Sweden’s Wallenius Lines has ordered two large car carriers from Tianjin Xingang Shipyard in China with an option to build two more. The ships, scheduled for delivery in 2015 and 2016, will be operated by WWL.
Non-vessel-operating common carrier Troy Container Line will offer an array of new full- and less-than-containerload services to and from Bolivia, Chile, Peru, and Paraguay. Weekly services are now available to and from San Antonio, Chile; Callao, Peru; and Bolivia, while services will be bi-monthly to and from Paraguay, the Red Bank, N.J.-based company said. […]
At first glance, the proposed P3 Network of Maersk, Mediterranean Shipping Co., and CMA CGM — the three largest container carriers in the world — may better stand for the “Powerful 3,” conjuring thoughts of cartels and monopolies in the minds of shippers. Indeed the operations agreement would initially provide 255 ships in […]
The U.S. International Trade Commission has initiated a pilot program to test whether early rulings on certain dispositive issues in some section 337 investigations could limit litigation, saving time and cost for all parties involved.
Affirming a district court’s summary judgment, the U.S. Court of Appeals for the 9th Circuit held misdelivery claims against a freight forwarder were barred by a one-year limitations period set forth in bills of lading (Clevo v Hecny Transportation. 9th Cir. 11-55823. April 26). Clevo, a Taiwan-based manufacturer, agreed in 2007 to sell […]
With no large cargo facilities on or nearby Ellington Airport offering airfield access, Ellington Air Commerce Center will give aviation-related businesses an alternative to Bush Intercontinental Airport on the south side of the city.
The Georgia Ports Authority board has elected Robert S. Jepson Jr. to serve a second term as chairman of the board. Jepson was first appointed to the board in 2008 and previously served as vice chairman. The new vice chairman will be James A. Walters, and Stephen S. Green will serve as secretary/treasurer. […]
The roll-on/roll-off shipping companies that move cars, trucks and heavy equipment are facing a challenging year. Reporting first quarter results in May, Wilh. Wilhelmsen Holding, half-owner of Wallenius Wilhelmsen Logistics, said it had seen a continued drop in shipping volumes and a less favorable cargo mix, and expressed concern about “development within the […]
ANL Singapore Ltd. and the logistics company Agility will launch a new joint venture in Papua New Guinea July 1. ANL Agencies PNG Ltd., will primarily handle ANL’s shipping agency business throughout Papua New Guinea. Previously the ANL agency functions had been handled by Pacific Shipping Agency (PSA), which was 100-percent owned and […]
Antwerp-based Euronav NV has signed a four-year extension of its $300 million senior secured credit facility originally signed in April 2009 and which, at the time of the extension, had an outstanding of $221 million. The facility will continue to finance six vessels: the very large crude carriers Olympia and Antarctica, and four […]
P3 Network will operate 255 ships in 29 strings with 2.6 million TEUs of capacity. By Chris Dupin The three largest container shipping carriers — Maersk Line, Mediterranean Shipping Co. and CMA CGM — announced in mid-June they plan to establish a long-term operational alliance on East-West trades next year. The “Big Three” carriers […]
Container carriers suffered in 2012, and the 2013 financial outlook appears just as bleak. By Chris Dupin Is the container shipping industry’s tide of red ink ebbing? 2012 was another tough year for container liner companies, and the outlook for 2013 is far from reassuring. Last year American Shipper estimated in 2011 […]
DSV has acquired its Colombian agent, Airmar Cargo S.A., strengthening its position in South America. No financial terms of the deal were disclosed. Airmar was founded in 1997 in Bogotá and has been DSV’s exclusive agent in that market since 2009. The firm’s 60 employees and branches in Bogotá, Medellin, Cali and […]
In March, less than five years after setting its goal, FedEx Express scored a 22 percent cumulative improvement in fuel economy for its vehicles and set a revised goal to improve the efficiency of its vehicle fleet 30 percent by 2020.
The URCS is the STB’s general purpose costing system that’s used to estimate variable and total unit costs for Class I railroads, including making determinations on whether a railroad’s rates are reasonable.
Conexus, a third-party logistics services provider based in Tulsa, Okla., has relocated its Laredo, Texas operation to a larger facility within the same city. The company first started operations in Laredo in 2006. The new office is nearly triple the size of the previous location and sits on a 15 acre campus […]
Barbican Group Holdings Ltd. has acquired Seacurus Ltd., a U.K.-based specialist marine insurance broker that’s a leading provider of marine kidnap and ransom insurance. Seacurus will continue to operate under its current brand. Details of the transaction were not been disclosed. David Reeves, chief executive officer of Barbican, said “Seacurus is an excellent […]
A study released last week by the Maritime Administration said in 2011 the U.S. private shipbuilding and repairing industry directly provided 107,240 jobs (including payroll and self-employed jobs, including part-time jobs), $7.9 billion in labor income, and $9.8 billion in Gross Domestic Product. Including direct, indirect, and induced impacts on a nationwide basis, […]
After 35 years of service, FedEx parked the last of its Boeing 727 narrow-body freighters when the plane landed Friday afternoon at its hub in Memphis. The midsized freighter was first introduced to the FedEx fleet in January 1978.
Rahul Kapoor, senior analyst at Drewry Maritime Equity Research, said “the sheer collapse in Asia-Europe freight rates in the past two months shows how fickle the industry’s demand supply balance remains.”
