Marygrace Collins, vice president of New York-based Bulkore Chartering, was elected president of The Federation of National Associations of Shipbrokers and Agents (FONASBA) at the organization’s 43rd annual meeting in Venice on Friday. She succeeds Christakis Papavassiliou who steps down after a two-year term as president. Based at London’s Baltic Exchange, FONASBA is […]
Chicago-based law firm Freeborn & Peters LLP has formed a transportation team. The industry-focused group will address the legal needs of companies across the transportation sector, particularly those in the trucking, railroad, logistics and intermodal segments. The team, which includes 13 attorneys, will be led by Cindy Bergmann, a partner in the […]
The U.S. Commerce Department on Thursday reported the country’s exports fell 1 percent in August to $181.3 billion. Imports also declined 0.1 percent to $225.5 billion. Overall, the August U.S. trade deficit increased 4.1 percent from July to $44.2 billion. The Obama administration said a bright spot in the August trade figures […]
Maher, which has a 445-acre terminal in Elizabeth, N.J., said in complaint filed at U.S. District Court in Newark that the port authority’s charges and fees are unlawful because they recover the agency’s “local sponsor share.”
The Port of Virginia handled 182,318 TEUs in September, an increase of 11 percent when compared with totals from the same month last year. Year-to-date, the port has handled 1,546,087 TEUs vs. 1,427,008 TEUs handled during the same period last year, an increase of 8.3 percent. Rodney W. Oliver, interim executive director […]
Hong Kong Air Cargo Terminals Ltd. (Hactl) has appointed Vivien Lau to managing director of its Hacis (Hong Kong Air Cargo Industry Services Ltd.) subsidiary. She replaces Kenneth Bell, who was transferred to Tradeport as chief executive. Lau has worked for various companies fully or partly owned by the Jardine Matheson Group […]
InterManager, an international trade association for in-house and third-party ship managers, has appointed Gerardo Borromeo to president. Borromeo, who was elected unopposed at Thursday’s InterManager meeting in Copenhagen, succeeds Alastair Evitt, managing director of Meridian Marine Management, who has completed his two-year term as president. Borromeo is vice chairman and chief executive […]
Founded in 1959, UOS provides marine transportation services for dry bulk and break-bulk commodities in the United States. It operates the largest U.S.-flag Jones Act dry bulk fleet today (131,000 deadweight tons).
Just over one month after slowing to a seven-week rotation, ocean carrier Maersk Line has added an eighth vessel to its weekly Middle East-to-South Africa MESA service, further increasing roundtrip voyage time from 49 days to 56 days.
The International Chamber of Shipping (ICS), a shipowner group that says it represents over 80 percent of the world’s merchant fleet, has reiterated its opposition to proposals from the International Salvage Union (ISU) for a new separate award for environmental salvage in cases where salvors have carried out work when a ship or cargo […]
The U.S. Export-Import Bank has authorized a $117.5 million loan guarantee supporting exports of Boeing 737-800 planes to flydubai, a low-cost airline owned by the Dubai government. The bank is guaranteeing a 12-year loan from the Private Export Funding Corp. It is the bank’s first authorization supporting aircraft exports to flydubai. “This […]
Through their new multi-year agreement, both companies will supply and sub-lease containers to and from each other. Matson will also provide rail line-haul services, primarily on the CSX and BNSF railroads, to SynchroNet.
The Commerce Department on Wednesday announced its final determinations affirming Chinese-made solar cell imports are both dumped on the U.S. market and benefit from Chinese government subsidies. Dumping occurs when a foreign company sells a product in the United States at less than its fair value, while countervailable subsidies are financial assistance from foreign governments to […]
Industrial safety specialist Castell Interlocks has developed a data-gathering and analysis solution to maximize loading dock efficiency. Salvo DockMonitor integrates with the company’s Salvo Loading Dock Safety System to display live graphic information running on a PC interface for assessment of overall site performance and individual dock statistics. Castell said the system helps […]
Unisource Logistics Solutions, part of Norcross, Ga.-based Unisource Worldwide, has introduced a new ULS Freight App, now available for Apple and Android devices. The ULS Freight App provides Unisource customers with a mobile tool to handle their logistics requirements, including managing freight calculations and real-time estimates. “With the mobile app, they can […]
Agricultural Transportation Coalition (AgTC) members continue to have concerns about announcements made by many carriers in August and early September that they might impose $800 to $1,000 surcharges.
The company said its PacNet acquisition will give it “market leadership positions in retail and lifestyle sectors in Australia and further strengthen its position in air freight from China to Australia.”
FedEx Corp. announced Tuesday evening programs that it expects will improve annual profits by $1.7 billion during the next three years, with a significant portion of the benefits achieved by fiscal 2015. The company had net income of $2 billion, and operating income of $3.2 billion on revenue of $42.7 billion in its […]
