TSA targets westbound container rates LINERS said today they will seek westbound trans-Pacific increases of up to $200 per feu by 15 November for certain commodities
Euronav, still reeling, sounds 'eco' ship alert ANTWERP tanker group Euronav warned fellow operators today against investing in 'eco' ships and blamed a continuing capacity glut for 3Q13 losses of $27.14M
Excel returns to operating profits GABRIEL Panayotides-led Excel Maritime has posted its first monthly operating profits since filing for Chapter 11 bankruptcy protection, a new court filing has revealed
Dar es Salaam goes 24-7 TANZANIA'S Dar es Salaam port is taking steps to clear cargo faster, the government said
China coal imports rise 38% CHINESE customs said today coal imports rose 38% year-on-year to 25.7M tonnes in September
TSA seeks box rate rise LINERS in the Asia/US trades said they are again seeking higher rates to help cover rising costs
Ex-VINALINES chairman again accused DUONG Chi Dong, the former chairman of VINALINES, has been newly accused by Vietnam's government
Oz identifies ID scam AUSTRALIAN authorities issued an alert today after uncovering a maritime security card and employment scam in the cruise sector
Cebu disaster inquiry points to human error A PHILIPPINES Maritime Industry Authority inquiry has found that human error might have caused the fatal Cebu collision
STX seeks lower payments on bonds STX CORP has met holders of maturing corporate bonds and warranted bonds to discuss debt restructuring proposals
Port Everglades to Get More Expansion Funds Florida's Port EvergladesFlorida Gov. Rick Scott pledged that he would ask the Florida legislature to include $14.7 million in funding for Port Everglades' Southport Turning Notch project. The new funds, which will bring the amount committed to the project to $71.4 million, will enable the port to more than double the...
Federal Court Issues Injunction Against ILWU Pickets of Barge Line A U.S. district court in Oregon on Oct. 15 issued a preliminary injunction intended to prevent the International Longshore and Warehouse Union from picketing a barge company that shuttles grain on the Snake and Columbia rivers to the Marubeni-Columbia Grain elevator in Portland. Judge Ann Aiken stated that the ILWU demonstrations,...
Asia Leads Charge in Infrastructure Trade China and India are tipped to overtake the U.S. as the lead importers of goods tied to infrastructure projects by the end of this decade, according to a new trade forecast by analysts at HSBC. The trade forecast also showed that total trade linked to infrastructure will triple by 2030,...
HSBC Survey Predicts US Exports Will Rise HSBC said top growth sectors for U.S. exports will include industrial machinery and transport equipment.U.S. business leaders expect export volumes to rise in the second half of 2013, as global economic conditions improve and demand for infrastructure goods rises, according to a survey by HSBC North America. HSBC said its trade...
JOC Honors APM Terminals Yokohama for Port Productivity JOC CEO Gavin Carter and Steen Knudsen, regional chief operating officer for the Asia-Pacific at APM Terminals. Photo: Rhiannon James.SHENZHEN, China - JOC Group Inc., parent company of The Journal of Commerce and joc.com, on Wednesday recognized APM Terminals Yokohama as the world's most productive terminal for 2012. Gavin Carter, CEO...
Alibaba.com Partners with The JOC to Bring More High-value Content to Its Community of Buyers Hangzhou, September 24, 2013 - Alibaba.com (www.alibaba.com), the leading global e-commerce platform for small businesses, this month sealed a partnership with JOC Group, Inc. to introduce the latter's proprietary logistics and global trade-related content in the "Trade Intelligence" section of the Alibaba.com Buyer Community. Headquartered in the US, The JOC is...
TSA Westbound to Hike US-Asia Rates as Peak Season Approaches Shipping lines that carry U.S. exports to Asia intend to increase their freight rates by $100 to $200 per-40-foot container unit on certain cargoes effective Nov. 15. Weekly rate changes for shipments from Los Angeles to Shanghai since October 2012. Full-size image TSA Westbound members are recommending a Nov. 15 increase in rates...
Inside the Box Terminal The Journal of Commerce reports on the expansion and modernization of Global Terminal in the Port of New York and New Jersey. Richard Ceci, the project manager, describes the challenges of undertaking a major construction project amid operations at a busy container terminal. Be sure to bookmark Global's Amazing Race for...
