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| APL sinks to big 2011 loss |
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Wednesday, February 22, 2012
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The container line APL lost $446 million from continuing operations in 2011, nearly wiping out the $492 million in operating profits the line made in 2010. APL’s losses, reported Wednesday by Singapore-based parent company NOL, came on revenue that declined 5 percent in 2011 to $7.9 billion. Container volume rose 5 percent to 2.9 million TEUs, though the average revenue per FEU fell 10 percent to $2,500. The average price of bunker fuel was 33 percent higher...
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| Drewry: Expect reliability to fall as rates rise |
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Wednesday, February 22, 2012
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The advisory and research company Drewry said shippers should expect reliability levels to fall as rates rise, if recent research is an indicator. “When rates have been good for carriers, reliability has been below par, while the two best on-time results have occurred in periods when prices have been on the floor,” Drewry Supply Chain Advisors said in its February Logistics Executive Briefing. “While the historical results do leave plenty of room for improvement, it is c...
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| Containership charter market in "breakeven mode" |
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Wednesday, February 22, 2012
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The containership chartering firm Danaos recorded profits in the fourth quarter and full-year 2011, compared to losses a year earlier, but the company's chief executive officer said the charter market for containerships is in "breakeven mode with more than half a million TEUs idle, which will delay any improvement in charter rates in the months ahead." Danaos had a profit of $9.1 million in the fourth quarter of 2011, compared to a loss of $8.9 million in the s...
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| CBP proposes changes to in-bond rules |
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Wednesday, February 22, 2012
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U.S. Customs and Border Protection on Wednesday published a notice of proposed rulemaking that would make substantial changes to the way imported merchandise is transported inland under a bond, enabling the cargo owner to defer payment of duties until it reaches the destination port or is exported. The primary fixes involve making the in-bond process electronic and tightening up procedures to better track merchandise and prevent diversion. In the past, CBP has...
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| Shipping analyst sees brighter 2012 for Asia-U.S. trade |
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Wednesday, February 22, 2012
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Trenck A leading shipping analyst said last week he expects the transpacific trade to perform better in 2012 than it did in 2011. “I feel better about the U.S. short-term than many other areas of the globe,” Charles de Trenck, founder of Hong Kong-based Transport Trackers, wrote in his 2012 forecast. “The political cycle is also bound to distort the picture – and may hurt prospects for needed deeper budget cuts. The U.S. in 2012 will be a year of politics when it would be tough...
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| Maersk's MESA slows, shifts to Cape Town |
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Wednesday, February 22, 2012
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The ocean carrier Maersk Line has dropped a port call at Port Elizabeth in favor of a new call at Cape Town and added a seventh vessel to its weekly Middle East/India-South Africa MESA service, increasing round-trip voyage time from 42 days to 49 days. The revised rotation of MESA is Dubai, Karachi, Nhava Sheva, Durban, Cape Town, and Dubai. Maersk subsidiary Safmarine continues to take slots on the service. The Maersk vessels on the service...
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| MSC raises India-Middle East/Europe rates |
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Wednesday, February 22, 2012
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The liner carrier Mediterranean Shipping Co. said it plans to raise rates on the trades from the Indian Subcontinent and Middle East to Europe from March 1. The increases are: $200 per TEU from Indian and Pakistan to Northern Europe . $150 per TEU from Middle East to Europe , including Northern Europe, the Mediterranean, and Adriatic.
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| Drewry opens Shanghai office |
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Wednesday, February 22, 2012
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London-based advisory and research company Drewry said Tuesday it has opened a new office in Shanghai. “Through this new site, Drewry is now better placed to serve key clients, while also using local market knowledge to support international clients,” the company said. “Drewry is no stranger to the Chinese market, having built long-established relationships over the past decade and completed numerous assignments for leading organisations, while also jointly organising the annual...
