DP World said it will open its London Gateway, a new global shipping port and logistics center on the Thames estuary, in the fourth quarter of 2013. The facility will have an initial capacity of 1.6 million TEUs. The Dubai-based terminal company said construction for the project began in 2010 and it […]
October editorial
MarAd gets earful
GAO will conduct a detailed study on the effect of the Jones Act in Puerto Rico, specifically its impact on the island’s economy and the United States.
Hainan PO Shipping and TS Lines have pulled one of their remaining two transpacific services, according to American Shipper affiliate ComPair Data.
CSAV Norasia has reduced its capacity on a service between the Far East and Middle East, according to American Shipper affiliate ComPair Data. The line has switched out four of the six vessels on its standalone Super Galex service, resulting in a roughly 18 percent drop in weekly capacity. The service rotation is […]
Drewry Maritime Research’s East-West Freight Rate index has lost 41 percent of its value since it peaked in July 2010, the London-based analyst said Tuesday. The index provides a weighted average of rates across key Asia-Europe, transpacific and transatlantic trade routes. Prior to the current slump, the index had more than doubled through […]
Piracy costs the global shipping trade more than $9 billion a year, according to Indian ship owners, who on Monday demanded that the United Nations set up a maritime force to halt pirates operating off the Somali coast in the Indian Ocean, the Associated Press reported Monday. The Indian National Shipowners Organization said […]
Crowley Maritime Corp. said to better serve customers shipping cargo between the U.S. mainland and Puerto Rico it has acquired 400 additional 53-foot dry high-cube containers and 375 53-foot chassis. “These new containers, which provide optimum value for shippers with low density, high-cube cargo, are particularly needed now as we enter the peak […]
Sino-Global Shipping America, a privately-owned provider of ship agency services, primarily in China, has appointed Zhi Kang Huang to chief operating officer. Huang joined Sino-Global in 2002 and has been in charge of the company’s overseas business since July 2008.
China Southern Airlines has become the first air carrier from mainland China to join Cargo 2000, an initiative to halve the number of individual processes in the air cargo supply chain. China Southern is the 30th international airline to join Cargo 2000, which has more than 80 airline, freight forwarder, ground handler, trucking […]
The Russian Railways will invest in infrastructure development projects in the Far Eastern region of the country valued at 246 billion rubles ($7.48 billion), said Valeriy Reshetnikov, the railroad’s senior vice-president on Tuesday in Khabarovsk during the plenary session of the Fifth Far Eastern International Economic Forum. Reshetnikov said the railroad introduced measures […]
President Obama on Monday sent pending U.S. free trade agreements with South Korea, Colombia and Panama to Congress.
The U.S. Commerce Department’s Bureau of Industry and Security on Monday said Flowserve Corp. and 10 of its overseas affiliates have agreed to pay a civil penalty totaling $2.5 million to settle 288 charges for violating the Export Administration Regulations (EAR) by making unlicensed exports and re-exports of pumps, valves and related components to […]
Richard M. Ertel of Spotsylvania, Va. pleaded guilty in U.S. District Court in Richmond, Va. on Monday to the illegal import and trafficking of sperm whale teeth, the U.S. Justice Department said. In specific, Ertel pleaded guilty to two felony violations of the Lacey Act for trading in endangered marine mammal parts. […]
The Port of Baltimore has seen laden import volumes rise 10 percent so far in 2011, while the Port of Seattle has suffered a 13 percent drop in imports, according to a new report from the trade intelligence firm Zepol Corp. The report summarizes U.S. imports in 2011, with detailed information on the […]
Maersk Line will integrate the internal support and management functions of its subsidiary line Safmarine, including closing offices.
Liberty Maritime Corp. has entered into a new collective bargaining agreement with the American Maritime Officers (AMO) union to operate its five U.S.-flag bulk ships.
Trade association USA Maritime issued a statement calling for strong support of cargo preference laws reserving government subsidized and guaranteed cargo for U.S.-flag ships.
