Maritime

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued freight rate increases.

   After hitting an all-time low in February, dry bulk shipping rates have more than tripled. The Baltic Dry Index—which reflects estimates for the cost of moving a variety of different dry bulk commodities in different size ships on a variety of routes—has climbed from a record low of 290 to more than 900 in […]

   Consumers often base their purchases of fresh produce on appearance. Unfortunately, those fruits and vegetables with minor bumps, scuffs, bruises, and deformities end up left behind in farmers’ fields to rot.    According to the United Nations, between 20 and 40 percent of produce harvested each year is thrown away because it does not […]

   In a recent decision, the U.S. District Court for the Southern District of New York (SDNY) found a Forward Freight Agreement (FFA) between two companies was not a maritime contract and that the court lacked jurisdiction to enforce a judgment handed down by an English court. The case (D’Amico Dry Limited v. Primera Maritime […]

   No American shipper wants to experience a showdown between unionized dock labor and its employers any time soon.    That’s why it’s now more important than ever for shippers to continue to nudge dockworkers—those represented by the International Longshore and Warehouse Union on the West Coast and International Longshoremen’s Union on the East Coast—and […]

The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.

The Danish liner carrier has resumed service to Iran after a five-year absence and just a year and a half after the Maersk Tigris was fired upon by the Iran Revolutionary Guard Corps Navy.

Meanwhile, a judge in STX Offshore’s Korean bankruptcy proceedings has ordered the troubled shipbuilder to put its shipyard up for sale along with its profitable cruise ship subsidiary based in France, according to multiple media reports.

The transportation and logistics provider’s net income dropped 41 percent to $18.9 million compared with third quarter 2015 after a similar 43 percent year-over-year decline the previous quarter, according to the company’s most recent financial statements.

The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.

Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed by Macquarie Infrastructure and Real Assets, the company said.

The Federal Highway Administration released $1 million in emergency relief funds to help start road and bridge repairs across South Carolina in the recent aftermath of Hurricane Matthew.

Christopher G. Salis, a former global vice president of SAP, along with two associates, were charged in a federal indictment Thursday for their roles in a scheme involving insider trading and money laundering.

The Deutsche Post DHL Group subsidiary launched a new 23,600-square-meter automated parcel sorting and processing facility in the Changi Airfreight Centre at Singapore Changi Airport to serve as a 24-hour express hub for South Asia.

The Mondovi, Wis.-based temperature-sensitive truckload carrier posted a net income of $8.44 million for the third quarter of 2016 and $25.16 million for the first nine months of the year.

MatchBack Systems appoints commercial account manager for Europe, while Graybar names district VP in Seattle.

The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.

Are means, motive and opportunity enough for Maersk Line to make a move for South Korean ocean carriers Hanjin Shipping and Hyundai Merchant Marine?

Five leading shipowner groups have warned that unrealistic demands for carbon dioxide reductions could result in a shift toward less energy efficient transport modes.

The Omaha, Neb.-based Class I railway experienced year-over-year declines in net income and revenues for the third quarter of 2016, driven down by lower carload volumes and an especially weak coal segment.