Economic sanctions, imposed by national and international governments for a variety of political reasons, can be snare traps for unsuspecting maritime enterprises. For the maritime industry, port calls in any nation against which sanctions have been imposed should be undertaken with caution…
Panama Canal expansion will bring higher volumes, larger vessels, new trading patterns, trends analysed in a new report.As the completion of the Panama Canal expansion nears, a number of concerns have surfaced regarding the ability of U.S…
As costs of bunker fuel, logistics and M&R continue to rise to record levels and to close the gap between breakeven and market rates, CMA CGM has decided to file a Rate Restoration Initiative (RRI) for reefer containers from the United States to Asia…
Port of Los Angeles Container Volumes Increase 5.5% in May; 731,352 TEUs Reflect Busiest May in Port History; The Port of Los Angeles has released its May 2012 cargo volumes. Imports increased by 2.7 percent, from 360,969 Twenty-Foot Equivalent (TEU) containers in May 2011 to 370…
After opening offices in Germany, Jordan, Vietnam and Malaysia, the turn has now come to the USA for a new CCLog office.CMA CGM Logistics (CCLog), a subsidiary of CMA CGM Group, dedicated to the development of integrated logistics solutions…
Troy Container Line announced it will open a new container freight station on June 1, 2012 in Savannah, Georgia. Located just eight miles from the Port of Savannah, the new CFS location is strategically placed between Charleston and Miami…
Omega Morgan, one of the West Coast’s leading heavy equipment transport companies, has named John McCalla CEO/President. McCalla comes to Omega Morgan from Warn Industries, also located in Portland. McCalla began his career as a project engineer at General Motors and then joined Warn Industries…
iCargo, the pan-European cargo and logistics project part funded by the EU, has formally launched its three and a half year framework program. The project, formally titled “Intelligent Cargo in Efficient and Sustainable Global Logistics Operations” includes research…
Panama Canal proposes tolls adjustments and creates new market segments to reflect real value of the route and better serve its customers.New market segments by vessel type are created and consultation period with interested parties begins.The…
World’s largest online database for cargo transportation goes live. BMT De Beer, a subsidiary of BMT Group Ltd, has launched CargoHandbook.com (www.cargohandbook.com), the world’s largest online database for cargo transportation in the marine industry…
Group Will Develop Recommendations to Increase Trade Opportunities and Business Investment in Illinois.Governor Pat Quinn today convened the first meeting of the Illinois Export Advisory Council. As part of Governor Quinn’s commitment to strengthen the Illinois economy and create jobs…
Alliance extends geographic reach for both companies and completes Port Logistics Group's national footprint. Port Logistics Group, the nation's leading provider of gateway logistics services, and Coastal Logistics Group, Inc. (CLG), a leading Southeast logistics provider…
Saltchuk Resources has promoted Anthony Chiarello, to president & CEO of TOTE, Inc. TOTE, Inc. is the largest of six operating groups owned by Seattle-based Saltchuk Resources, Inc., and includes five companies organized in maritime, logistics and ship management lines of business…
ABS Nautical Systems has signed two new contracts in Greece with Millenia Maritime Inc. and TMS Tankers Ltd. Both companies will benefit from the ABS Newbuild Program which offers free software to ABS-classed vessels built after 1 January 2009…
Major boost for swaps liquidity as WCI backhaul routes are listed for clearing. Introduction of clearing for new Europe-Asia routes will bring significant additional trading potential to container derivatives market. The World Container…