Afederal judge found an insurer was justified in rescinding an ocean marine insurance policy because the insured misrepresented the value and condition of a dry dock it insured. (Catlin (Syndicate 2003) at Lloyd’s v. San Juan Towing & Marine Services Inc. Nos. 11-2093, 11-2116. D. Puerto Rico. Oct. 8.) San Juan Towing (SJT) […]
Hub Group typifies the shift to more diverse services in this market space. In the railroad world, the moniker “hub” is well suited to Chicago, with its mass of rail terminals and interconnecting rail lines.
ACL’s added capacity will allow it to increase shipper cargo allocations. Andy Abbott, president and chief executive officer of Atlantic Container Line, said he’s looking forward to being able to say “yes” to shippers who want to book more cargo. The transatlantic carrier’s capacity will grow markedly when it takes delivery of five new […]
Shippers “call the shots” as to where container carriers send their ships, said Anil Vitarana, president of United Arab Agencies, the agent for United Arab Shipping Co. (UASC) in the United States. But carriers also depend on ports to have the proper infrastructure, he noted during a panel discussion at Port Industry Day […]
Fault lines make unified voice for cargo groups elusive. With the globalization of business and the bigger regulatory role being played by international bodies, such as the International Maritime Organization (IMO), there are some who feel shippers need a global voice as well. Throw into the mix the effects of growing use of ultra-large containerships, slow […]
The city council voted 6-3 on Tuesday night in favor of a recommendation by Mayor Bob Foster that Thomas Fields be removed as president of the Long Beach Board of Harbor Commissioners.
The U.S. Federal Maritime Commission said it’s “accepting further public comment on the P3 Network Vessel Sharing Agreement” of Maersk, Mediterranean Shipping Co. and CMA CGM until midnight Friday, Nov. 29. On Oct. 24, the three carriers filed their proposed P3 agreement that would authorize them to share vessels and engage in related cooperative […]
Port Canaveral said it will receive $9.7 million from the state of Florida to help pay for expansion of its container facilities. A large cruise ship port, Port Canaveral primarily handles bulk and breakbulk cargo. As part of overall expansion, including widening and deepening its channel beginning this fall, Port Canaveral is […]
Non-vessel-operating common carrier CaroTrans will start a new direct less-than-containerload service from New York to St. Petersburg, Russia, on Nov. 23. This fortnightly service has a 21-day transit. CaroTrans said once cargo arrives in St. Petersburg its staff will manage bonded and customs cleared on-carriage to Moscow and any warehouse or store […]
What UASC calls the AWSI and CSCL labels its AAS2 will be merged with Yang Ming’s PSW4, and each of the carriers say they will continue to use those individual designations. The service will employ six vessels of 4,250 TEUs.
OOCL Canada has arranged for inspections and is expected to arrive in Shanghai later this week. OOCL said it has made arrangements for boxes to be transferred to another ship, which will take the cargo to Long Beach, Calif.
China Shipping Group said Xu Li Rong has been named chairman and party secretary, replacing Li Shaode, who is stepping down due to his age. Xu Li Rong’s previous posts as a board member and general manager of the group company are to be handed over to Zhang Guofa.
Maersk Line said it’s “business as usual” at the Port of Lazaro Cardenas on Mexico’s west coast Mexico’s federal government and military took over the port city last week in an effort to end criminal activity. Maersk noted the port “is undergoing some changes including temporary replacements of a number of port officials […]
MOL Group said it’s expanding its logistic services. The Japanese company noted “in recent years, particularly in the Mekong region, the group has aggressively developed its networks, and providing a wide variety of competitive service options in Thailand and Vietnam.” MOL said it “has confidence in the future growth of the logistics […]
The Port Equipment Manufacturers Association (PEMA) said it has released an information paper on the electrification of rubber-tired gantry (RTG) cranes in ports and terminals – “a key issue facing the container shipping industry as it strives to improve sustainability and efficiency.” “Energy efficiency and reducing emissions are two objectives that the world’s ports […]
The Korean Register and Russian Register of Shipping have recently entered an agreement to cooperate on shipbuilding. The aim is the continued development and promotion of the international shipbuilding industry and the agreement includes: Technical cooperation and development of common rules for icebreakers/ice-classed vessels. Technical cooperation for LNG and offshore vessels operating in […]
Yusen Logistics and Imperial Health Services have started a dedicated, temperature-controlled ocean freight consolidation service from Europe to southern Africa. This weekly service, which begins in January, will also include East and West Africa later in 2014. Yusen explained the service will be cost competitive with air freight. “With a door-to-door pallet […]
Robert Bugbee, president of Scorpio Tankers, has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2014. The 2014 Commodore Award will be presented to Bugbee on March 19, 2014, at the dinner marking the conclusion of the annual CMA conference and trade exposition at the Hilton Hotel in Stamford, […]
Senior officials from the United States and Caribbean Community (CARICOM) met Friday to discuss enhanced cooperation in multilateral fora, an increased focus on intellectual property protection, development of e-commerce infrastructure, and removal of barriers to bilateral trade as important work to be done under the recently inaugurated U.S.-CARICOM Trade and Investment Framework Agreement (TIFA). Deputy U.S. […]
