Descartes Systems Group said it had a profit of $2.2 million in the third quarter, but said net income was negatively impacted by $600,000 by the integration of KSD Software Norway, a company it acquired in 2012.
The president of the New York Shipping Association (NYSA) fired back at the Waterfront Commission of New York Harbor with a statement saying that the NYSA board of directors met Tuesday and “again unanimously affirmed its support of the complaint filed last week against the Waterfront Commission of New York Harbor.” John Nardi, […]
Hapag-Lloyd said it will revise and enhance its Gulf Caribbean Service (GCS). It said the rotation of the current GCS is extended to provide Eastbound and Westbound calls for Santo Tomas De Castilla, Puerto Cortes, Puerto Limon, Manzanillo (PA) and Cartagena. The revised port rotation will be: Houston – Altamira – Veracruz – Santo Tomas […]
The plant will produce about 180 metric tons per year, which will be packaged into large sacks and loaded on to trucks (25 truck trips annually) for shipment to customers, according to the port.
The Port of Antwerp Authority said it will invite expressions of interest for new opportunities to expand cargo handling capacity at its Deurganck dock, a request prompted by the desire of MSC, the second-largest container shipping company and a member of the P3 alliance with Maersk and CMA CGM, to expand its activities in […]
The Federal Maritime Commission said Monday it planned to host on Dec. 17 a global regulatory summit “in light of the increased networking among ocean common carriers.” Regulators from China and the European Union will be in attendance.
Maersk said it will launch a new new weekly intra-America service, MesoAmerica Express (MAE), that will connect the United States and Puerto Rico with Mexico, Guatemala, Honduras, Costa Rica, Panama, Colombia, and the Dominican Republic. The MAE rotation will be Houston — Altamira — Veracruz — Santo Tomas — Puerto Cortes — Puerto Limon — Manzanillo […]
The Federal Antimonopoly Service said the case was initiated upon materials obtained in the course of several dozens of unscheduled on-site inspections of economic entities — in particular, Russian agents of marine container shippers.
The six containership companies that belong to the G6 Alliance are planning to expand their cooperation to the Asia-U.S. West Coast and transatlantic trade lanes. The new services are scheduled to begin in the second quarter of 2014, pending regulatory approval. The G6 Alliance, which already cooperates in the Asia-Europe and Asia-U.S. East […]
U.S. steel imports in October increased 8.4 percent compared to September based on preliminary data reported by the government and analyzed by the American Institute for International Steel. “Steel imports jumped in October, as pricing for semi-finished steel products, used by the domestic industry to augment their raw steel capacity, strengthened this fall,” […]
In a letter to the FMC, ILA President Harold Daggett wrote, “Such a drastic consolidation of capacity naturally leads to questions as to the long-term impact of such an agreement upon the industry as a whole.”
During the third quarter, Zim, the Israel-based container shipping company, had a net loss of $44 million, down from a $97 million loss in the second quarter of this year. A year earlier, the company banked a $16 million profit.
MTC Logistics, a subsidiary of Hoffberger Holdings, Inc., will expand its Port of Baltimore temperature-controlled distribution center located at the Chesapeake Commerce Center. “The strategic position immediately adjacent to the Seagirt Marine Terminal has allowed us to continue to expand our international service offerings,” said MTC Logistics’ president, F. Brooks Royster, III, in […]
The European Shippers’ Council and the Asian Shippers’ Meeting said they have “agreed to take their cooperation to the next level,” according to a statement after a meeting last week in Chiang Rai, Thailand.
Shipper groups are expressing reservations over the plan by the three largest container carriers — Maersk, MSC and CMA CGM — to form a P3 alliance to operate on the major east-west trade lanes. “As an alliance, it is too big. With 255 vessels totaling 2.5 million TEU, the P3 will be dominant […]
The Port of Oakland Truckers Association said that as many as 800 drivers may not be able to work at the port after Jan. 1 because of California clean air regulations that will require trucks to have 2008 or newer engines.
Holt Logistics Corp. said Tuesday that Bermuda Container Line (BCL) will move its U.S. port of call from Elizabeth, N.J., to Holt’s Packer Avenue Marine Terminal in Philadelphia in the first quarter of next year. BCL offers weekly service between the U.S. and Bermuda, and has been in operation since 1979. Its ship, […]
The U.S. Export-Import Bank has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi Dos S.A. (Orosi), a subsidiary of Central American wind-generation company Globeleq Mesoamerica Energy, to buy wind turbine generators manufactured by Gamesa in Fairless Hills, Pa. The authorization represents Ex-Im Bank’s first wind industry transaction in Costa Rica and […]
Representatives to the World Trade Organization’s General Council held the “most intensive” negotiations in Geneva since July 2008, but final agreements remain elusive in the face of the Bali Ministerial Conference on Nov. 26, said WTO Director-General Roberto Azevêdo. “Over the last few days, we stopped making the tough political calls,” Azevêdo said […]
The 26,500-DWT ships, which are being built by VT Halter Marine, will have a cargo capacity of approximately 2,400 TEU, with additional space for nearly 400 vehicles. They are due for delivery in the second and fourth quarter of 2017.
