled flights, with airlines pulling service on unproven routes, such as […]
Hub Group said that its Comtrak Logistics subsidiary had acquired assets of Challenge Transportation, an intermodal drayage carrier headquartered in Newark, NJ. Challenge has 41 drivers and covers the Tri-State and Northeast region.
U.S. domestic container volume grew 9 percent in the third quarter, its best year-on-year growth of 2011, according to the Intermodal Association of North America’s Intermodal Market Trends & Statistics report released Monday. The report showed that total intermodal volume, including domestic trailers and international containers, grew 1.4 percent in the quarter, the […]
Mediterranean Shipping Co. said this week it plans to charge for cargo moving from Asia to North America by way of the LA/Long Beach Alameda Corridor connecting to downtown LA rail yards.
CargoSmart has launched a Schedule Reliability product that will allow users to compare actual vessel arrival times with those shown on schedules on about 900 trade lanes, covering all major ports. Saves selecting carriers by trial and error.
