ICS said shipowners worry about the sufficient availability of low-sulfur fuel to allow ships to comply with the strict IMO regulations on sulfur emissions and potential rising costs.
Ship Finance International Ltd. (SFI) said Tuesday it expects to close on the sale of 6 million common shares in a secondary offering this Friday. On Monday the closing price of SFI’s common shares on the New York Stock Exchange was $16 per share. On Tuesday they closed at $14.98 per share, making […]
The Virginia Port Authority said the 64 Express container-on-barge shuttle service between Hampton Roads and the Port of Richmond will increase frequency from two to three sailings per week.
Trucking company Werner Enterprises has opened a new terminal in Brownstown Charter Township south of the Detroit/Windsor, Ontario region to facilitate growing business in eastern Canada. It said the new 10-acre site includes a full-service maintenance shop, driver amenities and serves as a strategic addition to Werner Enterprises’ terminal network.
Eric Sisco, president of APM Terminals America, said the company’s proposal to lease and operate the Virginia Port Authority (VPA) facilities could free up cash for other transportation projects in the state. In a letter to municipal and county officials, APMT said its proposal would transfer ownership of its APM Terminal in Portsmouth to the […]
Robert McEllrath, president of the International Longshore and Warehouse Union, was fined $500 and sentenced to serve one day in jail and given an 89-day suspended sentence after a three-day trial in Longview, Wash., last week.
Joaquín Almunia, vice president of the European Commission responsible for competition policy, said during a speech in Nicosia, Cyprus, there is a “need to keep an eye on deals that would increase concentration in already concentrated markets.”
AirAsia X, an affiliate of AirAsia, a Malaysia-based low-cost carrier and one of Asia’s fastest growing airlines, has become the first customer of CHEP Aerospace Solutions in Asia to convert to an all-lightweight container fleet. The move to lightweight containers is an increasing trend among many airlines, driven by the need to reduce fuel […]
The Commerce Department said Chinese manufactured stainless steel sinks are being dumped on the U.S. market. Dumping occurs when a foreign company sells a product in the United States at less than fair value. The petitioner for the Commerce investigation is Elkay Manufacturing Co. in Illinois. Commerce preliminarily determined on Sept. 28 that […]
The U.S. Export-Import Bank authorized a $118 million direct loan to the Vietnamese government for the export of a Lockheed Martin Space Systems Co. telecommunications satellite and additional goods and services. The loan, which represents Ex-Im Bank’s first satellite transaction with Vietnam, supported about 525 American jobs, according to Lockheed Martin estimates, and […]
The International Bunker Industry Association (IBIA) has appointed Capt. Cliff Brand as its new chief executive, effective Oct. 24. A former head of the Gibraltar Maritime Administration, Brand’s 27 year career in the shipping industry has encompassed a range of roles including 12 years at sea with the U.K. Merchant Navy, accident investigator and […]
LM Wind Power, a large manufacturer of blades for giant wind turbines, will build a new production facility in Brazil’s port of Suape, near Recife. The factory, employing up to 300 people, will be constructed with LM Wind Power’s joint venture partner Eólice and will deliver blades to wind farms in Brazil and […]
C.H. Robinson Worldwide has formed a new division which will provide logistics services to chemical manufacturers and distributors globally. ChemSolutions offers chemical bulk shipping, safety and sustainability, freight forwarding, customs brokerage, vendor and supplier compliance, global trade management, and multi-modal transportation to chemical shippers. “Chemical logistics is a perfect fit for us as […]
The U.S. cargo airline said it filed for protection under Chapter 11 of the federal bankruptcy laws, citing “economic challenges and extreme industry changes that have impacted the international freight market.”
FedEx Express will significantly expand its Priority Alert and Priority Alert Plus inbound and outbound services by introducing them to more than 70 countries. These contract-only services, which had been exclusive to the United States, will also be offered domestically in Mexico, the United Arab Emirates, Switzerland, India and Canada. “Wrapped with […]
The 3PL will obtain full ownership of Swift Freight in the UAE, China and India and initially a 33 percent share of ownership of the operation in Africa. DSV will assume full ownership of the African entities over time.
DB Schenker Logistics has expanded its European land transport service to Russia via Berlin, Krakow, Riga and Helsinki. These new gateways are linked with the rest of DB Schenker’s European network and its hubs and allow additional transport to St. Petersburg and Moscow. “Our 22 locations, our own national distribution network with […]
UPS said its annual “Change in the (Supply) Chain” survey of executives in the U.S. high-tech and electronics industry are more confident about the future of global trade and U.S. exports than two years ago. “Citing legislative changes and rising labor rates abroad as factors, 85 percent of U.S. high-tech executives believe the Obama […]
Peregrine Storrs-Fox, TT Club’s risk management director, said “further delay in this modest legal change is frustrating, particularly since there was substantial consensus concerning acceptable ways to ensure that weight declarations are accurate.”
California Gov. Jerry Brown has signed a bill that the Pacific Merchant Shipping Association said will enhance pilot safety in San Francisco Bay and its river system as well as Monterey Bay. PMSA said Senate Bill 1408 “requires enhanced safety and accountability in the state’s oversight of its licensed bar pilots…. Among other basic […]
