Danieli The Israeli business newspaper Globes and Reuters are both reporting that Rafi Danieli plans to step down as chief executive officer of Zim and will become chairman of the container shipping line. Globes said Danieli has been with Zim for 35 years and served as CEO for five years, leading the company […]
Old Dominion Freight Line has opened additional container drayage facilities in Front Royal, Va., and Portland, Ore., increasing its number of drayage facilities to 20 across the country. “The facilities will allow Old Dominion to expand coverage in the mid-Atlantic and the Pacific Northwest and will also help us meet growing demand from […]
Talks continue between the West Coast dockworkers union and its employer representatives, despite passing the 5 p.m. (PST) contract expiration Tuesday. Shippers, meanwhile, are increasingly concerned about the lack of forthcoming details from the PMA and ILWU during the contract negotiations.
Similar to previous U.S. equivalency arrangements with Canada, the European Union, and Japan, the arrangement with South Korea eliminates significant barriers, especially for small- and mid-sized organic businesses.
“I don’t see that it is chassis any more than it is congestion,” said Fred Johring, president of Golden State Express. “As these big vessels have started coming in, it has taken these terminals to their knees.”
The current contract between the International Longshore and Warehouse Union and employers is due to expire tomorrow, July 1, but nearly all observers are expecting talks to continue.
Shareholders of Israel Corp. approved a debt restructuring agreement for Zim, but the company is still trying to negotiate an agreement over the “golden share” the Israeli government maintains in the company.
A senior executive at CMA CGM also said that the fact that the P3 will not move forward will have no impact on CMA CGM’s 2014 results, saying that the financial investment in the project was minimal.
CMA CGM said the first in a series of 28 new containerships with capacities of 9,400 TEU – 10,900 TEU will enter its fleet on June 30, with a design that it said signals its ambitions to be a leader in the refrigerated cargo business. The CMA CGM Danube will begin its maiden […]
“Even though a labor agreement is not expected to be reached by the June 30 deadline, the ILWU and PMA must remain at the negotiating table, without engaging in disruptions,” according to a recent study.
Nautilus Holdings, Ltd., a company that owns 16 containerships and charters them to various liner companies, filed for protection along with several affiliates under Chapter 11 of the U.S. Bankruptcy Code on Tuesday, citing the downturn in the container shipping industry. The ships have been on charter to companies such as Maersk, Evergreen, […]
The Task Force was created by the Port Authority with the New York Shipping Association in December 2013 to identify challenges and examine long-term recommendations to improve service reliability and efficiency.
The Maritime Piracy Humanitarian Response Program is asking that seafarers attacked and kidnapped by pirates be remembered on the International Maritime Organization’s Day of the Seafarer 2014, celebrated on June 25. “As the world celebrates the Day of the Seafarer 2014 and pays tribute to their dedication and contribution to global trade, MPHRP […]
Bloom brought INTTRA from a start-up to a firm that originates more than 23 percent of global container traffic. The company announced earlier this year he was stepping down, but was staying to help with transition to a successor.
Zim’s parent company said in a stock exchange filing last week that the liner company has held talks seeking a strategic partner, but said both its debt and the Israel government’s “golden” share were obstacles in those negotiations.
Port Canaveral has signed a 35-year agreement with GT-USA, the U.S. arm of Gulftainer, a terminal operator headquartered in the United Arab Emirates, to operate and further develop its container and multi-purpose cargo terminal.
OW Bunker, a distributor of marine fuels, has acquired marine fuel broker Wilhelmsen Marine Fuels, a subsidiary of Norwegian Wilhelmsen Maritime Services. Terms of the deal were not disclosed. Wilhelmsen Marine Fuels’ main activity is broking services from offices in Oslo, London and Singapore. The firm will continue as a separate business […]
Third-party logistics provider Yusen Logistics has started temperature-controlled, less-than-truckload services for food products in Indochina. “With reefer trucks often used for road transportation of food products and other chilled cargo, solutions can be costly with scheduling issues, as trucks sometimes need to be chartered even for small orders, or postponed until more cargo […]
The 15 container shipping lines that are members of the Transpacific Stabilization Agreement have delayed the effective date of a scheduled peak season surcharge of $400 per 40-foot container from June 15 to July 1, saying that the new date coincides with “expiration of various market rates on June 30. “The objective is […]
