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| Drewry Air Freight Index - A slow climb in April |
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Monday, May 20, 2013
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Air freight rates out of Asia are slowly inching back up to February’s yearly high of $3.32 per kilogram, ending April at $3.21 per kilogram, a rise of $0.06 over March’s figure, according to the Drewry East-West Air Freight Price Index . The index measures the average per-kilogram price paid by forwarders to airlines on 21 major East-West routes. Each result factors in the base rate plus any security and fuel surcharges. February’s high-water mark came in $0.32 per kilo...
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| Maersk plans $750 rate hike from Asia to North Europe |
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Monday, May 20, 2013
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Maersk Line said it will raise rates by $750 per TEU on containerized cargo moving from Far East Asia (excluding Japan) to North Europe on July 1 . Maersk also announced a $150-per-container increase on dry and refrigerated cargo moving from the Mediterranean to the Far East, effective June 1. From Syria, the increase will be $115 per container. - Chris Dupin
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| Drewry forecasts more slow steaming |
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Monday, May 20, 2013
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Drewry is predicting an increase in slow steaming by container carriers. "Although slow steaming continues to be a contentious issue with shippers, more is on the way as fuel prices remain stubbornly high and ocean carriers can no longer absorb the bill due to the parlous nature of their finances," the London-based consultant says in the latest edition of its Container Insight Weekly . "Drewry believes that ocean carriers are losing money at present due to the frei...
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| SeaIntel says shippers should prepare for 'blank sailings' |
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Monday, May 20, 2013
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"Blank sailings," which occur when liner companies decide to omit a scheduled voyage are "becoming a regular feature in particularly the Asia-Europe trade," said this week's edition of SeaIntel Sunday Spotlight . "It has always been the norm that a significant amount of sailings are blanked following Chinese New Year. This is prudent capacity management by the carriers in response to the widespread factory closures during this time of the year. However, if we only look at the l...
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| Georgia Ports has record April |
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Monday, May 20, 2013
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Georgia Ports Authority (GPA) moved 2.4 million tons of cargo in April, a 4.7 percent increase -- or 108,532 tons –- over the same month a year ago. “Our total tonnage makes April the highest volume month on record,” said GPA Executive Director Curtis Foltz The GPA handled 258,951 TEU, 10,040 TEUs more than April 2012. The port also handled 57,709 auto and machinery units in April, its third highest month for roll-on, roll-off cargo. Foltz said four ne...
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| Virginia to open Canadian agriculture trade office |
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Monday, May 20, 2013
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The state of Virginia will open an international trade office in Canada this year to further promote exports of agriculture and forestry products, which hit an all-time high last year, Virginia Secretary of Agriculture and Forestry Todd Haymore recently reiterated. During remarks May 9 at the Virginia Maritime Association's annual banquet in Norfolk, Haymore noted that Gov. Bob McDonnell is the first governor in modern Virginia history to include agriculture and forestry i...
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| Airport cargo results enforce negative trend |
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Monday, May 20, 2013
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March tonnage numbers for four airports spanning the United States paint a mixed picture of the health of U.S. airports, but the general trend is one of cargo activity decline. Los Angeles International Airport handled 171,798 total tons of cargo in March, seeing 7,992 tons of mail and more than 163,000 tons of freight. While the mail result showed a 4.57 percent uptick, year over year, freight declined by 2.83 percent, leading to an overall decline of 2.51 percent. In the first...
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| Report: China will assist its shipping industry |
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Monday, May 20, 2013
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China will assist its shipping companies to "escape recession" according to a report attributed to the Xinhua news agency . Xinhua quoted He Jianzhong, China's vice minister of transportation, as saying the government would assist companies in several ways, including offering subsidies to encourage retirement of old ships to reduce supply and improve safety. The government will also encourage carriers to sign long-term contracts and "strengthen interference into the...
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| Developer adds California retail distribution space |
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Monday, May 20, 2013
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Port Logistics Group has added two new facilities spanning more than 1.1 million square feet to its retail distribution campus in City of Industry, Calif. The development now boasts more than 2.5 million square feet of space. The first new building, a 350,000-square-foot facility, will house new and existing clients. A 775,000-square-foot development has also been built for three new clients.
