The Port of Charleston handled 121,286 TEUs in January, 7.7 percent more than the same month in 2012. It was another good month for the port, which handled 892,387 TEUs in the first seven months of its current fiscal year, 11 percent more than the same period a year earlier. South Carolina Ports Authority […]
APM Terminals said it has entered a final agreement with Petkim to create and operate for 28 years the Aegean Gateway Terminal (AGT), close to Izmir. APMT said the new facility will be one of Turkey’s largest container and general cargo terminals. It will be entirely operated by APMT under a concession agreement […]
CMA CGM announces rate hikes
French ocean carrier CMA CGM has announced the following general rate increases: On March 15, the rate on dry and refrigerated cargoes from India and Pakistan to the U.S. East Coast will increase by $320 per 20-foot container, $400 per 40-foot container, and $450 per 40-foot high-cube containers. On April 1, the […]
International Shipholding Corp. said Thursday it had closed on the sale of $25 million of cumulative redeemable perpetual preferred stock at $100 per share. Dividends will be payable on the Series A preferred shares at an initial rate of 9.5 percent per annum of the stated liquidation preference when, as and if declared […]
Late Wednesday the OCU bargaining units voted and agreed to ratify the terms of tentative agreements reached with the Harbor Employers Association member companies on Dec. 4, 2012.
“Any move to eliminate these important U.S. commodity donation programs would be shortsighted, ineffective, and could ultimately jeopardize national security and merchant mariner jobs,” warned the USA Maritime chairman.
The Danish newspaper Børsen has reported the European short-sea operator Unifeeder has been put up for sale by its owner, the private equity firm Montagu and Maersk Line has been mentioned as a potential buyers. Unifeeder, based in Aarhus, last August acquired the Dutch short-sea operator Feederlink. Maersk Line has its own intra-Europe […]
Matson Logistics, a provider of multimodal transportation, warehousing, and distribution services, has obtained distribution center space in Savannah, Ga. “Our new operation expands on our ability to move retail goods in through the Port of Savannah,” said Mark Ferzacca, assistant vice president of sales for Matson Logistics Warehousing, in a statement. “More companies […]
The Scientific Commission for the World Organization for Animal Health (OIE) recommended Wednesday that the United States’ risk classification for bovine spongiform encephalopathy (BSE), or “mad cow” disease, be upgraded to “negligible risk.” “This is a significant achievement for the United States, American beef producers and businesses, and federal and state partners who […]
The U.S. Commerce Department on Wednesday determined that Chinese-made stainless steel sinks are dumped on the U.S. market, as well as benefit from export subsidies from the Chinese government. The department determined these sinks from China have been sold in the United States at dumping margins (or below fair market value) ranging from […]
The U.S. International Trade Commission has initiated the second of two investigations into the role of digital trade in the United States and global economies. The investigation, Digital Trade in the U.S. and Global Economies, Part 2, is part of a request made by the Senate Finance Committee in a Dec. 14 letter. In its […]
The U.S. Export-Import Bank has partnered with World Business Chicago to launch the so-called Chicago Trade Accelerator, a program that will provide new resources for small area businesses that are ready to expand. “Mayor (Rahm) Emanuel has made export promotion one of his signature issues, and we are working together to create jobs tapping […]
Andreas Dombret, board member at Deutsche Bundesbank, said in a speech in Hamburg Monday that “the financing of shipping undoubtedly represents a substantial regional and sectoral risk in the banking industry.”
Maersk said it’s increasing rates from East Asia to the United States on April 1. To the U.S. East Coast, the increases will be $480 per 20-foot container, $600 per 40-foot container, $675 per 40-foot high cube, $760 per 45-foot high cube, and $675 per refrigerated high cube. To the West Coast, the increases will be $320 […]
Rep. Roger Freeman, the prime sponsor of the bill, H.B. 1719, said “there are injustices in the Port of Seattle and trucking business” and was introducing the bill to help underpaid drayage drivers who are independent contractors.
The union, which represents 4,500 to 5,000 licensed deck officers and retirees on board U.S.-flag ships, said the members of its offshore group have voted overwhelmingly to ratify a series of 10-year contract extensions.
“These proposed changes are necessary to relieve certain restrictions, update existing provisions, and to make the regulations easier to understand and implement,” said Rebecca Bech, a deputy administrator at APHIS.
Container handling volumes are growing at their slowest rates since 2009, based on throughput data at the 25 largest ports, collected by the information service Alphaliner. In its most recent newsletter, Alphaliner said weak demand in Europe and the United States resulted in volumes growing by 4 percent in 2012 compared to 8.7 percent […]
In a notice posted on the Website of the Oslo Stock Exchange, Philadelphia Shipyard ASA said its subsidiary Aker Philadelphia Shipyard and an undisclosed potential buyer have signed a non-binding term sheet regarding the construction and sale of two to four product tankers with expected delivery in 2015 and 2016. The transactions contemplated […]
