The 15 container shipping companies that are members of the Transpacific Stabilization Agreement are recommending a “guideline” general rate increase (GRI) for all commodities in the amount of $400 per 40-foot container (FEU) to the U.S. West Coast and $600 to all other destinations, subject to contract terms, effective July 1. The announcement […]
U.S. steel imports increased 4.2 percent in April compared to March, according to preliminary government reporting analyzed by the American Institute for International Steel (AIIS). “Imports increased in April primarily due to an increase in arrivals of semi-finished slab imports for further processing by the domestic integrated industry, suggesting a anticipation of improved […]
President Obama’s plans to overhaul food aid by allowing more regional and local purchase of food may be revised because of congressional opposition. An article appearing in on the Website of the Roll Call newspaper on Friday said there is concern by members of Congress from both parties that the planned changes would […]
Horizon Lines will start a “marine highway” service between Houston and Jacksonville, Fla., and restore capacity on the Jacksonville-Puerto Rico lane next month. Horizon Lines said its ship Horizon Producer, which today operates in a 14-day loop between Houston and San Juan, will now make an intermediary stop in Jacksonville on the eastbound leg of […]
The Caribbean Shipowners Association announced a general rate increase that will go into effect June 16. The increase is applicable to all contract and tariff rates, northbound and southbound, to and from all Caribbean basin service destinations. The increase is $75 for 20-foot containers, $150 for 40-foot containers and $169 for 45-foot containers. […]
“The drop in productivity has reached some 70 percent and is causing a serious port congestion in Sokhna with vessels not able to load and discharge containers according to their planned schedule,” the liner carrier said.
APM Terminals said Liberian President Ellen Johnson-Sirleaf dedicated a new 600-meter wharf at the Freeport of Monrovia on May 22. Under a 25-year agreement signed in 2010, APM Terminals Liberia operates the Freeport at Monrovia. In addition to handling containerized shipments, it is also a multipurpose facility that handles rice, cement, latex, unitized or […]
An accident last year that occurred when the Foss ship Delta Mariner struck the Eggner’s Ferry Bridge in Kentucky was caused by the reliance of the vessel’s bridge team on the independent contract pilot who provided incorrect navigational direction, said a report released earlier this month by the National Transportation Safety Administration. NTSB said […]
Three people were pulled from the river with minor injuries. Chief John Batiste of the Washington State Patrol said early indications were that a truck struck the overhead of the I-5 bridge, north of Seattle, causing the collapse.
Starting June 1, the container chassis provider Direct ChassisLink, Inc. (DCLI) will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management (CCM) pool, known as the South Atlantic Consolidated Chassis Pool (SACP). CCM said the addition of more than 7,000 former Maersk-owned chassis will increase the pool […]
Hapag-Lloyd is launching a new service linking 10 ports in Italy, Turkey and Egypt. The first sailing in the new Levante Express Service (LEX) will depart June 18 from Cagliari. Three vessels with approximate capacity of 1,400 TEU each will operate in this rotation: Cagliari, Alexandria, Damietta, Port Said, Mersin, Izmir, Cagliari, Genoa, […]
HSH Nordbank, one of the world’s leading shipping banks, said Wednesday it is has developed “an innovative financing solution for vessels, which are either in insolvency already or on the brink of filing for insolvency” together with the Navios shipping group. Navios Group’s shipping companies, with financing assistance by HSH Nordbank, will buy […]
The Norwegian ship investment company SinOceanic Shipping said Thursday that, on behalf of unnamed foreign interests, it has entered into a contract with Jinhai Heavy Industries in China to build 10 x 8,800 TEU “state-of-the art, super eco containerships.” The total transaction, consisting of the combined value of the vessels and the charter […]
Maersk Line said a major milestone was reached today with the “semi-launch” of the first of the 20 Triple-E containerships that Daewoo shipyard is building for the company in Okpo, Korea.
The Georgia Ports Authority said Subaru will start importing five of its models through the Port of Brunswick. Subaru National Transportation Manager Larry Strug said the deepwater port at Brunswick will serve two zones in Subaru’s national distribution network. The zones cover an area from North Carolina to Florida. Other import terminals include […]
The Port of Houston Authority’s commission Tuesday awarded a contract worth nearly $50 million to Konecranes Finland Corp. for four electric wharf cranes at Barbours Cut Container Terminal. The commission also amended a contract with Konecranes for eight diesel electric container yard cranes for Barbours Cut to include three additional diesel electric container […]
The U.S. Transportation Department on Wednesday awarded a $10.9 million TIGER 2012 grant to the City of West Memphis, Ark., to expand the city’s port. “Once the expansion is complete, the port will be able to handle increased freight rail capacity, helping businesses send more goods to markets across the country. It will […]
“We had to restructure and reorganize and become more like an asset manager, and that is what we did,” Tobias König, CEO of the company, said in a telephone interview with American Shipper.
The ocean carrier’s liner services group is adding more than 3,000 pieces of cargo handling equipment to its fleet. The new equipment will be used to serve shippers in its Puerto Rico, Caribbean and Latin America services.
Non-vessel-operating common carrier Shipco Transport will start a joint venture with its longtime partner and agent Profreight in Auckland, New Zealand. Shipco New Zealand will take over all activities currently handled by Profreight in Auckland and will be staffed with the current Profreight employees. Gary Sayles will serve as managing director of the […]
