It’s not clear how the company will deploy the ships. Maersk and most large shipping companies have deployed their largest ships in the Asia-Europe trade lane, but such strings generally require about 10 vessels.
The Chinese liner company’s report to the Hong Kong Stock Exchange said its container shipping business had revenue of 9.2 billion yuan in the first quarter, 14.3 percent more than in the first quarter of 2012.
Hong Kong-based OOCL had revenue of $1.36 billion in the quarter, 3.6 percent more than in the same 2012 period. Container volumes in the first quarter were 1,241,454 TEUs, down 0.3 percent from the same 2012 period.
Sea Star Line said it has increased its refrigerated container fleet by 25 percent in the past year to better serve the Puerto Rico trade. The company said it’s in the second year of a five-year plan to reduce the average age of its entire reefer fleet to less than threee years. Sea […]
UTi Worldwide has opened a new multi-client logistics center in New Taipei City, Taiwan. The facility, measuring 461,000 square feet, is located about 20 minutes from Taiwan Taoyuan International Airport and just off Taiwan’s Highway 2 for quick access to the island’s main distribution channels. “This facility is adaptable to the requirements of […]
Kuehne + Nagel is opening an office in the Russian Far East port city of Vladivostok. The new office will be managed by the operation in Yuzhno-Sakhalinsk where K+N started its activities in 2002 to cater to the needs of oil and gas companies. In addition to Yuzhno-Sakhalinsk, K+N operates two more locations […]
Just when you think it couldn’t happen — not in this day in age when communications are instant and regulatory oversight abounds — somewhere along the supply chain someone falters and you pay a hefty price. The risks of trading globally have always been huge — that’s why we have legal instruments like […]
This case highlights the importance of clean equipment when carrying ingredients for moving food. In 2006, Cargill and Ron Burge Trucking entered into a motor transport agreement that included rules about what loads Burge could carry before hauling food-grade salt, and how Burge had to wash its trucks before loading the salt. […]
During the 19th and early 20th centuries, logs were frequently transported in rafts, and sometimes sank to the bottom of rivers. Aqua Log is a company that recovers sunken logs. These consolidated appeals, Aqua Log v. Lost and Abandoned Pre-Cut Logs and Rafts of Logs. 11th Cir. Nos. 11-15060, 11-15076, 11-15078. Feb. 15, […]
First Solar counts on carriers, 3PLs to deliver materials safely to project sites. By Chris Dupin While clouds have been hanging over the solar energy industry in recent years due to weakening government support in Europe and the United States, executives at Tempe, Ariz.-based photovoltaic panel manufacturer First Solar gave a sunnier forecast for the […]
‘The transition continues and there is no turning back.’ By Chris Dupin Container carriers are continuing the push to reduce the size of their U.S. chassis fleets, but their efforts to thoroughly disengage from this business will take time. In 2009, shipping lines owned about 51 percent of ocean container chassis, while leasing […]
Thanks for bringing the important topic of the Trendset freight payment matter to the shipper community’s attention. In my 30-plus years in the business, I have never quite understood why anyone would want to make payment arrangements like these via a third party if it is not a bank. For example, we don’t […]
A leading U.S.-flag shipowners’ group said a proposal by the Obama administration to allow more purchasing of food abroad and eliminating requirements that it be carried on U.S. merchant ships would “dismantle an effective tool of American diplomacy.”
Evergreen said it will launch a new weekly direct service next month linking central China with the U.S. West Coast. The China-Pacific South West Service (CPS2) will employ five 4,000-TEU ships, with an inaugural sailing from Ningbo on May 14. The port rotation will be Ningbo, Shanghai, Los Angeles, Oakland and Ningbo. […]
The $743.3 million contract was issued to a joint venture of Skanska Koch and Kiewit Infrastructure Co. as part of a $1.29 billion project to raise the bridge so bigger ships can reach New Jersey and Staten Island terminals.
Ocean carriers are reaping big savings through slow steaming and using larger vessels, but a Germanischer Lloyd official said significant additional benefits can be realized through adopting improved technology.
The U.S. Department of Commerce’s Bureau of Industry and Security said Computerlinks FZCO of Dubai, United Arab Emirates, has agreed to pay a $2.8 million civil penalty following allegations that it committed three violations of the Export Administration Regulations (EAR). The violations are related to the transfer to Syria of devices designed to […]
The Obama administration said it’s looking forward to stronger trade relations with Vietnam through the Trans-Pacific Partnership (TPP) trade agreement. Acting U.S. Trade Representative Demetrios Marantis on Wednesday completed a three-day visit to Hanoi, where he discussed outstanding issues with Vietnamese President Truong Tan Sang, Deputy Prime Minister Vu Van Ninh, and ministers […]
It’s become an article of faith for some in the transportation industry that ocean shipping’s move to larger ships will be a boon to the environment. But speaking at a conference sponsored by the Coalition of New England Companies for Trade, Jason Mathers, senior manager of the Environmental Defense Fund (EDF), said it’s […]
The Obama administration Wednesday notified Congress of its intent to include Japan in the Trans-Pacific Partnership (TPP) Agreement negotiations. This notification follows an announcement on April 12 that the United States and Japan had completed bilateral TPP consultations, as well as an announcement by TPP countries on April 21 that they welcome Japan […]
