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| Jaxport names Taylor CEO |
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Monday, June 17, 2013
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The Jacksonville Port Authority board this morning voted unanimously to extend the contract for its chief executive officer position to Brian W. Taylor. Based in Charlotte, Taylor has worked both in the public and private sector. He was most recently executive vice president and chief operating officer of Horizon Lines. He left the company in November 2012. Most recently, Taylor was senior vice president of sales and operations for New Breed Logistics in High Point, N.C. He...
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| MOL crew safe after containership cracks |
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Monday, June 17, 2013
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MOL reports its containership MOL Comfort suffered a crack amidship and was ingressing water in the hold. The company said the ship sustained the crack in the Arabian Sea (12'30"N 60'E) at around 7 a.m. local time on Monday morning while in transit from Singapore to Jeddah. MOL said it was not possible for the ship to continue under its own power and, because damage was extensive, the 26 members of the crew took to lifeboats and were rescued by other vessels. ...
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| Nicaragua canal targets big ships |
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Monday, June 17, 2013
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Developers proposing to build a new canal across Nicaragua are targeting operators of large ships that will not pass even through the new set of locks being build at the Panama Canal. "It has become imperative to develop and construct a wider and deeper interoceanic canal to support bigger load weight and generate greater efficiency," said Wang Jing, the chairman and chief executive officer of HKND Group, in a statement posted on his company's Website . Last w...
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| LA box volumes continue slide in May |
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Monday, June 17, 2013
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The Port of Los Angeles saw container volumes drop 12.9 percent in May, continuing the trend at the nation’s busiest container port this year. Volume fell to 636,851 TEUs during the month, including a 12 percent drop in loaded import cargo (to 326,114 TEUs), and a 16.3 percent drop in loaded export cargo (to 154,904 TEUs). For the year, total volume has dropped 7.5 percent to less than 3.1 million TEUs. May statistics at the neighboring Port of Long Beach have not ...
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| Drewry says Med-North America trade soft |
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Monday, June 17, 2013
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The shipping consultants Drewry are predicting that the westbound cargo growth in the Mediterranean-North America trade "is likely to remain poor, so more schedules between the Mediterranean and ECNA (East Coast North America) will need to be rationalized soon. Operating services in isolation, such Hapag-Lloyd’s MGX schedule, and MSC’s loops A and B, appears to be a luxury that is no longer affordable." The London-based company said in its Container Insight Weekly publication t...
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| COSCO Pacific volumes up over 2012 |
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Monday, June 17, 2013
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COSCO Pacific reports that it handled 5.1 million TEUs in May, 7.6 percent more than in May 2012. Year to date, the company has handled 24.4 million TEUs, 10.1 more than in the first five months of 2012. - Chris Dupin
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| Executive moves |
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Monday, June 17, 2013
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Global Aviation Holdings has named John Graber its new chief executive officer. During his career, Graber has been creditd with leading successful turnarounds for several major companies. He most recently served as president of CHC Helicopter Services, where he grew revenues and simplified the corporate structure. Prior to that, he was president of ABX Air. Charlie McDonald will continue to serve as president. Global Aviation Holdings is the parent comp...
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| Supreme Court strikes down parts of clean truck program |
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Friday, June 14, 2013
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The U.S. Supreme Court ruled Thursday in favor of the American Trucking Associations (ATA) in the group’s effort to turn back the Port of Los Angeles' efforts to regulate the drayage trucking industry. In 2007, the port created a Clean Truck Program that required trucking companies operating at the port to enter into concession agreements. The concession agreements made a number of requirements on drayage companies including these five: that they be emplo...
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| Bill to end Port NY/NJ fee advances |
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Friday, June 14, 2013
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A bill to halt shipping fees charged by the Port Authority of New York and New Jersey was approved Thursday by the New Jersey Senate Transportation Committee. “Imposing a fee on ocean carriers was a step in the wrong direction," said State Sen. Bob Gordon. He added the fee placed the port at a "competitive disadvantage." In 2011, the port authority instituted a cargo facility charge (CFC) on all waterborne cargo, including empty containers. The fee is $4.95 for 20-f...
