A CMA CGM and Delmas service connecting Tangiers with West Africa has split into two distinct loops with an added call in Valencia, according to American Shipper affiliate ComPair Data. The line’s Maltex service previously had a rotation of Tangiers, Dakar, Conakry, and Tangiers, served by two vessels. The split service will […]
A Maersk Line service connecting South Africa with the Middle East and India has omitted a call at Salalah, the carrier said this week. The line’s standalone Mesa service now has a revised rotation of Durban, Port Elizabeth, Jebel Ali, Port Qasim, Nhava Sheva, and Durban. The service is operated with six vessels […]
The Singapore-based shipping line PIL plans to delist a ship financing vehicle from the Singapore Stock Exchange, according to reports this week. The vehicle, called Pacific Shipping Trust (PST), was set up in 2006 to allow retail investors to participate in the ship-owning and financing market, with ships financed through the model chartered […]
Horizon Lines said it plans to complete a refinancing that includes an exchange offer with bondholders by Thursday. The nation’s largest operator of Jones Act container vessels said 99.3 of convertible senior notes due 2012 have been tendered as part of the exchange offer. Those bondholders will exchange about $330 million in […]
The liner carrier Mediterranean Shipping Co. said this week it will hike rates from Europe to the Middle East and Far East from Oct. 15. The increase is $100 per container and applies to all commodities. The increase will be applicable to all origin ports in Europe to all destination ports in the […]
Free flow
Ace Hardware next year will deconsolidate and ship import cargo to regional distribution centers from a new import distribution facility near the Port of Virginia. The home repair retailer said last week that the 336,000-square foot distribution center in Suffolk, Va., scheduled to be completed by May 1, will be located closer to […]
Con-way Freight, the less-than-truckload subsidiary of Con-way Inc., has appointed W. Gregory Lehmkuhl to president. The company also said Thomas W. Clark will become executive vice president of operations, the job Lehmkuhl previously held.
A bumper corn crop in China of 167 million metric tons, an increase of 9 million tons over last year is expected this year, according to U.S. Grain Council estimates released on Tuesday. The estimate was developed by the USGC’s China Corn Harvest Tour, which concluded its annual survey last week. “Demand […]
Kerry Logistics said it has started construction of its Asia regional logistics hub in Singapore. The four-story facility has a total area of 34,500 square meters (370,000 square feet) and will support regional clients with a full range of logistics services. Hong Kong-based Kerry said the hub will meet increasing demand from […]
The Norfolk Southern Railway plans to launch a new double-stack container service in mid-October connecting the Port of Virginia with customers in central North Carolina.
The South Carolina environtmental agency plans to deny a permit to the U.S. Army Corps of Engineers to deepen the Savannah River.
Customs inspectors in Guatemala are inspecting 100 percent of containers unloaded in Puerto Quetzal, according to a note Tuesday by liner carrier Mediterranean Shipping Co. “Unfortunately, the volume of inspections has overwhelmed the infrastructure of the port,” MSC said in a statement. It added that it expects a delay of four to five […]
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 […]
