Looking ahead, ZIM’s primary focus will be on profitability, and the Israeli ocean carrier will focus on markets where it has a competitive advantage, said Eli Glickman, the carrier’s president and chief executive officer.
According to CSX CEO Hunter Harrison, the plan to transition the Jacksonville, Fla.-based Class I to his so-called “precision scheduled railroading” program requires a “complete and thorough examination of each and every detail of CSX’s network.”
Despite a positive outlook for the rest of the year in the container shipping industry, the 78 new mega ships in the orderbook will likely push capacity and rates over the edge, according to market intelligence platform Xeneta.
As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support for major acquisitions and expansion of existing businesses in the future.
Ship and dockworker unions are protesting a decision by Liberty Maritime to employ deck and engineering officers from the AMO to operate its newest U.S.-flag ship, rather than using those of its longtime union, MEBA.
The Owner-Operator Independent Drivers Association says it supports a delay to the electronic logging device mandate due to a growing number of reasons, including what it characterized as a lack of preparedness by state law enforcement agencies nationwide.
The Danish ocean carrier will join Hapag-Lloyd’s JMCSA service from Mediterranean ports to Montreal in September, just as Europe and Canada initiate the Comprehensive Economic and Trade Agreement (CETA).
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
The states of São Paulo and Rio de Janeiro, which have the highest rates of cargo theft in Brazil, are jointly responsible for 87 percent of cargo theft in the country, according to Sensitech.
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone industry rather than on a case-by-case basis.
Status of End-Use Monitoring of Dual-Use Exports A GAO report which found that the Export Bank’s dual-use exports were in compliance with exceptions to satellites sold to Mexico and construction equipment sold to Cameroon military. Information collection request regarding import duties and/or taxes U.S. Customs and Border Protection will be submitting an information collection request […]
With operations suspended through Wednesday for many areas, and longer for others, analysts have estimated that freight rates will spike as cargo transport will be affected for up to the next month.
Amid the German ocean carrier’s merger with United Arab Shipping Co., operating results increased with a 14 percent rise in transport volumes, while overall earnings dropped due to “one-off effects related to the UASC transaction.”
At the current pace of capacity increases by major ocean carrier alliances, at least two services between Asia and Europe may need to be terminated to compensate for recent rate hikes, according to a new analysis from maritime consultant SeaIntel.
China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.
The Delaware River Deepening Project, which has been in the works for 25 years, will increase the depth of the shipping channel in the Delaware River from 40 to 45 feet to accommodate new and larger cargo vessels.
The North Atlantic port handled 576,947 TEUs in July 2017, an 8.4 percent increase from the same month a year ago, according to recent data from the Port Authority of New York and New Jersey (PANYNJ).
WABCO Holdings’ $145 million purchase of RH Sheppard Co., a Pennsylvania-based, privately held supplier of commercial vehicle technologies, is expected to close by the end of the third quarter.
The Maritime and Port Authority of Singapore and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan will helm a group studying the feasibility of LNG bunkering for car carriers between the two countries.
The CMA CGM Theodore Roosevelt’s Virginia port call broke a short-lived record for ship size that was established in May, when the 13,000-TEU COSCO Development set the new high water mark in Norfolk Harbor.