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| CMA CGM announces rate hike |
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Friday, June 14, 2013
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French liner carrier CMA CGM has announced a "revenue restoration program" on its Asia-Europe trade lane . Outbound from Europe, the company said it will impose a general rate increase on July 1 of $150 per 20-foot container and $200 per 40-foot container from North Europe (defined as North Continent, Scandinavia, Baltic, and the United Kingdom) to the Far East (defined as China, Japan, Korea, and and Southeast Asia countries). Also on July 1, CMA CGM&nbs...
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| Maersk holds naming ceremony for first Triple E ship |
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Friday, June 14, 2013
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The first of Maersk's new "Triple-E" ships was officially named this morning in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The world's largest containership bears the name of the late Mærsk Mc-Kinney Møller, who passed away in April 2012 at the age of 98. Triple-E naming ceremony His youngest daughter, Ane Mærsk Mc-Kinney Uggla, had the honor of naming the ship during the ceremony, which is the first in a ser...
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| Food aid hearing targets U.S.-flag shipping |
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Thursday, June 13, 2013
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Rep. Ed Royce, R-Calif., chairman of the U.S. House Committee on Foreign Affairs, said Wednesday in a hearing the requirement that half of U.S. food aid be move on U.S.-flag vessels is an ”impediment to an effective, efficient program. ” “Decades ago, this cargo preference was seen as a way to ensure a reserve of ships and crew for the U.S. Navy in times of war. But by restricting competition to the few U.S.-flagged ships still sailing—the majority of which do not meet the ...
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| Cargill expands use of electronic bills of lading |
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Thursday, June 13, 2013
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The U.S. agribusiness Cargill said Thursday it has expanded its operational use of CargoDocs, an electronic bill of lading (eB/Ls) solution, to include agricultural shipments from South America. Cargill first used the solution on a shipment of grain from Houston to Veracruz, Mexico in March. Electronic Shipping Solutions (ESS), a provider of shipping and trade document and data solutions, is partnering with Cargill to include new trade routes from Argentina and Bra...
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| TIGER funds dispersed for Global Terminal facility |
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Thursday, June 13, 2013
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The U.S. Department of Transportation is distributing money awarded last June in the fourth round of TIGER grants. The City of Bayonne, N.J., and the Port Authority of New York and New Jersey received an $11.4 million grant on May 22 that will be used by Global Marine Terminals as part of its $350 million expansion and renovation. The TIGER funds will go to the purchase of two double-cantilever rail-mounted gantry cranes capable of loading and unloading double-stack ...
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| FMC reviews 13 OTI license applications |
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Thursday, June 13, 2013
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The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Marine Bulk Freight Forwarding, Huixquilucan, Mexico (Moises S. Leon, president). The agency received NVO/ocean freight forwarder license applications from Daisy Mae Concepcion, Orange, Calif. (Daisy Mae Concepcion V. Taleon, sole proprietor); John S. Kim a...
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| Delaware River deepening about 60% complete |
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Wednesday, June 12, 2013
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The Philadelphia Regional Port Authority (PRPA) said a project to deepen the Delaware River shipping channel from 40 feet to 45 feet is now about 60 percent complete. PRPA said in late May work was completed on "Reach D," an 11-mile stretch of the river. “After years of discussions and hurdles, it’s wonderful to finally see steady progress on this critical project,” said PRPA Chairman Charles G. Kopp, in a statement. “A deeper shipping channel will allow us to welc...
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| U.S. imports drop 2% in May |
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Wednesday, June 12, 2013
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U.S. containerized import volume in May fell 2.2 percent year-on-year but was still the highest volume of imports so far in 2013, according to statistics from the trade intelligence firm Zepol. “For the first two months of the year imports were up 7 percent over 2012, but in the last five months imports are only up 0.04 percent overall,” said Zepol’s Chief Executive Officer Paul Rasmussen. “With holiday orders being placed soon, we’ll likely see increased imports...
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| Management, ILA meet in Virginia |
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Wednesday, June 12, 2013
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The Website of the Virginia Pilot newspaper said that Hampton Roads terminals were shut down Wednesday morning while local longshoremen held a meeting with management . The meeting was described as a "state of the port" briefing for longshoremen, who rejected a local contract seven weeks ago, but continue to work while negotiations continue. The newspaper said the port was to reopen at noon.