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| ICS chairman calls for shipbuilding moratorium |
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Tuesday, February 21, 2012
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Spyros M. Polemis, chairman of the International Chamber of Shipping, is calling for a moratorium on new ship construction. Speaking at the a shipping conference in Athens, which was sponsored by the Financial Times of London, Polemis said "until the crisis is over we do need a moratorium on new orders for ships that have no economic purpose. “Current markets would appear to be demonstrating just how seriously damaging the oversupply of s...
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| TCC wins key decision in MQC claims pursuit |
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Tuesday, February 21, 2012
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The shuttered transpacific liner carrier The Containership Co. earlier this month won a decision in U.S. Bankruptcy Court that could help the line recoup lost revenue from its former shipper customers. On Feb. 10, a U.S. Bankruptcy judge in New York found in favor of Norway-based TCC in a motion filed by a group of its customers, who were seeking to have to breach-of-contracts proceedings moved before the Federal Maritime Commission. U.S. Judge Sean Lane denied the motio...
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| Maersk drops more West-Med hub calls |
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Tuesday, February 21, 2012
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The ocean carrier Maersk Line has dropped more calls at its West Mediterranean hubs in Algecrias, Spain and Tangiers, Morocco on its weekly services between Asia and North Europe. Maersk's AE7 loop has dropped calls at Algeciras in both directions, also dropping a westbound call at Xiamen and an eastbound call at Yantian. It has added a call at Nansha and a new stop westbound at Colombo. The AE7 has a revised rotation of Qi...
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| MSC raising Black Sea/East Med export rates |
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Tuesday, February 21, 2012
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The liner carrier Mediterranean Shipping Co. said it plans to raise rates on a number of trades out of the east Mediterranean and Black Sea from March 1. The increases are: $50 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to South Africa, Mozambique and West Africa. $100 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to east Africa and Red Sea ports. $100 per container from Port Said and Alexandria to northern Africa ports. $50 per 20-foot c...
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| Foss ship resumes voyage after repairs |
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Tuesday, February 21, 2012
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Delta Mariner , the ship that slammed into a bridge across a reservoir on the Tennessee River last month, has resumed its voyage to Port Canaveral. United Launch Alliance, the joint venture between Boeing and Lockheed Martin that charters the ship from Foss Maritime to move rocket components from its manufacturing location in Decatur, Ala. to Cape Canaveral and Vandenberg Air Force Base, Calif., said Delta Mariner , is expected to arrive in Port Canaveral on Feb. 23...
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| Hyundai gets biggest containership |
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Tuesday, February 21, 2012
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The liner carrier Hyundai Merchant Marine has received the largest containership in its history, the first of five vessels larger than 13,000 TEUs. The Hyundai Together is 13,100 TEUs and will be deployed in the Asia-Europe. The ship is also the largest vessel operated by any members of the newly formed G6 Alliance, which is due to start operations on the Asia-Europe trade in March. Other G6 members include APL, Hapag-Lloyd, MOL, NYK Line, and OOCL. The...
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| Safmarine receives vessel for Africa trade |
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Tuesday, February 21, 2012
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The shipping line Safmarine said Tuesday it has received the first of three new Safmarine-branded WAFMAX vessels to join the fleet of its parent company A.P. Moller-Maersk this year. The 4,500-TEU Safmarine Chilka has been built for the African trades and will be deployed on the Far East-Africa trade. Safmarine said the ship, built in South Korea by Hyundai Heavy Industries, is fitted with super-long-stroke main engines and a waste heat recovery system to re...
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| Proposed Georgia port aimed at bulk cargo |
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Monday, February 20, 2012
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A third port in southern Georgia could help diversify the state's marine business by concentrating on bulk cargo such as grains, sands, aggregates and wood pellets, according to a Feb. 16 press release by the Camden County Joint Development Authority, which is promoting the concept. David Keating, the JDA's executive director, recently briefed state lawmakers that a 720-acre site where a defunct paper mill now sits is available for sale and presented an excellent opp...
