The ocean carriers Maersk Line and CMA CGM have added a new westbound port call at Beirut, Lebanon, and a tenth vessel to a weekly Asia-Mediterranean joint service dubbed AE12 by Maersk and Phoenician Express (BEX2) by CMA CGM. Roundtrip voyage time on the AE12 has increased from 63 days to 70 days. […]
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, said it had a profit of $1.6 million for the third quarter of 2012, compared to $2.7 million for the same period of 2011. Time charter revenues were $14.6 million for the third quarter of 2012, compared to $9.7 million […]
The European Shippers Council (ESC) expressed concern Monday about potential harm to several industries from new limits on the sulfur content of fuel used by ships in the Baltic and North seas and English Channel.
The St. Lawrence Seaway reported total cargo shipments in October of 4.4 million metric tons, a 9.8 percent increase over the same month last year. For the period March 22 to Oct. 31, year-to-date total cargo shipments were 29.5 million metric tons, a rise of 1.4 percent over the same period in 2011. […]
The U.S. House on Friday approved the 2012 Russia and Moldova Jackson-Vanik Repeal Act legislation, which if approved by the Senate and signed by the president would establish permanent normal trade relations (PNTR) with Russia.
The World Trade Organization on Friday adopted both its Panel and Appellate Body reports in a dispute with China over the imposition of duties on U.S exports of grain oriented flat-rolled electrical steel (GOES). “We are pleased that the WTO has adopted these important reports finding that China has misused trade remedies against […]
The U.S. Transportation Department has proposed to allow Delta Air Lines to serve Tokyo’s downtown Haneda Airport from Seattle. Under a U.S.-Japan agreement, U.S. airlines may operate a total of four daily roundtrip flights per day at Haneda Airport, where operations are limited. In 2010, DOT awarded Delta two of those flight opportunities, one […]
By Chris Gillis All indications in the market are that freight transportation costs, both international and domestic, are on the rise for American shippers in 2013. These increases — some steeper than others and varying by transport mode — are unwelcome news for many shippers who have already roughed it through several […]
Aqua Marine (AM) is a corporation on Nevis in the West Indies that supplies bunker fuel. It initiated arbitration against Garanti Finansal Kiralama (GFK), demanding to be paid for bunkers delivered to two vessels owned by GFK. GFK did not dispute its ownership of the vessels, but said since it was not a […]
The six commissioners of the U.S. International Trade Commission (ITC) on Nov. 7 voted unanimously that domestic producers of photovoltaic solar panels are harmed by similar imports dumped on the U.S. market by government-subsidized Chinese producers. As a result of the ITC’s affirmative determinations, the Commerce Department will issue antidumping and countervailing duty […]
U.S. chemical and plastic exports should expect boost from shale gas. By Chris Dupin The boom in U.S. natural gas production is expected to help boost exports and reduce imports of chemicals and plastics, according to chemical industry analysts and logistics services providers. “Between shale gas recovery technologies and conventional natural […]
It’s not unusual to find stories in the financial pages about companies and individuals buying up portfolios of patents — often related to software — just to become “patent trolls,” or defend themselves from such trolls who have no intention of ever creating a product themselves, but aggressively seeking to shake down businesses for […]
GAC Pindar has entered a partnership with freight forwarder TNL International to offer specialized marine leisure logistics services to the growing Australasian market. The new partnership, named TNL GAC Pindar, is based in Auckland, New Zealand. It serves Australia, New Zealand and the Pacific Islands, providing a complete package of services, including yacht […]
The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has launched WWA 2.0, its second-generation iPad application. The upgraded version features a new design and enhanced navigation. The application allows WWA customers to submit booking requests, track shipments, look up less-than-containerload rates globally and manage documents through SmartDocs. “With the release […]
Criminal prosecution of BP and several of employees has implications for the shipping industry, underscoring the importance of adhering to safety and potential criminal liability of individuals if an accident occurs.
“Over the past two weeks, OSG has continued to fix vessels with our clients. We will use the Chapter 11 process to definitively resolve our financial issues,” said Morten Arntzen, OSG’s president and CEO.
After nearly 11 months on a 10-week rotation, the Danish ocean carrier has added a new port call at Vostochniy, Russia, and an eleventh vessel to its weekly TP7 service between Asia and the east coast of North America.
After nine months at regular speed, the ocean carrier Maersk Line has once again added another vessel to its weekly CHX service between Asia and the East Coast of India, increasing roundtrip voyage time from 35 days to 42 days. Transit times eastbound from India to China on the CHX have been increased by […]
Jones Act liner carrier Matson, Inc. has appointed Ku’uhaku Park to vice president of government and community relations. He will be located at the company’s headquarters in Honolulu. Park will be responsible for directing Matson’s government relations and community service activities in Hawaii. He also will lead the company’s efforts to promote and develop the […]
The Port of Redwood City in the San Francisco Bay said it’s started pile driving for the reconstruction of two wharves. “Demolition of the old wharves and adjacent warehouse, dating back to the 1940s, has nearly been completed,” the port authority said. The new, “seismically designed,” concrete wharf, 425 feet long by […]
