American Shipper

FreightWaves Staff Wednesday, October 5, 2011

U.S. corn producers watch China market

   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 […]

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FreightWaves Staff Wednesday, October 5, 2011

Kerry Logistics builds Singapore hub

   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 […]

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FreightWaves Staff Wednesday, October 5, 2011

Puerto Quetzal inspects 100% of import boxes

   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 […]

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FreightWaves Staff Wednesday, October 5, 2011

DP World: London Gateway will open in 2013

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

CSAV reduces Far East/Mideast capacity

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

East-west rates down 41% since July 2010 peak

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

Indian ship owners press for UN piracy force

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

Crowley adds 400 53-foot boxes

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

Sino-Global taps Huang as COO

   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.

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FreightWaves Staff Tuesday, October 4, 2011

China Southern first Chinese Cargo 2000 airline

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

Russian Railways plans trans-Siberian investments

   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 […]

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FreightWaves Staff Tuesday, October 4, 2011

Texas shipper pays $2.5 million for export violations

   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 […]

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