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| Ports help Georgia land new Caterpillar plant |
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Monday, February 20, 2012
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Access to the ports of Savannah, Ga., and Charleston, S.C., played a key role in Caterpillar Inc.'s decision to build a new plant in Athens, Ga., the company said Friday. The 1 million-square-foot facility will manufacture small track-type tractors and mini-hydraulic excavators and employ 1,400 people when fully operational. The announcement also underscores the recent phenomenon of near-shoring, the slowly growing trend of some U.S. man...
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| Inspectors stop bee threat at U.S. port |
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Monday, February 20, 2012
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The U.S. honeybee population is safer today after U.S. Customs officers at the Port of Norfolk in Virginia recently intercepted a red mason bee hitchhiking in a container of household goods from the United Kingdom, the agency said. It is the first known interception of the red mason bee, which is commonly found in the United Kingdom, and is not established in the United States. Inspectors found the insect within a rolled rug and called in agriculture specialists to ident...
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| Third port for Georgia? |
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Monday, February 20, 2012
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Georgia officials are eyeing a bankrupt paper mill on the St. Mary's River in Camden County as a possible site for a third port, according to two local newspapers. Camden County Development Authority Executive Director David Keating recommended to lawmakers that the state buy the 720-acre site of the defunct mill for $12 million and turn it into a port, the Morris News Service reported Thursday. He also presented his plan to Gov. Nathan Deal and the Georgia Ports Authority,...
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| MSC offers through B/L to Richmond, VA |
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Monday, February 20, 2012
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Mediterranean Shipping Co., the second largest container line in the world, has created a bill of lading for shippers originating and terminating cargo at the Port of Richmond, Va., according to the Virginia Port Authority. The carrier is essentially making the shipping process more convenient by offering to take responsibility for arranging the inland move between Richmond and the Port of Norfolk, where MSC's ocean-going vessels pickup and discharge containers...
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| Maersk: Too much Asia-Europe capacity |
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Monday, February 20, 2012
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On Friday, American Shipper reported that CMA CGM and Maersk Line were amending their jointly operated offering of services on the Asia-Mediterranean trade. Maersk expounded its role in the service adjustments on Friday, saying that overcapacity in the trade was hampering freight rates and that the changes would result in a 9 percent removal of its capacity on the trade. “Oversupply of container vessels operating on the Asia-Europe trade lane has pushed Maer...
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| CSAV raises $1.2 billion in stock sale |
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Monday, February 20, 2012
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The Chile-based shipping company CSAV said last week it had raised an additional $1.2 billion through the sale of additional stock in the company and completed spin-off of its terminal division SAAM. Major investors include the conglomerate Quiñenco, which is part of the Luksic Group, which invested $547 million and now owns 37.44 percent of the company. In addition, $100 million of stock was purchased by Maritima de Inversiones SA (Marinsa), giving the Claro Group a 12....
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| Zim to take slots on MSC Americas services |
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Monday, February 20, 2012
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The container line Zim will from the end of March take slots on a Mediterranean Shipping Co. on the trade between the U.S. East Coast and the east coast of South America, while jointly operating another loop on the U.S. Gulf-East Coast South America trade. The rotation for the U.S. East Coast service will be Charleston, Norfolk, New York, Baltimore, Savannah, Freeport, Caucedo, Santos, Buenos Aires, Montevideo, Rio Grande, Navegantes, Santos, Rio de Janeiro, Suape, Cauce...
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| Unisys seeks India port deal |
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Monday, February 20, 2012
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Unisys Corp. is in talks with India’s shipping ministry to provide security systems to domestic ports to avoid traffic congestion and piracy threats, according to a report in India’s Economic Times . The project involves drawing a port-security roadmap for threats, as well as a vessel traffic management system, with a deal possibly signed by March, according to the report.
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| OOCL raises Europe-Asia rates |
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Monday, February 20, 2012
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The liner carrier OOCL said it plans to raise rates on the trade from Northern Europe to Asia from mid-March. The increase, $200 per TEU, becomes effective March 15.
