Crowley Maritime Corp. christened its newest tanker, Florida, on Wednesday at the Aker Philadelphia Shipyard. The 46,000-deadweight-ton ship and a sister ship, Pennsylvania, that was delivered by Aker last fall, can carry 330,000 barrels of petroleum products and chemicals. In addition to the self-propelled tankers, Crowley owns and operates 17 articulated tank […]
United Fresh, a large trade group representing shippers of fresh fruits and vegetables, will host a series of stakeholder meetings in conjunction with the U.S. Food and Drug Administration’s public hearings on the proposed Produce Safety Rule and the Preventive Controls for Human Foods Rule. The first meeting will be on Feb. 27 […]
Stephen Berry, attorney for the Los Angeles/Long Beach Harbor Employers Association, said a vote on 16 contracts for 14 employers and members of the ILWU’s Local 63 Office Clerical Unit (OCU) is scheduled for next Wednesday.
“Where there is federal jurisdiction, we need the federal government to step up to the plate and be a stronger partner for our nation’s transportation infrastructure,” Kurt J. Nagle, the port group’s chief, told American Shipper.
Hanjin Shipping said it had a net loss of 638 billion South Korean won in 2012 ($587 million), compared to 823.9 billion won in 2011. The company’s operating loss was 109.8 billion won compared to an operating loss of 512.9 billion won in 2011. South Korea’s largest container shipping company said annual sales […]
The Pacific Northwest port of Tacoma handled 1.7 million TEUs in 2012, a 16 percent increase over the previous year and its best year since 2008. Inbound containerloads improved more than 27 percent for the year to 611,085 TEUs, bolstered by strong demand for auto parts, furniture, toys and sporting goods. Agricultural products […]
The ILA and its employers resumed contract negotiations on Tuesday, but sources say efforts to reform work rules and improve productivity in the Port of New York and New Jersey are likely to overhang national talks.
Both APM Terminals and a group that includes Maher Terminals and JPMorgan IIF Acquisitions LLC have submitted bids to privatize the VPA terminals under the state’s Public-Private Transportation Act of 1995.
Japan is currently the No. 2 market for U.S. beef exports in terms of value and No. 3 in volume (143,900 metric tons or 317.2 million pounds) valued at $969.8 million through the first 11 months of 2012.
OOCL said it will implement a general rate increase in the westbound transatlantic trade on March 1. Rates for dry cargo will be hiked $300 on 20-foot containers and $400 on 40-foot and 45-foot boxes for all routes/loops offered from Europe to the United States and Canada. – Chris Dupin
Port Freeport in Texas received a positive report from the U.S. Army Corps of Engineers’ chief to deepen and widen its harbor channel. The Freeport Harbor Channel Improvement Project (FHCIP) has been an 11-year effort between the Corps and port authority. The report will now be transmitted to Congress and recommends the project […]
Evergreen Line launched a new feeder service linking Greece, Turkey and Malta (GTM) on Monday. The 600-TEU Kirsten sailed from Piraeus and will make the following rotation every 10 days: Piraeus, Thessaloniki, Gebze, Marsaxlokk, and Piraeus Evergreen said the GTM service will enhance transhipment connections to Thessaloniki and the direct call to Gebze […]
The terminal operator DP World said its terminals handled 56.1 million TEUs in 2012, a 2.4 percent increase over 2011. DP World operates more than 60 terminals across six continents, with container handling generating about 80 percent of its revenue. In addition, the company currently has 11 new developments and major expansions underway in nine countries. At […]
The U.S. Export-Import Bank on Monday opened its newest regional export finance center in Detroit. This is the latest opening of four planned regional export finance centers by Ex-Im Bank in its effort to help local businesses improve their export sales and create jobs. The new regional office is located at the […]
U.S. steel imports declined 13.9 percent in December compared to November, according to preliminary government data compiled by the American Institute for International Steel (AIIS). “Imports plummeted in December compared to November as many buyers backed out of the market when these products were ordered and instead minimized inventory as the end of […]
The U.S. Export-Import Bank will guarantee a $780,000, 10-year loan to be made by UPS Capital Business Credit to finance the export of photovoltaic solar modules from Suniva Inc. in Norcross, Ga., to a rooftop solar-power project of Grupo Metal Intra S.A.P.I. de C.V. (GMI) in Mexico. The transaction is being made possible […]
The North American Millers’ Association (NAMA) on Monday said its president, Mary Waters, has decided to resign her position. The Washington-based trade group said the “employment relationship is being ended amicably on mutually agreeable terms.” NAMA, a proponent of free trade and U.S. food aid, supports the wheat, corn, oat, and rye milling industries. […]
The U.S. and Japanese governments today have agreed on new terms and conditions which open the door for expanded exports of U.S. beef and beef products to Japan. Under these new terms, effective Feb. 1, Japan will permit the import of beef from cattle less than 30 months of age, compared to the previous limit of […]
In a statement to the Hong Kong Stock Exchange, China COSCO Holdings Co. Ltd. warned that it expects “to record a significant net loss” for 2012, in contrast to its profit of 10.4 billion Chinese yuan renminbi ($1.7 billion) in 2011.
Manuel Ernesto Ortiz-Barraza, an independent financial consultant, was extradited to the United States from Mexico Friday for his alleged role in a scheme to defraud the U.S. Export-Import Bank of over $2.5 million, according to the U.S. Justice Department. Ortiz-Barraza, 56, was charged in an indictment unsealed on Oct. 19, 2011, in the […]
