International Bunkering, one of the world’s largest bunker and lubricant trading companies, has acquired U.S. bunker brokerage firm Glander International. All brand equities will be transferred from both companies and incorporated into the new company, Glander International Bunkering, from Nov. 1, the company said. “Clients will enjoy access to more in-depth knowledge, […]
Bogatch-Genossar The New York/New Jersey Foreign Freight Forwarders and Brokers Association has named Lea Bogatch-Genossar, ZIM’s Americas, Canada and Caribbean Area President, their Person of the Year. She will be honored at the 97th annual association dinner on January 22, 2014, at the Marriott Marquis Hotel in New York. “Lea Bogatch-Genossar is […]
By sharing vessel space, the carriers said they will increase total capacity in the trade by using two 2,500-TEU-capacity vessels, resulting in a more efficient operation and reduced carbon emissions in the lane.
FESCO Integrated Transport North America has launched a new regular container service from North America to St. Petersburg, Russia, from the ports of New York, Norfolk and Charleston with weekly frequency.
China Cosco Holding Co. Ltd. said it had a net loss of 737 million yuan renminbi (RMB) ($121 million) in the third quarter, compared to a 1.1 billion RMB loss in the same 2012 period. Revenue in the quarter was 15.9 billion RMB compared to 19.1 billion RMB in the third quarter of […]
NOL Group, the Singapore-based parent of the container liner company APL, on Wednesday reported a net profit of $20 million for the third quarter of 2013, down from $50 million in the same 2012 quarter. Revenue in the third quarter was $2.1 billion, down 10 percent from the third quarter of 2012. In […]
Hanjin Shipping said Wednesday that it is receiving a loan of 150 billion Korean Won ($141.6 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings. In return, Hanjin Shipping Holdings will be pledging Hanjin Shipping shares to Korean Air. Hanjin Shipping said “this decision has been made by the board […]
AGL Resources said its Tropical Shipping operation had earnings before interest and taxes (EBIT) of $2 million in the third quarter compared to a loss of $1 million in the same period a year earlier. In the first nine months, EBIT was $3 million compared to a $1 million loss in the first […]
The agreement would give the three carriers the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes.
“I believe management has good intent; I believe the ILA has good intent. But the big umpire in the room is the Waterfront Commission,” said Dennis Daggett.
Mobile, Ala.-based ASF Intermodal has opened an intermodal drayage facility in Chicago, the firm’s first location in the Midwest. The new Chicago terminal is the first of several Midwest terminals the company plans to open over the next 12 months. Paul Heyder will manage the terminal, which will begin with two office […]
A.P. Moller-Maersk has appointed Morten Engelstoft to chief executive officer of Services and Other Shipping. In addition, Engelstoft will take over the position of CEO for Maersk Tankers, while Hanne B. Sørensen, who formerly held this role, will become CEO of Damco. The changes at Maersk Tankers and Damco take effect Jan. 1. […]
The Obama administration expressed “serious concerns” about the enforcement of Guatemala’s worker-rights laws, expecting “solid progress” toward implementing the country’s commitments over the next six months.
The National Shipping Co. of Saudi Arabia, Bahri, said it had net profit of 146.1 million riyal ($39 million) in the third quarter compared with 60.2 million riyal in the third period of 2012. The company said the main reasons for the increase in profit were increased income from Petredec, an LNG trading […]
INTTRA said that it will roll out a cloud-based product early next year that will allow shippers — even and small- and medium-sized businesses — to get better visibility into their supply chains. Shippers will be able to log onto the INTTRA website and get updates on the status of their shipments, much […]
The Waterfront Commission of New York Harbor will hold November hearings on the New York Shipping Association and International Longshoremen’s Association’s request to add longshoremen, and checkers and clerks to area terminals.
The Marine Engineer’s Beneficial Association said Jesse M. Calhoon, its longest-serving president “who is widely credited with ushering the union into the modern era,” died October 22.
OOCL lifted 1,349,205 TEU in the third quarter, 0.9-percent less volume than in the same period last year, according to a filing by its parent company, OOIL, with the Hong Kong Stock Exchange. OOCL’s container volumes were down 3.5 percent in the transpacific and down 14 percent in the Asia-Europe trade, but were […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its regulations to allow the cold treatment of imported fruits and vegetables upon arrival at the MidAmerica St. Louis Airport in Mascoutah, Ill., effective Nov. 25. “We have determined that there are biological barriers at this port that, along with […]
“As I explored retirement options, we searched for a buyer that would provide the best home for our customers and employees,” said Jim Keller, president of KFS, in statement.
