The Westbound Transpacific Stabilization Agreement (WTSA) said its members intend to implement guidelines to increase freight rates for U.S.-to-Asia cargo, effective Nov. 1.
The A.P. Moller-Maersk Group said Wednesday it has agreed to sell its liquefied natural gas business to Teekay LNG Operating LLC and Marubeni Corp. for $1.4 billion.
Government officials in New Zealand said a containership that ran aground last Wednesday on Astrolabe Reef near Tauranga Harbor is leaking oil, losing containers, and has developed a crack.
Container shipping companies have ordered ships with about 2.4 million TEUs of capacity for $27 billion since September 2008, compared to 2.1 million TEUs of capacity for $30 billion before the financial crisis, said shipping research firm Alphaliner in its latest newsletter. Many vessels ordered before the financial crisis hit are still being […]
Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk’s on-time performance rose from 74 percent in August to 85 percent in September, while Hamburg Süd’s on-time percentage dropped […]
An India-Europe loop jointly operated by Mediterranean Shipping Co. and CSAV has undergone a rotation change from this week, CSAV said in an advisory. The service, called IPAK by MSC and IMEX by CSAV, will drop calls in Bremerhaven and add calls in Rotterdam, leaving a revised rotation of Rotterdam, Antwerp, Felixstowe, Jeddah, […]
China Shipping has dropped off a service it jointly operated with TS Lines between China and the Middle East, according to American Shipper affiliate ComPair Data. The service, operated with six ships (five from TS Lines and one from China Shipping), has also undergone rotation changes that will see calls in Nhava Sheva […]
A big-ship Asia/Europe loop jointly operated by Maersk Line and CMA CGM will begin using the Suez Canal for backhaul transits from Europe beginning Oct. 15, according to research from American Shipper affiliate ComPair Data. The service, operated with 10 ships (five from each carrier) has a rotation of Ningbo, Shanghai, Yantian, Tanjung […]
CMA CGM said Wednesday it plans to hike northern Europe export rates to Asia from Nov. 1. The increase, $100 per container, is applicable to shipments from U.K., northwest continent, Scandinavian, and Baltic ports to China, Japan, South Korea, and Southeast Asia.
MCC Transport, the intra-Asia liner subsidiary of Maersk Line, said this week it is adjusting terminal handling charges for west Malaysia ports to align its THC levels with its parent company. From Nov. 1, THCs in west Malaysia will rise to $340 per 20-foot container and $500 per 40-foot or 40-foot high-cube container. […]
Mediterranean Shipping Co. said this week it will raise rates on shipments from Japan to the United States from Jan. 1. The planned increase is $320 per 20-foot container, $400 per 40-foot container, and $450 per 40-foot high-cube container, applicable to U.S. West Coast, all-water, and inland point intermodal shipments.
The Containerization & Intermodal Institute (CII) will present the 2011 Connie Award to Robert Kenneth (Ken) Johns, former president of Sea-Land Service, for his significant influence on containerization in worldwide trade and transportation. Johns served as Sea-Land’s president and chief operating officer from 1979-87. Under his leadership, Sea-Land prospered as one of the […]
FedEx Ground, the small-package ground unit of FedEx Corp., said it has opened a $100 million major distribution hub in Kernersville, N.C. The 410,000-square-foot facility is located on a 125-acre site and features automated material handling technology that can process 15,000 packages per hour. With a projected future expansion, the hub could eventually […]
Air cargo specialist Amerijet International has opened a new 20,000-square-foot facility in Newark, N.J. “Amerijet is committed to its development strategy and Newark is a key market for our network expansion,” said Rich Hernandez, Amerijet’s regional manager, in a statement. Florida-based Amerijet operates offices worldwide, serving destinations throughout the Americas, Mexico, the […]
The Indianapolis-based trucking company Celadon Group said Tuesday it had purchased a 6.3 percent stake in USA Truck, a Van Buren, Ark.-based competitor. Celadon said it acquired the shares because it believes USA Truck’s common stock “represented a potentially attractive investment at recent prices.” Celadon added its “board and management team believe […]
CSX Transportation said it has work completed or construction underway at one-third of the clearance projects included in its National Gateway project and noted it was “on track for completion by 2015.” The project will create a double-stack freight rail corridor between Mid-Atlantic sea ports and the Midwest. Improvements are designed to […]
Kerry Logistics said Wednesday it has won a deal from Hugo Boss to manage its greater China distribution. The contract calls for Hong Kong-based Kerry to provide logistics services through two distribution centers – one in Hong Kong for the Taiwan, Macau and Hong Kong markets, and one in Shanghai for the mainland […]
To strengthen its position in the Dutch market, non-vessel-operating common carrier Ecu Line group has taken ownership of its warehouse facilities in Rotterdam. A 29-year lease has been assumed and the 13,800-square-meter terminal in the Botlek area will be completely renovated and equipped with the latest technology, the NVO said. Ecu Line, […]
The Port of Milwaukee has become the grantee status of Foreign Trade Zone No. 41 for Milwaukee and Southeast Wisconsin. Eric Reinelt, port director, said the U.S. Commerce Department’s Foreign-Trade Zone Board has approved the transfer of the zone from a private individual, Vincent J. Boever. The port now plans to promote […]
Thomas Timlen Asia liason officer, BIMCO tt@bimco.org On Second Thought… With the U.S. presidential campaign under way, we see candidates face the usual questions, yet it’s not always easy to get clear answers that would indicate their plans or priorities once elected. Global shipping has far more organizations and associations acting as industry […]