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| Corpus Christi port moves ahead on rail yard |
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Wednesday, June 12, 2013
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The Port of Corpus Christi has awarded a $12.6 million contract to low bidder Haas-Anderson Construction to build a new interchange rail yard at the west end of the inner harbor, the port authority announced Tuesday. Rail traffic at the Texas port has more than doubled during the past five years. The Nueces River Rail Yard will include an 8,000-foot long track that can hold a 110-car unit train, six railcar siding tracks about 4,000 feet in length with enough space for mor...
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| New Service to connect South Africa, South America |
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Wednesday, June 12, 2013
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Hamburg Süd will be offering a new fixed-day, fortnightly service from South Africa to Argentina and Brazil (SABR Service) in cooperation with Nile Dutch, beginning next month. The new service will have a rotation of Durban, Port Elizabeth, Buenos Aires, Rio Grande, Itajai, Santos, and Rio de Janeiro. Further destinations in South America, North America and Europe will be offered on a transshipment basis. The first westbound call at Durban will be...
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| CMA CGM completes partial sale of Terminal Link |
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Tuesday, June 11, 2013
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China Merchants Holdings (International) Co. Ltd. (CMHI) today completed its purchase of a 49-percent equity stake in CMA CGM's Terminal Link business for 400 million euros ($530 million). The deal was originally announced in January. Terminal Link owns 15 container terminals in eight countries: Container Handling Zeebrugge at Zeebrugge (Belgium). Antwerp Gateway at Antwerp (Belgium). Terminal des Flandres at Dunkirk (France). Terminal de Fran...
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| Maersk's 'Triple E' sea trials in pictures |
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Tuesday, June 11, 2013
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If you have wondered what Maersk Line's new "Triple E" ships will look like when they're underway, the Website gCaptain has posted photographs of the first of these vessels undergoing sea trials . gCaptain said it obtained some of the photos from the Website shipspotting.com Maersk Line said it will take delivery of the ship at the end of the month and hold a formal naming ceremony on Friday. Photographs show the name of Mærsk Mc-Kinney Møller , the compan...
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| Stockton barge delivers first containers to Oakland |
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Tuesday, June 11, 2013
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A long-planned barge service between the Ports of Stockton and Oakland, Calif., began operation on Sunday evening. A barge loaded with 32 40-foot containers filled with animal feed set off from Stockton and arrived at the Ports America terminal on Monday morning where they were to be loaded onto a Yang Ming ship, said Mark Tollini, deputy director of the Port of Stockton. Discharge of the barge was delayed for several hours while an arbitrator for the Pacific Mariti...
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| Great Lakes coal loads fall 11.3% in May |
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Tuesday, June 11, 2013
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Shipments of coal on the Great Lakes totaled 2.6 million tons in May, a decrease of 11.3 percent compared to a year ago, according to the Lake Carriers’ Association. Coal loads from Lake Superior ports totaled 1.6 million tons, just slightly below the level of a year ago. Included in that total were 250,000 tons loaded in Superior, Wis., and transshipped to Québec City for loading into oceangoing colliers. Exports to Europe from Superior total 536,000 tons through May, the asso...
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| Executive moves |
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Tuesday, June 11, 2013
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MCC Transport has named Naresh Potty its chief commercial officer, based in Singapore. Potty will be responsible for overseeing commercial activities including trade and marketing, key client management and business and commercial processes for the intra-Asia liner company, a unit of the A.P. Moller-Maersk Group. He first joined the A.P. Moller–Maersk Group in 2000, holding various positions in line management, sales, marketing and general management. Pri...
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| Drewry says transatlantic trade 'continues to disappoint' |
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Monday, June 10, 2013
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Cargo volumes moving from North America to North Europe picked up in the first quarter, but are “unsustainable due to the austerity measures being taken by most European governments,” according to an article in the current edition of Drewry’s Container Insight Weekly . Drewry said exports from North America to North Europe improved significantly in the first quarter, with “average monthly cargo flow reaching 176,000 TEUs, up by 14 percent compared to the previous quarter, or 5 ...
