Horizon Lines said Wednesday that it has entered into an agreement to purchase the three ships it operates in its service between Tacoma, Wash., and three ports in Alaska—Anchorage, Kodiak, and Dutch Harbor. Horizon said a newly formed subsidiary, Horizon Lines Alaska Vessels, LLC, acquired the three 1987-built ships—the Hawaii Anchorage, Horizon Kodiak and […]
Intermodal container volumes ended 2012 at a record high with 13.1 million moves, surpassing the previous year by 5.9 percent, according to the latest Intermodal Market Trends & Statistics report from Intermodal Association of North America (IANA). Total intermodal shipments closed 2012 with a 4 percent gain. For the full year, domestic […]
The parent company of Tropical Shipping said it expects the Caribbean carrier to have higher earnings before interest and taxes (EBIT) in 2013 than last year. AGL Resources, a natural gas utility that acquired Tropical as a result of its purchase in December 2011 of Nicor, an Illinois-based gas utility, said it expected Tropical […]
Merger and acquisition (M&A) activity in the transportation and logistics industry was higher in the fourth quarter of 2012 than in any quarter in the past three years, according to the PricewaterhouseCoopers (PwC) quarterly Intersections report. The accounting and consulting firm said there were a significant greater number of deals in 2012 than in […]
The board said NACPC’s 10 current members account for a very small percentage of the estimated 7,000 motor carriers that provide intermodal transportation of marine chassis in the country.
The program is set to expire at the end of July and American companies would face $2 million per day in new taxes if Congress fails to renew GSP by Aug. 1, according to the Coalition for GSP.
The U.S. Justice Department on Wednesday said five individuals and five corporations have been charged in an indictment unsealed in Brooklyn, N.Y., for allegedly importing hazardous and counterfeit toys from China for sale in the United States. The 24-count indictment charges Chenglan Hu, 51; Hua Fei Zhang, 52; and Xiu Lan Zhang, 60, […]
The United States on Wednesday requested World Trade Organization dispute settlement consultations with India concerning domestic content requirements in India’s national solar program. “India’s program appears to discriminate against U.S. solar equipment by requiring solar energy producers to use Indian-manufactured solar cells and modules and by offering subsidies to those developers for using […]
Rafi Ben Ari, the carrier’s vice president of shipping, said the “revised network presents an improved alignment, better suited to our customers’ requirements, with improved coverage, reliability and availability.”
The North Carolina Council of State Tuesday voted to approve a lease that gives the go-ahead to a public-private partnership seeking to construct a cold storage facility at the Port of Wilmington. The partnership between the North Carolina State Ports Authority and USA Investco is expected to create a state-of-the-art cold storage facility […]
The Port of Tampa said it has been selected as the port of entry for shipments of wing and fuselage assemblies destined for Embraer’s jet assembly plant in Melbourne, Fla. Assemblies were delivered from Santos, Brazil to Tampa by the Pluto Leader, a roll-on/roll-off ship operated by NYK on Tuesday. That ship operates […]
The National Industrial Transportation League, the nation’s largest shipper organization, urged the U.S. Federal Maritime Commission to “closely examine the ramifications and impacts” of a plan by the Transpacific Stabilization Agreement (TSA) to include the U.S.-to-Asia as well as Asia-to-U.S. trade. TSA currently makes up about 90 percent of the available carrier capacity operating […]
Container throughput at the French port of Marseilles Fos rose 13 percent in 2012 – led by a 16 percent surge in deepsea volumes at Fos – for a record 1,062,408 TEUs. The port said it benefited from the first full year of national port reforms. Meanwhile, cruise and ferry passenger volumes topped 2.4 […]
Legislation in both the House and Senate would require the Harbor Maintenance Trust Fund to spend the amount of tax it takes in each year explicitly on dredging needs.
The International Chamber of Shipping said it will support the concept regulating carbon dioxide emissions from ships. Meeting in London on Tuesday, the ICS board reviewed recent developments with respect to the international regulation of CO2 emissions from ships. This included proposals by the United States and the European Commission, and others, concerning […]
Pangea LNG (North America) Holdings, LLC, the Woodland’s, Texas-based subsidiary of the Netherlands-based Pangea LNG B.V, said Monday the Energy Department has granted it permission to export liquefied natural gas (LNG) to U.S. free trade agreement (FTA) nations from Corpus Christi Bay. Pangea said it was granted “long-term, multi-contract authorization” to export up to […]
The U.S. Federal Maritime Commission is asking the Transpacific Stabilization Agreement (TSA) for additional information about its plan to expand its scope to include not only the inland container trade from Asia, but also outbound trade from the United States to Asia. TSA is a discussion agreement of 15 container carriers that move more than […]
The U.S. Commerce Department has proposed an agreement to drop antidumping duties on imports of fresh tomatoes from Mexico. The department believes the draft agreement meets the requirements of U.S. antidumping law and provides an effective remedy for the U.S. domestic industry. “The agreement establishes important mechanisms for increased coverage of Mexican tomato […]
Classification society ABS said it will relocate its Northern European regional marine operations office from London to Hamburg, Germany. “This relocation is part of ABS’ ongoing effort to place our frontline decision makers closer to our clients and be more responsive to their needs,” said ABS President and Chief Executive Officer Christopher J. […]
The discussion agreement will deploy more than 50 ships in the trade that will call at 30 ports in Asia, the North American east coast, Central America, the Caribbean, Indian Subcontinent, Mediterranean and the Middle East.
