DSV has launched an intermodal service between Turkey and the UK. One service offers departures three times a week direct by rail from Halkali train terminal in Istanbul to Zeebrugge or Rotterdam. It also offers service using by short-sea shipping from Istanbul to Trieste in Italy and then by rail to Zeebrugge or […]
Members of the Transpacific Stabilization said they will seek further rate Eastbound rate increases in March and May, seeking to “build on the momentum” of a $300 per 40-foot container (FEU) general rate increase (GRI) that its 15 members recommended for Jan. 15. In a press release the carriers announced plans for: A […]
The use of alternative fuels beyond LNG will be adopted by more than 20 percent of shippers, according to a report released by DNV GL. “While LNG is expected to be an early success, the picture becomes more diversified with time, as more than 20 percent of shipping could adopt hybrid propulsion solutions, […]
CMA Terminals, a wholly-owned subsidiary of the CMA CGM Group, will acquire a 25-percent share of ICTSI’s Lekki International Container Terminal Services LFTZ Enterprise (LICTSLE) in Nigeria, 37 miles east of Lagos. Philippines-based ICTSI signed a sub concession agreement in 2012 giving it the right to develop and operate the terminal for 21 […]
Hanjin Shipping said Tuesday that it had a net loss of 680.2 billion South Korean won ($631 million) and an operating loss of 242.4 billion won ($225 million) in 2013 compared to a net loss of 638 billion won and operating loss of 109.8 billion won in 2012. Sales in 2013 amounted to […]
The Port of Hueneme has extended a contract with Global Auto Processing Services (GAPS) through Jan. 31, 2019. This is the fifth modification of GAPS contract since it first began operating at the port in March 2007. GAPS Vehicle Distribution Center has 80 employees and more than 40 temporary workers. Port Chief […]
Following last year’s spill of molasses from a pipeline in Honolulu Harbor, state legislators in Hawaii are suggesting that fines or settlements go into a fund to be used for coral reef restoration. The Associated Press reported that in addition to a special fund for Hawaii’s Department of Land and Natural Resources, lawmakers […]
The Port Authority of New York and New Jersey said 150 longshoremen “are in the process of being hired” despite ongoing litigation. Seventy five checkers will also be hired.
Hapag-Lloyd said Monday it will transfer the U.K. call of three services from Tilbury to DP World’s London Gateway terminal. Hapag-Lloyd said the three services are the Chile – Peru Express (SW1), Brazil – River Plate Express Service (BPX), and Indian Ocean Service (IOS).
It appears that the container shipping industry finished 2013 with strong container volumes. The Container Throughput Index of the Rhine-Westphalia Institute for Economic Research (RWI) and Institute of Shipping Economics and Logistics (ISL) hit its highest value ever — 119.9 — in December. The two organizations began publishing the monthly index two years […]
China Shipping issues profit warning
China Shipping Container Lines has issued a profit warning to its shareholders. The liner company said Monday that based on a preliminary estimate by its finance department, it expects to record a net loss of 2.63 billion Chinese yuan renminbi ($435 million) in 2013 based on China Accounting Standard for Business Enterprises. It […]
The parent company of OOCL provided an early peek at what the end of 2013 might have looked like for the container industry as it released an unaudited fourth quarter operational update on Friday. OOCL carried 1,395,794 TEU in the fourth quarter of 2013, up 10 percent from the same period last year, […]
By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues to experience stormy economic seas.
DP World said it has begun using a spreader bar on one of the cranes at its London Gateway terminal that is capable of lifting four 20-foot containers or two 40-foot containers at the same time. Andrew Bowen, engineering director of DP World, said: “This is an excellent example of DP World innovation […]
Tampa, Fla.-based bulk tank container transportation services provider Quala has acquired ProKleen, a food-grade commercial tank-washing service with locations in Oakville and Concord, Canada. Terms of the deal were not disclosed. “The purchase of ProKleen is a strong strategic move for us at this time, as we continue to expand our North […]
The competency of the crews is a major advantage of using the U.S. flag fleet when shipping goods around the world, but cost is a major drawback, according to Scott Mogavero, global logistics and planning manager at General Electric. Mogavero spoke about his experience using U.S. flag carriers last week at the U.S. […]
In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim’s parent company Israel Corp. outlined a “term sheet” for a financial restructuring of the container shipping company.
Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it eliminated.
