A proposed canal across Nicaragua to link the Pacific and Atlantic Oceans would extend 173 miles and cost $40 billion. Nicaragua President Daniel Ortega and Wang Jing, the chairman of China’s HKND, described the route selected for the canal and indicated that construction would begin in December, during meetings this week. In […]
Rail operator Naviland Cargo will increase the frequency of its Marseilles Fos-Strasbourg service from three to five roundtrips per week by the end of the year. The company announced its intention during a recent presentation in Strasbourg. “With 10 trains per week serving Strasbourg, transit times via Marseilles Fos are set to […]
In addition to the U.S., the other trading partners involved in the negotiations are Australia, Canada, China, Costa Rica, the European Union, Hong Kong, Japan, South Korea, New Zealand, Norway, Singapore, Switzerland and Taiwan.
Several terminals in Ports of Los Angeles and Long Beach were briefly closed Tuesday morning after members of the International Longshore and Warehouse Union honored picket lines set up by Teamster protesters.
“With the overall uncertainty already seen in the eastbound freight market, the central issue for shippers and carriers alike is maintaining service and schedule reliability,” explained TSA Executive Administrator Brian Conrad.
The Teamsters said Monday that they had shut down operations at three drayage companies servicing the Ports of Los Angeles and Long Beach that employ about 400 drivers, but it was unclear whether the protests would widely affect container terminal operations at the ports after the International Longshore and Warehouse Union announced a three-day […]
In a filing with the Tel Aviv stock exchange, Israel Corp. said a district court agreed to change the terms of the Israel government’s “golden share” so that state approval would be required only for transfers of more than 35 percent.
Hyundai Merchant Marine said it has taken delivery of the third in a series of five, 13,100-TEU ships being built at a cost of $129 million each by Daewoo Shipbuilding and Marine Engineering. Hyundai Drive has joined the G6 Asia-Europe Loop 6. A similar group of five ships was built by the […]
The International Longshore and Warehouse Union and employers represented by the Pacific Maritime Association said late Monday they had “agreed to take a 72-hour break from negotiations on a new coast-wide contract while the ILWU attends to an unrelated negotiation taking place in the Pacific Northwest.” The subject of that negotiation was not specified, […]
In the early 1950s, Diaz followed his father into the shipping business at Garcia and Diaz as a ship agent and manager. He later became vice president at Grace Lines and T.J. Stevenson Co., and then was named president of West Coast Lines.
Mundra will become India’s largest container port in next 24 months, with a total container handling capacity reaching 5.5 million TEUs, CMA CGM said. The companies plan to begin construction immediately.
“In the past, when transporting sensitive freight such as precision equipment, medical instruments or food products over land, it was necessary to use air-suspension trucks. However, air-suspension trucks have high costs,” the company said.
Drivers from three drayage firms began what they are calling an “unfair labor practice strike” at truck yards and marine terminals at the ports of Los Angeles and Long Beach Monday morning. The group Justice for Port Truckers, part of the Teamsters Port Division, said, “These unfair labor practice strikes are the fourth […]
The cranes, which are currently under assembly at the Newark, N.J., terminal, are only the most visible sign of a $500 million project to improve PNCT, with work extending throughout the facility.
Global Container Terminal is not the only facility at the Port of New York and New Jersey being upgraded. Port Newark Container Terminal expects to put into operation three new cranes, which arrived at its terminal in May, later this summer. The cranes, which are currently under assembly at the Newark, N.J. […]
At a meeting of the Long Beach Board of Harbor Commissioners on June 23, Al Moro, acting executive director, said the longer construction period may also raise the cost of the project, which the port had previously estimated at $1.2 billion.
ExxonMobil said it will invest more than $1 billion in its refinery in the port of Antwerp. The existing ExxonMobil refinery in Antwerp is one of the company’s best in terms of cost and energy efficiency, according to the Antwerp Port Authority. The new refinery will convert heavy, high-sulphur oil into cleaner products […]
NYK Stolt Shipholdings, a joint venture company by NYK and Stolt Tankers, the tanker division of Stolt-Nielsen Ltd., has ordered two 12,500-deadweight-ton parcel tankers from Japan’s Usuki Shipyard Co. Ltd. The two new vessels are the ninth and 10th vessels ordered, following the eight that the joint venture currently holds and operates, and […]
TransWorks and Raven Logistics have formed an alliance to provide shippers a “one-stop shop” for managing transportation by either rail or truck. TransWorks, based in Fort Wayne, Ind., develops and manages computer systems for transporting large shipments of truckload freight, handling 5 million shipments annually, while Raven Logistics, of Naples, Fla., offers rail […]
Hanjin Shipping said it had secured KRW 300 billion (about $297 million) through the spin off of its bulk shipping business to a new company that will be jointly owned by Hanjin and Hahn & Co., one of the largest private-equity companies operating in South Korea. Hanjin is contributing 36 vessels to the […]