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| Virgin Cargo optimistic about road ahead |
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Monday, May 20, 2013
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In its recently ended fiscal year, Virgin Atlantic Cargo boosted its market share on 30 routes, sometimes gaining up to 40 percent of the share of a given lane. That aggressiveness helped lead to cargo results that, despite a terrible cargo market, were basically flat when compared to the previous year. Virgin Cargo carried 214,737 tons of cargo in the 2012-2013 fiscal year, a 0.91-percent decline over the previous year. Revenues ended the fiscal year at 230 million euros ($295...
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| Shift in wind trade direction at Corpus Christi |
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Monday, May 20, 2013
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Port Corpus Christi says it has been a leading port for imports of wind energy turbine components since 2006, but last week handled components for export for the first time. On Saturday, 35 Mitsubishi wind blades made in Ciudad Juarez in northern Mexico were loaded on a vessel carrier operated by NYK-Hinode. The blades are destined for Japan. “The Port anticipates additional wind cargo export opportunities within the upcoming months,” said John LaRue, ...
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| Vanguard expands LCL service in Indonesia |
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Friday, May 17, 2013
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Non-vessel-operating common carrier Vanguard Logistics Services has started new services from Batam, Indonesia to global destinations. Many Indonesian and multinational manufacturers operate on the small island of Batam, which is located 20 kilometers southeast of Singapore. All less-than-containerload cargo from Batam is traditionally moved via small barges to Singapore's Pasir Panjang Breakbulk port. It is then relayed by open truck to Keppel District Park at Tan...
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| Maersk has profitable 1Q despite 'price war' |
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Friday, May 17, 2013
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Maersk Line made a profit of $204 million in the first quarter of 2013 compared to a loss of $599 million in the first quarter of 2012. It said the turnaround in the financial performance was achieved through lower costs, as revenue was unchanged at $6.3 billion in both quarters, and came despite price aggressiveness. Financial results for the world’s largest container shipping company were reported Friday morning by the A.P. Moller-Maersk Group, a conglomerate whose operations...
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| Aljex and AES Logistics integrate on intermodal rates |
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Friday, May 17, 2013
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AES Logistics and Aljex Software said Thursday the two companies have integrated AES Logistics rates into Aljex hosted software for quick access by Aljex users. AES is a provider of transportation services and supply chain logistics including truckload, less than truckload (LTL), ocean and air cargo service. Aljex is a provider of hosted transportation management software for brokers, carriers and other transportation providers. "Integration with AES provides sourci...
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| Contractor picked for Miami dredge project |
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Friday, May 17, 2013
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The U.S. Army Corps of Engineers on Wednesday awarded a $122 million contract to Great Lakes Dredge & Dock Corp. for deepening the entrance to the Port of Miami to 50 feet, the company said. Excavation is expected to commence in August and be completed in time for the opening of the expanded Panama Canal in 2015, which will enable 14,000 TEU container vessels to reach the U.S. East Coast from Asia via the Pacific Ocean. Miami would become the third port on...
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| Group calls for supply chain accountability |
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Friday, May 17, 2013
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A group of investors and stakeholders from more than 115 organizations have banded together under the Interfaith Center on Corporate Responsibility to ask global shippers to ensure the safety and welfare of their workers and to ferret out supply chain abuses. The group has called on shippers around the world to implement International Labor Organization standards at all their facilities and to pay attention to the United Nation’s framework on human rights responsibilities in bus...
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| UPS releases new iPad app |
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Friday, May 17, 2013
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UPS today announced a new app for the iPad to let users easily track packages, find UPS shipping locations, and access UPS My Choice, all with enhanced mapping features. The UPS app for iPad enables customers to track packages and find locations where they can send shipments. Additionally, the app allows users of UPS My Choice to access all of the features of the service including the ability to reroute or reschedule delivery. UPS My Choice Premium members can also view their d...