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| Rates fall in Asia-east coast South America trade |
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Monday, June 10, 2013
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An effort by container shipping companies to deal with surplus tonnage by cascading 8,000-TEU vessels into the trade lane between Asia and South America's east coast "appears to have seriously backfired," said an article in the latest edition of Drewry's Container Insight Weekly . The London consultant said "recent launching of MSC’s new Ipanema service in the middle of April, and the subsequent announcement of the deployment of much bigger 8,000-TEU vessels by other...
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| MSP ships will be hit by sequestration |
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Monday, June 10, 2013
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Ships in the Maritime Security Program (MSP), under which operators of 60 U.S.-flag ships receive a $3.1 million stipend to offset higher operating costs, such as employing U.S. mariners on ships in foreign trade, will only get about 75 percent of their normal monthly stipend in August and none in September because of the effect of sequestration on the federal budget, said Paul N. Jaenichen Sr., deputy maritime administrator at the U.S. Maritime Administration. Jaenich...
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| Nicaragua leaders push Panama Canal alternative |
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Monday, June 10, 2013
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The Associated Press is reporting that a concession to build a canal across Nicaragua will be considered by the country's legislature this week . The AP quoted Rene Nunez, president of Nicaragua's National Assembly, as saying a Chinese company, HK Nicaragua Canal Development Investment, is working with the Nicaraguan government on a $40 billion project that would provide an alternative to the Panama Canal. Nunez said the company will use funds from investors around the worl...
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| Damage collections for ISF non-compliance to begin |
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Monday, June 10, 2013
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U.S. Customs and Border Protection will begin full enforcement of the Importer Security Filing requirement on July 9, the agency announced Friday. On that date, the agency will begin to issue liquidated damages for ISF violations, such as filing incomplete, inaccurate or late documentation. The ISF rule went into effect on Jan. 26, 2009, but for the first year the program had no sanctions so that shippers and carriers could learn how to collect and file the ne...
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| Executive moves |
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Monday, June 10, 2013
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Horizon Lines named William A. Hamlin executive vice president and chief operating officer. Hamlin joined Horizon in March 2011 as senior vice president of operations from Jamian McElroy & Hamlin, a consulting firm specializing in transportation and infrastructure, domestic and international security and environmental issues. He served as a partner at the firm from 2009 to 2011. Prior to that, he held various executive positions with Norwegian Cruise Line Holdin...
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| FMC reviews 5 OTI license applications |
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Monday, June 10, 2013
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The U.S. Federal Maritime Commission has received five ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from CFR Rinkens, Paramount, Calif. (Maximiliaan Hoes, manager). The agency also received NVO/ocean freight forwarder license applications from Sig Global, Gardena, Calif. (James J. Oh, president); Super You Global, Palo Alto, Calif. (Hu Wang, chief execu...
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| Trade nominee faces Senate confirmation panel |
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Friday, June 07, 2013
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President Obama’s nominee for U.S. Trade Representative, Michael Froman, spent Thursday on Capitol Hill telling the Senate Committee on Finance that his goals of promoting growth and bolstering the economy will be achieved by renewing Trade Promotion Authority and making sure pending free-trade agreements come to fruition. Obama tapped Froman, who has been serving as deputy national security advisor for international trade and economics, to run the agency on May 22. According to...
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| Seaspan sees big demand for efficient ships |
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Friday, June 07, 2013
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Gerry Wang, the chief executive officer of Seaspan, one of the world’s largest builders and charterers of containerships, told financial analysts that while freight rates are depressed, there is no shortage of demand for efficient new vessels. Referencing the price war on the Asia-Europe trade, he said ships are still loading up by 75-80 percent, and said in other industries it might be possible to make money by increasing prices, but “because of some stupidity” among operators...
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| VPA gates to open late June 12 |
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Friday, June 07, 2013
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Port operations will be put on hold for a half day on June 12 at the Port of Virginia so that port management and users can talk with longshoremen about market conditions, industry trends and efficiency at the port, the Virginia Port Authority announced this week. The meeting will be held in Portsmouth at 8 a.m., and terminal gates will be closed until noon. The date was chosen because vessel traffic that day will be light, Hampton Roads Shipping Association Presid...