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| Performance Team transloads in Charleston |
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Friday, February 17, 2012
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Third-party logistics provider Performance Team will open a container transloading facility at the Port of Charleston to shuttle cargo from ocean containers to truck trailers for distribution throughout the Southeast. Performance Team will operate from the Wando Welch Terminal's container freight station and handle both import and export cargo. Performance Team said transloading cargo onsite will increase its efficiency, reduce costs, and...
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| FMC reviews 15 OTI license applications |
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Friday, February 17, 2012
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The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from AA Shipping, Houston (Barbara C. Mozie, president); Eagle Van Lines, Temple Hills, Md. (Christos Georgeakopoulos, vice president); J.K. Moving & Storage, Sterling, Va. (Charles S. Kuhn, president); NIT Logistics, Hackensack, N.J. (Esra Terer, corporate secretary); and TBIF, Bozeman, Mont. (Way...
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| FMC report could revive regulation debate |
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Friday, February 17, 2012
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The debate about how the container shipping industry should be regulated may be revived with the release of a major report by the U.S. Federal Maritime Commission on Thursday about the decision by the European Union to end the so-called "block exemption" for liner companies under EU competition law in 2008. In a telephone interview, FMC Chairman Richard A. Lidinsky Jr. said the central conclusion of the report was positive for U.S. shippers. "Most armch...
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| CMA CGM/Maersk reshuffle Asia-Med services |
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Friday, February 17, 2012
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The liner carrier CMA CGM said Friday it will amend the Asia-Mediterranean service network it runs with Maersk Line from early April. The changes include revised port rotations for two services in which the lines currently trade slots – CMA CGM’s MEX service and Maersk’s AE11 service. Additionally, CMA CGM said the two lines will jointly operate both services, rather than each line operating one. Also, larger vessels will be used. The existing rotations will...
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| Maersk remodels TP6/AE6 pendulum |
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Friday, February 17, 2012
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The ocean carrier Maersk Line has slowed its Los Angeles-Asia-Europe TP6/AE6 pendulum, adjusting round-trip voyage times from around 93 days to 103 days. At the same time it has dropped calls in both directions at its West Mediterranean hub in Algeciras, and is adding an eastbound call at its major Middle East hub in Salalah. In North Europe, in addition to a call in Bremerhaven, the loop will add a call at Hamburg. ...
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| FMC: U.S. shippers not harmed by EU law change |
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Thursday, February 16, 2012
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A study released by the U.S. Federal Maritime Commission on Thursday finds the repeal of antitrust protection for the liner shipping industry in Europe in 2008 has not disadvantaged U.S. shippers. On Sept. 25, 2006, the European Union announced the repeal of the regulation that provided a "block exemption" from EU competition law for liner shipping conferences in trades to and from EU members. The change in the law took effect on Oct. 18, 2008. In ...
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| CMA CGM boosts rates on eastbound TP, other trades |
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Thursday, February 16, 2012
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The liner carrier CMA CGM said Wednesday it will raise rates on the eastbound transpacific in line with recommendations made by the Transpacific Stabilization Agreement, among a host of planned rate hikes over the next three months. The proposed increases on the eastbound transpacific include: From Asia to all U.S. destinations (including intermodal), $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, $380 per 45-foot conta...
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| MSC raises Far East/Caribbean-Central America rates |
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Thursday, February 16, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to increase rates from the Far East to parts of Central America, the Caribbean, and the north coast of South America. The increase , effective March 15, is $560 per 20-foot container and $800 per 40-foot or 40-foot high-cube container. The increase is applicable to destination ports in the Caribbean, Panama, the east coast of Central America, Cartagena, and Venezuela.
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| Emirates hikes Mideast/East Africa rates |
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Thursday, February 16, 2012
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Emirates Shipping Line said Wednesday it will seek a rate increase on containers moving from the Middle East to East Africa. The increase, effective March 1, is $250 per TEU. The carrier’s two-ship GIA service links the two regions with a rotation of Karachi, Sharjah, Jebel Ali, Mombasa, Zanzibar, Dar es Salaam, Nhava Sheva, and Karachi.
