Matson, the leading container carrier between the U.S. mainland and Hawaii, reported a profit of 20.1 million in the second quarter compared to $7.8 million in the same 2012 period. Operating revenue was $416.6 million in the quarter, up from $394.2 million in the same 2012 period. “We had another solid quarter, […]
Maersk Inc. of the A.P. Moller-Maersk Group said Wednesday it had agreed to sell substantially all the assets of its trucking subsidiary Bridge Terminal Transport (BTT) to an affiliate of Platinum Equity, a Los Angeles-based private equity firm. BTT performs container drayage services at ports and inland locations. The transaction is expected […]
Freight forwarder Laufer Group International has opened a JFK International Airport office. The office will service customers for both ocean and air and report to Martin Karczewski, director of operations. The New York air freight team, formerly at the company’s headquarters in downtown Manhattan, will now be located in the JFK facility. The […]
AIT Worldwide Logistics has opened an office in Toronto, Canada. This first Canadian location in AIT’s network is headed by independent contractor Branko Burazin. “The establishment of this location in the commercial and financial center of the United States’ largest trading partner is an integral step in our expansion strategy,” said Ray […]
Starting Aug. 19, trucks entering the secure area of a marine terminal in the Port of New York and New Jersey, must be registered in the port’s drayage truck registry (DTR) and authorized to conduct business at port authority terminals.
Hamburg-based Hapag-Lloyd said it had a group profit of 20.9 million euros ($27.8 million) in the second quarter of 2013, while NOL of Singapore, parent of APL, had a loss of $35 million in the second quarter of this year.
Pritzker U.S. Commerce Secretary Penny Pritzker will lead her first business development mission to Mexico City and Monterrey, Mexico from Nov. 18-22. The mission’s purpose is to strengthen the countries’ bilateral commercial and economic relationship and highlight new U.S. business opportunities with Mexico. Mexico is the United States’ second largest export market and […]
American Roll-on/Roll-Off Carrier (ARC) has expanded its Atlantic ro/ro service with the addition of a fifth U.S.-flag vessel. The ARC Freedom will allow for regular port calls at Galveston, Texas, and Veracruz, Mexico. “With this service expansion, ARC will provide substantial, reliable, and regular support to their commercial partners in the U.S., […]
Clean Cargo Working Group, an initiative of carriers and shippers dedicated to environmental performance improvement in marine container transport through measurement, evaluation, and reporting, said Independent Container Lines and Arkas Container Transport recently joining the membership. Zim also announced it recently joined the group. “The growth curve in membership continues to increase,” […]
Nie Lijuan, deputy secretary-general at the China Association of the National Shipbuilding Industry (CANSI), said the goal is to “ease the supply glut of low-end ships and boost technology competence in producing high-end ships.”
Crowley Maritime Corp. said it has tripled its bonded warehouse space in Panama and consolidated its liner and logistics teams to a new shared location in Panama City. Miguel Artiga, vice president of logistics for Central America, said the facility in the Parque Sur corporate and industrial park can handle nationalized and bonded […]
NRF President Matthew Shay said some members are paying thousands of additional dollars as a result of the congestion, with increased costs coming from storage at the terminal and longer driver wait-times of up to six hours.
AIT Worldwide Logistics has opened a new facility in Houston, strengthening the company’s presence in the oil and energy industry. The office is headed by Mike Wilson, a 25-year transportation industry veteran with experience in Mexico and Central America. “With the widening of the Panama Canal nearing completion, the Port of Houston […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has expanded the market for California table grapes to include Western Australia. The addition of Western Australia is anticipated to boost the estimated export value of table grapes, which last fiscal year was valued at $54.2 million. “Access to Western Australia […]
Capes Shipping Agencies, a Norfolk, Va.-based ships agency and bulk freight forwarder, has opened an office in Baltimore, adjacent to Seagirt Container Terminal. “Capes has served the Port of Baltimore area for many years and we are excited to launch a full-time operational presence in the heart of the Baltimore harbor. Our presence […]
OOCL said it will introduce a service connecting Asia, the East Mediterranean, and Black Sea next month, using Zim’s EMX service. The first call will be provided by ZIM Shekou which is scheduled to arrive on Sept. 6 at Pusan and will have the following port rotation is Pusan, Ningbo, Shanghai, Da Chan Bay, […]
The county has been promoting development of the Jasper Ocean Terminal for many years on the north bank of the river, on land that was used by the Georgia Ports Authority for disposal of dredge materials.
“As ocean carriers’ financial results are not expected to improve significantly before 2016, leasing will continue to grow, thereby creating opportunities for new financiers to enter the market,” the London-based consultancy said.
Horizon Lines said it had a loss from continuing operations of about $853,000 in the second quarter ending June 23 compared to a loss of $31.1 in the same 2012 period. Operating income was $16 million in the second quarter compared to $1 million in the second quarter of last year. Revenue […]
International Shipholding Group said it had profit of $1.9 million in the second quarter compared to $704,000 in the same 2012 period. (The company noted its results were swung by yen denominated loans. In the second quarter this year it had a non-operating gain of $1.8 million from its yen denominated loan; in […]
