NewPort Tank Containers and Sinochem Safe Transport said they will create a common ownership platform for combining their international, deep-sea tank container operations. The companies have worked together since 2009 under an “operating agreement,” allowing them to operate as one company, but with two separate brands. Under the new ownership structure, the partners will […]
The vessels will each have a capacity of 770 FEUs and be used in the company’s U.S. West Coast operations. Self-geared and equipped with gantry cranes, they will be delivered in late 2015 and early 2016.
The U.S. Department of Agriculture has begun issuing nearly $2 million in fiscal year 2012 payments through a program that assists farmers and producers in U.S. territories who paid to transport either an agricultural commodity or input used to produce it. The USDA announced the sign-up period for the fiscal year 2013 program […]
In its latest update on the containership MOL Comfort, the Japanese liner company MOL said that firefighters have been unable to bring a fire under control on the section that remains afloat because of adverse weather. The ships fractured in two parts on June 17. The aft section of the ship sank 10 days […]
Days after delivering the first in a series of 20 new 18,000-TEU ships to Maersk Line, Daewoo Shipbuilding and Marine Engineering has reportedly landed another order for three giant containerships. Citing a Korean regulatory filing from earlier this week, Bloomberg said Daewoo has snagged an order worth 481.2 billion won ($424 million.) Dow […]
Crowley said its petroleum distribution group completed its acquisition of Anderes Oil, a fuel company in Ketchikan, Alaska, on July 1. The Anderes family, after 50 years of serving Ketchikan, is leaving the oil business to pursue other interests. “This is our first venture in the southeast Alaska market and we are […]
The U.S. Export-Import Bank said Transnet SOC Ltd., a company based in Johannesburg, South Africa, will receive about 1.1 billion South African rand ($108 million) in financing to support the purchase of 53 American-made General Electric locomotives. Ex-Im Bank’s financing to Transnet will now total $230 million. In February 2011, the bank approved […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service will publish an interim rule establishing the definitions of “common cultivar” and “common food crop” and seeks public comment on the definitions of “commercial scale” and “tree,” terms used in the Lacey Act, a federal law that combats trafficking in illegal wildlife, fish, […]
The Cleveland-Cuyahoga County Port Authority’s board voted unanimously Monday to place a levy renewal on the November countywide ballot. “The port plays a unique and essential role in our region,” said Port Chairman Marc Krantz in a statement. “We are the only local government agency whose sole responsibility is to spur job creation […]
Liner carrier MOL has announced the following organizational changes for the transpacific trade, which will take effect in August: Calvin Duffaut, assistant vice president for yield management and corporate communications for MOL (America), has been promoted to vice president of yield management of MOL Liner and will relocate to Hong Kong. Toshihiko Sato, senior manager of transpacific trade, will […]
China Navigation has held a 13 percent interest in PLL since 1979, and now has acquired the remaining 87 percent. Swire said management of PLL will remain in San Francisco and Interocean Steamship Corp. will continue.
MOL said Tuesday morning that a fire continues to burn on its wrecked containership MOL Comfort. The company said “due to adverse weather, the work has not been progressing smoothly and the fire is not yet under control. Observations show that many containers on the deck have been burnt out.” MOL Comfort […]
Hapag-Lloyd said in August the Gulf Atlantic Express (GAX) service between North Europe and the United States will switch its Miami call to Port Everglades, Fla. The last vessel calling at Miami will be the St. Louis Express, expected to arrive Aug. 17. The first vessel calling Port Everglades will be the Philadelphia Express […]
Container carriers “need to rely less on the chronic use of general rate increases (GRIs) and pay more attention to minimizing surplus capacity at the trade route level to stabilize the shipping market,” said the London-based consultants and research firm Drewry. “We are stuck in a vicious rut of GRI, followed by rapid […]
Russia’s chief sanitary inspector complained to the Moscow Times newspaper that the United States was trying to use political and administrative pressure to overturn the ban instead of going to an international court.
Maersk Line said it will implement a general rate increase on dry cargo shipments moving from Miami to Panama on Aug. 8. The increase is $150 for 20-foot containers and $300 for 40- and 45-foot boxes.
Shipments of iron ore on the Great Lakes totaled 6 million tons in June, a decrease of 6 percent compared to May, and a drop of 7 percent compared to a year ago, according to the Lake Carriers’ Association. Loadings also trailed the month’s long-term average by 4.4 percent. Iron ore shipments […]
MOL reported a fire had broken out in the fore section of the containership as it was being towed. If this section of the vessel is also lost it could further complicate efforts to determine what caused it to break in half.
MOL Liner said T.K. Konishi has been promoted to chief executive officer effective June 21, succeeding Junichiro Ikeda who remains chairman of MOL Liner. Konishi said the company will shift its transpacific trade management to Hong Kong where it will locate all trade management function to and from the Asia region as well […]
The U.S. Transportation Department has issued a $421 million loan for the S.R. 91 Corridor Improvement Project in Southern California to increase capacity on the corridor and ease congestion on the Riverside County side of the highway. DOT said the loan was made possible through “innovative federal financing assistance that partners with private […]
