ZIM says it is planning changes that will extend coverage and improve service between ports in the U.S. Gulf and East Coast with South America, the Caribbean and Central America. As of mid-June, the company said, it will offer the following fixed-day services in cooperation with MSC: North-South Express Service (XNS). Eight 7,000-TEU […]
Vilsack U.S. Agriculture Secretary Tom Vilsack has cited recent improvements to expanding Mexico’s consumer market to American agricultural products. Mexico’s expanded import ruling to allow increased potato imports from the United States went into effect Monday. The country has also recently announced the expansion of U.S. beef shipments, with a potential market value […]
The Maritime Safety Committee of the IMO on Monday approved changes to the Safety of Life at Sea convention that will require verification of container weights as a condition for loading packed export containers aboard ships.
An initial public offering of stock in Hapag-Lloyd is anticipated in 2015, according to executives at TUI, the German tourism company that is the former parent company of the container shipping company, which remains one of its largest shareholders, along with the City of Hamburg and Kuhne Maritime. Updating securities analysts on TUI’s […]
A pamphlet was officially released at the 93rd session of the International Maritime Organization’s Maritime Safety Committee in London on Tuesday to offer guidance to vessel operators on how to safely navigate the busy Straits of Malacca and Singapore. “The Safe Passage: The Straits of Singapore and Malacca” pamphlet is the result of […]
The Israeli container shipping company ZIM says it has finalized a financial restructuring plan that will leave it “strongly positioned for growth.”
The United States signed a Customs Mutual Assistance Agreement last week with Uruguay. The bilateral agreement helps the U.S. and Uruguay’s respective customs administrations to prevent and investigate customs offenses, including duty evasion, trafficking, proliferation, money laundering and terrorism-related activities. CMAAs also serve as foundational documents for subsequent information-sharing arrangements. “Customs authorities […]
With two years into the U.S.-Colombia Trade Promotion Agreement, the White House reported that U.S. manufacturers have substantially increased exports of transportation equipment, petroleum and coal products, processed food, and computer and electronic products into the South American country. U.S. farmers and ranchers have also witnessed strong growth of agricultural exports, including in […]
Port Freeport in Texas is expecting the delivery of two post-Panamax cranes by late July. The 300-foot-tall cranes, which can lift up to 75 tons, departed Shanghai by vessel on May 7. They will be delivered to Berth 7 at Freeport’s Velasco Terminal. “These cranes will allow the port to continue […]
A congressional watchdog agency warned that weaknesses in the National Aeronautics and Space Administration (NASA) export control policy and implementation of foreign national access procedures at some centers increase the risk of unauthorized access to export-controlled technologies. NASA policies provide center directors wide latitude in implementing export controls. However, NASA procedures do not […]
Cargo volumes were up because of a rebound in March, when 280,519 TEU moved through the port. In January and February, container volumes were off by 0.4 percent and 3.5 percent, year-over-year, respectively.
After a five-year absence, a new company has begun ferry service between Portland, Maine, and Yarmouth, Nova Scotia. The 528-foot long roll-on, roll-off passenger (ropax) ferry Nova Star was scheduled to dock in Yarmouth Friday morning after its inaugural 10-hour voyage overnight from Portland. The ferry will make one round trip per day, […]
The ports of Los Angeles and Long Beach have reported strong growth in container volumes in April. The Port of Los Angeles said container volumes in April were 706,037 TEU, an increase of 10.26 percent. Loaded inbound container volume was up 11.43 percent to 364,126 TEU, while loaded outbound containers was 172,945 TEU. […]
The U.S. Commerce Department this week initiated antidumping and countervailing duty investigations into imports of 53-foot domestic dry containers from China. Dumping occurs when a foreign company sells a product in the United States at less than its fair value, while countervailable subsidies are financial assistance from overseas governments that benefit the production […]
Hanjin Shipping said it had a net loss of 224.5 billion South Korean won ($219 million) in the first quarter of 2014, compared to a net loss of 34.7 billion won in the same 2013 period.
Chiquita plans to ship 60,000 TEUs to 70,000 TEUs of cargo per year via New Orleans, generating a 15-percent increase in container volumes at the Louisiana port. Chiquita’s ships called the port about 40 years ago.
The Israeli shipping line Zim says that its “marine operations, head office, agencies and customer service teams are all back to routine” after being disrupted by protests. “Further to recent reports regarding service disruptions in Zim offices in Israel due to labor dispute, Zim is glad to inform that the management and employees […]
Third-party logistics services provider UTi Worldwide has opened a new facility in the Houston area that will allow it to expand its work with the energy sector. “UTi sees the energy sector as a high potential growth opportunity and as such has invested resources in growing this vertical market,” said Bruce Hulings, global […]
Zim said Wednesday it will restructure its services between the United States and Mediterranean in cooperation with Hapag-Lloyd. Zim said the changes, aimed at introducing improved products and better services, are to be made in the third quarter, subject to approval by the Federal Maritime Commission. Zim said the changes will affect three […]
NOL Group, the parent company of the container shipping company APL and APL Logistics, said it had a loss of $98 million in the first quarter, compared to a profit of $76 million in the same 2013 period. Last year’s first quarter results had benefited from a $200-million gain from the sale of the […]
