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, prepared at the request of […]
The French liner company is anticipating similar profitability despite a poor economy in Europe and supply-demand equilibrium, which CFO Michel Sirat said is still “a bit shaky” for the container shipping industry.
“Halifax has been targeting this type of Asian service as part of our container growth strategy. This service plays to our port’s strengths including transit time advantages via the Suez Canal,” said Port President and CEO Karen Oldfield.
The terminal operator said higher revenue was “driven by strong growth in the Middle East, Europe and Africa region representing our ability to improve revenue from both our container and non-container operations.”
With an eye to recent political upheaval in Egypt, the latest edition of Drewry’s Container Insight Weekly contains a detailed analysis of what might happen to the container shipping industry if the Suez Canal closed. “If the Suez Canal were to be suddenly closed tomorrow, container vessel schedules between Asia and Europe would […]
Crowley Maritime Corp.’s liner services group will now offer shippers a second weekly southbound sailing from Port Everglades, Fla., to Nassau, Bahamas, starting Saturday, March 23. The new sailing adds to Crowley’s current schedule, which includes a Friday sailing from Jacksonville, Fla., and a Tuesday sailing from Port Everglades. The new Saturday […]
The National Shipping Co. of Saudi Arabia (Bahri) will add the Port of Jacksonville to its liner service schedule. The carrier’s newly built multipurpose vessel Bahri Abha will make its first call at the Florida port on April 22.
DHL Express has increased its cargo capacity by 30 percent in Penang, Malaysia, with the introduction of its new A300 freighter service. Almost 61 percent of the exports from Penang go to China, the United States, Hong Kong, Japan and Germany, while 63 percent of imports come from China, the United States, Singapore, Japan […]
Hanson Logistics, a St. Joseph, Mich.-based temperature-controlled warehouse provider, has started the third phase of its Chicago consolidation center, located in Hobart, Ind. The expansion is part of the firm’s Velocities Multi-Vendor Consolidation program, which fills multiple SKU (stock-keeping unit) frozen food orders, shipping to major retail, wholesale, and foodservice distribution centers throughout […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has recently amended its regulations to allow the import of fresh bananas from the Philippines to the U.S. mainland. The agency said these bananas must be produced with a “systems approach” that includes requirements for importation of commercial consignments, monitoring of fruit […]
Data2Logistics, a supply chain information technology solutions provider, has launched its Shipper-Industry Benchmarking Program, providing a consultative review of a company’s freight shipping costs, comparing findings with industry benchmarks identified by Data2Logistics, to determine areas for cost reduction. The initial consultation is currently a complementary service for companies managing shipping payment in-house, through […]
Liner carriers Zim and Hapag-Lloyd both announced today that they were postponing or canceling containership orders. Zim said it had reached an agreement to immediately cancel orders for five vessels and postpone delivery of an unspecified number of others to 2016. The Israeli carrier also said it had an option to cancel […]
Members of the CKYH – Green Alliance of container liner companies (COSCON, “K” Line, Yang Ming, and Hanjin Shipping) said Tuesday they will restructure their current Asia-U.S. East Coast loops, effective mid-April.
Hapag-Lloyd said it had a net loss of 128 million euros ($166 million) in 2012 compared to a net loss of 28.8 million euros in 2011. The German carrier also had revenue of 6.8 billion euros last year.
Liner carrier Zim will participate in three G6 services to U.S. East Coast. Zim, which has been jointly operating the SCE service with the Grand Alliance between Asia and the U.S. East Coast, said Tuesday it will continue that relationship with the G6 Alliance. The change will be made in May, subject to U.S. […]
The Business Development and Economic Relations Working Group of the U.S.-Russia Bilateral Presidential Commission on Monday reached agreement on an Action Plan for 2013-2014. The plan will serve as a framework to guide bilateral economic cooperation between the countries in the coming year. “Russia’s accession to the WTO creates significant opportunities for […]
Chandra Brown has joined the U.S. Commerce Department as deputy assistant secretary for manufacturing. In this role, she will be responsible for identifying factors affecting competitiveness and barriers to exports for more than 21 U.S. industry sectors. As president of United Streetcars, Brown was responsible for securing federal funding to manufacture the […]
French liner carrier CMA CGM said it had a net profit of $361 million in 2012 compared to a loss of $5 million in 2011. Consolidated revenue rose was $15.9 billion, 7 percent higher than the $14.9 billion in 2011. The company said it carried 10.6 million TEUs, 6 percent more than the […]
After just a month and a half on an eight-week rotation, the ocean carrier Maersk Line has once again increased the speed of its weekly FM3 service between Asia and the Indian Subcontinent, decreasing roundtrip voyage time on the service from 56 days to 49 days. American Shipper reported April 12, 2012 that the FM3 […]
After two and a half months on a 10-week rotation, the ocean carrier Maersk Line has removed one of the two vessels added to its weekly Asia-to-South Africa Safari 1 service in December 2012. Roundtrip voyage time on the service has decreased from 70 days to 63 days, and transit times eastbound from […]
