The United States on Friday said the dispute settlement process in the 2011 labor enforcement case brought under the Dominican Republic-Central America-United States Free Trade Agreement will not be terminated and will remain suspended for another four months as the United States seeks further progress by Guatemala on its labor obligations under the trade […]
Twenty U.S. firms will join Commerce Secretary Penny Pritzker on a trade mission to West Africa, which will visit Ghana and Nigeria from May 18-23, 2014. The trip will promote U.S. exports and expand U.S. companies’ presence in Africa by helping American firms launch or increase their business in the energy sector. The […]
CIMC sold 203,200 TEU of dry containers in the quarter, a decrease of 35 percent from the first quarter of 2013, and 40,300 TEU of reefer containers, an increase of 50 percent, year over year.
Reuters is reporting that Neovia Logistics, formerly Caterpillar Logistic Services, is exploring a sale “that could value the company at more than $1 billion.” Reuters cites “people familiar with the matter,” saying that the sale of Neovia would come just two years after the private equity firm Platinum Equity acquired 65 percent of […]
A surplus of Panamax-sized containerships, already a creating problems for liner companies in the North-South trades where they are helping drive down rates, is likely to get worse when the larger Panama Canal locks are opened at the end of 2015, says the London-based consulting firm Drewry in the latest issue of its Container […]
Container carrier OOCL moved 1,352,050 TEUs in the first quarter of 2014, 8.9 percent more than in the same 2013 period. The results are among the first reported by a major shipping company each quarter.
COSCO said it is scrapping 12 container ships and four bulk carriers to the breakers as part of a fleet decommissioning plan. According to a filing with the Hong Kong Stock Exchange, the vessels, with the aggregate capacity of 803,087 deadweight tons, were sold as scrap at a total consideration of approximately 466.49 million Chinese […]
Shippers in Singapore said they support development of a massive new container terminal in the western part of the country. In an audacious move, Singapore, home to the world’s second-largest container port, is simultaneously undertaking a huge expansion of its Pasir Panjang Terminal while making plans to eventually relocate container operations to Tuas […]
DP World said JBS, the Brazilian company that is the world’s largest supplier of beef and chicken, will switch all its U.K. imports from South America to DP World London Gateway, taking advantage of a new deep-sea shipping service coming into the port starting next week. The service is the River Plate Express […]
Responding to complaints about delays in hiring veterans, the New York Shipping Association and ILA said that they are “fully committed to implementing the hiring plan as outlined in our collective bargaining agreement.”
As they negotiate a new labor contract to replace the one that expires July 1, representatives of the International Longshore and Warehouse Union and Pacific Maritime Association should be thinking about how to make the ports more productive in the long term, industry officials say, and not just about the issues confronting the shipping […]
A Pennsylvania company and its chief executive officer were charged by the U.S. Justice Department on Wednesday for allegedly conspiring to evade export reporting requirements and attempting to smuggle a lathe machine into Iran. Charged were Hetran Inc., an engineering and manufacturing plant in Orwigsburg, Pa., and its chief executive officer, Helmut Oertmann. […]
The Port Authority of New York and New Jersey will offer incentives to boost automobile and truck shipments at its docks. The agency’s commissioners on Wednesday approved a five-year program to nearly halve the wharfage fee on additional vehicles moving through the port for manufacturers who exceed targeted volumes. Dennis Lombardi, the […]
With negotiations due to begin May 12 on a new labor agreement between the International Longshore and Warehouse Union and employers, Maersk Line has told shippers they could face hefty surcharges if there is port congestion resulting from any labor-related issues. While not specifically mentioning the ILWU contract talks, Maersk issued a customer […]
CSAV officials said “dissident shareholders” owning only 2.7 percent of its stock have asked to exercise appraisal rights, meaning its planned merger with Hapag-Lloyd can go forward.
The Waterfront Commission of New York Harbor said that the New York Shipping Association and ILA are dedicating most of their efforts to employing new workers from their own referrals “to the severe disadvantage of the veterans.”
Third party logistics services provider Pantos Logistics has expanded its international parcel delivery business by cooperating with Seino Transportation Co., Ltd., the largest ground transportation company in Japan. The joint service, named SP Express Co., Ltd., will be fully operational in Japan by the end of the month, the companies said. The service […]
The Port of Houston Authority said Tuesday that the U.S. Army Corps of Engineers has furnished it with a draft permit for the channel leading to its Bayport Container Terminal. Executive Director Roger Guenther told port authority commissioners that the draft permit for Barbours Cut channel dredging will follow soon. The projects […]
McAuliffe The governor of Virginia said APM Terminals is hoping to sell its state-of-the-art container terminal in Portsmouth and that talks will begin soon, according to an article in the Virginia Pilot. But, Gov. Terry McAuliffe told the newspaper that the price APM Terminals has asked for the facility was “unreasonable and unacceptable.” […]
FMC reviews 43 OTI license applications