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| Brazil offers ship-efficiency grant |
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Friday, June 07, 2013
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The Brazilian government has launched a $41 million real ($19.24 million) grant program intended to boost its competitiveness in the shipbuilding industry by generating new technology and equipment for vessels. According to a statement, the goal is to increase jobs in shipbuilding as well as increase the efficiency of the ships themselves. Individual proposals, which must be submitted by June 21, will be capped at $3.3 million real. “Proposals will be selected...
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| Yucatan cucumber exports rise |
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Friday, June 07, 2013
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Grup Maritim TCB, a global marine terminal operator, said Mexican cucumber exports to the United States and Europe from its terminal at Puerto Progresso on the Yucatán peninsula reached a record high of 1,490 TEUs during the harvest season between November and April. The containers held about 30,000 tons of the vegetable. The previous export record was 1,271 40-foot containers in the 2008/09 season.
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| FCA use grows as shippers seek more control |
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Thursday, June 06, 2013
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Shippers are increasingly using the free carrier (FCA) Incoterm in their freight contract rather than the free on board (FOB) designation, according to an executive with Ryder. In a blog entry this week , Lee Williams, director of business development for the retail division of Ryder Supply Chain Solutions, wrote that companies sourcing in Asia are turning to the FCA designation to start taking more control of their supply chain. Using FCA essentially means the buye...
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| ICS: Green regulations could cost $500 billion |
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Thursday, June 06, 2013
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Masamichi Morooka, the chairman of the International Chamber of Shipping (ICS), said this week that new legislation to protect the environment could potentially cost the shipping industry $500 billion between 2015 and 2025. “As many companies struggle to survive during the difficult years ahead, we must persuade governments to avoid placing yet more straws that risk breaking the shipowner’s back — and the straws to which I refer are the impending costs of environmental legislat...
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| Kings Point names advisory board |
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Thursday, June 06, 2013
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The U.S. Merchant Marine Academy, which has been rocked by a series of controversies in recent years, most recently evicting the school's alumni association from campus , has a new advisory board. U.S. Transportation Secretary Ray LaHood named seven persons to the board, which he said will "help the academy achieve its strategic plan goals. Their experience and expertise will further its mission to educate and graduate the best-qualified merchant marine...
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| Musical piece won't offer much peace and quiet |
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Thursday, June 06, 2013
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The composer Alan Hovhaness incorporated recordings of whale songs into one of his symphonies, but a new group of composers are working another sound from the sea into their tune: foghorns. A musical performance featuring on-shore bands and what the creators of the event promise to be "an armada of vessels positioned off shore" is being planned for later this month. The event, in South Tyneside, is part of the Festival of the North East and will be performed in the area around S...
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| Drewry: Liner rate war could hurt service |
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Wednesday, June 05, 2013
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Drewry cautions that shippers may see a deterioration in service if the current price war in the ocean container industry continues. “The carrier financials that have so far been published for the first quarter of 2013 present the same mixed bag of results that typified 2012. Some carriers made a little money but more lost cash, meaning that the industry at large started 2013 in the red,” said the London-based firm, which has just published the latest edition of its monthly Sea...
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| ART Logistics launches new sea-rail service |
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Wednesday, June 05, 2013
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ART Logistics has started a new sea-rail service connecting Southeast Asia with Central Asia The new service connects Singapore, Malaysia, Indonesia, Vietnam and Thailand with Central Asia. Cargo is moved by sea from the ports of Jakarta, Port Kelang, Bangkok, Haiphong, Keelung and Singapore. Shipments are then routed by rail through the China corridor, from Lianyungang in north-eastern China to the Kazakhstan border crossings of Dostyk and then on to Almaty, the co...