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| Ex-Im Bank’s $500 million loan helps Mongolian mine |
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Friday, May 17, 2013
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The U.S. Export-Import Bank has authorized an approximately $500 million direct loan to finance the continued development of a Mongolian mine that, upon completion, will generate about 30 percent of the Mongolian GDP. Additionally, Ex-Im Bank's financing will support about 2,000 U.S. jobs across the United States, according to bank estimates derived from Commerce and Labor department data. The Oyu Tolgoi mine, which is located in the South Gobi region about 550 kil...
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| Drewry says container rates at 15-month low |
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Thursday, May 16, 2013
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Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight which launched today. Drewry said its global freight rate index fell 12 percent in April to reach its lowest level since February 2012, when container shipping was still recovering from the last ocean carrier price war. The index, which is a weighted average of freight rates across the 600 trade routes covered by Drewry’s Container Freight Rate Insight, rea...
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| Report: Central America should embrace intermodal |
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Thursday, May 16, 2013
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Governments in Belize, Central America and the Dominican Republic should create an environment that embraces an integrated, intermodal sea-land network, according to a recent report by the Inter-American Development Bank (IDB). A stronger supply-chain network would help push global trade forward and would also encourage trade exchanges between the countries in the region. The two authors of the study, Amar Ramudhin and Don Ratliff, posit that a number of initiative...
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| Postal group signs deal with Amber Road |
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Thursday, May 16, 2013
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The Kahala Posts Group (KPG), an alliance of 10 postal administrations around the world, has signed a deal with the global trade management solutions provider Amber Road aimed at increasing their competitiveness in the international delivery market. KPG member organizations include the Australian Postal Corp., China Post Group, Correos y Telégrafos SAE, Groupe La Poste, Hongkong Post, Japan Post Co., Ltd., Korea Post, Royal Mail Group, Ltd, Singapore Post Limited and the U.S. Po...
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| APL expands partnership with INTTRA |
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Thursday, May 16, 2013
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Under the agreement, INTTRA will support APL’s global e-commerce growth strategy, as well as enhance its global customer service offerings. INTTRA said more than 2 million container orders are initiated on the INTTRA platform each month, with a network of more than 64,000 companies, shipping to and from more than 130 countries. “After two successful years with the INTTRA network, we are ready to expand our relationship,” said Seng Kwee Lim, director of global ...
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| Con-way prepares for HOS rules despite court challenge |
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Thursday, May 16, 2013
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With the impending deadline for the Federal Motor Carrier Service Administration’s new hours-of-service regulations less than two months away, the outcome of the American Trucking Association’s legal challenge against the rule is still not clear. The ATA argued against the HOS change before a three-judge panel in Washington, D.C., on March 15, but unless a ruling comes down before July 1, carriers will nonetheless have to comply with the new law before knowing if it will be str...
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| Hapag-Lloyd announces change in GS1 Service |
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Thursday, May 16, 2013
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Hapag-Lloyd said the rotation of the U.S. Gulf - South America East Coast Loop 1 (GS1) service is being revised. Starting with the voyage of the ship Suape Express (1316N), the GS1 will replace the northbound call of Caucedo, Dominican Republic with Cartagena, Colombia. The first call in Cartagena will be on June 10. The southbound call of Caucedo will continue. The revised GS1 port rotation will be Veracruz, Altamira, Houston, New Orleans, Cauced...
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| Rickmers raising 200 million euros through bond sale |
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Thursday, May 16, 2013
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Rickmers Holding GmbH & Cie. KG, the parent of the Rickmers Group of shipping companies, intends to issue corporate bonds of up to 200 million euros ($258 million). The Hamburg-based shipping company is looking to expand its containership chartering business in the face of declining interest by many traditional banks in the shipping industry and the collapse of the "KG" system of limited partnerships in Germany that were used to finance many ships in the past. &...
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| Bayonne Bridge fix can move forward |
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Thursday, May 16, 2013
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The Coast Guard has completed an environmental assessment of a plan by the Port Authority of New York and New Jersey to increase the clearance or "air draft" beneath the Bayonne Bridge from 151 feet to 215 feet and found no significant impact, meaning a permit can be issued so work can begin on the project. Raising the roadway will allow larger container vessels to traverse the Kill Van Kull to reach terminals in Newark and Elizabeth, N.J. More big ships are expected to ca...
