APM Terminals said Thursday that it will form a 50-50 joint venture with Toronto-based Brookfield Asset Management to operate its terminal in Port Elizabeth, N.J.
NOL, the parent company of the container liner company APL, said it had a loss of $76 million in 2013, smaller than the $412 million loss it experienced in 2012. Revenue was $8.83 billion in 2013, 7-percent less than in 2012.
The ports of Long Beach and Los Angeles said container imports last month were higher than in January 2013.
An examination by cargo surveyors of the Maersk container ship Svendborg Maersk showed that around 520 containers were lost overboard. Around 85 percent of those lost containers were empty.
Dachser USA has entered a newly expanded warehouse in Chicago, which will serve as its Midwest hub providing cross-docking, warehouse storage, distribution, and buildup and breakdown of air and ocean containers. “With the expansion of our Chicago-based warehouse, 80 percent of the U.S. population can be reached within two days by way of […]
The trend of wider cooperation by container carriers may continue with the world’s fourth largest container carrier, Evergreen, saying it is looking at the possibility of creating a new alliance with members of the CKYH Alliance. The existing CKYH or “Green” Alliance members are Cosco, “K” Line, Yang Ming and Hanjin. In […]
“The two sides will establish a comprehensive strategic partnership and a resource-sharing mechanism in areas of shipping, terminal operation, logistics, shipbuilding, ship repair, etc.,” the liner companies said.
Maersk Line will offer service to Georgetown in Guyana and Paramaribo in Suriname using its “Calypso feeder,” starting next month. The company said it will serve the markets on a weekly basis by deploying its own dedicated tonnage via its hub in Panama. The rotation for service includes Manzanillo (Panama), Guanta (Venezuela) […]
A joint venture between Rickmers Group and Apollo Global Management has purchased six Panamax container vessels from Hamburg Süd for $176 million. The ships, have been chartered back to Hamburg Süd for a period of three years. The 2007-built Bahai and its sister ships have nominal capacities of 3,630 TEUs, which includes 844 reefer […]
Maersk Line said it will begin offering service this month between East Coast ports in North America and South America by transshipping cargo through Algeciras, the Spanish port on the Bay of Gibraltar.
Drewry said the container ship capacity on ultra large container vessels (ULCVs, or ships with capacity of more than 10,000 TEU) will increase by 31.4 percent this year, followed by a further 30 percent in 2015. The London-based consultant says in its Container Insight Weekly newsletter that “even though some of the deliveries […]
New Jersey’s Commissioner of Transportation said last week he had tried to arrange for a waiver to the Jones Act so that he could arrange a shipment of road salt from Searsport, Maine, to Newark on a foreign-flag ship to alleviate a shortage of salt. The Jones Act requires that cargo shipped between […]
In this decision (Estes Express Lines v. U.S. Federal Circuit. No. 13-5056. Jan. 3.), the U.S. Court of Appeals for the Federal Circuit reversed the Court of Federal Claims and remanded a case for further proceedings, siding with a trucker seeking to recover funds from the federal government. Estes Express was seeking to […]
Consumers are an influential bunch, and just as they have pushed express companies to deliver products when and where they want them, so too are they having the same effect on old school container transportation providers — namely through strong demand for fresh fruits and vegetables. Fifteen years ago, one had to wait […]
International Shipholding Corp. (ISC) — the parent company of several shipping companies including Central Gulf Lines, Waterman, United Ocean Services and CG Railway — said it will return its headquarters to New Orleans. After Hurricane Katrina, ISC relocated its corporate headquarters to Mobile, Ala. In New Orleans, ISC will create 100 new […]
Ocean transportation intermediaries question FMC’s push for new regulations. The U.S. Federal Maritime Commission is continuing its review of proposed changes for regulating ocean freight forwarders and non-vessel-operating common carriers, also known collectively as ocean transportation intermediaries (OTIs). The FMC said there are about 5,900 licensed OTIs and foreign-based NVOCCs within its records. […]
In December, Jim Newsome, president and chief executive officer of the South Carolina State Ports Authority, suggested ports may respond to the planned P3 Network of Maersk, Mediterranean Shipping Co. and CMA CGM by filing agreements with the U.S. Federal Maritime Commission to work more closely together. Ports that are in close proximity […]
Industry experts advise taking control of process rather than letting it drive you. While the U.S. government’s ongoing initiative to reform its Cold War-era export control regulations promises significant simplification and streamlining of procedures in the future, many exporters are struggling in the present with how to properly straddle their compliance programs between the […]
The UK’s Imperial Tobacco Group is considering listing shares in its European logistics division on the stock market, according to reports by media outlets including Reuters and the Wall Street Journal. The company’s tobacco brands include Davidoff, Gauloises Blondes, West and JPS. Imperial’s logistics business is of considerable size — £8.3 billion […]
The Government Accountability Office is recommending the Maritime Administration take steps to improve its process when it selects companies to scrap ships. MarAd uses a two-step process by first qualifying ship recycling facilities and then awarding contracts. GAO said MarAd should enhance communications and update its strategic plan “to help ensure the […]
