The Port Authority of New York and New Jersey says construction to raise the roadway of the Bayonne Bridge is “well under way and continues to accelerate at a brisk pace.”
Opponents of the practice of the demolition of old ships on beaches in Southeast Asian countries took their campaign to the headquarters of the German Shipowners Association in Hamburg Friday.
Tropical Shipping, a specialist in moving cargo to destinations in the Bahamas and Caribbean, had flat operating earnings in the fourth quarter, but a 50-percent increase in earnings before interest and tax (EBIT) for the full year. EBIT was $9 million in the fourth quarter of 2013 — the same as in the […]
Li & Fung said it is establishing a vendor-support services business unit to enhance factory and worker safety, raise standards, and improve operational efficiencies in its global supply chain. A leading sourcing company, Li & Fung provides services to about 15,000 factories in its vendor base to enhance their competitiveness, operational efficiency and […]
MOL has confirmed press reports that it has filed a lawsuit in Tokyo against the shipyard Mitsubishi Heavy Industry over the break-up and eventual sinking of the containership MOL Comfort last year. Press reports say the Japanese shipping company is seeking compensation for the value of the ship as well as the costs […]
A reauthorization bill for the U.S. Coast Guard introduced on Thursday includes provisions that its authors say will help strengthen the U.S. Merchant Marine and proposals that they say will increase oversight and reform the Federal Maritime Commission. The Coast Guard and Maritime Transportation Act of 2014 (H.R. 4005) was introduced in the […]
The U.S. trade deficit also improved $63.1 billion from the past year to $471.5 billion. Merchandise exports to the 20 economies that have trade agreements with the United States reached a record $732 billion.
The U.S. Export-Import Bank said it’s now open for business in Burma to help finance short-term and medium-term U.S. export sales. “After a diligent review, the bank’s board reached this decision — which will improve trade flows between our two countries and help reintegrate Burma into the global economy,” said Ex-Im Bank Board […]
“Liner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is only going to get worse,” Drewry said.
Ports America Companies said it had refinanced debt facilities of both Ports America, Inc., (PAI) and MTC Holdings, Inc., (MTC) into a single, unified capital structure. The refinancing consisted of a new 5-year, $475-million senior secured credit facility, including $170 million of revolving credit and letter of credit facilities, and a new 7-year, […]
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. In New Orleans, ISC will create 100 new jobs […]
The Pacific Maritime Association (PMA) expects negotiations on a new labor contract with the International Longshore Workers Union (ILWU) to begin in mid-May. The current contract expires on July 1. Stephen Hennessey, senior vice president and chief operating officer for the PMA, told attendees of the Port Productivity Conference of Cargo Business News […]
American Roll-on Roll-off Carrier (ARC), the largest U.S.-flag ro/ro carrier, recently delivered 29 Abrams tanks and 33 Bradley fighting vehicles to the port of Bremerhaven, Germany. The Abrams tanks and Bradley fighting vehicles, which arrived on Jan. 24, were moved from the Port of Bremerhaven via rail to Grafenwöhr, Germany, where they will […]
The agency said its proposed a rule would require certain shippers, receivers, and carriers who transport food by truck and rail for either human or animal consumption take steps to prevent contamination.
Question: What agency has the most significant role in protecting U.S. commerce from infiltration by drug smugglers, terrorists, thieves and even pests and harmful products? Answer: Customs and Border Protection. As simple as that answer may be, the White House and Congress for the past two years since the recess appointment of […]
This recent research is considered one of the largest real-world studies ever conducted with commercial truck drivers, and included 106 participants, 1,260 days of data and nearly 415,000 miles of driving.
The General Accountability Office recommended the transportation secretary, in consultation with the maritime industry, study and identify any potential problems in ensuring that U.S. mariners are adequately trained to meet the needs of the entire maritime industry, including domestic shipping. In the report, U.S. Merchant Marine: Maritime Administration Should Assess Potential Mariner-Training Needs, GAO […]
Liner carrier United Arab Shipping Co. said the total order is worth more than $2 billion including all options. The containerships will be delivered later this year through the first half of 2015.
Drewry said as containerships get larger, carriers appear to favor skipping voyages rather than laying up vessels as a means to control capacity. “Whilst the number of vessels idled is increasing, far fewer have been taken out of service compared to a year ago, confirming ocean carriers’ preference for cancelling sailings as and […]
The credit agency Moody’s says the U.S. port industry has a negative outlook because container-volume growth will lag behind the historic norm, putting pressure on the industry’s biggest customers. “The negative outlook is driven by the imbalance between supply and demand in the shipping-line industry, which ports rely on for revenue,” said Moody’s […]
