Hapag-Lloyd said it had profit in the third quarter of 16.6 million euro ($22.31 million), compared with 45.6 million euro in the same period last year, but said freight rates were “very disappointing.” The Hamburg-based carrier said its profit came “primarily as a result of substantial cost reductions.” Revenue in the third […]
Hanjin Shipping said Young Min Kim, president and chief executive officer, resigned “to take responsibility for the company’s continuing losses and delay on financial support from major creditor banks.”
The Canadian Industrial Transportation Association is changing its name to Freight Management Association of Canada/Association canadienne de gestion du fret. Robert Ballantyne, president of the group, said the change is being made to better reflect the group’s membership and is part of a drive to increase membership. The group has about 100 […]
The Russian merchant fleet welcomed its first very large crude carrier (VLCC) during a naming ceremony last Thursday at the Bohai Shipbuilding Heavy Industry shipyard in China. The 320,000-deadweight-ton tanker, named Svet, is the first in a series of vessels of this type ordered by SCF Group (Sovcomflot) for transporting large quantities of […]
Under the program, ocean carriers will earn $5 per TEU for each incremental container shipped through the port in 2014. The rate jumps to $15 per TEU if a carrier’s container volume grows by 100,000 or more units during the year.
Since 2005, plant cargo into Atlanta has increased from fewer than 4 million plant imports to more than 200 million plants, according to officials. Atlanta is also the second-busiest point of entry for flowers.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alpha Global Enterprise, Valley Stream, N.Y. (Philip Lam, operating manager); Marine Express, Mayaguez, Puerto Rico (Maribel M. Rivera, vice president); Seagull Logistics, Charlotte, N.C. (Inderjeet K. Harisinghani, president); […]
FMC reviews 34 OTI license applications
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from JZ Cargo Logistics Corp., Pembroke Pines, Fla. (Joan S. Ziade, president); Malecon Shipping, Bronx, N.Y. (Arisleyda Polanco, president); Metro Box Cargo, Hayward, Calif. (Ammabelle P. Bote, member); Overland […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
APL Turquoise, a ship deployed on APL’s Asia-Australia Express (AAX) service that connects Singapore, Port Kelang, Malaysia, and various ports in Australia was unable to offload cargo in Fremantle because of a dispute about labor rules. The ship berthed at the port of Fremantle on the morning of Oct 29. APL said […]
“North Europe Global Port Tracker” projects a recovery in container cargo volumes next year, just as significant numbers of ultralarge containerships are being delivered.
The U.S. Maritime Administration said Thursday it will spend $1.4 million on two projects looking at use of liquefied natural gas as a fuel for marine propulsion. In the first project, MarAd will provide Horizon Lines, Inc., with $900,000 to assist in conversion of Horizon Spirit to operate on LNG and the monitoring […]
Minjie China COSCO Holdings Co. Ltd. said Thursday in a notice posted with the Hong Kong Stock Exchange that it “has been informed by the controlling shareholder, China Ocean Shipping (Group) Company, that Mr. Xu Minjie, an executive director of the company, is under investigation by a relevant regulatory body.” On Friday, in a second […]
Matson said Wednesday it has signed a contract to have Aker Philadelphia Shipyard build two new 3,600-TEU containerships for an aggregate price of $418 million. The new ships will be equipped with dual fuel engines that have the ability to burn liquefied natural gas (LNG); the vessels are expected to be delivered in […]
At a meeting with the New York Shipping Association and Waterfront Commission of New York Harbor over hiring additional longshoremen there was “a great deal of progress,” according to the area port authority.
The Mexican military and federal police have taken control of the port city of Lazaro Cardenas. CNN said a government spokesman told it that “the Mexican navy, army, federal police and attorney general’s office swept into both the port and city of Lazaro Cardenas on Monday, relieving local law enforcement of its duties.” […]
Horizon’s president said the improvement was “driven largely by reduced vessel charter expense, increased non-transportation revenue, lower dry-dock transit and crew-related expenses, and reduced overhead.”
