TRAC Intermodal has introduced a premium 40-foot gooseneck marine chassis. The container leasing company said its “TRAC TITAN” chassis are available for daily use to motor carriers in the Port of New York/New Jersey, Savannah and Charleston. “We asked our motor carrier customers what was important to them, and one consistent response […]
PSA International said the Zeebrugge International Port (ZIP) Container Terminal in Belgium opened last week with the berthing of the Ever Laden, a deepsea container vessel operated by Evergreen. While the Ever Laden is a ship with 8,452 TEU capacity, Singapore-based PSA said the terminal “has been designed as a hub for megavessels […]
Alabama Steel Terminals will develop a new $36 million steel coil handling facility at the Alabama State Port Authority’s main docks complex in Mobile. AST will construct the 372,600-square-foot warehouse in two phases.
The award of $11.7 million in damages to the owner and operator of a dredge that was struck by an orange juice tanker was upheld by the U.S. Court of Appeals for the 2nd Circuit in a summary order. (Great Lakes Bus. Trust v. M/T Orange Sun. 2nd Cir. 12-1270-cv. April 30.) Great […]
In 2004, the tanker Athos I carried a cargo of crude oil from Venezuela to Paulsboro, N.J., and while approaching a terminal on the Delaware River, the ship’s hull was punctured by a submerged anchor just 900 feet from its berth. (It is not known how the anchor, since recovered, got there. It […]
With competing needs for capital, liner carriers are using more leased containers. By Chris Dupin To buy or lease? It’s a question faced not only by new car shoppers, but liner shipping companies when deciding how to obtain new containers. In recent years, with many carriers recording losses and needing capital for other […]
Rickmers CEO says ocean shipping must tap new financial sources. By Chris Dupin For decades, limited partnerships, or “kommanditgesellschaft” (KG) in Germany, and loans from European banks have been important sources of capital for shipowners. But in the wake of the 2008 financial crisis, obtaining capital for the maritime industry has become increasingly difficult. […]
Senior shipping executives and labor leaders gathered last month to celebrate the retirement of Jim Capo and Brian Dugan, respectively the chief executive officer and vice president of the U.S. Maritime Alliance (USMX), and Joe Curto, president of the New York Shipping Association (NYSA). Both groups were very much in the news last […]
Liner carriers spanning the east-west container trades may be desperately pressing for rate increases to make up for financial losses, but indications are that industry resolve is as strong as a house of cards. Since July 1, this shift upward in prices for container transport, especially on the spot market, has been witnessed […]
UPS said it had a profit of $1.07 billion in the second quarter, 4 percent less than the $1.12 billion earned in the same 2012 period. Revenue was $13.51 billion in the second quarter, 1.2 percent higher than the $13.35 billion recorded in the same 2012 period. International package volume was up 5 […]
Maersk Line said it will implement a general rate increase (GRI) for dry and reefer shipments from the Far East to the United States on September 1. Rates will increase by $400 to the U.S. West Coast and $600 to the U.S. East Coast per standard 40-foot container. Additional information on scope and other […]
If the Suez Canal was suddenly closed, container vessel schedules between Asia and Europe could be immediately adjusted to minimize delays by simply increasing speeds to 22 knots in each direction and sailing around the Cape of Good Hope.
Giovanetti, who has served as a member of American Shipper magazine’s editorial board, said he plans to stay active in ocean shipping, “but just not as intensely as I have up to now.”
The admiralty and maritime law firm Nourse & Bowles has merged with McLaughlin & Stern, a large, full-service firm with offices in New York City and Florida. The combined firms will offer legal services to the maritime and related industries, including cargo, charter party, vessel management, personal injury, death, and insurance issues. – […]
“We believe that Tampa is right in the sweet spot for short-sea shipments out of Mexico. We also believe it will become a gateway port for export finished vehicles,” Steven Rand, Amports president and chief executive officer, said.
U.S. importers are hopeful that legislation introduced in the House this week to renew the Generalized System of Preferences (GSP) for two years will pass before the duty-free import program expires July 31. In 2012, GSP saved American companies nearly $750 million on imports from 127 developing countries. “We are so happy […]
A former Customs and Border Protection officer, his girlfriend, a nephew and two of their associates were sentenced Thursday in federal court for participating in bribery and alien smuggling activities along the U.S./Mexico border spanning about two years, according to the U.S. Justice Department. Juan Carlos Guerrero, a former CBP officer from Mission, […]
The Philadelphia Regional Port Authority said it handled 2,519,967 metric tons of cargo in the first six months of this year, or a 13.62 percent increase over the same period in 2012. If current cargo trends continue through the remainder of the year, 2013 will be the fourth straight year of double-digit cargo […]
The U.S. Federal Maritime Commission has received 27 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Gwinnett Shipping & Receiving, Norcross, Ga. (Won A. An, manager); King Solomon Logistics, South Richmond Hill, N.Y. (Bernard Hollingsworth, president); KY Logistics, Jamaica, N.Y. (Yau Fung Ling, president); Master Logistics, […]
The U.S. Federal Maritime Commission has received 27 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from BeavEx, Nashville, Tenn. (David W. Hofer Jr., vice president); BFB North America, Pembroke Pines, Fla. (Cenovia Huanaquiri, president); Eurybia Logistics, Monterey Park, Calif. (Zhang Yi, president); Global Relocation, […]
