Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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Members of the House Subcommittee on Coast Guard and Maritime Transportation say the law, which provides ocean carriers with limited antitrust immunity, is not up to date with the operational realities of today's liner industry.
North America’s largest provider of outsourced container freight station services has acquired Dicom Transportation Group’s Extra Express division for an undisclosed amount, according to a statement from majority owner Wind Point Partners.
UPS names president of growth and emerging markets, while “K" Line appoints senior executive officer, CargoLogicAir hires chief financial officer and technical director, and Great Lakes Dredge & Dock names new chief executive officer.