Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
The FMC chair says if freight rates don’t improve to recoup carriers’ cost of capital, the industry “points toward more consolidations, mergers and acquisitions.”
Loaded imports were mostly flat and loaded exports decreased, but empty containers grew by double-digit percentages at both ports last month.
Seaboard Marine also will launch additional services in June linking Savannah to South America, Central America and the Caribbean.
Meeting the IMO 2020 sulfur regulation should not be a problem for owners when the regulation enters into force in January 2020 but making certain that the enforcement of the regulation is uniformly applied across the globe could prove problematic. International Maritime Organization (IMO) regulations are not enforced by the organisation itself, but rather by […]
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net income of $12.5 million for the first quarter, down from the $14.2 million it reported a year earlier. But earnings per share of $0.29 managed […]
One of North Korea’s largest coal-hauling vessels has been taken out of service by U.S. authorities in the first-ever cargo ship seizure related to sanctions violations by Pyongyang. The vessel Wise Honest, a 30-year old, 17,000-ton bulk carrier, was used to ship coal to China and Indonesia in exchange for delivering cargoes of heavy mining […]
There are reasons to be optimistic about rates in both the crude and product tanker sectors – and INSW’s fleet spans both categories.
A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.
The companies will “collaborate on a wide range of cross-industry initiatives” and integrate their systems.
CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.
Crude tanker owner DHT Holdings believes the stage is now set for a pronounced upswing in rates.
The high import levels expected through the summer are driven by a rise in retail sales and plans to increase and broaden the tariffs against China.
Containerized import volume was up 7% year-over-year, but port officials “are concerned about what comes next.”
Justin Pinchback is hired as chief people officer and Bookda Gheisar is named senior director for equity, diversity and inclusion.
The settlement affects 17,519 drivers who entered into vehicle lease and independent contractor operating agreements between 2007 and 2017.
Enhancement of routing and scheduling software designed to help transportation planners “do more with less.”
But the company says revenues are up and predicts an increase in operating revenue for 2019.