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| INTTRA holds liner CIO summit in Paris |
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Wednesday, June 05, 2013
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The portal-based ocean shipping e-commerce network INTTRA this week hosted the liner carrier industry’s first Ocean Shipping CIO Leadership Council in Paris. Participants included chief information officers from the world’s top ocean carriers, shippers and recognized industry experts, including CMA CGM, Hapag-Lloyd, Hamburg Süd, Maersk Line, MSC, UASC, CSAV, Kuehne + Nagel, Boston Consulting Group, Gartner, and Mallory Alexander International Logistics. The two-day...
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| French president inaugurates CMA CGM box ship |
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Wednesday, June 05, 2013
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On the 35th anniversary of of CMA CGM's founding by Jacques Saadé, French President François Hollande officially inaugurated the shipping line's latest 16,000-TEU vessel, the Jules Verne, in Marseille. Named after the famous French author of the 1800s, the French-flagged Jules Verne is deployed on the weekly FAL 1 (French Asia Line) route between Asia and North Europe. It is the third 16,000-TEU vessel, after the Marco Polo and Alexander Von Humboldt, deployed by the world's thi...
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| Nardi named president of NYSA |
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Wednesday, June 05, 2013
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John Nardi was appointed president of the New York Shipping Association (NYSA) on Tuesday by its board of directors. Nardi, who has been executive vice president of NYSA since 2011, succeeds Joseph C. Curto. Nardi played a key role on the NYSA bargaining committee as it engaged in year-long negotiations with the International Longshoreman's Association (ILA), resulting in a new, six-year contract. Nardi has worked for 30 years in the maritime industry ...
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| Washington Notebook: DOT selects experts for Freight Advisory Committee |
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Tuesday, June 04, 2013
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The U.S. Department of Transportation on Thursday named 47 professionals from industry, academia, labor, safety advocacy and government to its inaugural Freight Advisory Committee, which will provide advice and recommendations for improving the national freight transportation system. Its first order of business will be to help the department create a national freight transportation strategy, as required by last year's MAP-21 surface transportation law. The DOT said it sought to ...
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| New tankers could be run on LNG |
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Tuesday, June 04, 2013
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Continuing interest by U.S. shipping companies in natural gas to power ships was highlighted by the announcement by General Dynamic's NASSCO shipyard in San Diego last week that four, 50,000 DWT Jones Act product tankers that it is building for American Petroleum Tankers will be "LNG-conversion-ready." The contract includes options to build four additional ships. Construction of the first tanker is scheduled to begin in the third quarter of 2014, with deliveries scheduled to beg...
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| Maersk announces rate hikes |
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Tuesday, June 04, 2013
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Maersk Line said it will implement rate hikes on several trades: A general rate increase (GRI) for dry cargo moving from the Middle East, India and Pakistan to the United States and Canada will take effect on July 3. The increase will be $300 for 20-foot containers, $400 for 40-foot standard containers, $450 for 40-foot, high-cube containers, and $505 for 45-foot containers. A GRI for dry and reefer shipments from the Far East to the United States will take effect July 1. For cargo mo...
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| CaroTrans enters Philippines partnership |
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Tuesday, June 04, 2013
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The NVOCC CaroTrans said it has entered into a strategic alliance with Multifreight Consolidator System, Inc. (MFCSI), an NVOCC in the Philippines market. CaroTrans said the two companies "will offer fast, reliable, less-than-containerload (LCL) and full containerload (FCL) import and export cargo services between North America and the Philippines. A direct, weekly service to Manila departed Long Beach on May 24th with a transit time of 22 days. A Manila to Los Angeles se...
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| Expeditors poised for strong second half |
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Tuesday, June 04, 2013
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A “pristine” balance sheet, an increasingly sunny outlook from management, and a focus on costs and margin improvement are indications that Expeditors International is poised for a strong end of the year, according to analysts at BB&T Capital Markets. Customers have said they will start shipping more during the second half of the year, and BB&T analysts think Expeditors will pick up on some of the business that left their company when they were getting undercut on pricin...
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| New ship design aimed at intra-Asian trade |
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Tuesday, June 04, 2013
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Intra-Asian regional container traffic is forecast to reach 75 million TEU in 2016, up nearly 32 percent from 2012's 57 million TEU, says Germanishcher Lloyd (GL), which writes about a new containership design aimed at the market in the latest issue of its Nonstop magazine . "Container traffic in Asia is forecast to grow faster than elsewhere in the world up until 2016. It is assumed that this trend will continue despite apparent moderate growth in China," the ship classificatio...
