Maritime

   The U.S. Export-Import Bank has entered a marketing partnership with the Monterey Bay International Trade Association (MBITA), a non-profit organization in northern California, to help small and midsized exporters enter overseas markets.    The so-called City/State Partners program contract will connect Ex-Im Bank’s products and services to MBITA’s network of entrepreneurs and financial institutions in […]

   The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines.    “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” said Ex-Im Bank Chairman […]

   The National Shipping Co. of Saudi Arabia (Bahri) has sold its general cargo vessel, Saudi Diriyah, for scrap.    The company received SAR 30.25 million ($8 million) for the ship, generating a net gain of about SAR 19.5 million after deducting its book value and all expenses related to the sale. The financial impact […]

   In May, Florida Coastal School of Law will start a number of programs in logistics and transportation law, including a Master of Laws (LL.M.) degree, as well as graduate certificates for lawyers and non-lawyers interested in transportation law.    The programs are offered online and can be completed on the student’s schedule any time. […]

Under Hochberg’s leadership in fiscal year 2012, the bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.8 billion in authorizations.

   A federal grand jury in San Juan, Puerto Rico, has returned an indictment against Thomas Farmer, a former executive of Jacksonville, Fla.-based Crowley Liner Services, for participating in a conspiracy to fix rates and surcharges for freight transported by water between the continental United States and Puerto Rico.    The Justice Department’s indictment, filed last […]

   The proposed merger between the container liner companies Hapag-Lloyd and Hamburg Süd has been called off.    A brief statement from the shareholders of Hapag-Lloyd – the Albert Ballin investment group and the German tourism company TUI – on Sunday indicated the merger had been put on hold at the request of the Oetker Group, the […]

Roy Schleicher, interim CEO at the Florida port, said because of the depressed economy, the port came to a “mutual agreement with Hanjin… that we would not pursue building their container terminal at Dames Point.”

Lead bill sponsor State Republican Rep. Gene Ward noted foreign-built vessels are allowed in the domestic Guam trade, and said an exemption for cruise ships was put in place in 2003 by the late U.S. Sen. Daniel K Inouye.

   The Port of New Orleans said its board of commissioners has given notice to AECOM Technical Services to begin the design of the port’s new Mississippi River Intermodal Terminal Project.    The port received a $16.7 million federal transportation grant last year for improvements to the Napoleon Avenue Intermodal Terminal. The project site is […]

   Maersk Line on Friday said it will raise freight rates April 15 from Asia (excluding Japan) to European destinations by $500 per TEU, while its rates to Syria will be raised 385 euros per TEU.    “The prevailing freight rates from Asia to North Europe and the Mediterranean make it unsustainable and financially unviable to offer […]

   The U.S. International Trade Commission ruled imports of stainless steel sinks from China are subsidized by the Chinese government and are harming domestic manufacturers of similar products since they are sold on the U.S. market at less than fair value.    All six ITC commissioners voted in the affirmative on Thursday.    As a […]

   A fact-finding mission this week to Panama by representatives of the Terrebonne Parish Economic Development Authority (TEDA) and the Port of Terrebonne in Louisiana has port officials considering the prospects of exporting liquefied natural gas.    “In the process, we identified a huge opportunity in the exportation of liquefied natural gas (LNG),” said TEDA […]

   The Government Accountability Office Wednesday released a report on shipping between Puerto Rico and the United States and possible modification of the Jones Act requirement that vessels participating in the trade be registered in the United States, crewed by U.S. citizens, and built in a U.S. shipyard.    The report was prepared at the request […]

   The American Logistics Aid Network (ALAN) said last October’s Superstorm Sandy, which ravaged the U.S. Northeast, has shown the network’s strength, as well a highlighted areas for improvement.    “A particular strength of ALAN’s network is that its members tend to be problem solvers,” said ALAN President Jock Menzies, in a statement. “Supply chain […]

   CenterPoint Properties broke ground this week on a new ACE Hardware distribution center at Wilmer, Texas.    The 450,000-square-foot facility will be situated on 31.3 acres within the 59.9-acre Sunridge Business Park.    The facility will be leased by ACE for 10 years, and is located about 10 miles outside Dallas, along the LBJ […]

The economic relationship between the United States and European Union is already the world’s largest, accounting for one third of total goods and services trade and nearly half of global economic output.

   U.S. Commerce Department officials said progress was made to strengthen the economic relationship between the United States and Brazil, following the eighth meeting of the U.S.-Brazil CEO Forum, which took place in Brasilia this week.    “It is clear that both the Obama and Rousseff administrations recognize that our two countries must continue to […]

   Chinese liner carrier COSCO has announced a general rate increase of $475 per TEU for all shipments from Far East (excluding Japan) and the India and Pakistan region to Northwest Europe and the Mediterranean (including Israel, Lebanon, Syria, North Africa and West Africa Region), effective April 15.    COSCO also said it will increase rates on April 15 […]

   UPS has appointed Cindy Miller to president of UPS Europe and Derek Woodward as president of emerging markets, effective April 30.    Miller, currently president of UPS U.K., Ireland and Nordics, was promoted to succeed Jim Barber who was appointed president of UPS International. Miller is a UPS veteran of 24 years and has […]