Logistics News


Several Car Shippers Face Fines for Rigging Bids

Feb 12, 2018

EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter…

Evergreen Charters Twelve 11,000 TEU Newbuilds

Feb 12, 2018

Evergreen Marine Corp. (EMC) entered into an agreement with Shoei Kisen Kaisha to charter twelve 11,000 TEU class containerships. The charter parties were signed by EMC Chairman Anchor Chang and President of Shoei Kisen Kaisha Yukito Higaki…

Ukraine's Grain Export Forecast Unchanged

Feb 12, 2018

The Ukrainian agriculture ministry sees 2017/18 grain exports at up to 41 million tonnes, acting minister Maksim Martyniuk said on Monday. 'For now we keep the forecast unchanged at 40-41 million tonnes. Potentially in the future we could lower the export estimate slightly to 40 million tonnes…

Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE

Feb 09, 2018

Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America. Previously, HMM operated three Asia-west coast of South America services with MSC…

Ships Queue as Truck Strike Slows Argentina Grain Exports

Feb 09, 2018

Some 93 cargo ships were waiting to load soy and corn from Argentina's main exporting hub of Rosario on Friday, more than a week into a truck owners strike, the spokesman for an industry group said. That was up from just over 60 on Thursday…

New Program Improves Used-vehicle Export Process

Feb 09, 2018

A pilot Vehicle Validation Export Process Program that kicked off in Florida  earlier this month allows shippers to submit original vehicle export documentation electronically instead of delivering physical copies to a local customs trade office…

Capesize Rally Boosts Baltic Index by Nearly 2%

Feb 09, 2018

The Baltic Exchange's main sea freight index on Friday marked its best day in over two weeks, led by stronger demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…

NY/NJ Cross Harbor Freight Program Enters Second Review Phase

Feb 09, 2018

The Port Authority of New York & New Jersey  awarded a $23.7 million agreement to Cross Harbor Partners, a joint venture of STV Incorporated/AKRF Inc., to undertake the Tier II Environmental Impact Statement for the Cross Harbor Freight Program at the port…

Jordan Issues New Tender to Buy Barley

Feb 08, 2018

Jordan's main state grain buyer, the trade ministry, has issued another international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, European traders said.Tender deadline is Feb. 14 and shipment…

Carisbrooke, Marlink Extend Partnership

Feb 08, 2018

Marlink Group company Telemar has been chosen to provide bridge system repair and maintenance services to Carisbrooke Shipping. The new contract further combines Marlink Group capabilities to enhance Carisbrooke Shipping’s operational efficiency and continuity…

India's Major Ports See 4.58% Cargo Traffic Growth

Feb 07, 2018

Major ports in India have recorded a cargo traffic growth of 4.58 percent and together handled 560.97 million tonnes (MT) of merchandise during the period April 2017 to January 2018, as against 536.41 MT handled during the corresponding period of previous year…

Pacific International Lines Start Service in Far East - Red Sea Routes

Feb 07, 2018

Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018…

CMA CGM Introduces REEFLEX for Transportation of Liquids

Feb 07, 2018

CMA CGM has launched the most advanced solution for the transportation of liquids by controlled temperature: REEFLEX - an ideal alternative to break bulk for the transportation of liquids which optimally preserves the product’s properties. Developed in partnership with Teconja…

Argentine Truckers Strike Affects Grains Shipping

Feb 07, 2018

A strike by Argentine truck owners aimed at forcing an increase in hauling rates has halted grains unloading at some of the country's terminals, Guillermo Wade, manager of the Chamber of Port and Maritime Activities, said on Wednesday. Argentina…

Panama Canal Expects LNG Tanker Traffic to Rise 50%

Feb 07, 2018

The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016…

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