Green Marine, a voluntary marine industry environmental improvement initiative, and the American Association of Port Authorities signed a memorandum of understanding underscoring a new collaboration to advance the environmental sustainability of port and terminal operators. The MOU, signed today during AAPA’s 102nd Annual Convention in Orlando, Fla., will increase cooperation between the two […]
A U.K.-based provider of maritime research, Dryad Maritime Intelligence, is renewing calls for heightened vigilance by ships traveling near Somalia following the recent attack on two ships, including the British-managed Island Splendor, stating that “just one successful hijack and holding to ransom of a large merchant vessel could revive Somalia’s maritime criminal infrastructure.” […]
“It makes no sense for rates to be at current levels, and it threatens the ability of individual carriers to maintain service levels heading into 2014,” said Brian Conrad, the Transpacific Stabilization Agreement’s executive administrator.
John F. Reinhart, the long-time head of the Norfolk, Na.-based U.S.-flag vessel arm of Denmark’s A.P. Moller-Maersk Group, will continue to lead the company until his departure at the end of January 2014.
The Port of Los Angeles said it handled 710,892 TEUs, including empty containers, in September, 4.57 percent fewer than in the same 2012 period. Combined total loaded imports and exports for September decreased 6.55 percent from 557,683 TEUs last September to 521,165 TEUs this September. Empties increased 1.33 percent year over year. […]
FESCO Integrated Transport North America has launched a new regular container service from North America to the Russian Black Sea ports of Novorossiysk and Sochi where the 2014 Winter Olympic games will be held Feb. 7-23. FESCO will offer service as a non-vessel-operating common carrier every nine days from the ports of New York; […]
Non-vessel-operating common carrier CaroTrans has started a direct Los Angeles-to-Suva, Fiji less-than-containerload service. The NVO said the typical transit time to this market has been reduced from 32-36 days to 12 days via this new service. Expedited and bonded on forwarding from Suva to markets Nadi and Lautoka are offered, CaroTrans said. […]
For exports to the Far East moving through U.S. West Coast ports, the general rate increase is $80 for 20-foot dry boxes and $100 for other size dry boxes, including 40-footers, 40-foot high cubes, and 45-foot high cubes.
Clarkson Securities, which helped pioneer container freight swaps, is getting out of the business because of a lack of volume. In late April, a joint venture by ACM Shipping and broker GFI Group also exited the container derivatives business. “We persevered for four years,” said Alex Gray, chief executive officer of Clarkson […]
Peel Ports said work has begun on constructing the quay wall at the new Liverpool 2 Container Terminal. The terminal, being built at a cost of 300 million pounds ($480 million), will provide a new 854-meter quay wall, at which two post-Panamax containerships of up to 13,500 TEUs will be able to dock. […]
The Copenhagen-based consulting firm said a comparison of freight forwarders and carriers between 2008 and 2012 found the volume of cargo arranged by large forwarders was more volatile than that moved by carriers.
Liner carrier APL has put its newest containership, the 9,200-TEU APL Savannah, into service in the transpacific. The vessel, the fifth of a series of 12 on order, will operate between Asia and the United States on the South Asia Express (SAX) service, rotating ports in San Pedro, Busan, Kaohsiung, Chiwan, Yantian and […]
Damco, the forwarding arm of the A.P. Moller Maersk, has appointed Tommy Mølgaard as its global chief financial officer. Mølgaard was previously head of corporate finance at another Maersk subsidiary, APM Terminals. He has more than 20 years of experience in finance at a senior level in the logistics sector. He gained extensive experience […]
Molasses was released in early September into Honolulu Harbor from a pipeline system operated by a Matson subsidiary, and the company said it is fully cooperating with regulators involved in responding to and investigating the spill.
APM Terminals on Friday held a formal contract signing with the Van Oord-BAM consortium for the construction of the new Moin Container Terminal in Costa Rica. The conortium has been awarded the contract for the construction of the first phase of the TCM, which is expected to begin in the first quarter of […]
“Shippers are rightly worried about the potential of the P3 to eliminate effective competition in the world’s main liner trades,” said Chris Welsh, head of the Global Shippers’ Forum. “We therefore need an in-depth assessment of the P3.”
The companies have joined forces to establish Global Reefers NV, which they say will offer “the most efficient service on specialized reefers and container lines from Chile, Peru and Colombia to the world.”
MOL has announced changes on New World Alliance services in the transpacific. Sailing days and transit times are being changed on the PCX service and PNW/PS1 services are being combined into a single loop.
Logistics property investor and developer Verdion has entered into an agreement with the Healthcare of Ontario Pension Plan (HOOPP) to fund and develop logistics parks in Europe valued at over 1 billion euros over the next five years.
Unifeeder, a major European feeder and short-sea operator, will consolidate its short-sea transport operations through the Eurogate terminal in the Waltershof section of Hamburg, Germany. “Many of Unifeeder’s customers, including automotive manufacturers and suppliers, depend on seamless transport and supply chains to support their manufacturing processes,” said Eurogate in a press release. “One of […]
