The container terminal has a designed capacity of 2.8 million TEUs and is designed to service the world’s mega container vessels. The terminal is expected to commence operations in 2014.
Expeditors International of Washington said it had a profit of $92.4 million in the third quarter of 2013, 4-percent more than the $88.5 million earned in the same 2012 period. Total revenues of around $1.5 billion for the third quarter were about the same as in the same 2012 period, up less than […]
Clean Energy Fuels Corp. said last week that it has placed a purchase contract on property in Jacksonville, Fla., where it hopes to build a liquefied natural gas (LNG) fuel terminal. Clean Energy said it would be the first LNG facility on the Eastern seaboard to specifically supply LNG for the maritime, heavy-duty […]
NYK and its Nippon Container Terminals subsidiary are acquiring a 12.5-percent stake in Yang Ming’s Kao Ming Container Terminal Corp. (KMCT). KMCT was established as a build-operate-transfer project under the Port of Kaohsiung’s Intercontinental Container Terminal BOT Project with the Kaohsiung Harbor Bureau, which is overseen by Taiwan International Ports Corporation Ltd. The […]
Damco has opened a new warehouse in Semarang, Central Java. The warehouse is Damco’s fourth container freight station (CFS) facility in Indonesia and the second in Semarang. The company’s expansion is to support the strong growth of the footwear and apparel industry in Central Java. Damco Indonesia is partnering with Monang Sianipar Abadi […]
Drewry said the P3 carriers are projected to maintain or improve headhaul vessel speeds, and the firm expects competitors “to follow P3’s speed improvement on headhaul routes in 2Q 14 whether these carriers can afford it or not.”
The Port of Jacksonville and long-time tenant Trailer Bridge, Inc., have signed a new 10-year lease contract, which includes two additional five-year options. The agreement continues the company’s operations on approximately 32 acres at JAXPORT’s Blount Island Marine Terminal. Jacksonville-based Trailer Bridge has operated at JAXPORT since the company’s founding in 1991. The […]
The Shanghai Container Freight Index spiked upward on Friday, reflecting general rate increases being implemented by many carriers. Container spot rates increased for the sixth time in the past two years, according to Jefferies.
Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased a corporate bond placed in June 2013 by 50 million euros ($67 million) to 225 million euros in a private placement to institutional investors. Rickmers Holding intends to use the net proceeds from the second tranche to finance […]
The Port of Long Beach is ready to meet California’s mandate for at least half of all container ships to run on shore-side electricity at berth beginning Jan. 1, 2014. The port said work is getting done ahead of the state’s deadline and under budget. “With three months to go, we’ve completed […]
Hutchison Port Holdings (HPH) said it had profit of 966.3 million Hong Kong Dollars ($124.6 million) in the third quarter ending September 30, about 2 percent less than the profit earned in the same 2012 period. Revenue in the same period was 3.36 billion Hong Kong dollars, up 1 percent. Hutchison said […]
Non-vessel-operating common carrier Vanguard Logistics Services announced customers will be able to book their cargo to worldwide destinations from India on the NVO’s bill of lading and have 24-hour access to the status of their cargo as it moves through its global network. “We listened to our customers’ needs and have now structured […]
“The timing of these increases is important, as prevailing spot market rates have a very strong influence on contract rates, for which negotiations are presently getting underway for 2014 calendar year,” the firm said.
Evergreen said Sun Right, a 4,229-TEU chartered containership in its fleet, has sustained mechanical problems off the coast of California while on an eastbound voyage (Voyage No. 0607-119E) in the company’s NUE (North Asia-US East Coast) trade route. The ship is being towed to the Port of Los Angeles for necessary repairs and […]
The Japanese classification society Nippon Kaiji Kyokai (Class NK) is proposing safety measures following its own investigation of the MOL Comfort casualty this summer and the deliberations of a “Committee on Large Container Ship Safety” that was established by Japan’s Ministry of Land, Infrastructure, Transport and Tourism. The 7,041-TEU MOL Comfort cracked in half […]
The American Institute for International Steel (AIIS) said U.S. steel exports increased in August compared to July by 5.5 percent, but were down compared to August 2012 by 2.1 percent, according to government data released late due to the partial government shutdown in October. “The increase in August was due to a jump […]
Marking the one-year anniversary of the U.S.-Panama trade agreement entering into force Thursday, U.S. Trade Representative Michael Froman highlighted significant increases in American shipper activity to the Central American country. Some of the U.S. goods to experience an uptick to Panama are primary and fabricated metal products, processed food, petroleum and coal products, and apparel […]
Japan’s three large shipping companies — NYK, MOL and “K” Line — all reported better results for the periods ending September 30, when compared to the prior year, largely because of improvements in bulk shipping operations.
The U.K. P&I Club said a recent incident in which containers of crab shell meal caught fire due to self-combustion has highlighted safety issues with the substance, which is used as both a component in feed and for fertilizer. “Crab shell meal is not classified as a dangerous cargo such as fish meal, […]
China Shipping Container Lines Co. Ltd. said it had a net loss of 404 million yuan renminbi (RMB) in the third quarter ending September 30 compared to a net profit of 1 billion RMB in the same same 2012 period. The company had total operating revenue of 8.96 billion RMB in the third […]
