Container shipping & logistics group Neptune Orient Lines (NOL) publishes it year 2012 financial report.The Group posted a full year net loss of US$419 million, mainly due to a first quarter net loss (before non-recurring items) of US$255 million and one-time charges of US$108 million…
A second container terminal at V.O. Chidambaranar Port at Tuticorin, Tamil Nadu, India to be ready by year-end.The second container terminal will have a handling capacity of six hundred thousand TEUs (20-foot equivalent units) to cater to the needs of export/import traders…
Construction of the new 70-hectare container terminal at Port of Sohar begins shortly, operational in 2014.As part of the expansion deal, container-terminal operator Hutchison Whampoa has signed an agreement for developing the 70-hectare container…
Second SHIPPINGInsight Fleet Optimization Conference Scheduled for October 22-24 in Stamford, Conn. The organizers of the SHIPPINGInsight Conferences have announced that the 2013 Fleet Optimization Conference will take place Oct. 22-24 in Stamford…
Furuno has established training facilities in India and the Philippines through close cooperation with the newly established Moloobhoy Training Center in Mumbai and COMPASS Training Center in the Philippines. The two training centers have…
Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 millionGlobal container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million…
The Maritime Employers Association & the Longshoremen's Union Local 375 sign a new 6 year collective agreement.The Maritime Employers Association and Local 375 CUPE Longshoremen's have just inked a new collective agreement which will allow…
Inchcape Shipping Services (ISS) is advised of a strike by port workers at Maceio port in Brazil on Friday 22nd February from 0700 to 1300 hours. The striking port workers will include stevedores and linesmen, so the port will not be operative during this time…
The Los Angeles Harbor Commission approved a resolution initiating an Environmental Impact Statement/Environmental Impact Report (EIS/EIR) on a proposed berth-improvement project by Yusen Terminals Inc. (YTI). Start of the EIR process…
The National Retail Federation today issued the following statement from Vice President for Supply Chain and Customs Policy Jonathan Gold on the ratification of a contract between the International Longshore and Warehouse Union Local 63 Office…
Admiral Jonathan W. Greenert Stresses Need for Flexible Platform Use in Future Navy. February 21, 2013, Crystal City, VA – The U.S. Navy’s Chief of Naval Operations (CNO) Admiral Jonathan W. Greenert stressed the need for industry and the navy to work closer moving forward…
Kim Pedersen, 47, has been appointed Executive Vice President of Geodis Wilson. Starting March 1st, 2013, he will be heading the global Freight Forwarding division of Geodis. In taking this position he also becomes a member of the group’s executive management…
Gulftainer has recorded a 24% overall increase on trade volumes in 2012 when compared with the previous year.Its Sharjah ports saw the greatest volumes throughout the year, with Khorfakkan Container Terminal seeing growth of 28 per cent on its 2011 figures with a staggering throughput of over 3…
INTTRA release study findings that show 81% of surveyed ocean shippers look to cut costs through e-Invoicing in 2013.The findings were based on a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers…
GAC Bahrain has its commitment to ethical business practices confirmed with certification by TRACE International.TRACE International Inc. is a non-profit membership association that offers practical and cost-effective anti-bribery and anti…