Maersk Line Limited's Reinhart to Retire John F. Reinhart, Maersk Line Limited's president and CEO, will retire next year.John F. Reinhart will retire as president and CEO of Maersk Line Limited at the end of January 2014. "I have been blessed to be part of the A.P. Moller-Maersk Group for almost 23 years, and it has been...
India's Imports Fell Steeply in September India's imports and exports through September 2013; year-over-year change Full-size image The value of India's imports fell 18.1 percent year-over-year in September 2013, according to India's Ministry of Commerce. Import value fell to its lowest level since March 2011. The trade deficit shrank more than 60 percent from last September to $6.8...
Marten Transport Posts Record Profit in Third Quarter Marten Transport reported its net income in the third quarter of 2013 was a record $8.0 million, jumping 22.4 percent year-over-year from $6.5 million. "We are pleased to announce our highest net income for any quarter in our history, as well as our 14th consecutive year-over-year increase in quarterly profitability," said...
A Shipper Goes Into Logistics Leggett & Platt, the sprawling manufacturing and consumer products company, had little idea of what it was getting into when it hired Maik Breckwoldt out of the automotive industry in 2005 as its vice president for logistics. Theoretically, there was much to gain for a multibillion-dollar global company that had grown...
Notre Dame and Stay Metrics® prepare to launch multi-year research study Driver retention company Stay Metrics® is collaborating with two senior faculty members at the University of Notre Dame's Mendoza College of Business on a study of turnover in the trucking industry. Professors Mike Crant and Tim Judge of Notre Dame have a combined 50 years of experience teaching and studying...
New Port Authority commissioner sworn in at today's monthly meeting TAMPA, Fla.- The Tampa Port Authority (TPA) is pleased to announce the swearing in today of its newest port commissioner, Tampa attorney John B. Grandoff III, appointed by Governor Rick Scott. Grandoff rounds out the seven port commissioners who serve the port authority in staggered terms. Five are appointed by...
Park City Group to Move Trading to NASDAQ Capital Market SALT LAKE CITY, Oct. 15, 2013 (GLOBE NEWSWIRE) -- Park City Group (NYSE MKT:PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that the Company will move trading in its shares from the NYSE MKT, formerly the American Stock Exchange, to the NASDAQ Capital Market. The company expects...
American Fast Freight, Inc. promotes Ron Moore to Sales Manager of Alaska American Fast Freight, Inc. has strengthened its core management team by promoting Ron Moore as our new company Sales Manager for the state of Alaska. Prior to becoming the Sales Manager of Alaska, Moore was a Transportation Consultant with American Fast Freight, Inc. Moore was born and raised in Wasilla, Alaska and...
ILA Strike Closes Baltimore Port The Port of Baltimore was closed today when International Longshoremen's Association members went on strike after voting down a proposed local contract with the Steamship Trade Association of Baltimore. Cargo operations at the port were halted, and terminals were closed to truck traffic. The strike was limited to Baltimore. Other East...
MSC Schedules India-Europe Rate Hike Mediterranean Shipping Co. aims to increase rates in its westbound trade from India to North Europe and the Mediterranean, starting Nov. 4. The planned hike for all cargo will be $200 per 20-foot container and $400 per 40-foot container. "In order to maintain the high level of reliability and efficiency of our...
Moody's Hikes CMA CGM's Credit Ratings CMA CGM Marco Polo in Hong Kong. ' CMA CGM.Moody's Investors Service upgraded CMA CGM's corporate rating to B2 from B3, citing the French ocean carrier's return to a more stable operating and financial profile. CMA CGM's liquidity position was strengthened by the $528 million sale of a 49 percent stake...
DHL, BP Sign Five-Year Freight Forwarding Deal DHL has signed a new, five-year agreement to provide global freight management and forwarding services for BP, the London-based oil and gas company. DHL will provide the freight management operations for BP's oil and gas exploration and production business, and DHL Global Forwarding will provide inbound freight forwarding services to support...
DLPG explores 'options' Dorian LPG of the US may return to the capital markets for the funds it needs to finance newbuildings and pursue fleet expansion, according to chairman John Hadjipateras.
Grain drain A labour dispute between Canada's largest railway and union workers is fuelling renewed concerns about the near-term future of freight rates in the region.
Reinhart to retire The chief executive of Maersk Line Limited (MLL) is getting ready to retire after holding the helm for over a decade.
