China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port…
Bernhard Schulte Shipmanagement (BSM) yesterday joined with parent company, Bernhard Schulte, in hosting a reception in Tokyo to engage with the shipping community and recognize the long-standing relationships that have been developed with Japanese partners over a 40 year period…
Swiss Mediterranean Shipping Co. (MSC) has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway. MSC Rail, railway company of MSC, has completed the acquisition of the CP Carga - Logística e Transportes Ferroviários de Mercadorias SA…
2016 marks the 100th anniversary of the Port of Beaumont, a major deepwater port in Southeast Texas. A series of celebrations and public events began October 20th, when the Greater Beaumont Chamber of Commerce presented the port with its Spindletop Award for outstanding corporate citizenship…
Norfolk Southern Railway has announced disappointing financial results, and a cost-cutting plan that could eliminate two thousand jobs over the next four years. Norfolk has assured shareholders that despite weak carload volume and tumbling…
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today released a statement in response to the sheer number of factual errors in the recent report published by the Alliance for Innovation and Infrastructure’s (Aii) – Jones Act: Protectionism v…
Chris Fisher, Port Director & CEO of the Port of Beaumont, announced that John Roby, Director of Corporate Affairs, plans to retire in early February 2016.Roby, 61, joined the port in 1979 after working in the media and advertising in Southeast Texas…
Press release - Record container volumes headlined all-round freight growth at leading French port Marseille Fos in 2015, when total cargo rose 4.1% on the previous year to 81.7 million tonnes. Meanwhile the best ever cruise numbers took passenger throughput to a new peak…
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address…
The Montreal-based Canadian National Railway (CN) reported a higher fourth-quarter profit and raised its dividend, bucking a weak trend among major North American railroads. However, it has given an uncertain but far rosier outlooks for…
Key partners from the four year European Research Project, CORE (Consistently Optimized REsilient Secure Global Supply-Chains), part funded by the EU under the Seventh Framework program, took the opportunity to engage with stakeholders at the…
Florida-based transportation giant CSX Corp. is planning a $272 million intermodal rail terminal in North Carolina serving the Raleigh region that it envisions as a major transportation hub to make the state’s ports more competitive. The…
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, sank to a new record low for the sixth straight session on Tuesday, reports Reuters. The overall index, gauging the cost of shipping dry bulk cargoes including grain…
CMA CGM has announced that a new direct EB call at Shanghai, the first container port in the world, is to be introduced on the rotation of its FAL 1 service ex-North Europe. Starting in Southampton on January 11th, 2016 with m/v CMA CGM KERGUELEN voy…
The index that tracks shipper and freight forwarder confidence in the activity of the U.S.-Europe and Asia-Europe shipping lanes hit its lowest level in December in the index's nearly four-year history, reports Reuters. It has hit by lower…