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| DHL to invest 10 million euros in Vietnam |
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Thursday, May 16, 2013
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DHL Supply Chain will invest 10 million euros ($12.9 million) in Vietnam over the next two years, hiring new staff, upgrading current infrastructure and building a new facility in North Vietnam. The integrator began operations in the country in 2001. DHL plans to hire 1,400 new workers in Vietnam, increasing its workforce by 170 percent. This new influx of employees will be added to an employment base that has already expanded by 800 workers in the past there years...
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| Senate approves water infrastructure bill |
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Thursday, May 16, 2013
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The U.S. Senate on Thursday passed a Water Resources Development Act reauthorization bill by a vote of 83 to 14 that sets the stage for Congress to appropriate money for the U.S. Army Corps of Engineers to spend on maintenance of harbors and inland waterways, and for deepening and other water-related projects. Congress has not passed a WRDA law since 2007, which has put a freeze on new projects that industry groups insist are necessary to maintain efficient commerce and trade.&...
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| Alabama port authority's Sheppard, 61, dead |
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Thursday, May 16, 2013
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Mark Ivey Sheppard, vice president for trade and development for the Alabama State Port Authority, died Tuesday at his home following a brief illness. He was 61 years old. "Mark Sheppard’s sudden passing comes as a deep shock to our maritime and international trade community," said James K. Lyons, director and chief executive officer. "We are deeply saddened by Mark’s passing. He was a key member of our team and a good friend." Recruited by the port authority in Feb...
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| April ice slowed limestone trade |
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Thursday, May 16, 2013
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Heavy ice cover on the Great Lakes that stretched well into April slowed resumption of the region's limestone trade, according to the Lake Carriers’ Association. Shipments totaled only 1.8 million tons, a decrease of 28 percent compared to a year ago. Loadings are 21 percent off the month’s 5-year average. Shipments from U.S. ports totaled 1.6 million tons, a decrease of 24 percent compared to a year ago, while loadings at Canadian quarries totaled 247,670 tons...
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| Executive moves |
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Thursday, May 16, 2013
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C.R. England, one of North America's largest trucking companies, has appointed Sam Scott and Tracy Brown as new division presidents. Scott has become president of the National and Regional Divisions, and Brown will assume the role of president of the Dedicated Division. Scott has been with C.R. England since 2003, serving in various capacities at the manager, director and vice president levels in the company. In his most recent position, first as director, then vice...
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| FMC reviews 13 OTI license applications |
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Thursday, May 16, 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 non-vessel-operating common carrier license applications from Feiliks Global Logistics Corp., Jamaica, N.Y. (Ami K. Wey, president); Hye Mi Express U.S.A., Torrance, Calif. (Kil Soo "Ben" Hur, president); and Sea Marine Transport, Huixquilucan, Mexico (Moises L. Sarabia, president). The agency also received an NVO...
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| U.S., South American corn producers form alliance |
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Thursday, May 16, 2013
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The U.S. Grains Council (USGC), along with the National Corn Growers Association (NCGA), MAIZAR, representing Argentinian producers and the maize supply chain, and ABRAMILHO (Brazilian Association of Corn Producers) signed a memorandum of understanding this week to form an alliance of North and South American corn producers to collaborate to address key issues concerning food security, biotechnology, stewardship, trade and producer image. The organizations will operate under th...
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| NTSB: Reduce legal limit to hinder drunk truck drivers |
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Wednesday, May 15, 2013
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After a year-long review of substance-impaired driving in the trucking industry, the National Transportation Safety Board has issued recommendations for reducing the legal alcohol driving limit; ramping up the use of interlock devices; and beefing up penalties for non-compliance. According to a NTSB report, the new legal blood-alcohol limit for drivers should drop from .08 to .05. While the American Trucking Associations commended the progress on these measure...
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| Hambug Süd reports 16% increase in 2012 revenue |
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Wednesday, May 15, 2013
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Hamburg Süd said revenues in 2012 were 4.8 billion euros ($6.17 billion), up 16 percent over 2011. The German liner company said it handled 3.3 million TEUs last year, about 4 percent more than in 2011, which it said was “roughly in line with market growth.” In a press release reviewing 2012, Hamburg Süd said “Europe-America and Far East services contributed in particular to this growth. Pleasing performance was seen, too, in some of the inter-Americ...