Color Line gets retro-fit Finland's Wartsila has won a deal to retro-fit open-loop scrubbers on to three Color Line ro-paxes.
Pirates back in action? A recent attack on a Sinochem VLCC off Somalia could herald the return of pirates to work after the monsoon season, a maritime intelligence firm says.
Ognibene to lead Chief operating office Ben Ognibene has been chosen as the new leader of Connecticut pools power Heidmar Inc following the sudden death of Marc La Monte during a business trip this week.
CIT eyes tonnage New York-listed CIT Group is teaming up with RS Platou Finans to expand into the vessel-leasing sector.
Suezmaxes power EURN Euronav managed to confound expectations in the third quarter thanks to some "very lucrative" suezmax voyages in September, according to an equity analyst.
Too much, too soon The huge availability of shipbuilding capacity and the rush by owners to order fuel-efficient eco-ships will continue to hamper a market recovery in some segments, say leading shipping figures.
Grimaldi takes chair It's musical chairs at the Italian shipowners association.
Clearnet doubles up London FFA clearing house LCH.Clearnet has seen freight volumes more than double in September as Chinese iron ore imports rose.
US key for Hsieh Evergreen's Bronson Hsieh is expecting a big boost to US exports as China's costs rise.
Cosco wins QE2 race Cosco Shipyard has won the race to convert the QE2 into a luxury five-star hotel, beating three other Chinese yards to the prestigious contract.
Into Africa Growing African demand for petrol could help take up transatlantic slack in the products tanker market.
Money and the mistress The former chairman of Vinalines stands accused of using state cash to buy luxury flats for his mistress.
Apache keeps Blue ships Ulstein Verft-owned Blue Ship Invest has signed one-year extensions for two of its platform supply vessel (PSV) newbuildings.
Nine dead in sinking Captain among those killed after China's Cheng Lu 15 smashed against breakwater in storm off South Korea.
Sanfu scoops boxships China's Taizhou Sanfu Ship Engineering has won a big order for new containerships from a compatriot owner.
Loss to fall at Phoenix Troubled Chinese bulker owner CSC Phoenix is expecting to lower its loss in the first nine months of 2013.
Fesco eyes Olympic gold Russian container line Fesco hopes to cash in on Winter Olympics demand with its new boxship run.
TBS returns to demo TBS International, the privately-owned shipowner, is reported to have sold another of its elderly bulkers for demolition.
CMA CGM upgraded Moody's has upgraded its rating of CMA CGM following recent corporate activities that have boosted its finances.
Traf takes Sudeste stake Trafigura has completed its acquisition of a majority stake in Eike Batista Sudeste Superport in Brazil.
RIG back at Daewoo Transocean has returned to Daewoo Shipbuilding and Marine Engineering for a seventh drillship newbuilding.
Captain Phillips: First look In 2009 the US-flagged containership Maersk Alabama was hijacked by Somali pirates in the Gulf of Aden.
Independent driver decline impacts excess truck capacity, analysts say
TSA carriers announce rate hike "It makes no sense for rates to be at current levels, and it threatens the ability of individual carriers to maintain service levels heading into 2014," said Brian Conrad, the Transpacific Stabilization Agreement's executive administrator.
Maersk Line Ltd.'s CEO Reinhart to retire John F. Reinhart, the long-time head of the Norfolk, Na.-based U.S.-flag vessel arm of Denmark's A.P. Moller-Maersk Group, will continue to lead the company until his departure at the end of January 2014.
FedEx to spend $3.8 billion on share buyback program According to a William Blair analysis, Wednesday's stock price valued the 32 million shares at $3.84 billion, making each share worth $120. FedEx reported $5.1 billion in cash at the end of its fiscal first quarter.
Earnings up for CSX in third quarter
L.A. container volumes behind 2012 pace
3Q intermodal increase lifts J.B. Hunt
Modest transport industry growth seen for rest of 2013
CBP's Trade Symposium falls victim to government shutdown U.S. Customs and Border Protection announced Tuesday it has postponed its annual Trade Symposium, scheduled to take place Oct. 24-25 in Washington, because of the two-week long government shutdown.
Analyst warns P3, general overcapacity could spark rate war
FESCO service includes Sochi, site of 2014 Winter Olympics
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