NYK Line, Hanjin Shipping, and Evergreen Line are starting a new service connecting the Far East and Indian Subcontinent, according to American Shipper affiliate Com Pair Data. The new five-ship service will have a rotation of Busan, Shanghai, Ningbo, Shekou, Singapore, Mumbai, Pipavav, Colombo, Singapore, Hong Kong, and Busan. NYK will provide two […]
Correction: An item in the Oct. 18 edition of AS Daily about Mediterranean Shipping Co. (MSC) joining CMA CGM and CSAV in a vessel sharing agreement on the Asia-West Coast South America trade incorrectly portrayed the status of an MSC service. According to the agreement, CMA CGM and CSAV will withdraw one of their two […]
The Italian all-cargo airline Cargoitalia said Friday it has established a new division, called Cargoitalia Ondemand, to cater for its growing air, crew, maintenance, and insurance (ACMI) and charter business. The division will be headed up by Giacomo Sciuto as charter and ACMI manager. Sciuto has been with the airline since its relaunch […]
Negotiators from the United States and the Trans-Pacific Partnership member countries met Saturday for the ninth round in Lima, Peru. Agreement is sought by the Asia-Pacific Economic Cooperation Leaders Ministerial meeting in November.
The European Union on Friday agreed to Russia’s accession to the World Trade Organization, expected to take place in December. The United States welcomed the decision.
On Friday, John Bryson was sworn in as the United States’ 37th commerce secretary. The White House said Bryson will focus on the president’s National Export Initiative goals. Bryson replaces Gary Locke, now U.S. ambassador to China.
Stolt-Nielsen said Monday that it has agreed to acquire a tank farm in the Port of Moerdijk in The Netherlands from Den Hartogh Holdings. Completion of the acquisition is subject to agreement on final contract, and the transaction is expected to close on December 31. The terminal consists of 30 stainless steel tanks with […]
Washington Notebook By Eric Kulisch Nobody likes to pay higher taxes or tolls to use roads and highways because we’ve become conditioned to feeling that these are free assets that once built last forever. That mentality has made it difficult to pass a surface transportation reauthorization bill to fund highway maintenance, new capacity […]
Horizon Lines said its common stock will begin trading on the OTCQB Marketplace, effective Thursday, Oct. 20. Previously the stock had traded on the New York Stock Exchange (NYSE). The stock will now trade under the ticker symbol HRZL. The transition to the OTCQB comes after the NYSE announced that trading of […]
The parent company of OOCL said the Hong Kong-based container line carried 1,315,496 TEUs in the third quarter, 6.6 percent more than in the same 2010 period, but total revenues decreased by 8.3 percent to $1.44 billion. The company saw increases in container volumes in the Asia-Europe (+12.3 percent), transatlantic (+19.9 percent), and […]
COSCO Container Lines said on Thursday that it’s adjusting the rates and fuel surcharges it assesses on trade from the Far East to the Middle East. COSCO will hike rates on shipments from the Far East to the Persian Gulf by $200 per TEU from Nov. 1. Applicable destinations include ports in Iran, […]
Southern Air entered an agreement Thursday to lease two Boeing 747-400 freighters from Aircastle Ltd. The planes are expected to enter commercial service during the first quarter of 2012, as part of Southern Air’s renewal and business expansion program. “We look forward to further developing our relationship with Aircastle as we continue to renew […]
The Lake Carriers’ Association (LCA) said cargo hauled on the Great Lakes in U.S.-flag vessels is responsible for more than 103,000 jobs in the United States that pay an average annual wage of $47,000.
Canadian National Railway and food broker and logistics company Agri-Food Central said Thursday they have reached an agreement to improve the supply chain for specialty grains moving from Western Canada to Mexico via rail and to other markets including those in Latin America through Atlantic, Pacific and Gulf coast ports served by CN. Agri-Food […]
Rand Logistics said its Canadian operating subsidiary Lower Lakes Towing had completed the previously announced acquisition of a U.S. flagged bulk carrier on Oct. 14, that it has subsequently re-flagged in Canada. Scott Bravener, president of Lower Lakes, commented, “The acquisition of this vessel expands our fleet at a price well below replacement […]
Union Pacific said it had profit of $904 million in the third quarter, 16 percent more than the $778 million earned in the same 2010 period. Revenue at the Omaha, Neb.-based railroad was $5.1 billion in the quarter, 16 percent more than $4.4 billion recorded in the third quarter of 2010. The […]
Kansas City Southern Railway said it had profit of $100.1 million in the third quarter ending Sept. 30, compared to $52.8 million in the same 2010 period. Revenue was $544.5 million in the quarter, 24 percent more than the $438.3 million in the corresponding 2010 period. The comparable results from last year’s […]
DHL Global Forwarding said it is widening its focus to include the logistics of marine spare parts. The company has opened an office, what it calls the “global marine spare parts logistics control tower,” in Singapore and said it is “well positioned to capitalize on the $1 billion shipping spare parts logistics industry […]
Dachser Transport of America (Dachser USA), the U.S. subsidiary of Kempten, Germany-based Dachser GmbH & Co. KG., has opened a new office in Dallas to provide logistics services to shippers in the North Texas and Oklahoma markets. Janis Mullman, a 25-year industry veteran, has been appointed office manager. By mid-2012, the office is […]
Foye The Port Authority of New York and New Jersey’s board of commissioners on Thursday confirmed Patrick J. Foye, New York Gov. Andrew Cuomo’s recommendation to be the executive director of the bistate agency. See: Foye tapped to lead NY/NJ port authority At its monthly meeting, the board also authorized $13.8 million […]
