Less-than-truckload carrier Old Dominion Freight Line has completed an expansion to its Portland, Maine, facility. The renovated service center has 43 doors — more than 60-percent more doors than the original service center, Old Dominion said. The company entered Maine in 2005. The service center provides service throughout Maine, including Sanford, Scarborough, […]
The European Commission said Tuesday it has extended by another five years until April 2020 thevalidity of its existing legal framework exempting, if certainconditions are met, liner-shipping consortia from EU antitrust rules. The decision comes days after China scuttled plans for the P3 Network that Maersk, MSC and CMA CGM planned to operate […]
APM will fund the $35 million in improvements, which will raise the cranes 32 feet and extend the boom reach by 10 feet. Work is expected to begin this fall and be completed in 2016.
The PMA has released a study that cautions, “Should terminal charges at the West Coast ports increase as the result of the contract negotiations … the competitive logistics position of the West Coast ports will be eroded.”
Japanese carrier “K” Line announced on top of its recent eight-vessel building order, which will be delivered from 2015 to 2016, that it has ordered two additional car carrier vessels capable of carrying 7,500 car-equivalent units. The two vessels will be delivered in 2017 from Shin Kurushima Dockyard Co. Ltd., the carrier said.
Drewry said the decision to block the P3 Network “will probably postpone the stabilization of the over-supplied and unprofitable carrier industry, but the further development of mega-alliances will not stop here.”
The Georgia Ports Authority said it had record cargo volumes in May. The agency said 290,436 TEU moved through Savannah, 11-percent more when compared to May 2013. Breakbulk volumes were 266,734 tons, also an 11-percent gain over May 2013. Automobiles and other ro/ro cargo such as machinery volumes were up 7 percent to […]
The decision by China earlier this week to turn disallow the P3 Network should not be an obstacle to the operation of other vessel-sharing agreements, said Commissioner Richard Lidinsky of the Federal Maritime Commission.
The National Labor Relations Board has consolidated complaints against Green Fleet Systems that allege labor law violations and the violation of a settlement agreement reached with the International Brotherhood of Teamsters.
Israel’s Minister of Finance has said the country will not give up its so-called “golden share” in Zim. A notice on the ministry’s website said that the decision was made after a meeting with representatives of the Ministry of Finance, the Ministry of Defense, Ministry of Transport, and Ministry of Justice that heard […]
The Massachusetts Port Authority voted Thursday to approve a business plan and budget for fiscal year 2015 of $623 million, a 5-percent increase, or $31 million more than the previous year. “The plan will fund Massport’s commitment to key areas such as safety and security, supporting neighboring community programming, improving the customer experience […]
Doyle noted the FMC “did not have jurisdiction over the Asia-Europe service route; therefore, the FMC did not issue a decision with respect to that route.”
The U.S. Export-Import Bank voted this week to guarantee a $15 million loan extended by Rabobank International of Utrecht, the Netherlands, to Energyst to facilitate the export of Caterpillar power-generation equipment. “Ex-Im Bank’s financing will support the export of important power-generation equipment made here in America and for potential use in Africa or […]
The Port of Los Angeles will hold a public hearing on Thursday evening to receive public comments prior to considering the a request by APM Terminals to raise 14 existing container cranes and extend their reach booms at berths 401-404. APM plans to raise the cranes 32 feet and extend the boom reach […]
According to Drewry’s recently published 2014 Container Census report, high-cube, 40-foot containers, which it said will represent nearly 50 percent of the fleet, are cutting into the market for traditional 40-foot containers.
Asian shippers groups said they were pleased with the decision on Tuesday by China’s Ministry of Commerce to block formation of the P3 Network, a global vessel-sharing alliance set to commence on the major east-west shipping corridors.
The U.S. International Trade Commission has started an investigation into the global rice trade. The investigation, “Rice: Global Competitiveness of the U.S. Industry,” was requested by the House Ways and Means Committee. ITC will deliver the report to the committee by April 14, 2015. Specifically, the ITC will examine factors of competition […]
Hong Kong will permit the import of the full range of U.S. beef and beef products, consistent with access prior to the end of 2003. Previously, only deboned beef and certain bone-in beef from young cattle could be shipped to Hong Kong.
President Barack Obama has designated Meredith M. Broadbent, a Republican from Virginia, as chairman of the U.S. International Trade Commission for the term June 17, 2014 to June 16, 2016. Broadbent was nominated to the ITC by the president on Nov. 8, 2011. She was confirmed by the Senate on Aug. 2, 2012, […]
The Chinese Ministry of Commerce will not approve the proposed P3 Network between Maersk Line, Mediterranean Shipping Co. and CMA CGM, scuttling the effort by the three carriers to move the vessel-sharing agreement forward.