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| Port truckers in Seattle end protest |
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Thursday, February 16, 2012
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The Port of Seattle announced that cargo operations and deliveries returned to normal Wednesday as a contingent of port truck drivers ended a two-week work stoppage to protest pay and safety conditions. An estimated 300 to 400 drivers that shuttle containers between the port, local warehouses and rail ramps walked off the job Jan. 31 in an effort to get classified as employees instead of independent contractors and draw attention to alleged occupational hazards such...
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| Mixed fortunes at SoCal ports in January |
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Thursday, February 16, 2012
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Container volume at the Southern California ports rose a collective 1 percent year-on-year in January, but the spoils were not equally shared, with Los Angeles volume rising, and Long Beach’s dropping. The two ports handled a collective 1.15 million TEUs in the month, up from 1.13 million TEUs in January 2011. Los Angeles’ volume rose 5.8 percent in the month to 698,715 TEUs. Long Beach’s volume fell 3.9 percent to 456,424 TEUs. Imports to Los Angeles rose 5.3 perce...
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| U.S. imports to rise in first half 2012 |
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Thursday, February 16, 2012
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Import cargo volume at the nation’s major retail container ports is expected to drop 6.8 percent in February from the same month a year ago, but should show year-over-year increases through most of the remaining first half of 2012, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates. “With consumer confidence building, retailers are optimistic that the economy is recovering but are continuing to be ...
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| Hamburg Süd raising U.S-Oceania rates |
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Thursday, February 16, 2012
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The liner carrier Hamburg Süd said Wednesday it plans to raise U.S. export rates to Australia and New Zealand in April. The increase, $150 per 20-foot container and $300 per 40-foot container, becomes effective April 1.
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| Rickmers taps Widdows as new chief |
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Wednesday, February 15, 2012
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Former head of liner carrier APL Ron Widdows has been named chief executive officer of Rickmers Holding and of Rickmers-Linie, effective April 1, the German carrier said Wednesday. Widdows retired last year from APL parent NOL, where he left as chief executive officer and chairman. He’ll replace Jan Steffens, who helmed Rickmers the past decade. Rickmers’ Chief Financial Officer Ignace Van Meenen will become Widdows’ deputy. Steffens will remain with Rickmer...
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| Hapag-Lloyd snares $130 million in profits in 2011 |
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Wednesday, February 15, 2012
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The liner carrier Hapag-Lloyd said Wednesday it garnered operating profits of $130.7 million in 2011, a year in which most global carriers are expected to report a loss. The German line, in reporting its preliminary results for 2011, said its revenue dipped by 1.6 percent to $7.9 billion, while container volume rose 5.1 percent to 5.2 million TEUs. Hapag-Lloyd said its average freight rate fell from $1,569 per TEU in 2010 to $1,532 per TEU in 2011. &n...
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| CSAV takes $1.2 billion loss in 2011 |
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Wednesday, February 15, 2012
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The Chilean shipping company CSAV reported a loss of $380 million in the fourth quarter 2011, compared to a loss of $7.2 million in the fourth quarter of 2010. Revenue in the fourth quarter of 2011 was $801 million, compared to $1.12 billion in the same period the year earlier. However, the liner company said it had a significant reduction in its losses on its continuing operations in the fourth quarter. The loss in the last three mont...
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| CMA CGM, IBM extend IT joint venture |
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Wednesday, February 15, 2012
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After five years of pairing through a joint subsidiary, CMA CGM Group and IBM today announced a new strategic partnership to cover the next five years. Under the terms of the agreement, IBM will provide expertise deploying major IT applications such as cloud computing and designing new customer-centric tools to reduce the ocean carrier’s costs and accelerate growth. The IT department on both sides will merge into a new subsidiary named CMA Systems. It previo...
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| APL Logistics offers shipment planning tool |
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Wednesday, February 15, 2012
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APL Logistics on Wednesday unveiled a new shipment planning platform aimed at changing the way large freight buyers coordinate their transportation activities. The company’s ShipmentOptimizer will allow shippers to generate the best shipment plan according to three variables: Cargo arriving at final destination on the preferred date. Maximization of space and load utilization. Minimization of overall transportation costs on a door-to-door basis. "This technology inn...
