Agility, the Kuwait-based logistics company provider, said it had a profit of 7.8 million Kuwait dinar ($27.6 million) in the second quarter 2012, about equal to what it earned in the same period in 2011. Revenue in the quarter was 348.8 million dinar, 6 percent more than the 330.6 dinar recorded in the […]
Germany’s Hamburger Abendblatt newspaper reported that Erck Rickmers will step down from his job in the Hamburg parliament at the end of August to focus his attention on the shipping business. He is chairman and founder of the shipping investment company Nordcapital and founder of the shipping company ER Schiffahrt. Rickmers told […]
Seattle-based Jensen Maritime Consultants, a Crowley Maritime Corp. company, has expanded its presence to the U.S. Gulf with the opening of a third office in New Orleans. The new location places Jensen in close proximity to many of its customers and shipyards in the Gulf region, as well as to Crowley’s Houston-based project […]
The FAA alleges that between Aug. 2 and Aug. 12, 2010, FedEx employees in numerous locations around the country improperly accepted several dozen shipments containing hazardous materials for air transport.
The U.S. Commerce Department has approved a new foreign trade zone (FTZ) in Miami-Dade County at PortMiami. “The new Foreign Trade Zone in Miami will provide Florida businesses with new opportunities as they seek to export their products around the world,” said Commerce Assistant Secretary for Import Administration Paul Piquado, in a statement. […]
The U.S.-based Coalition for Sugar Reform pointed to a 12 percent increase in world sugar prices from June to July as another reason for Congress to reform the U.S. sugar trade program this year. The United Nations Food and Agriculture Organization’s Food Price Index, released last week, reported a global increase of 6 […]
The private equity firm agreed to purchase 4.4 million common shares of Navigator Holdings Ltd. from the bankrupt Lehman Brothers Inc. (LBI) for $110 million, more than doubling its holdings in the gas tanker company.
The International Transport Workers’ Federation said Monday that privatization plans have been temporarily put on hold at Puerto Quetzal, Guatemala’s largest Pacific port. ITF, which is an international federation of transportation unions, said the Guatemala military withdrew from the port as a result of an agreement between the government and the port workers’ […]
Zim said it will impose a $20-per-TEU low-sulfur fuel charge, effective Sept. 15, on cargo moving between North Europe/Mediterranean and North America (all coasts) in both directions. Zim said the charge is applied to cover the increased cost of low-sulfur fuel used to comply with regulations in the North America Emissions Control Area […]
The U-Freight Group (UFL) has apointed Steven Wong to vice president of sales and marketing for its main subsidiaries, U-Freight Ltd. and U-Ocean Ltd. in Hong Kong. Wong, a 30-year industry veteran, joined UFL in 2009 as general manager from Rijin International Freight Co., one of the group’s forwarding brands.
The Montreal-based stevedoring and transportation company Logistec has acquired CrossGlobe Transport, a firm which provides port logistics services for forest products, auto parts and other cargo at three terminals in Hampton Roads and also operates an off-dock facility. Among the services provided by CrossGlobe are container stuffing and destuffing, warehousing and distribution, and […]
Hapag-Lloyd said it would increase transatlantic freight rates on October 1. Rates on eastbound cargo moving through ports on U.S. Gulf coast and the east coasts of Mexico, the U.S. and Canada (including U.S. cargo moving via Canadian ports) to North Europe and the Mediterranean will increase $200 for 20-foot containers and $300 […]
Trailer Bridge said it had completed a $9 million investment in state-of-the-art high cube 53-foot steel containers. The Company will take delivery of 800 containers this month and another 325 will be delivered in October and November of this year. As a result, the average age of Trailer Bridge’s container fleet will […]
Federal, state, and local politicians highlight benefits for Philadelphia of dredging Delaware River, with a proposed terminal expansion based on increasing channel depth from 40 to 45 feet
After postponing new canal transit fee announcement, Panama authority sets new toll structures for next two years to provide pricing stability, while also setting up different rate levels for 10 categories of ships
The Grand and New World alliances of liner shipping companies have added a 10th vessel to their joint weekly EUM service between Asia, the Mediterranean and the Middle East, increasing roundtrip voyage time from 63 days to 70 days, according to American Shipper affiliate ComPair Data. Transit times eastbound from the Mediterranean to South Korea and […]
Retailer to build 20-story turbine to provide 15 to 20 percent of electricity needed at Northern California distribution center, another move by the company to meet its 100 percent renewable energy goal
It recommends “bringing predictability, accountability, and a larger view to the (port) commission’s governing structure by specifying clear appointment terms and term limits,” and adding a governor-appointed board member.
M-O will carry freight across the Canada/U.S. border, while U.S. Xpress will be responsible for Mexico/U.S. border crossings. The border crossings served through the partnership are Buffalo/Niagara and Detroit/Windsor.
