Container line members of the Transpacific Stabilization Agreement said Monday they plan to raise all-in freight rates and charges on the eastbound transpacific trade by a minimum of $400 per 40-foot container from Jan. 1. The planned increases are “an interim step prior to rolling out the agreement’s customary annual service contracting guidelines” […]
A new study released Friday by DHL indicates that globalization is still not as advanced as most people believe and that continued economic integration could spur global gross domestic product gains of five percent or more. The first DHL Global Connectedness Index (GCI), a detailed country-by-country analysis of trade flows, was unveiled last […]
Waiting for confirmation from Hamburg Sud that these are the services are involved
Asia-Pacific Economic Forum ministers meeting in Honolulu committed to concrete actions to strengthen economic integration and expand trade, promote green growth and advance regulatory convergence to achieve economic growth in the region. The APEC region accounts for 55 percent of global Gross Domestic Product and represents 58 percent of U.S. export purchases. Ministers […]
The CKYH Alliance will suspend a service connecting Asia to the U.S. East Coast for the winter season, according to a note from the maritime consultant Dynamar and confirmed by American Shipper affiliate ComPair Data. The alliance’s AWE-5 service has a rotation of Kaohsiung, Hong Kong, Cai Mep, Singapore, Boston, New York/New Jesery, […]
CSAV, CMA CGM, and China Shipping have suspended a loop connecting Asia with Central America and the east coast of South America, and will add two calls from the pulled loop to another service they jointly operate. The lines have suspended a loop dubbed PEX2 (loop 2) by CMA CGM, ACP by CSAV, […]
Mediterranean Shipping Co.’s Belgian branch has set up a new system to encourage inland matchbacks of its containers allowing importers, exporters and truckers to round-trip into Antwerp.
Maersk Container Industry (MCI), the container manufacturing business unit of the A.P. Moller-Maersk Group, said Friday it has started construction on a new factory in San Antonio, Chile, to produce refrigerator containers for Latin America’s export boom. The $170 million factory is scheduled to begin operating by the end of 2013, with an […]
David Noe, vice president of sales, marketing and customer support in the Americas for APL, died Thursday following a protracted illness. He was receiving care in Texas at the time of his death. His age was not available at press time. Noe spent 26 years with APL. He worked in a variety of roles […]
Swissport International, a provider of ground services to the aviation sector, has started cargo handling at Tokyo’s Narita Airport, securing its first contract there with Virgin Atlantic Cargo. The Zurich-based provider has been operating passenger ground handling and ramp services at Narita for several years. Swissport’s handling warehouse in Narita South has ramp access […]
The International Transport Workers Federations said it was concerned that an accident similar to the refrigerated container explosions that have killed three workers ashore could occur on a ship. “Whilst, of course, the explosion of a container ashore is a tragic event, we think that a similar explosion on board a vessel could […]
DB Schenker made European rail freight history Friday with the first arrival of a regular new weekly container train from Poland to the United Kingdom. The train is the first regular rail freight service to use the High Speed 1 rail route, the only European sized railway in the United Kingdom. As a […]
Containership operators are ordering ever larger vessels in the face of a weak freight and time charter market due to a desire to control the effect of rising bunker costs, said U.K. ship broker Braemar Seascope. The ship ordering activity “may appear to be counter-intuitive,” Braemar said in a release Thursday. In fact, […]
MCC Transport, the intra-Asia specialist carrier of the A.P. Moller-Maersk Group, said this week it has revised the rotations of several of its services calling at Philippine ports. MCC’s IA7 service will expand its rotation to a three-week round trip covering Sihanoukville, Laem Chabang, Tanjung Pelepas, Singapore, Batangas, Manila, Kaohsiung, Yantian, Hong Kong, […]
Rising costs in China are prompting high-tech companies in Asia to explore alternative sourcing locations within the region as well as in North America, according to a new UPS survey.
The city and port of Oakland have applied to the U.S. Department of Transportation for a $40 million grant as part of a negotiated plan with an industrial developer to transform the former Oakland Army Base adjacent to the port into an international logistics center. Under the third round of the TIGER discretionary […]
The Working Party on the Accession of the Russian Federation to the World Trade Organization Thursday approved the terms and conditions for Russia’s accession to the WTO. The decision marks the final step in the process before WTO ministers decide to formally invite Russia to become a WTO member, which is due to take […]
The Commerce Department reported Thursday that U.S. exports of goods and services in September increased 1.4 percent from August to a record $180.4 billion. September’s exports of goods ($129.3 billion) were the highest on record, with record exports in both industrial supplies and materials ($44.4 billion) and consumer goods ($15.4 billion). U.S. imports […]
U.S. import volume declined 1 percent in October, according to figures released this week by the trade intelligence firm Zepol Corp. Volume in October, as measured in TEUs, grew 0.3 percent against that in September. Year to date, U.S. inbound volume is up 1.1 percent over 2010. Zepol said shipments from Europe […]
Champ Cargosystems, a provider of integrated air cargo applications, has acquired Traxon Europe, a developer of electronic communications services to the air cargo industry. The deal was agreed to by Champ, and Lufthansa Cargo and Air France, the majority shareholders of Traxon Europe. Financial terms were not disclosed. “By selling our stake in […]
