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.
Maersk Line is adding two calls to a service connecting its Southeast Asia hub of Tanjung Pelepas with southeastern Africa. The line’s Safari 2 service, which it jointly runs with subsidiary line Safmarine, will add a call at Beira and a second call at Toamasina in mid-October. The revised rotation will be Tanjung […]
The liner carrier Mediterranean Shipping Co. said Friday it will raise U.S. export rates to the Far East beginning Nov. 1. The increases are $100 per 20-foot and $200 per 40-foot dry container, port-to-port, and $150 per 20-foot and $250 per 40-foot dry container for intermodal movements. For reefer cargo, the increases […]
India’s shipping ministry is concerned the country’s state-owned shipping line is treading on dangerous financial territory, according to an internal ministry document obtained by the Economic Times of India. According to the document, the Shipping Corp. of India (SCI) “is on the brink of financial collapse” and its plans to acquire 33 vessels […]
Japanese freight forwarder MOL Logistics (Japan) Co. Ltd. on Friday agreed to plead guilty and pay a $1.84 million criminal fine for its role in a conspiracy to fix certain fees in connection with the provision of forwarding services for air cargo shipments from Japan to the United States, the Justice Department said. […]
The Paris-based consulting and outsourcing company Capgemini has partnered with Oakland-based supply chain software-as-a-service developer GT Nexus, the companies said last week. The agreement calls on the companies to jointly market what they call “supply chain orchestration.” Essentially, the two companies will collaboratively sell supply chain applications across North America and Europe, enabled […]
The U.S. Export-Import Bank’s board on Friday, the last day of the federal government’s fiscal year 2011, approved $3.4 billion in financing to support U.S. exports from a wide variety of companies in the aerospace, oil and gas, locomotives, solar-energy and other industries. The bank estimates that this financing will support more than […]
The U.S. government on Friday signed an Export Trade Certificate of Review for the Latin American Multichannel Advertising Council (LAMAC), which will set the framework for an export joint venture of seven American entertainment firms to boost their exports to Latin America. “This is an important step toward realizing the tremendous export potential […]
