Seago Line will open a direct weekly call from Aarhus, Denmark, to St Petersburg, with the first call scheduled for Jan. 25. The service will depart on Saturdays and arrive to First Container Terminal, St. Petersburg, on Thursdays. Seago Line, part of the A.P. Moller Maersk Group, has its own offices in […]
Congestion at the Oregon port’s Terminal 6 caused the operator ICTSI to take the unusual step on Tuesday of allowing truckers to only deliver empty containers in the morning and pick up import containers in the afternoon.
The Port Authority of New York and New Jersey on Wednesday morning advised users to check individual terminal Websites for the latest information on servicing vessels and their hours of operation for Thursday, Jan. 23.
“This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower unit cost than the G6 alliance,” the analyst said.
Maersk announced it will add a new direct service from the East Coast of South America to West Africa on Jan. 28. Maersk’s WAFEX (West Africa Express) will use a fortnightly service operated by Delmas (SAMWAF) that operates with three 1,700-TEU ships. The port rotation includes Buenos Aires (Argentina), Rio Grande (Brazil), […]
Israel’s Globes newspaper said last week Zim and its creditors have signed a debt settlement that includes a 50 percent write-off of Zim’s $3 billion debt, mostly to foreign banks. It said the write-off will be the largest in Israel’s history.
Car Carriers Investment AS, a 50/50 joint venture between a subsidiary of Klaveness Marine Holding and a subsidiary of J.P Morgan Global Maritime Investment Fund, intends to start a voluntary cash offer for all of the carrier’s shares.
Canada’s St. Lawrence Seaway Management Corp. (SLSMC) said the waterway saw a surge in ships carrying grain in December, but volumes were lower on the waterway in 2013 than in 2012. “A relatively late harvest in the Prairies producing record breaking volumes led to a delay in the movement of grain. Once the […]
The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them “to gather and share information to identify potential options for responding to unprecedented industry pressures. “The leaders of both ports believe that recent developments in the shipping industry […]
The Global Shippers Forum, which includes the U.S. National Industrial Transportation League as one of its members, wants the block exemption for the liner shipping industry in Europe, which is due to expire on April 25, 2015, ended.
The first of the ships is scheduled to be handed over by November. The remaining four containerships are slated to be delivered by the end of the first quarter of 2015.
FMC says it will carefully review the proposed P3 Network and G6’s expansion. Last month the U.S. Federal Maritime Commission requested additional information about the proposed expansion of the G6 vessel-sharing agreement (VSA). The carriers in the alliance — APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK and OOCL — are seeking to […]
With U.S. infrastructure headed south, heavy equipment shipper sends 40 percent of cargo north. Stu Levenick, president of Caterpillar, said aging U.S. transportation infrastructure and related shipping inefficiencies raise cost and reduce the competitiveness of his company and others. “Our aging infrastructure and the shipping inefficiencies it creates has added an estimated three […]
Allegations of a plot cooked up by at least one member of the administration of New Jersey Gov. Chris Christie and an executive at the Port Authority of New York and New Jersey (exactly how many people were involved is unclear) to tie up traffic on the George Washington Bridge has tarnished the bi-state […]
The Port of Cleveland is about to embark on a bold move – offering a scheduled all-water container service from one of its terminals in the Great Lakes to the Port of Antwerp in Europe this spring.
Swayed by changing market conditions and trends, retailers continue to drive logistics services. In the wake of the 2009 financial crisis, U.S. liner imports fell 16 percent, exports by 14 percent, and liner companies laid up about 500 containerships. When business picked up later that year and in 2010, many retailers found themselves […]
As China develops interior and urbanizes, its need to improve transport grows. Look for an increase in investment in and acquisitions of logistics companies by the Chinese in coming years, said Richard Gluck, a partner at Washington law firm Garvey, Schubert and Barer (GSB). Gluck is outside general counsel to the Transportation Intermediaries […]
Should the owner of a vessel be awarded damages for economic loss due to negligence in the absence of physical damage to its property? That issue was addressed once again in a recent court decision (American Petroleum And Transport Inc v. City Of New York. 2nd Circuit. No. 12–4505–CV. Dec. 6, 2013) that […]
“K” Line said Friday it had recorded a loss of 5.7 billion yen ($54.8 million) as a loss provision related to the Japan’s Anti-Monopoly Act during the consolidated third quarter term of Fiscal Year 2013, which ended December 31. (Japanese carriers have a fiscal year that runs from the April 1 to March 31.) […]
Drewry Maritime is forecasting that the majority of container shipping lines “will finish in the red for last year” and that freight rates remain historically weak. In a press report announcing availability of its Container Forecaster report for the fourth quarter of 2013, the London-based consultant and publisher said, “The sale of non-core […]
