In 2009, as liner carriers struggled with a historic drop in container cargo demand, the Port of Los Angeles lent a hand of support. Los Angeles gave carriers a 6 percent rebate on the fees they paid the port – around $35 million in total – as a goodwill gesture to customers in a […]
The Port of Los Angeles is working with the U.S. Department of Commerce to assist local garment manufacturers penetrate second-tier Chinese cities with their products.
The commercial truck scarcity predicted for the past two years is starting to become reality, forcing shippers to rethink how to keep their supply networks functioning smoothly.
Today marks the official start of Maersk Line’s new Daily Maersk product between Asia and northern Europe. The Danish line will offer daily cut-offs at four origin ports in Asia and guaranteed transportation times to three key northern European ports, using its Asia-Europe service network and 70 own-operated vessels. The service is […]
FESCO Russian Pacific Line said Friday that it will link Tacoma and the eastern Russian port of Vladivostok with a breakbulk/Ro-Ro, and project cargo service beginning Nov. 17. The new service will have a transit time of 14 days. “We are introducing this improved service to meet our customers’ growing needs to […]
Trailer Bridge, which operates between the U.S. mainland, Puerto Rico, and the Dominican Republic, said Ivy Barton Suter, chief executive officer, had resigned effective Friday, October 21. Effective immediately, William G. Gotimer, Jr., executive vice president, general counsel and secretary, and Mark Tanner, vice president of administration and chief financial officer, were appointed […]
The liner carriers Mediterranean Shipping Co. (MSC) and CSAV will start a jointly operated service between the west coast of South America and northern Europe. The service, dubbed Ecuador Express by CSAV, will have a rotation of Guayaquil, Balbo, Cristobal, Bremerhaven, Rotterdam, Antwerp, Balboa, and Guayaquil. It will be operated with six vessels, […]
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.