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| Hapag-Lloyd reports first quarter loss |
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Wednesday, May 15, 2013
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Hapag-Lloyd had a net loss of 93.6 million euros ($120 million) in the first quarter 2013, an improvement over the net loss of 132.4 million euros recorded in the same period a year earlier. “Liner shipping started 2013 on a higher level than in 2012. However, the competition remains extremely challenging. Rates have come under tangible pressure since April, especially on the important East-West routes, and competition is also becoming tougher on Latin America trades,” said Mic...
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| VPA box growth continues in April |
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Wednesday, May 15, 2013
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The upward trend in cargo volumes at the Port of Virginia continued as the number of TEUs handled in April grew 5.7 percent when compared with the same month last year. In April, the port handled 179,370 TEUs, an increase of 9,726 units compared with April 2012. Export TEUs tallied 96,261 and import TEUs were 83,109, an increase of 6.1 and 5.3 percent, respectively. Year-to-date TEU volume is up 6.1 percent, an increase of almost 40,000 TEUs. Rail containers in Apr...
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| Hapag-Lloyd announces Asia-Europe rate hikes |
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Wednesday, May 15, 2013
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Hapag-Lloyd has announced substantial rate increases and a peak season surcharge in the Asia-Europe trade. They include: $1,000-per-TEU general rate increase on the Far East Westbound trade, effective July 1. This increase applies to shipments from East Asia (excluding Japan) to all North Europe and Mediterranean (excluding South and West Africa) destinations. Implementation of a peak season surcharge on cargo moving from East Asia (excluding Japan) to the Mediterranean of $650...
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| Port of Montreal open to post-Panamax ships |
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Wednesday, May 15, 2013
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The Montreal Port Authority said the Canadian Coast Guard has authorized the passage of vessels up to 44 meters wide in the Quebec-Montreal section of the St. Lawrence navigation channel, which will allow post-Panamax vessels carrying 6,000 TEUs to reach Montreal. Previously, the maximum width of ships allowed to travel in the channel without restrictions was 32.1 meters. The change follows a study commissioned by the port authority and conducted jointly with the C...
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| Cathay sees April cargo decline |
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Wednesday, May 15, 2013
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Cathay Pacific saw cargo activity fall 0.6 percent, year over year, to 123,805 tons in April as capacity ticked up by 1.5 percent. So far this year, cargo tonnage has fallen 1.2 percent on a 3.2-percent capacity rise. The Asian air carrier’s James Woodrow said the cargo market still hasn’t recovered from its “major dip” in April 2011. Two years, he added, is an unprecedented period of cargo malaise. “While our tonnage last month was almost on a p...
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| Liners reshape Asia-South America services |
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Wednesday, May 15, 2013
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A half dozen container shipping lines say they will restructure their services between the Far East and South America east coast. The Chilean carrier CSAV said the changes are being made "in view of continuous challenging trading conditions" in the trade. It said that effective from July, CSAV, China Shipping, CMA CGM, Hamburg Süd, Hanjin and Maersk Line will restructure their services between the Far East and South America East Coast by launching three new joi...
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| LATAM passengers make up for weak cargo results |
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Wednesday, May 15, 2013
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Total revenues at LATAM Airlines inched up 1.5 percent, year over year, to $3.4 billon on the strength of the carrier’s passenger revenues, while cargo revenues fell 3.2 percent during the first quarter. As the group continues putting together the LAN and TAM businesses, it saw operating income shoot up 149.8 percent during the first quarter to $114.2 million as operating margin rose to 3.4 percent. Net income dropped 48.9 percent, year over year, to $42.7 million. ...
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| Yusen Logistics opening new Chicago warehouse |
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Wednesday, May 15, 2013
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Yusen Logistics (Americas) will open a new 229,000-square-foot warehouse in Chicago on May 20 that will employ 170 people. The warehouse will include 185,000 square feet dedicated to distribution and container freight station services, a climate-controlled area of 15,000 square feet, with separate freezer and refrigerated units totaling 3,000 square feet to accommodate the company’s growing perishables customer base. The new facility is located near the cargo entra...
