Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.
FNV Ports union, concerned about jobs being eliminated when two new automated container terminals open at the Port of Rotterdam, is planning 24-hour strikes in December and January, according to reports from Reuters.
The construction of a wide access channel to Port Said East, which will permit uninterrupted vessel traffic to the Suez Canal Container Terminal, officially received approval last week.
Saverco NV on Tuesday will enter the final takeover phase of the outstanding shares of Antwerp-based vessel and aircraft operator CMB.
Boston Consulting Group’s “xChange” service is already being tested by a majority of top 20 global ocean container carriers and leasing companies, according to a statement from the company.
Eight of the 19 crew members on board the Fortune Life were rescued as the ship sank in the South China Sea on Friday, and the Philippine Coast Guard continues to search for survivors of the wreck, according to news outlet Splash 24/7.
The manufacturer opened an 11,000-square-meter plant in Jiangyin, China, which will serve Asia, the Middle East and the United States West Coast.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
Port of Stockton names marketing manager and the Hong Kong Shipowners Association elects officers, while APEC reappoints secretariat executive director and Cargotec names IT VP.
This time last year anyone involved in America’s container trades was struggling to efficiently move an influx of inbound traffic out the marine terminals and into the country’s commerce. Some of this congestion could be blamed on the meltdown on the U.S. West Coast due the oft-contentious contract negotiations between the International Longshore […]
The loss of the cargo ship El Faro and its crew of 33 in Hurricane Joaquin on Oct. 1 is the biggest tragedy for the U.S.-flag merchant marine in decades. An investigation by the National Transportation Safety Board will likely take 12-18 months to complete and litigation growing out of the sinking is […]
Speaking this September during the A.P. Moller-Maersk Group’s Capital Markets Day, Kim Fejfer, chief executive officer of APM Terminals, said his division was “in a strong position in a fundamentally attractive industry,” even though it faces challenging market conditions. The company has set the goal to become the leading port developer and operator […]
It’s no secret, containerships are getting bigger. Unfortunately, port and inland transportation infrastructure in the U.S. simply hasn’t kept pace with the progressively larger vessels. One of the feature stories this month (“The big ship squeeze,” pages 28-30) examines the extent to which consumers may be subsidizing the cost of increasingly large containerships […]
APL is concentrating six U.S.-flag ships into a single transpacific string, called the Eagle Express (EX1), which will focus on trying to attract commercial shippers needing rapid transits eastbound. The service has some similarities to the CC3 service that APL formerly operated as part of the G6, but Jesper Stenbak, APL’s head of […]
State’s wine exporters find success, despite an intensively competitive market.
2015 has been a big year for mergers and acquisitions in the transportation and logistics industry, and roll-up powerhouse XPO Logistics is by no means the only well-known company getting in on the action. In fact, through the first three quarters of the year, 2015 is shaping up to have the highest value of […]
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.
Descartes Systems Group said Wednesday it has acquired Oz Development, a provider of application integration solutions that help small-to-midsized businesses automate their logistics and supply chain processes.
