“U.S. agricultural exports from 2009-2013 increased by a total of more than $230 billion – and the average volume of bulk commodities exported increased by nearly 4 million tons per year,” Agriculture Secretary Tom Vilsack said.
The global commodities shipper said it’s working with the classification society DNV GL, Royal Dutch Shell and international advisory firm Xyntéo to “evaluate possible ways to use LNG for dry bulk and tanker vessels.”
He will succeed John Reinhart, who will step down on Jan. 31, 2014, to become the CEO and executive director of the Port of Virginia. Bruner joined Maersk in 1989 and has been the president and chief executive officer of Maersk since 2004.
Representatives from the New York Shipping Association, Waterfront Commission of New York Harbor, and the Port Authority of New York and New Jersey issued a terse statement that said “there was continued progress on port-hiring issues.”
Evergreen and Hanjin Shipping will start a new weekly service linking Korea, China, Vietnam, Singapore and Malaysia. The “New Ho Chi Minh Service” (NHS) will employ four ships, each with a 2,500-TEU capacity. One will be supplied by Evergreen and the other three by Hanjin. The service will have the following port […]
The U.S. International Trade Commission has initiated four investigations to examine the impact of the African Growth and Opportunity Act (AGOA) trade preference program on the economies of sub-Saharan Africa and identify factors that have impacted trade, investment and the economic climate of the region. The investigations were requested by the Office of […]
Furniture retailer IKEA has acquired a 46-megawatt wind farm located in Alberta, Canada, from Mainstream Renewable Power. Terms of the deal were not disclosed. Mainstream has started construction of the Oldman 2 wind farm at a cost of about $90 million Canadian ($85.95 million). The wind farm is expected to be operational […]
The U.S. Export-Import Bank has backed two small businesses employing 165 workers in Wyoming and Texas to export about $7 million worth of nitrogen pumps to an energy company in Singapore. Payment was secured for the exporters by medium-term export financing extended by Wells Fargo and guaranteed by Ex-Im Bank. The transaction counts […]
The U.S. Commerce Department on Thursday reported that the country’s exports of goods and services dropped slightly to $188.9 billion, from $189.3 billion in August. Exports through the first three quarters of 2013 totaled nearly $1.7 trillion, with consumer goods, automotive vehicles and parts, and travel and tourism driving year-to-date export growth, the […]
U.S.-flag Great Lakes freighters carried 9.8 million tons of dry-bulk cargo in October, an increase of 14.4 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). The total was slightly ahead of October’s long-term average, but 1 percent below the 9.9 million tons the fleet moved in September, the […]
Hanjin Shipping said it had a loss of 317.6 billion ($297 million) South Korean won in the third quarter compared with a loss of 47.3 billion won in the same 2012 period. The company’s container business had a 47.8 billion won operating loss in the third quarter of 2013 compared to an 78.6 […]
Axel Mattern, the Port of Hamburg’s marketing chief executive officer, said he anticipates anticipates seaborne cargo throughput for the full year of up to 138.5 million tons. That would correspond to an almost 6-percent increase over 2012.
The Department of Defense said that Maersk Line Ltd., the U.S.-flag arm of Maersk based in Norfolk, Va., has been awarded a $73,677,038 firm-fixed-price contract for the time charter of one U.S.-flagged, twin-shaft vessel, which shall function as a maritime support vessel for the Military Sealift Command. MSC said the ship is the […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is considering which pests actually pose a risk to the country’s agriculture sector when found in imported goods at ports of entry. “We have determined that it is no longer appropriate or necessary to take such action on some plant pests,” the […]
Quarterly revenue of $14.6 billion for the group was down less than 1 percent, and the company said increased profit was achieved at all its businesses except Maersk Oil and Damco.
The American Institute for International Steel has appointed Richard Chriss as its new executive director, replacing David Phelps, who is retiring. Phelps served as the AIIS executive director and later president for the past 17 years. Chriss’s previous assignments include managing international trade policy for Sen. Charles Grassley from 1999-2003 and also […]
Piraeus Container Terminal (PCT), a wholly-owned subsidiary of COSCO Pacific Limited, and Piraeus Port Authority have proposed to amend a 2008 concession agreement relating to Piers 2 and 3 in the port. COSCO’s law firm, Holman Fenwick Willan, said, “If the proposed amendments to the concession agreement are approved by the Greek Court […]
Ocean liner carriers “have had little choice but to focus on cost savings and increased efficiency as their strategy,” said Christopher Koch, president and chief executive officer of the World Shipping Council.
The Port of Oakland said Friday it has completed construction of its shore power infrastructure that will allow ships to “cold iron” — plug into electricity generated on shore rather than running shipboard diesel engines to produce power. The ports said it has committed to reducing seaport-related diesel emissions by 85 percent by […]
Import volume at the nation’s major retail container ports grew 6.5 percent in October compared to the same month last year despite the government shutdown, and year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and […]
