U.S.-flag vessel operators on the Great Lakes have committed over $110 million in 2016 to maintain and upgrade their vessel fleets.
The forwarder established the Southern rail corridor, a multimodal service between China and Turkey that occupies a critical juncture within the Silk Road Economic Belt.
The Panama Canal Authority has yet to select a commercial opening date, but says it will be “soon after the inauguration” of the widened waterway following transit trial tests with a chartered vessel via the Atlantic locks in April.
Container shipping will see mergers and alliance shifts in 2016, but still rocked by overcapacity.
The latest BlueWater Reporting Carrier Report gives readers an industry insider perspective of the potential sale of NOL to CMA CGM, the company’s recent financial performance, and an analysis of APL’s fleet and network.
Ocean carrier APL, a subsidiary of Singapore’s Neptune Orient Lines, finds itself in an interesting position at present. Despite the formation of the G6 Alliance, of which APL is a member, the company has struggled to maintain profitability in the wake of the worldwide economic downturn. Carrier alliances were designed to save companies money […]
A U.S. District Court agreed in August to have antitrust lawsuits filed by shippers against roll-on/roll-off shipping companies dismissed. (In Re Vehicle Carrier Services Antitrust Litigation. U.S. District Court, N.J. No. 13-3306. MDL No. 2471. Aug. 8, 2015.) Now some of the shippers are asking Judge Esther Salas to reconsider her decision or […]
MER Group to operate ship demolition yards in Puerto Rico and Europe.
It’s not only liner companies like CMA CGM and APL or COSCO and China Shipping that are combining. In November, Triton Container International Ltd. and TAL International Group announced they would merge to become the world’s largest container-leasing company, with about 4.8 million TEUs of revenue-earning assets worth nearly $8.7 billion, or representing […]
The French Competition Authority has ordered a total of 20 companies to pay nearly $740 million in fines for alleged anti-competitive behavior in the French parcel delivery sector.
The improved productivity resulting from the institution of variable pricing would be worth $2 billion to $3 billion annually, according to estimates from management consulting firm McKinsey & Co.
Carriers will face continued competition from operators of both container and handy-size bulk ships, according to the London-based ship consultant’s latest Multipurpose Shipping Market Review and Forecaster report.
The Marseille Fos port authority’s Fos port-industry zone will become the site of France’s first demonstration plant for a ‘Power to Gas’ project.
The European shipping and transport company launched a daily rail freight shuttle between Italy and Rotterdam and Zeebrugge as part of a comprehensive multimodal link between England and Italy.
Inchcape Shipping Solutions became NileDutch’s new agent in Alexandria, Egypt.
Ocean carriers CMA CGM, Hapag-Lloyd, MOL, OOCL and Hamburg Sud issued general rate increases on several trade routes.
Changes to free time policies “must be carefully considered” and should not come until after a planned overhaul of appointment systems, the Los Angeles Customs Brokers & Freight Forwarders Association said in a letter last week to the Port of Long Beach.
The Evergreen Group’s Colon Container Terminal will be equipped to handle the much larger containerships that will be able to transit the Panama Canal when its expansion project is completed early next year.
Ocean carrier Hanjin will terminate its CKA loop between Asia and Oceania and will join a loop connecting Japan, Korea and China with Australia in February.
The Maersk intra-Americas affiliate’s “Atlantico” service from Altamira and Veracruz will offer rapid transit time to shippers of produce and other foodstuffs, according to a statement from SeaLand.