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| Carrier schedule reliability continues slide |
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Wednesday, February 15, 2012
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Global liner carrier reliability declined marginally from December to January, according to the latest figures from SeaIntel Maritime Analysis. SeaIntel recorded liner on-time performance at 58 percent in January from 59 percent in December in its latest monthly schedule reliability report. It’s the fourth straight month of decline, the analyst noted. Out of 8,700 measured arrivals in January, the report now includes 1,900 arrivals in trades to and from Africa,...
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| Maersk/CMA add Barcelona in transatlantic loop |
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Wednesday, February 15, 2012
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Maersk Line said it will add a call in Barcelona to the transatlantic Mediterranean service it jointly runs with CMA CGM. The line’s WestMed service, which CMA CGM calls Amerigo Express, will include the Spanish port call from April 3. The revised rotation is Malta, Leghorn, Genoa, Marseilles-Fos, Barcelona, Valencia, Malaga, Newark, Norfolk, Savannah, Algeciras, and Malta. The service is operated with six ships (four from Maersk and two from CMA CGM) with an averag...
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| SeaIntel: Competition lessens ocean freight rate spread |
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Wednesday, February 15, 2012
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Direct liner carrier service competition has a significant impact on the spread between high and low rate levels, according to research from SeaIntel Maritime Analysis. “We have investigated the difference in freight rates across 130 individual port-port trades from Asia to the U.S. East and West coasts,” the Copenhagen-based analyst said in this week’s issue of its weekly newsletter SeaIntel Sunday Spotlight . “We then matched this rate difference against the competitiv...
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| MOL's 4Q on-time rate mixed |
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Wednesday, February 15, 2012
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On-time arrival rates on the key east-west trades, namely the transpacific, transatlantic, and Asia-Europe, saw mixed fortunes in the fourth quarter of 2011 for the Japanese liner carrier MOL. On the nine Asia-U.S. West Coast services measured by MOL, schedule reliability declined from 95 percent in the third quarter to 92 percent in the fourth quarter. On the four Asia-U.S. East Coast services analyzed, schedule reliability increased from 86 percent in the thi...
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| COSCO boosts TP rates in line with TSA |
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Wednesday, February 15, 2012
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COSCO Container Lines said this week it plans to raise rates from Asia to North America in line with recent guidelines from the Transpacific Stabilization Agreement, of which the line is a member. Last week, TSA recommended lines seek a $300 per FEU increase in rates from March 15. COSCO said it will increase rates by $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, and $380 per 45-foot container from Far East to ...
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| MSC to raise Asia-ECSA rates |
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Wednesday, February 15, 2012
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Mediterranean Shipping Co. said this week it plans to hike rates from the Far East to the east coast of South America. The increases , $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective from March 15.
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| CORRECTION: Doyle nominated for FMC commissioner |
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Wednesday, February 15, 2012
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Doyle The wrong photo of William P. Doyle was included in Tuesday's edition of AS+ and AS Daily . Doyle, chief of staff at the Marine Engineers' Beneficial Association (MEBA), has been nominated by President Obama to be a commissioner at the Federal Maritime Commission.
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| Hoyer expands in Russia, Ukraine |
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Tuesday, February 14, 2012
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Hamburg, Germany-based bulk logistics services provider Hoyer has expanded its operations in Russia and Ukraine. The company has opened offices in Moscow and Odessa. In addition, Axel Brewe has been named head of development in Russia and central Eastern Europe. Brewe will continue to build and expand the existing tank container network, including investments in company vehicles and local infrastructure, Hoyer said. The Moscow office, initially ...
