Maritime

The rotation of the new service connects Turkey with Europe and Canada and will be served by eight 5,500-TEU ships.

Freight rates for biggest ships fall below those of smaller ships, but that is set up for rebound, market experts say.

Cargo undamaged by the early January fire cannot be discharged in the Bahamas and a containerized terminal berth in the vicinity may not have enough capacity.

A National Association of Manufacturers survey, which coincided with a speech by Vice President Mike Pence, found concerns remain about infrastructure.

Soren Skou said biggest ocean carrier is more customer-centric than ever, but vessel reliability and detention fees still a pain for customers.

The Transportation Institute credits the Jones Act for the industry’s employment of nearly 650,000 Americans and contribution of $154 billion to the nation’s economy.

Biggest trade lane into North America saw price surge last year that may not ease up much as double-digit increases seen in rates for 2019.

Jörg Sommer is named CEO of StreetScooter; Tammy Leurquin is hired as chief technology officer; and Casey Taylor is appointed as vice president of sales.

The North Carolina-based company also reported Tuesday its LTL revenue per hundredweight increased 9.6 quarter-to-date over 2018.

No injuries were reported from the Saturday incident in which the Safmarine Nokwanda struck the Tianjin, which was docked at the port.

Demand for container shipping in the transpacific was another major topic at TPM19.

Marseille, France-based maritime container shipping giant CMA CGM generated record revenues of over USD$23 billion but suffered a huge 91 percent slump in profitability after the group experienced several massive cost increases.

GrainCorp, an agribusiness and bulk-ports operator, has agreed to sell its Australian bulk liquid terminals business to independent bulk liquid storage company, ANZ Terminals, for about AUD$350 million (USD$248 million).

Refineries and supply chain not ready for ocean shipping’s uptake of new fuel; even heating oil prices possibly in play during election year.

French carrier says CEVA acquisition will create $30 billion company offering door-to-door logistics.

The launch of Scan Reach’s digital connectivity mesh network system will allow smaller vessel owners and their customers to reap the benefits of the digital age at an affordable cost.

Liner alliances in a quandary about what to do with largest capacity ships as cancelled port calls increase to deal with capacity glut.

FMC kicks off industry innovation teams in an effort to develop “transparent and standardized language for detention and demurrage practices.”

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

Shipping lines with direct service calls to the port and that do not transship within 250 nautical miles are eligible for the incentives.