American Shipper

The ocean carrier alliance will deploy 10,000-TEU vessels on its new NYX loop between Asia and the U.S. East Coast.

The Japanese ocean carrier saw revenues fall 17.1 percent year-over-year in the first quarter of 2016 to $1.1 billion.

The Omaha, Neb.-based railway saw earnings drop to $1.16 per share for the first quarter of 2016, compared to $1.30 per share for the first quarter of 2015.

The South Korean ocean carrier said it will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion.

The agreement between Rickmers and Bahri includes port calls on the U.S. East and Gulf coasts, as well as ports in Saudi Arabia, Egypt, Jordan, Kuwait, the United Arab Emirates, Iraq and Yemen.

The Federal Railroad Administration released data illustrating how there are 15 crossings across the United States where at least 10 incidents occurred over the last decade.

The Swiss-based third-party logistics provider broke ground on a multi-purpose logistics center in Contern, Luxembourg.

The inland river port’s inbound waterborne cargo throughout in March primarily consisted of fertilizer.

Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another port.

Absence of balanced SOLAS enforcement will lead to competition distortion and significant interruption to supply chains, European logistics organizations warn.

The International Air Cargo Association said the industry, especially the intermediaries, has a role to play in keeping products that infringe on intellectual property rights out of the supply chain.

Agriculture shippers ask Senate for help with overcoming “significant challenges” in ocean shipping that could hurt the American economy.

Federal Maritime Commission Mario Cordero said Wednesday the agency has not yet received a formal filing by the container carriers that plan to establish the new OCEAN Alliance.

China’s central bank will tighten finances to steel and coal projects to help accelerate the government’s culling of industrial overcapacity, while encouraging companies to export products and projects overseas.

The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United States West Coast starting in May.

Investment firm HCI Capital has taken over Hamburg-based shipping company Ernst Russ GmbH & Co., with its fleet of seven container and four ro/ro vessels.

The port’s throughput rose 0.2 percent year-over-year in the first quarter of 2016, as an increase in crude oil and oil products was offset by a drop in dry bulk and container volumes.

The global third-party logistics provider posted revenues of 5.6 billion euros for fiscal year 2015, a 6.5 percent year-over-year increase.

Wallenius Wilhelmsen Logistics has taken delivery of the third of eight new roll-on/roll-off vessels that will use the new, larger Panama Canal locks.