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| Obama nominates union staffer to FMC |
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Tuesday, February 14, 2012
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President Obama has nominated William P. Doyle, chief of staff at the Marine Engineers’ Beneficial Association (MEBA), to be a commissioner of the Federal Maritime Commission. Obama also nominated Richard A. Lidinsky Jr., current FMC chairman, to another term. Lidinsky was first named commissioner by Obama in 2009. If confirmed by the Senate, Doyle would replace Joseph E. Brennan, who has been at the FMC since 1999, making him the longest-serving of the...
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| TUI looks to Hapag-Lloyd divestment this week |
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Tuesday, February 14, 2012
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The minority owner of liner carrier Hapag-Lloyd TUI looks set to sell part of its stake in the company to the majority shareholder, the Hamburg-based Albert Ballin consortium, this week, according to a Reuters report. A spokesman for the finance authority of the German city state of Hamburg, which is part of the Albert Ballin consortium, said it was quite possible that a deal would be announced Wednesday, when TUI holds its annual shareholder meeting, with TUI confirming...
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| APMT chief urges India to expand ports |
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Tuesday, February 14, 2012
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India remains significantly underrepresented as a player in global trade, according to APM Terminals Chief Executive Officer Kim Fejfer. "The opportunities for development throughout India, one of the world's largest and fastest-growing economies, are exciting and energizing and APM Terminals is committed to being a part of that growth," Fejfer said during a keynote speech at the India Ports Conference in Mumbai this week. Although India’s economy is now the...
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| CSAV Norasia’s ABS folds into MSC’s Tiger |
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Tuesday, February 14, 2012
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The liner shipping company CSAV Norasia’s Asia-East Med Sea ABS service will become a part of Mediterranean Shipping Co.’s Asia-East Med Tiger Service beginning with the Feb. 1 sailing of MSC Luciana from Beirut. The merged joint service will sail weekly, operating with 10 vessels averaging 13,401 TEUs. All 10 ships are operated by MSC. CSAV Norasia is a subsidiary of Chile's CSAV group which has progressively been forming joint serv...
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| ESC bemoans 'shocking' piracy levels |
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Tuesday, February 14, 2012
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The European Shippers’ Council (ESC) said the state of piracy, while improving, is still at a "shocking" level. “A year on from our last press statement on this issue, the ESC remains alarmed by the latest figures released by the ICC's International Maritime Bureau,” the council said. “Although figures show a decreasing number of piracy attacks, the damage done is still unacceptably high.” ESC referred to a reported 37 attacks in 2012, coming on the heels of 420 at...
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| Maersk slows AE9, adds Rotterdam |
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Tuesday, February 14, 2012
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In conjunction with the changes to its Asia-Europe network announced by American Shipper Feb. 2 , the ocean carrier Maersk Line has added a new inbound port call at Rotterdam and a 10th vessel to its weekly Asia-Europe loop AE9. The carrier has also dropped a westbound call at Malaga, making Rotterdam the new first port inbound from Asia. Round-trip voyage time on the AE9 has increased from 63 days to 70 days, and transit times eastbound from Europ...
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| Budget increase sought for DOT, Army Corps |
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Tuesday, February 14, 2012
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President Obama is proposing a fiscal year 2013 budget for the Department of Transportation of $74 billion, 2 percent, or $1.4 billion, above the 2012 enacted amount. It's one piece of a $3.8 trillion plan that raises spending to support the middle class through incentives for domestic manufacturing, lower payroll taxes, infrastructure investment and other steps while raising revenue through taxes on the wealthiest Americans and reductions in subsidies for the ...
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| Matson profits hurt by weak transpacific |
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Tuesday, February 14, 2012
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Alexander & Baldwin, parent company of Matson Navigation Co., said a "continued weak transpacific operating environment" was reflected in sharply lower operating profit for its ocean transportation operations. A&B, which is also involved in real estate and agriculture, said ocean transportation operating profit was $14 million in the fourth quarter ending Dec. 31, 51 percent below the same period a year earlier. Revenue was $282.6 million for the fourth...
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| MSC raising Far East-Latin America rates |
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Tuesday, February 14, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to raise rates on the trade from the Far East to Mexico and the west coast of Central and South America from March. The increase , $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective March 15.
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