Cargo container numbers edged up 2.7 percent last month at the Port of Long Beach, making for the Southern California seaport’s busiest May since 2007. Los Angeles handled 689,141 TEU, an 8.2-percent increase over May 2013.
“Bold standards” that cut new heavy truck fuel consumption by 40 percent compared to 2010 levels would deliver significant environmental and economic benefits, according to a new report commissioned by two environmental groups, the Environmental Defense Fund and Ceres. President Obama has directed the National Highway Traffic Safety Administration and the U.S. Environmental […]
“Financially troubled deep-sea ocean carriers are increasingly seeking salvation in the intra-Asia market due to higher than usual cargo growth and the availability of cheap vessel charter rates,” said Drewry, the London-based consulting and research company. The most recent issue of Drewry’s Container Insight Weekly reported that it seems that regional services are […]
HMM, Korea’s second largest carrier after Hanjin, will sell 6.81 million convertible preferred shares worth 57 billion won to Market Vantage Ltd. and make a similar sale to Market Vantage in the second half of the year.
The U.S. agriculture secretary will discuss the expansion of agricultural trade between the two continents, the importance of agriculture’s role in the T-TIP, and benefits the trade agreement will have for both the U.S and Europe.
Myles J. Ambrose, who served as a head of the U.S. Customs in the early 1970s and later specialized as a private practice customs and international trade attorney in Washington, died on June 3. He was 87.
U.S. Customs and Border Protection has appointed David P. Higgerson to the director of its Laredo, Texas, field office. He was formerly director of the agency’s El Paso, Texas, field office. Higgerson succeeds Noel Sanchez, acting director of the Laredo field office and former deputy commander of the South Texas Campaign. As […]
The Agriculture Transportation Coalition has urged the ILWU and employers to “take action to keep U.S. West Coast ports (and the cargo that is dependent upon them) viable.”
The U.S. Maritime Administration is accepting applications until Sept. 30, 2016 for future marine highway projects. “Eligible projects should establish new or enhance existing marine highway services that reduce land-side congestion and increase the use of domestic marine transportation,” said MarAd, but do not have to parallel land-side routes, MarAd noted that’s […]
The Japanese shipping company bought a 30 percent stake in the Mexican logistics company CSI Group to expand its participation in Mexico’s burgeoning finished automobile trade in North America.
The Los Angeles City Council on Wednesday unanimously confirmed Gene Seroka, head of commercial in the Americas region for American President Lines, as the new executive director of the Port of Los Angeles.
There are plans to dredge the Yangtze and increase the navigation capacity of the Three Gorges Dam. People’s Daily reported China is also working on standardized ships for the Yangtze and developing energy-saving vessels.
R.J. Corman Railroad Group of Nicholasville, Ky., was selected by the board of the Northwest Tennessee Regional Port Authority to operate the nation’s newest multimodal inland port at Cates Landing, Tenn. “We see the Port of Cates Landing as having the potential for a wide range of prospective activities, where a modern berthing […]
The current officer supply is 610,000, a shortfall of 19,000. This shortfall is forecast to rise to 21,700 by 2018 given that there will be a need for an additional 38,500 officers by that time, according to Drewry.
Located in the Yinzhou Economic Development Zone, the plant will make various kinds of logistic equipment such as standard or special containers, CIMC said in a filing with the Hong Kong Stock Exchange. The factory will cost $482 million.
The rate increase is substantial compared to current spot rates measured by the Shanghai Container Freight Index, which stood at $1,183 per TEU to North Europe and $1,761 per TEU to the Mediterranean.
The U.S. Department of Commerce will continue its investigations on imports of the containers, with its preliminary countervailing duty determination due on or about July 17.
The agency said “unprecedented collaborative efforts” have put the port “in a better position to handle both current volumes and any potential diversions from the West Coast.” Last summer, there were long waits for truckers at the port.
Intermarine, the Houston-based project and heavylift carrier, said it will offer regular service from the U.S. Gulf and East coasts to the Mediterranean and Persian Gulf. “We are launching this regular service to the Mediterranean and Persian Gulf to provide a service that customers are demanding. They want customized, cost-effective shipping solutions to […]
FMC reviews 35 OTI license applications
