Nagoya's Container Trade Inches Up The number of foreign trade containers handled by the Port of Nagoya in central Japan edged up 0.8 percent in 2012 from a year earlier to 2.492 million 20-foot equivalent units, according to preliminary figures released by the Nagoya municipal government. The Port of Nagoya is Japan's third-largest container port after...
Japan's Trade Deficit Narrows Japan's imports and exports through February 2013; year-over-year change Full-size image Japan narrowed its trade deficit in February, as imports fell and exports rose from the levels seen in January, according to Japan's Ministry of Finance. Japanese imports were valued at 6.1 trillion yen (about US$64.8 billion) in February 2013, up almost 12...
Old Dominion Freight Line Relocates Iowa Service Center Old Dominion Freight Line has relocated its Des Moines Service Center to a facility more than twice the size of its previous center. With 123 doors, the new service center is located on a 32-acre site in Alkeny, Iowa. The facility's service area spans most of central Iowa, including Des Moines, Alkeny,...
PSA International's Kandla Terminal Contract Is Terminated PSA International's bid to expand operations in India suffered yet another setback with the termination of a 30-year concession the Singapore-based terminal operator had shared with its local partner ABG Group for the management of the container terminal at the Port of Kandla, the country's largest cargo handler in terms...
New Indian Short Sea Service Planned Gati Ship and International Shipping Logistics FZE plan to launch a new coastal container service between North India and South India, covering the ports of Kandla, Mundra and Cochin. The ISL-Gati Express Coastal Service is expected to launch by the end of April. ...
Manufacturing Production Grows in China China's manufacturing output showed signs of improvement in March, but some economists predict it may weaken again this month. China's official purchasing managers index rose to 50.9 last month, up from 50.1 in February, with almost all sub-indices showing growth. New orders rebounded to 52.3 in March from 50.1 in February, while...
Dockworker Strike Disrupts Hong Kong Truck Traffic Strikes by dockworkers at Hong Kong's container facilities continued today, further disrupting truck operations to and from facilities in the Kwai Tsing area of the port. The numbers of strike workers have risen since late last week near facilities operated by Hongkong International Terminals, a subsidiary of Hutchinson Port Holdings Trust....
US Imports by Rail From NAFTA Partners Nearly Double Value of Exports U.S. cross-border trade by rail with Canada and Mexico Full-size image The U.S. is exporting a little over half of what it imports by rail from North American Free Trade Agreement partners Mexico and Canada, according to data from the Bureau of Transportation Statistics. The value of U.S. rail exports to the rest...
April 1 Trans-Pacific GRI to Set Stage for Contract Rates Shippers and carriers alike are paying close attention to the results of the general rate increase that liner companies are putting into effect today in the eastbound trans-Pacific trade. The amount of the spot rate increase that carriers are able to nail down this week and keep over the next few...
ABF-Teamsters Talks Head Into 'Overtime' As talks between the Teamsters union and ABF Freight System head into overtime this month, customers are showing the less-than-truckload carrier some loyalty, according to Stifel Nicolaus transportation analyst David G. Ross. But he said LTL shippers need to start drafting contingency plans in case the talks end in a...
MSC to Sell 35 Percent of Terminal Investment MSC to sell 35 percent of its stake in Terminal Investment in mid-2013.Mediterranean Shipping Co. has reached an agreement with Global Infrastructure Partners and a group of its limited partner co-investors to sell 35 percent of its stake in Terminal Investment Limited SA. The sale is under consideration for $1.929 billion,...
Former US Trade Representative Kirk Joins Law Firm Ron Kirk, who served as the U.S. Trade Representative in the Obama administration until February 2013, has joined Gibson, Dunn & Crutcher as senior of counsel. Kirk will be resident in the law firm's Dallas and Washington, D.C., offices and will focus on providing strategic advice to companies with global interests. As...
DB Schenker Adds Warehouse Capacity in Ukraine DB Schenker Logistics has leased additional capacity in a new multi-customer warehouse in Ukraine in order to expand its service portfolio in the country. The facility is located in Belogorodka in the Amtel terminal. The logistics center offers a total area of 45,000 square meters (about 484,376 square feet), including parking...
Maersk Line to Simplify Local Surcharges in May Maersk Line plans to simplify its local surcharges, starting May 1, 2013. It is the second phase of Maersk's surcharge simplification project, following the simplification of freight surcharges in January, which affected basic ocean freight, bunker surcharges and emergency surcharges. The second phase will deal with origin and destination handling charges, export and...
Hellmann Worldwide Logistics Joins Sustainable Apparel Coalition Hellmann Worldwide Logistics has joined the Sustainable Apparel Coalition. It is the first logistics provider to join the industry group of more than 80 apparel and footwear brands, retailers, suppliers, nonprofits and non-government organizations working to reduce the environmental and social impacts of apparel and footwear products. Germany-based Hellmann Worldwide Logistics will...
