The Chilean container shipping company CSAV has reported that 84.5 percent of its shareholders approved a merger with Germany’s Hapag-Lloyd on Friday during a special shareholders’ meeting in Valparaíso. In January, the companies announced a non-binding memorandum of understanding to combine, subject to a due diligence currently underway. CSAV’s Chief Executive Officer Oscar […]
Shipper groups praised the FMC for close examination of the P3 Network that Maersk, MSC and CMA CGM plan to set up later this year, as well as its plan to monitor the vessel-sharing agreement to determine whether it harms competition.
Damen Shipyard Group has opened a new shipbuilding yard facility along Vietnam’s Cam River. The yard is built on a 43-hectare (430,000 square meters) site with direct access to the open sea. It will be operated as a joint venture with the firm Song Cam. Damen, based in the Netherlands, has been […]
The White House on Friday notified Congress of its intent to enter into negotiations on a new trade agreement in the World Trade Organization aimed at eliminating tariffs on a wide range of environmental goods. Earlier this year, the United States and 13 other WTO members, accounting for 86 percent of global trade […]
The U.S. Export-Import Bank and the Philippine government’s Department of Energy entered a memorandum of understanding Friday to exchange information related to matching development needs in the Philippines with goods and services offered by American exporters. More specifically, the MOU targets renewable-energy and liquefied natural gas projects in the hopes of upgrading and […]
The U.S. Federal Maritime Commission said Thursday that its members voted not to block the P3 Network that Maersk, Mediterranean Shipping Co. and CMA CGM plan to start later this year. The three largest container carriers expect to begin operating a vessel-sharing agreement in the transpacific, transatlantic and Asia-Europe trades. They first […]
The United States and the Philippines have agreed to a program of expanded engagement in coming months on bilateral, regional and multilateral issues after a two-day meeting Thursday under the Trade and Investment Framework Agreement.
Hong Kong-based Cathay Pacific Airways will officially start its twice-weekly Boeing 747-8 freighter service into Columbus, Ohio’s Rickenbacker International Airport when the first aircraft lands at 5 p.m. Friday. Columbus will be Cathay’s 12th freighter destination in North America. “Our 13 Boeing 747-8F freighters are the ideal aircraft to link Hong Kong […]
NYK said that starting May 1, it will no longer provide chassis at marine, truck depot and intermodal rail facilities in Long Beach, Calif.; Los Angeles; San Diego, Calif.; and Phoenix, Ariz.
The container ship charter Global Ship Lease said a new capital structure it is creating will allow it to take advantage of opportunities to grow and possibly pay dividends to shareholders.
Georgia’s state legislature has approved Gov. Nathan Deal’s proposal for $35 million in additional dredging funds for the Savannah Harbor Expansion Project. Georgia has now allocated $266 million, meeting the state’s portion for the project.
British Columbia said Wednesday that it, along with Port Metro Vancouver and the Canadian government, are “taking immediate and coordinated action” to try and end the truck driver strike at port. The provincial government said in a press release that it is preparing back-to-work legislation with a 90-day cooling-off period for truckers who […]
Ingram Barge Company said it has begun participating in the new barge freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Environmental Protection Agency and freight carriers and shippers that aims to reduce pollution. Ingram noted that it has been working with the EPA since 2010 to develop the […]
A group of U.S. and Uruguayan government officials, as well as local politicians and industry representatives, gathered in Philadelphia on Wednesday to celebrate the recent arrival of containerized shipments of frozen boneless lamb meat from Uruguay. The shipment, the first to arrive in the United States since 2001, was made possible through a […]
The 15 container shipping lines in the Transpacific Stabilization Agreement said Wednesday that they have agreed to a general rate increase on April 15 of $300 per 40-foot container in an effort to mitigate rate erosion seen in February and early March. The carriers had previously said they planned a GRI of an undetermined […]
The U.S. Federal Maritime Commission said its members voted not to block the P3 Network that Maersk, Mediterranean Shipping Co., and CMA CGM plan to start later this year. The three largest container carriers will operate the vessel-sharing agreement in the transpacific, transatlantic and Asia-Europe trades. The FMC said it conducted an extensive review […]
The Japan Fair Trade Commission said Tuesday that surcharge payment orders against four car carrier companies — NYK, “K” Line, Wallenius Wilhelmsen Logistics and Nissan Motor Car Carrier Co. — totaled about $223.7 million.
Masamichi Morooka, chairman of the International Chamber of Shipping, told attendees of Shipping 2014, the annual conference of the Connecticut Maritime Association, that costs of complying with new regulations for shipping could reach $500 billion over the next decade. “We are about to enter an era where the timing of the introduction of […]
The ports of Long Beach and Los Angeles have reported lower cargo volumes in February than in the same period last year. The Port of Long Beach said in a statement that “cargo numbers were affected by the Lunar New Year, a holiday celebrated in China and other countries in East Asia. The […]
The Delaware Economic Development Office will issue a request for proposals later this month from the private sector on expanding the ramp area and load-bearing capacity at Dover Air Force Base’s civilian air terminal.
