The chairman of Hapag-Lloyd has suggested in an interview published in the German newspaper Hamburger Abendblatt that his company’s merger talks with the Chilean container shipping company CSAV could be a reminder and incentive for the owners Hamburg Süd — the Oetker family — to restart merger talks with Hapag-Lloyd at some point. […]
Maersk said the Bay Bridge service will call both the Ports America terminal and SSA’s Oakland International Container terminal in Oakland, starting in mid-January, for eastbound and westbound service rotations.
The president of the International Longshoremen’s Association says a joint lawsuit by his union and two employer groups against the Waterfront Commission of New York Harbor will continue despite the decision last week by a federal judge that denied a request by the union and employers for a preliminary injunction. The ILA, the […]
Press outlets have reported the Hyundai Group has announced a major restructuring plan, that will include selling financial assets and support for its shipping company, Hyundai Merchant Marine.
Hanjin Shipping said it will raise 300 billion Korean won (KRW) ($283 million) by spinning off its dedicated bulk business into a joint venture.
“K” Line Next Generation Car Carriers The Japanese shipping company “K” Line said it has decided to double the number of next-generation car carrier vessels it is ordering. In September, the company said it was ordering two ships each from Shin Kurushima Dockyard Co., Ltd, and Japan Marine United Corporation. This week, […]
The Federal Maritime Commission announced it reached compromise agreements with two Japanese companies for alleged violations of the Shipping Act by their roll-on, roll-off cargo operations. Under separate agreements, Kawasaki Kisen Kaisha Ltd. (“K” Line), paid $1.1 million in civil penalties, and Nippon Yusen Kaisha (NYK Line) paid $1.23 million in civil penalties. […]
‘Tis the day after Christmas, but no matter how carefully they hung their stockings, for many port executives funding for dredging and port infrastructure remains just a vision dancing in their heads. The American Association of Port Authorities, however, is trying to raise the public’s awareness of the role ports play in bringing […]
Kinder Morgan Energy Partners, L.P., said Monday it had entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for $962 million in cash. The two tanker companies are engaged in the domestic or Jones Act marine […]
Maersk, in its Dec. 17 “Weekly Highlights” newsletter, has laid out contingency plans in connection with the upcoming Chinese New Year period. “We have endeavored to balance our network capacity to match the reduced demand for the three week period. We aim to minimize the impact to our customers by securing alternate routings […]
Canada’s Port of Sept-Îles on the Saint Lawrence Seaway said it set a new record earlier this month when it loaded 302,264 tons of iron ore on a ship, which it said was the largest amount of bulk cargo ever loaded onto a ship in North American maritime history. It said on Sunday, […]
A document on the Korean shipping company’s website said the plan involves repayment of debt; financial aid by shareholders and creditors; and a plan for improvement in operations.
The Danish foundation that controls the A.P. Møller-Maersk conglomerate, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal, has restructured. A.P. Møller-Maersk said the foundation, which owns 41.51 percent of the company’s shares and has 51.09 percent of the votes, has “transferred all of its shares in the company to a […]
NOL Group has appointed 30-year logistics industry veteran Beat Simon to president of its APL Logistics subsidiary, effective March 1. Simon joins APL Logistics from Agility, where he has held senior management positions since 2006. He recently served as Agility’s chief executive officer in Europe. Between 2000 and 2006, he served in […]
United Arab Shipping Co., which has nearly doubled U.S. cargo volumes this year, plans to consolidate most jobs, including employees from its U.S. headquarters of United Arab Agencies in Cranford, N.J., to Atlanta next summer. Anil Vitarana, president of United Arab Agencies, said about 150 of its 170 jobs, including most back office […]
Ecu-Line, a non-vessel-operating common carrier based in Antwerp and subsidiary of the Avvashya Group in India, has partnered with FCL Marine Agencies in Rotterdam. FCL Marine is a neutral NVO specializing in full containerloads, while Ecu-Line’s primary market is less-than-containerload shipments. Both NVOs draw their freight from forwarders. Ecu-Line said it will […]
China has issued a new document to clarify value-added tax measures that went into effect in Aug. 1, which have caused concern in the shipping and logistics industry both here and in China.
A report on large container ship safety, growing out of the loss of the container ship MOL Comfort, which broke in half June 17, has been released, setting visual safety inspection and weight verification recommendations.
The deal will establish a joint U.S.-Libya Council on Trade and Investment, which will address issues including market access, intellectual property, labor, and environmental challenges, the Office of the U.S. Trade Representative said.
The U.S. Department of Agriculture and Brazil’s Ministry of Agriculture, Livestock and Food on Wednesday pledged to improve trade in beef and beef-related products between the two countries.
