The project at the port in northern Chile, which calls for the construction of a third berth and the expansion of another, will cost upward of $350 million. Iquique is located in the Tarapaca region, about 1,118 miles from Santiago.
Stratford Land, a Dallas-based land investment and management company, has broken ground on RiverPort Business Park in Hardeeville, S.C. The property is located four miles from the I-95 interchange and 11 miles from the Port of Savannah and Savannah Hilton Head International Airport. It also incorporates an existing CSX rail/intermodal right-of-way. Stratford […]
The company will pay $630,000 in civil penalties and post a $300,000-to-$500,000 bond to satisfy any future potential penalties related to the import of model year 2014, 2015 and 2016 vehicles.
The Global Shippers’ Forum is calling for shippers to have a greater voice in global discussions as the debate on how to tackle maritime greenhouse gas emissions continues. GSF said it is vital that shippers have a place in the debate.
Groups representing drayage drivers in the Port of Vancouver, British Columbia, said Wednesday they had reached a deal to end a month-and-a-half-old strike. “We did it,” said a posting on the Facebook page of the United Truckers Association of British Columbia. “Back to work deal has been signed.” The group is said […]
ZIM, the Israel-based container carrier, said it had a net loss in 2013 of $530 million compared with $428 million last year. Excluding extraordinary expenses, the annual loss amounted to $369 million. Revenues in 2013 amounted to $3.7 billion, compared with $4 billion in 2012, a decrease of 7 percent, resulting mostly […]
The U.S. maritime industry is “at the precipice of potential failure” said acting U.S. Maritime Administrator Paul “Chip” Jaenichen during testimony to the Coast Guard and Maritime Subcommittee of the U.S. House of Representatives on Wednesday. Jaenichen Jaenichen, head of the Department of Transportation’s Maritime Administration, said his concern was based on a […]
SeaLand, the newly founded intra-Americas regional carrier of Maersk Group, said it has appointed the following executives to lead the company under Craig Mygatt, who was named earlier this year as chief executive officer of the new unit. The appointees will join the company within the next couple of months. Alfredo Di Palma […]
At a waterfront rally Tuesday, the president of the International Longshoremen’s Association along with several business leaders and government officials called for limiting the power of the Waterfront Commission of New York Harbor.
This year’s outlook for the container shipping industry is “bleak” and publicly-listed global container shipping companies “face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010,” according to the global business-advisory firm AlixPartners, which Tuesday released a new study titled “Change on the Horizon: The 2014 Container Shipping […]
The U.S. Export-Import Bank said one of its guaranteed bonds funded by the capital markets raised $40.7 million for the Brazilian airline VRG Linhas Aéreas S.A. (GOL) for engine-maintenance services performed by Delta TechOps in Atlanta. Delta TechOps is the maintenance, repair and overhaul division of Delta Air Lines. The bond was […]
Hapag-Lloyd said Wednesday that it had a net loss of €97.4 million ($134.3 million) in 2013, smaller than the €128.3 million net loss in 2012, adding that the outlook for liner shipping is brighter. Revenue declined to €6.57 billion in 2013 compared with €6.84 billion the prior year. The company said this was […]
COSCO Pacific, the container terminal and container leasing arm of COSCO, had a profit attributable to equity holders of $702.7 million in 2013 compared with $342.2 million in 2012, with much of the increase coming from the disposal in May of its 21.8 percent equity interest in China International Marine Containers, one of the […]
Fednav said it is the first shipping company to use drones to check ice conditions on the water during a commercial voyage, using video-equipped drones to scout ahead of the vessel in the Labrador Coast.
The U.S. Coast Guard began allowing ships to move through special zones of the Port of Houston’s ship channel Tuesday afternoon after being closed since Saturday due to an oil spill. The first transits started with deep-draft vessels moving outbound from Houston. By 6 p.m., the Houston port pilots reported 14 vessels […]
Maersk Line, Limited and Rickmers-Linie (Americas) have ended their joint venture, Maersk-Rickmers U.S. Flag Project Carrier, which had operated two multipurpose ships, and have sold the vessels to Thorco Shipping.
As of Monday evening, the Port of Houston remained closed due to the continuation of oil cleanup work underway in the shipping channel. Meanwhile, there are 46 outbound vessels and 47 inbound vessels in the queue for transit in the port.
While the Port Authority of New York and New Jersey claims congestion at its marine terminals has eased in recent weeks, a coalition of business and labor leaders are planning a rally Tuesday morning to complain about regulation of the port’s workforce by the Waterfront Commission of New York Harbor. A press release […]
CMA CGM, UASC and China Shipping are introducing a new weekly container service between the Red Sea and the Far East. CMA CGM said the new Asia Southern Red Sea Express will improve port coverage and offer fast transit time.
The Port of Houston’s Ship Channel remained closed Monday morning as the U.S. Coast Guard and other authorities continued to respond to a Saturday oil spill that resulted from the collision of a bulk ship and barge transporting fuel oil near Texas City, Texas. The bulk ship Summer Wind collided with the barge, […]