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| FMC publishes OTI reform rule notice |
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Tuesday, June 04, 2013
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The Federal Maritime Commission (FMC) last week published an Advance Notice of Proposed Rule regarding Ocean Transportation Intermediaries (OTI) in the Federal Register , potentially changing the way OTIs are licensed and financially regulated. The proposed rule, first put forward in mid-May , also requires foreign non-vessel-operating common carriers (NVOs) to establish U.S. offices. The notice in the Federal Register , published May 31, starts a 60-day notic...
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| Executive moves |
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Tuesday, June 04, 2013
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NOL Group, the Singapore parent of the liner company APL, has appointed Tom Behrens-Sørensen to its board of directors. Behrens-Sørensen’s career included a 30-year tenure at A.P. Moller-Maersk, where he held several senior leadership roles. NOL said he led Maersk's expansion into China from 1994 through 2009. Based in Beijing, Behrens-Sørensen is a co-founder of the European Union Chamber of Commerce and of the Danish Chamber of Commerce in China. He has been...
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| Drewry: 'Big 3' have advantage in transpacific |
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Monday, June 03, 2013
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An article in the latest issue of Drewry Container Weekly contends that the three largest container shipping lines, Maersk, MSC and CMA CGM, "now have such big economies of scale in the transpacific that they can ride out the current eastbound freight rate war more comfortably than the rest of the pack, should they choose to do so." In an article entitled " Top three muscle out others, " the London-based consultants write that the three carriers deployed vessels that averaged 3...
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| U.S., France team up to stop fake electronics |
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Monday, June 03, 2013
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An enforcement blitz by U.S. and French Customs officials resulted in the seizure of 480 shipments of potentially harmful counterfeit electronic components, U.S. Customs and Border Protection recently announced. Operation Core Systems, conducted between Nov. 1 and April 30 targeted fake computer and electronic components such as semiconductors, computer networking equipment, hard drives and memory cards that often don't meet performance standards of the original equipment and ha...
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| Crowley makes Puerto Rico LCL service weekly |
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Monday, June 03, 2013
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Crowley Maritime Corp.’s Caribbean logistics group has begun offering regularly scheduled, weekly less-than-containerload services to and from San Juan, Puerto Rico, and select countries within Central America. The new service, which uses Crowley vessels, will run from San Juan to San Jose, Costa Rica; San Salvador, El Salvador; Guatemala City, Guatemala; San Pedro Sula and Tegucigalpa, Honduras; Managua, Nicaragua, and Panama City and Colon, Panama, before returning to San Jua...
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| CMA CGM reports 1Q profit |
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Monday, June 03, 2013
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CMA CGM, the world’s third largest container shipping group, said it had a profit of $102 million in the first quarter compared to a loss of $240 million in the same period a year earlier. Revenue for the quarter was $3.8 billion, six percent more than the $3.6 billion recorded in the first three months of 2012. The company said the increase resulted from a 3-percent growth in volumes carried (2.7 million TEUs in first-quarter 2013 compared with 2.6 million TEUs in...
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| Peru port orders cranes |
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Monday, June 03, 2013
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Euroandinos Port Terminals at the Port of Paita in Peru has ordered one super post-Panamax ship-to-shore crane and two rubber tire gantry stacking cranes from Liebherr Container Cranes Ltd., the Irish company said. The container cranes are scheduled for delivery late this year. The ship crane has a maximum load capacity of 55 tons with a twin-lift spreader. It can reach 51 meters across the water and 17 meters back to the wharf. The order follows one fo...
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| 47-foot Jacksonville harbor project out for public review |
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Friday, May 31, 2013
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The 47-foot Jacksonville harbor navigation project draft report was approved by the Army Corps of Engineer's assistant secretary for civil works on May 17 and was officially released Thursday for a 60-day public comment period. The tentatively selected plan calls for dredging the Florida port's harbor channel to a depth of 47 feet, two feet deeper than the National Economic Development plan released by the Corps. The plan was approved based on the positive net benefits...
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