The liner carrier CMA CGM said Wednesday it plans to raise rates and assess peak season surcharges on a handful of trades this month. The rate increases, which went into effect Oct. 1, are: •From Northern Europe to the Persian Gulf and Red Sea, $100 per 20-foot container and $150 per 40-foot […]
TNT Express said Thursday it expects muted growth for its Europe, Middle East and Africa (EMEA) business and “continuing negative performance” in the Americas. In its third quarter business update, TNT said trading was “relatively resilient” in its EMEA region, with cost controls helping to “mitigate revenue pressure.” In the Americas region, […]
Swiss freight forwarder Kuehne + Nagel has opened a new distribution center in Cartagena. The new facility has 10,000 square meters of warehouse space and 11,000 pallet positions at the Contecar complex at Cartagena, a key transshipment in northern South America. The site can be expanded to 20,000 square meters and is intended […]
Downward spiral?
U.S. Customs and Border Protection has created an internal version of the Trade Support Network to better pulse frontline employees about what functions they expect from the Automated Commercial Environment.
The U.S. House Ways and Means Committee on Wednesday advanced implementing legislation for free trade agreements with Colombia, South Korea and Panama. “For too long, America has sat on the sidelines, losing ground to foreign competitors in nations that have already implemented trade agreements with these countries,” the committee said in a statement. […]
Commerce Department’s Undersecretary for International Trade Francisco Sánchez will lead a U.S. trade delegation to Qatar and the United Arab Emirates on Oct. 30-Nov. 3 to promote U.S. goods, services, and technologies in the multi-modal transportation and energy infrastructure sectors. Representatives from 14 U.S.-based companies, including Boeing, Dais Analytic Corp., DBi Services, Herzog […]
Sunset Transportation, a third party logistics provider, has opened a new regional office in Des Moines, Iowa. The company appointed Jim Ackermann to regional sales manager for the office. He brings 27 years of transportation experience, including operations, national accounts, and local sales.
Container traffic at India’s 13 state-owned ports grew 4.3 percent in the first half of its current fiscal year, which ended Sept. 30, according to statistics from the Indian Ports Association. The statistics do not include traffic at privately-owned ports, such as Mundra and Pipavav, which have become key cargo gateways in recent […]
In an effort to tighten capacity, the New World Alliance has pulled a transpacific service connecting northeast Asia with California ports.
Nearly half of the container ship capacity on order, or 48 percent, have capacities of more than 10,000 TEUs, according to analysis by Alphaliner. The average new container ship size is about 6,100 TEUs. “It appears that the container carriers’ answer to the challenges of sustainable shipping and the reduction of emissions […]
CMA CGM and Maersk Line are amending the rotation and vessel deployment of their joint service between the Far East and the Black Sea, according to schedule research from American Shipper affiliate ComPair Data. The service, which CMA CGM calls BEX3 and Maersk calls AE3, will add a second westbound call at Port […]
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 […]
