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 […]
The U.S. Environmental Protection Agency announced organizations across the country will receive $50 million to retrofit or repower trucks, locomotives, vessels and other diesel powered equipment with modern engines that produce fewer levels of harmful emissions. The competitive grants are part of the agency’s diesel emissions reduction program authorized by Congress in 2005. […]
The Port of Busan saw container volume rise 16.4 percent in September, to 1.3 million TEUs, according to the Busan Port Authority. For the year, the port’s volume has risen 13.6 percent, to 12 million TEUs. Export volume in September rose 13.9 percent, to 346,648 TEUs (though growth in September was flat […]
China’s hold on intra-Asia trade has reached equilibrium, says consultant Mathijs Slangen, of Seabury Group. The trade hasn’t yet decoupled from the global economy, but is moving that way.
While ports on the U.S. East Coast race to accommodate the expected growth in volumes from 2014 when the widened Panama Canal is set to open, it may not change trade flows all that much. Bigger ships are already moving via Suez.
Hapag-Lloyd said it has created a computer program that shippers can use to calculate the emissions of carbon dioxide, sulfur dioxide (SO2), nitrogen oxides (NOx) and particulate matter (PM10) resulting from transport of their goods. The German container shipping company said its “EcoCalc” tool covers emissions of not only the ocean leg, but […]
New Zealand authorities said removal of bunker fuel from the wrecked containership Rena resumed Thursday after poor weather caused suspension of pumping on Wednesday. Maritime New Zealand, the agency overseeing clean-up of the wreck, said 88 containers have been lost overboard and 29 are unaccounted for. The ship went aground on Astrolabe Reef […]