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| Carloads up 7% for Genesee & Wyoming in April |
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Wednesday, May 15, 2013
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Last month, Genesee & Wyoming’s consolidated carloads increased by 7.3 percent, year over year, to 157,700, with the company’s North American activity increasing by 6.4 percent. Analysts at BB&T Capital Markets have anticipated a second-quarter carload result of around 472,000, an estimate which they now consider to be on the conservative side. G&W’s best cargo during April came in the form of petroleum products, which shot up 69.9 percent, year o...
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| Executive moves |
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Wednesday, May 15, 2013
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NYK Line (North America) has appointed Greg Meisenheimer to vice president of North America sales. He started his career at NYK Line (North America) in 1990 as sales manager for Western region sales in the Los Angeles office. He progressed through various management roles until 2002 when he relocated to Hong Kong as NYK’s international sales manager. Upon returning to the Secaucus, N.J. headquarters in 2009, he became director of corporate sales and then senior director of sales...
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| Long Beach issues revised EIR for grain transload facility |
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Tuesday, May 14, 2013
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The Port of Long Beach is recirculating a draft environmental impact statement for a proposed grain export facility at Pier T on Terminal Island. The public is being encouraged to comment on the EIR in writing or at a public hearing scheduled for June 5. The grain transload facility proposed by Total Terminals International would receive railcars with 53-foot domestic containers full of grain and dried distillers grain with solubles, a byproduct of ethanol pro...
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| STB pushes arbitration with new rule |
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Tuesday, May 14, 2013
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The U.S. Surface Transportation Board has adopted a new arbitration program for disputes between shippers and railroads with clear liability limits. Effective June 12, the rule change establishes when the parties would be ordered to participate in mediation. Initially, Class I and II railroads were to be automatically enrolled in the arbitration program unless they specifically opted out of the program by application to the board. Class III rail...
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| NOL halves 1Q liner losses |
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Tuesday, May 14, 2013
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NOL, the Singapore-based parent of liner carrier APL, said Tuesday its first quarter operating losses fell 64 percent to $85 million, compared to the same period in 2012. Operating losses for APL alone fell 59 percent to $101 million, while operating profits from APL Logistics grew 27 percent to $16 million. The NOL Group had a $76 million net profit in the first quarter, a huge improvement over the $254 million it lost in the first quarter of 2012. Li...
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| Box ship sets depth mark in Virginia |
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Tuesday, May 14, 2013
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The Port of Virginia set a record Saturday for handling the heaviest containership on the U.S. East Coast when the MSC Chicago sailed through the 50-foot channel with export cargo at a draft of 49 feet, according to the port authority. Export cargo often consists of grains, waste paper, machinery and other heavy products that typically weigh more than imports of consumer goods, making it difficult for ocean carriers to fully load vessels with full containers in many ports....
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| DHL celebrates modest 1Q increases |
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Tuesday, May 14, 2013
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During the first quarter, DHL increased its revenues by 0.6 percent, year over year, to 13.4 billion euros ($17.4 billion), and before-tax earnings rose by 4 percent to 427 million euros ($553.9 million). Net income increased by 45 percent, year over year, but net profits fell to 498 million euros ($646 million) from a total of 529 million euros ($686.2 million) during the first three months of 2012. Frank Appel, DHL’s chief executive officer, noted these relativel...
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| Matsuda stepping down at MarAd |
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Tuesday, May 14, 2013
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Matsuda David T. Matsuda, head of the Maritime Administration, plans to leave the agency at the end of the month. In a memorandum sent to industry leaders to thank them for their assistance during his tenure, Matsuda said he "recently made the difficult decision to move on from my position at the Maritime Administration later this month." He added: "Taking the helm as acting administrator will be Deputy Administrator Chip Jaenichen. He and the rest of our team are ...
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| Old Dominion predicts 5% tonnage growth in 2Q |
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Tuesday, May 14, 2013
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Old Dominion Freight Line expects daily tonnage to grow by 4.5 percent to 5 percent, year over year, during the second quarter, an affirmation of previous predictions. Revenue per hundredweight, excluding fuel surcharges, should rise by between 1.5 percent and 2 percent in the same time period, the less-than-truckload carrier said. In the first quarter, Old Dominion saw total tonnage rise by 3.5 percent to 1,717 tons on 1.6-percent fewer working days. Revenue per h...
