Maritime

Heavy-lift carrier AAL’s new Vancouver office is expected to support its Pacific service, connecting North Asia with the U.S. and Canadian west coast.

The global freight forwarder opened a 155,000-square-foot third-party logistics center in Chelmsford, Essex to serve clients in the United Kingdom and overseas.

The third-party logistics provider opened a 251,000-square-foot warehouse in Fife, Wash., designed for high-volume, retail-compliant and quick-turnaround shipping.

Ocean carriers Maersk Line, CMA CGM and NileDutch announced general rate increases.

The Central Florida port says the service will open a new market for regional automobile and heavy equipment auctions.

Former Bethlehem Steel plant property at Sparrows Point, Md., evolving into something new.

Coos Bay seeks more cargo with a new leader, revitalized rail, plans for deeper channel.

Northwest Seaport Alliance helps Seattle, Tacoma ports prioritize spending, grow cargo volume.

Container Analytics with Ben Meyer    Last month, this column examined the possibility of Singapore-owned investment company Temasek Holdings selling Neptune Orient Lines, parent company of ocean carrier APL (“Who wants to buy NOL?,” page 48). Now, COSCO Container Lines and China Shipping Container Lines (CSCL) are reportedly in talks to merge at the request of the […]

   It’s long been said it’s the quiet ones that you have to watch out for.    In the global logistics industry, Warburg Pincus may best fit this description. The private equity firm and its senior management—which includes Timothy Geithner, former U.S. treasurer and head of the Federal Reserve Bank of New York, as its […]

   In a decision having to do with the theft of a cosmetic shipment (Blinc, Inc. v. AZ Miami Corp. U.S. District Court, S.D. Florida. No. 14–23998. June 30.), a federal judge agreed with a request by the plaintiff to remand a case back to state court.    On April 5, 2014, a shipment of […]

   Of course, one of the great benefits of container shipping is that a shipment can be placed on a chassis and trucked nearly anywhere.    But problems quickly arise if you want to remove the container from a chassis and don’t have a toplifter, crane or other piece of equipment to do so.   […]

   In August, Hapag-Lloyd announced it had placed its largest order ever for refrigerated containers—6,000 units, in fact.    The company said the order will enable it to “benefit from increasing transport volumes not just on east-west trades, but also on north-south and Latin American trades,” and follows its order in April for five10,500-TEU ships […]

The independent containership owner and manager signed a Framework Cooperation Agreement with the Export-Import Bank of China for up to $1 billion in export credit facilities.

General Electric is bidding on $11 billion in power projects that received a line of credit from the French export credit agency and may result in more than 500 U.S. jobs going overseas.

Spot container rates on major trades between Asia and Europe and the United States as measured by the Shanghai Containerized Freight Index fell 7.5 percent from last week to a reading of 622.60.

Spot rates as measured by the Shanghai Containerized Freight Index dropped 10.9 percent this week after falling 10.7 percent the previous week.

According to BlueWater Reporting’s Port Dashboard Tool two services currently connect Laem Chabang and Africa, meaning CMA CGM’s ASEA loop will become the third once it adds a call there in October.

The North American Chassis Pool Cooperative currently offers more than 8,500 chassis in three contributory gray pools: MCCP, COCP and SACP.

Jobs directly associated with port activity have increased more than 13 percent between 2012 and 2014, according to an economic impact study of the Port of New York and New Jersey.