Maritime

The third party logistics provider reported second quarter net profits increased, while combined revenues decreased.

July export container volumes at the Southern California port increased 15.9 percent from last July, despite the strong dollar, which made U.S. exports more expensive overseas.

Alliance members Maersk Line and Mediterranean Shipping Co. said their Asia-North Europe AE9/Condor service will cease operations Sept. 14 and will be deployed as a seasonal service if sufficient demand permits.

The Danish conglomerate has been affected by fallen oil prices and low Asia-Europe freight rates.

Central Gulf and later International Shipholding founder’s successful career in the U.S.-flag shipping industry spanned 60 years.

The terminal operating company signed a joint venture with Bogotá-based Compañia de Puertos Asociados S.A., to jointly operate the Cartagena Terminal, which they will upgrade and expand.

The MacArthur Lock, one of the two actively used locks at the Soo Locks complex, is closed until about Aug. 19, as repairs are taking longer than expected.

The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port”s history.

Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in July, a year-over-year decline of 9 percent.

The Port of Rotterdam Authority announced it’s investing around 32 million euros in dolphin configurations and the replacement of buoy berths.

FedEx Trade Networks appoints new COO, while RedLine Solutions names marketing director.

Overall cargo shipments through the St. Lawrence Seaway declined this season, however U.S. grain shipments are thriving.

Mediterranean Shipping Co. announced it will add a call to Dakar on its NWC-Canary-WAF loop.

The logistics services provider has opened a $20 million intermodal facility at Fremantle to offer importers and exporters access to its national freight network.

The third party logistics provider has signed a long-term contract with Universal Music to handle all its logistics operations in Brazil.

The Lakes Carriers’ Association reported year-to-date limestone shipments on the Great Lakes totaled 13,964,733 million tons, up 16 percent year-over-year.

   An AS Daily news report, “2M tops in TP summer schedule reliability“, on Tuesday should have stated that Hyundai Merchant Marine is part of the G6 Alliance, not CKHYE group.

Agreement between contractors and construction union means work will continue on the waterway’s new locks.

David Yeager, Hub Group’s CEO, will assume the duties of his brother until a replacement is found.

Earnings grow despite decrease in revenue as company benefits from lower fuel prices.