Non-vessel-operating common carrier Ecu-Line has made several changes to its Far East management. “This step has been taken as part of the long-term development strategy for the region,” the company said. Already in February, Uday Shetty was appointed the new chief operating officer for the Asia-Pacific region. Today, Ecu-Line said Mike Dye, […]
Auggie Tellez, executive vice president of the Seafarers International Union, said in testimony the U.S.-flag vessel industry already lost a third of food aid cargo last year because of a change in the MAP-21 transportation law.
MOL said it will open its own office in Canada and operate as MOL (Canada) on July 31, ending 53 years of representation of its liner business by the agency Montship. All other agent agreements between MOL’s non-liner divisions and Montship will continue without interruption. “Montship has been a fantastic partner for MOL […]
COSCO Pacific has entered into a conditional agreement to sell its 21.8 percent indirect interest in CIMC for $1.2 billion to Long Honor Investments Ltd., which today has a small 0.95 percent stake in the company.
Mediterranean Shipping Co. said it will start a new service connecting Port Everglades, Fla., with Caucedo and Rio Haina in the Dominican Republic, beginning in mid-June. The service will offer transit times of 3-4 days. – Chris Dupin
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced they will cooperate on a new service between China, Taiwan, and Australia. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEUs. Evergreen Line and Yang Ming will contribute two vessels each while Pacific International Lines and Sinotrans will provide […]
Ocean carrier Sea Star Line has appointed Tim Nolan to executive vice president. Nolan has an extensive background in liner shipping, including management experience in Chile, as well as the Latin America and Caribbean trades. He has also been involved in business development and international logistics. Most recently he was senior vice president and […]
The National Oceanographic and Atmospheric Administration said Monday it had forwarded to the U.S. Coast Guard a new report about 36 sunken vessels scattered across the U.S. seafloor that could pose an oil pollution threat. Seventeen of the ships were recommended for further assessment and potential removal of both fuel oil and oil […]
The liner carrier also announced a $150-per-container increase on dry and refrigerated cargo moving from the Mediterranean to the Far East, effective June 1. From Syria, the increase will be $115 per container.
Drewry is predicting an increase in slow steaming by container carriers. “Although slow steaming continues to be a contentious issue with shippers, more is on the way as fuel prices remain stubbornly high and ocean carriers can no longer absorb the bill due to the parlous nature of their finances,” the London-based consultant […]
Lars Jensen, chief executive officer of SeaIntel Maritime Analysis, writes that “From a service quality perspective, the data thus support the shippers’ notion that this is becoming a significant issue if supply chain stability is of importance.”
Georgia Ports Authority (GPA) moved 2.4 million tons of cargo in April, a 4.7 percent increase — or 108,532 tons –- over the same month a year ago. “Our total tonnage makes April the highest volume month on record,” said GPA Executive Director Curtis Foltz The GPA handled 258,951 TEU, 10,040 TEUs […]
Xinhua quoted He Jianzhong, China’s vice minister of transportation, as saying the government would assist companies in several ways, including offering subsidies to encourage retirement of old ships to reduce supply and improve safety.
Port Corpus Christi says it has been a leading port for imports of wind energy turbine components since 2006, but last week handled components for export for the first time. On Saturday, 35 Mitsubishi wind blades made in Ciudad Juarez in northern Mexico were loaded on a vessel carrier operated by NYK-Hinode. […]
Remember back to 1996 when Maersk introduced the 6,400-TEU Regina Maersk to the Europe-Asia trade? Then the vessel was considered the giant of the sea, unable to fit through the Panama Canal and barely able to enter fully laden in many U.S. East Coast ports due to its hull depth. Since renamed the […]
In late April, six Greenpeace protesters boarded the vessel Meister, which was carrying coal from northern Queensland, Australia to South Korea. “Right now there is no political solution to this problem because all the major political parties have committed to doubling and trebling our coal exports,” they said. The Australian Coal Association […]
U.S., Canadian shippers struggle to meet anti-bug rules for cargo platform. By Chris Dupin Wood packaging material, such as pallets, crates, and dunnage, used to secure freight has been subject to strict U.S. regulation under an agreement known as the International Standards for Phytosanitary Measures No. 15 (ISPM 15) since September 2005. The idea […]
Liner carriers set changes to their fleets as Iraq, Afghanistan wars end. By Chris Dupin The U.S. merchant marine is adjusting to the drawdown in military operations in Iraq and Afghanistan by reconfiguring their services. In April APL announced plans to take four of its U.S.-flag ships out service — the President Adams, President […]
United States expects to bolster trade with South America, hastening liner carrier service changes. By Chris Dupin In the past month, the Obama administration has been drawing renewed attention to the importance of trade between the United States and Latin America. In early May, the president visited both Mexico and Costa Rica, and at […]
In late April, a joint venture by ACM Shipping and broker GFI Group exited the container derivatives market. A GFI spokeswoman said the firm might return someday to the business, but today there were “not enough willing participants to trade.” Together with ACM and McQuilling, GFI continues to offer tanker and dry bulk […]