West Coast Ports Putting Focus on Infrastructure West Coast ports are preparing strategically for the new normal. Gone are the days of 10 percent annual growth in container volumes. A new era of 3 to 5 percent annual growth is here, and ports throughout the U.S. are competing fiercely for their share of this modest growth. The ports...
APL's Intra-Asia, Asia-Europe Rates to Rise This Month APL has announced several rate increases in April: From South Korea to India, the hike will be $100 per 20-foot dry, flat-rack, open-top and tank container; $200 40-foot dry, dry high-cube, flat-rack, open-top and tank container; and $255 per 45-foot dry container, effective April 1. From the Philippines to the Middle East...
FedEx Express Expands Domestic Delivery Service in Europe FedEx Express has launched FedEx Priority Overnight in Belgium, France, Germany, Italy, Luxembourg, Denmark and the Netherlands. The new time-definite domestic delivery service offers a transit time of one business day in Belgium for all envelopes and packages weighing up to 68 kilograms (about 150 pounds). This latest service expansion builds on...
West Coast Growth Lags East and Gulf Coast Ports U.S. West Coast ports handled 13.1 million 20-foot-equivalent units or 67.5 percent of the 19.4 million TEUs in U.S. containerized cargo trade with Asian countries in 2012, a decline of 0.3 percent year-over-year and just 0.5 percent above the pre-recession year of 2008. It's a stark contrast to the East Coast,...
NAT unveils offering Nordic American Tankers has turned to Wall Street for the cash it needs to fund fleet expansion.
Golden Ocean inks 'eco' duo Golden Ocean has firmed up a contract to construct a pair of supramax bulkers at Japan Marine United.
Heidmar bags $85m boost US tanker operator Heidmar has secured an $85m credit facility backed by Macquarie Bank.
JP Morgan downs DSX An equity analyst at JP Morgan is urging investors to cash in shares of Greek bulker owner Diana Shipping amid concerns about ongoing freight rate volatility.
Seglem goes for more Trygve Seglem's Knot Offshore Partners (KNOT) has raised the stakes in its push for a US listing and is now looking to harvest almost $180m from its IPO.
Greek doubles up Efshipping of Greece has picked up its second panamax bulker in under one month.
Gulf Nav in eco fight Gulf Navigation is still fighting to upgrade a pair of newbuildings to modern economical designs.
Cruise capers A list of complaints from cruise holiday makers has proved beyond doubt true stuff is the funniest.
Fire hits capesize An engine room fire has struck a Tai Chong Cheang capesize off the Danish coast.
Evergreen changes colour A strong second half showing lifted Evergreen Marine back into the black in 2012.
MOL booster a bad sign Mitsui OSK Lines' second major cash injection into struggling Daiichi Chuo Kisen Kaisha this year suggests a recovery in shipping is not yet in sight, according to a leading credit agency.
STX PO pummelled STX Pan Ocean took a kicking on the stock exchange today after its debt-laden parent failed to attract a buyer for the company.
Goodwill bad for Gulf Nav Gulf Navigation slipped deeper into the red in 2012 as a battered tanker market continued to blight its balance sheet.
ABP in biomass push Associated British Ports (ABP) is to invest £100m ($150m) at three UK ports as part of a long-term deal to import biomass.
Rice cargo warning The London P&I Club has warned hard pressed owners about the risks of getting involved in shipping bagged rice cargoes.
Contracts boost Conrad Conrad Industries has been boosted by a series of newbuilding orders as it reports an increase in fourth quarter profits.
Cordero takes helm at FMC from Lidinsky The agency announced Saturday that Richard A. Lidinsky Jr. has resigned as chairman and Commissioner Mario Cordero of Long Beach, Calif., who joined the FMC in June 2011, will take his place, starting April 1.
SAI buys food safety specialist
ABF, union operate on 30-day contract extension According to reports posted on the Teamsters' Website, the most recent proposal the less-than-truckload carrier brought to the union contained a 15-percent wage cut. The union rejected that proposal. Negotiations are to resume April 8.
Analyst: Spot rate stability harmful to truck brokers
Sen. Graham envisions $20 billion fund for ports, inland waterways In proposed legislation, the senator seeks a "merit-based" system for funding port infrastructure. "This bill changes the way we deepen ports and it sets aside money to make sure there will be money there available to us," he said.
Agility says profit rose 27% in 2012
Old Dominion doubles size of Des Moines operation
UPS cuts deal on federal probe of online pharmacies The Atlanta-based global express delivery company has fully cooperated with the investigation and will now implement a compliance program to prevent illegal online pharmacies from using its services.
UAE-based bunker barge owner 'on track' Firm plans to expand fleet but finding finance to fund new building could be 'a challenge'.
Scrubbers cheaper in long run, says Wartsila 'LNG is not such a good option.'
Hong Kong releases local air management plan for vessels Moves include the introduction of onshore power at a cruise terminal and a push towards lower sulphur distillates in the bunker supply pool
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