Maritime

Hapag-Lloyd (FSE: HLAG) reported first-quarter results that were better than expected thanks to strength in its trans-Atlantic franchise, better exchange rates, and the one-time effect of an accounting rule change. Owner of the fifth-largest container ship fleet globally, Hapag-Lloyd reported net profit to shareholders of $104.4 million, based on the average exchange rate for the […]

Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.

Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.

It’s rough out there in the dry bulk ocean shipping business. New York-headquartered Genco Shipping & Trading (NYSE: GNK) posted a net loss of $7.8 million in the first quarter of 2019, compared to a net loss of $55.8 million in the same period last year, when losses were driven by a non-cash impairment charge. […]

Effective May 28 the maximum authorized draft for vessels transiting the canal’s Neopanamax locks will be 43 feet, down from 50 feet at the beginning of the year.

Pricing, procuring and planning ocean and rail freight was for years a dark art practiced by a cabal of freight forwarders and logistics professionals. But the ethos of many transport tech start-ups is making those once opaque tasks more easily accessible. Kontainers Chief Executive Graham Parker said during a panel discussion at Transparency 19 that […]

Members of the International Longshore and Warehouse Union (ILWU) in British Columbia will vote on authorizing a strike, setting the stage for potential disruptions at the Ports of Vancouver and Prince Rupert. Longshore chapters of the ILWU will vote on May 8 and 9, according to a notice sent by the union’s national leadership. If […]

APL Logistics, Kinedyne LLC, Port of Virginia and Sea Machines introduce new hires.

Some shippers have not yet posted general average and salvage security.

The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.

The Transportation and Infrastructure Committee favorably reported the Full Utilization of the Harbor Maintenance Trust Fund Act with one lawmaker voicing opposition.

Members of the International Longshore and Warehouse Union have been negotiating with employers for 17 months to replace the contract that expired on March 31, 2018.

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

The containership chartering company also increased its operating revenue by $28.4 million in its first full quarter since merging with Poseidon Container Holdings.

She previously worked in the Transportation Department in various roles from 2003 to 2008.

Australian ports recorded in excess of 1.94 million twenty foot equivalent (TEU) container movements during the first quarter of 2019. But freight forwarders sense a downturn may be about to happen…

NASDAQ-listed Eagle Bulk believes its ‘owner-operator’ model allows it earn more than ‘pure owner’ competitors.

Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day of the event illustrated the many ways up-and-coming companies are doing just that. Emerge Tech Grant Crawford, Chief Executive Officer of Emerge Tech, said the […]

XPO Logistics, Inc. (NYSE:XPO) was prepping late last year for a massive acquisition, one that Chairman and CEO Brad Jacobs said Tuesday would have effectively doubled XPO’s $17 billion a year size “in short order,” before it shifted gears and launched a sizable stock repurchase plan in a bid to capitalize on the equity’s low […]

A chief human resources officer is hired and an interim managing director is appointed.