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| Teamsters call YRC's proposed acquisition 'unconscionable' |
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Monday, May 13, 2013
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YRC's proposal to acquire ABF in the middle of union negotiations is "unconscionable," according to James P. Hoffa, general president of the International Brotherhood of Teamsters. The two parties reached a tentative, five-year contract agreement earlier this month after negotiating since early January, but no firm details of the contract have been officially released. According to the Teamsters for a Democratic Union, ABF was looking for a 6.5-percent wage cut and reductions i...
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| SeaIntel: Some Asia-Europe rates have turned negative |
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Monday, May 13, 2013
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SeaIntel Maritime Analysis says some carriers appear to be moving freight in the Asia-Europe trade lane at below the price of fuel. In the most recent issue of its SeaIntel Sunday Spotlight newsletter, the company says it calculated the average bunker adjustment factor for the trade by averaging those of the top 15 carriers. "When subtracting the BAF, which is there to compensate for the fuel costs, the base rate according to the Shanghai Container Freight Index dr...
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| Coyne: Third runway necessary at Heathrow |
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Monday, May 13, 2013
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A third runway at London Heathrow Airport is the only way to prevent a cargo capacity crisis, according to Larry Coyne, CEO of Coyne Airways. In a speech last week in London, Coyne said U.K. logistics firms are vulnerable to losing out on business to companies in mainland Europe if the capacity crunch is not addressed. His speech came in reaction to the push for an airport on Thames Island in London, a proposal that calls for a two-runway airport with rail and seapo...
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| 3 injured by engine room explosion on UASC ship |
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Monday, May 13, 2013
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United Arab Shipping Co. said an explosion Saturday morning in the engine room of its ship Asir, while en route from Suez to Jeddah, injured three officers. The ship is adrift and the company has entered into towage contracts to move it to its destination in Jeddah. Another UASC vessel, Jebel Ali, is providing standby assistance until the towing operations commence. Efforts are continuing to restore power to the ship, which has a capacity of 4101 TEUs, ac...
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| Report: UASC joins China Shipping in big ship service |
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Monday, May 13, 2013
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Lloyd's List reported China Shipping Group Chairman Li Shaode has confirmed the five 18,400-TEU ships his company has ordered will be deployed in a 10-year joint service with United Arab Shipping Co. American Shipper was not able to confirm the report with UASC that it will order ships similar in size to those that China Shipping will acquire from Hyundai Heavy Industries. Strings operating between Asia and North Europe usually consist of 10 similar size ves...
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| Port of Seattle names Beckett deputy CEO |
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Monday, May 13, 2013
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The Port of Seattle promoted Kurt Beckett to deputy chief executive officer with primary responsibility for port infrastructure development and internal operations. The move will allow Tay Yoshitani, the port’s CEO, to focus on business development, attracting new shipping lines and air services to Seattle, and advancing policy issues central to the port’s competitiveness. “We’re facing stiff competition from ports throughout North America,” Yoshitani said in a sta...
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| Congressman calls TWIC cards 'farcical' |
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Monday, May 13, 2013
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Transportation Worker Identification Credentials, or TWIC cards, were described as a “joke” during hearings before the U.S. House of Representative’s Oversight and Government Reform Subcommittee last week. The hearings came as the Government Accountability Office issued a report that said 11 years after initiation of the program the Department of Homeland Security “has not demonstrated how, if at all, TWIC will improve maritime security.” G...
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| CaroTrans starts Baltic/CIS service from New York |
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Monday, May 13, 2013
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Non-vessel-operating common carrier CaroTrans said Monday it is expanding its network into the Baltic and Commonwealth of Independent States (CIS) markets, including services into Russia. The first of what CaroTrans said will be “many future services” is a direct, weekly less-than container load (LCL) and full container load (FCL) export service from New York to Klaipeda port in Lithuania. The first sailing of the service departed New York on April 22 with arr...
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