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 […]
Express carrier UPS has acquired the 49 percent interest that VN Post Express had in a joint venture, giving the company 100-percent control of its operations in Vietnam. “With UPS now wholly-owned in Vietnam, our customers in this growing market are better connected to the world through the UPS global network,” said Brendan […]
Echo Global Logistics, a Chicago-based provider of transportation and supply chain management services, has acquired Open Mile, a truckload brokerage headquartered in Boston. “Open Mile has developed leading edge, cloud-based technology that successfully automates many of the manual tasks of transportation management,” said Douglas R. Waggoner, Echo Global’s chief executive officer, in a […]
Hiab, part of Cargotec corporation, has received 1.4 million euros ($1.8 million) in funding from the European Union for a three-year research project with three universities in Poland and Sweden to develop sustainable load-handling equipment. Specifically, the project will focus on a new approach to control systems to improve operational safety and the […]
The G6 Alliance, which announced earlier this year that it would expand beyond the Asia-Europe trade lane, has revealed port rotations for six services between East Asia and the U.S. East Coast, starting in May.
“K” Line has not yet decided if it will own the ships or charter them from another company. “There are several options but our basic idea is to create an off-balance-sheet scheme for these vessels,” a “K” Line spokesman said.
The Shanghai Container Freight Index (SCFI) for exports from China jumped sharply last week. The overall SCFI rose 13.1 percent to 1,231.31, while the index for cargo moving to Europe was up a whopping 42.4 percent to 1,423 and to the Mediterranean, 42.3 percent to 1,366. ACM/GFI’s Container weekly newsletter said the increase “reflected an […]
Maersk Line’s Triple-E container ships will star in their own television mini-series. The shipping company said the Discovery Channel will broadcast a six-part series on the construction of the ships at Daewoo’s DSME shipyard in South Korea. “Discovery Channel has exclusive access to document every stage of the build; from the design […]
Friday, March 15, marked the one-year anniversary of the entry into force of the U.S.-South Korea free trade agreement and, so far, the White House is pleased with the results. U.S. auto, chemical, services and ag exports make inroads.
Commissioner William P. Doyle said the G6 Alliance will deploy more than 50 ships in the transpacific trade, with three strings through the Panama Canal and three through the Suez Canal, and is scheduled to begin operations in May.
Soren Skou, Maersk Line CEO, said if there’s insufficient demand by shippers for transport when its 18,000-TEU ships enter service later this year between Asia and Europe, the company will trim capacity.
The Japanese government announced it intends to join the Trans-Pacific Partnership negotiations. The TPP is a free trade agreement currently under negotiation between 11 countries, including Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Trade groups welcomed the possibility of including Japan in the TPP. […]
The Southern California ports of Long Beach and Los Angeles reported strong growth in cargo volumes in February, but noted the sharp increase may be due in part to the timing of Chinese New Year which dampened volumes last February but led to a surge this year. The Port of Long Beach said its […]
An effort by the state of Delaware to attract private investment in the Port of Wilmington has stalled. In a letter to Alan Levin, director of the Delaware Economic Development Office and chairman of the Diamond State Port Corp., Texas-based Kinder Morgan said it’s “suspending our efforts to secure a long-term lease arrangement with […]
China Shipping Terminal has signed a memorandum of understanding with to purchase a 24-percent share of APM Terminals Zeebrugge. The transaction is scheduled to be finalized by the end of June 2013. APM Terminals currently holds a 75-percent majority share in APM Terminals Zeebrugge N.V., with the Shanghai International Port Group (SIPG) having […]
Evergreen Line will team up with Hanjin and Simatech to launch a new service linking the Indian Subcontinent, Persian Gulf and East Africa from late March. Four 2,500-2,800 TEU vessels will be deployed on the joint “IDEA” service. The first sailing is planned from Mundra (Northwest India) on March 26. The port rotation for the […]
Worldwide Express, a Dallas-based package shipping firm and one of the largest UPS express service resellers, has launched an enhanced version of its shipping technology platforms, SpeedShip 2.0 and SpeedFreight 2.0. “Historically, most shipping companies have set up their UPS customers on SpeedShip 1.0,” said David R. Kiger, chief executive officer, who founded […]
The Cleveland-Cuyahoga County Port Authority’s board on Thursday elected Marc Krantz as chairman. Chris Ronayne was also named vice chairman, while Diane Downing was picked to be secretary. They will each serve one-year terms. Krantz is managing partner of the Cleveland law firm Kohrman Jackson & Krantz. He has served on the […]
Inchcape Shipping Services is warning that if ships arriving from Asia are infested with Asian gypsy moths or do not have required documentation, there can be significant delays in cargo loading or discharging activities. The company has published an alert on the subject, advising of Asian gypsy moth regulations for vessels arriving at […]
