Logistics News

 

Long Beach Weighs Offer for Hanjin Terminal

Dec 21, 2016

The Long Beach Board of Harbor Commissioners will consider a proposal by a terminal investor to take over a majority stake in a long-term lease to operate the largest container terminal in the Port of Long Beach. If approved, the pact could…

UN Port Data Project Gathering Steam

Dec 21, 2016

The United Nations Conference on Trade and Development's (UNCTAD) port data project is gaining momentum, with 13 new ports signing on in November 2016. This brings the total to 42 participating ports from Africa, Asia, Latin America and Europe…

Scandlines’ Deploys New Ferry

Dec 21, 2016

On Wednesday 21 December 2016, Scandlines’ second new hybrid ferry for the Rostock-Gedser route, M/V Copenhagen, will carry passengers for the first time when it departs from Gedser towards Rostock at 09:00.Scandlines new hybrid ferry was…

TTS Worldwide is OL USA

Dec 21, 2016

OL International Holdings LLC (OL International) today announced the renaming and rebranding of TTS Worldwide as OL USA. Effective February 1st, 2017, the change is the latest and most symbolic development in an aggressive, multi-year strategic…

CMA CGM PAD Service to Add a Direct Call at Brisbane

Dec 20, 2016

CMA CGM has informed that Brisbane, Australia, will be added to the rotation of its PANAMA DIRECT (PAD) service as from m/v HARMONY N voy. 081RPS-082RPN, ETA Brisbane on February 1st, 2017. This new call will allow PANAMA DIRECT to become…

The Shipping Markets In 2016

Dec 20, 2016

In 2016, market conditions in most shipping sectors have been highly challenging, says a report by Clyde & Co, global law firm. The ClarkSea Index, an average of earnings for the main commercial vessel types, reached a record monthly low in August…

Shippers’ Confidence at 15-month High -Survey

Dec 20, 2016

Shipping confidence improved for the third successive quarter in the three months to end-November 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.  In November 2016…

New 30-year Master Plan for Port NY/NJ

Dec 20, 2016

A new long-term port master plan for the Port Authority of New York New Jersey (PANYNJ) is being developed by Hatch, for the development of the infrastructure hub’s 3,000-plus acres of cargo-related property, including all all PANYNJ port facilities…

Moody's Downgrades Maersk's Credit Rating

Dec 20, 2016

Moody's downgraded A.P. Moller-Maersk's credit rating on Tuesday, piling pressure on the world's biggest container shipper as it juggles a major restructuring with a multi-billion dollar acquisition of a German rival. Moody's said the downgrade…

Chen Named General Manager of WHSS China

Dec 20, 2016

Wilhelmsen Ships Service announced that Michael Chen has accepted the role as General Manager for Wilhelmsen Huayang Ships Services China (WHSS). Based in Shanghai, Chen takes up the role immediately, replacing Captain Bi Yuping, who leaves the company after a decade…

Great Lakes/Seaway Iron Ore Trade Up in November

Dec 20, 2016

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.5 million tons in November, an increase of 13 percent compared to a year ago, Lake Carriers’ Association (LCA) reported. Shipments were also slightly ahead of the month’s five-year average…

“K” Line Launches China Vietnam Indonesia Service

Dec 20, 2016

KAWASAKI KISEN KAISHA, LTD. (“K” Line) has  announced its new containership service of “China Saigon Indonesia Services (CSI)”.  The service will have direct port coverage from China to Ho Chi Minh, Vietnam and Indonesia, ensuring faster transit times to Ho Chi Minh…

Royal HaskoningDHV Appoints Two Corporate Directors

Dec 20, 2016

Royal HaskoningDHV appoints two new leaders at Corporate level for Finance & Control and Global HR Services: Jasper de Wit has been named Corporate Director Finance & Control per January 1, 2017, and Abhishek Kaushal has been appointed to lead Global HR Services per December 12…

COSCO, HPH Terminal Deal in Hong Kong

Dec 19, 2016

Hongkong International Terminals Limited (HIT), COSCO-HIT Terminals (Hong Kong) Limited (CHT), and Asia Container Terminals Limited (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4…

ZIM Announces Upgraded Lines Structure

Dec 19, 2016

In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing…

Logistics News

Venezuela Authorizes Two Unsanctioned VLCCs to Depart

Venezuela Authorizes Two Unsanctioned VLCCs to Depart

Federal Maritime Commission Recognizes National Shipper Advisory Committee Members

Federal Maritime Commission Recognizes National Shipper Advisory Committee Members

Julia Fisher-Cormier Selected as Executive Director of Port of South Louisiana

Julia Fisher-Cormier Selected as Executive Director of Port of South Louisiana

Kuwait to Sign $4b Mubarak Al-Kabeer Port Infrastructure Contract

Kuwait to Sign $4b Mubarak Al-Kabeer Port Infrastructure Contract

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Sources say that Mexican airlines Volaris & Viva Aerobus are nearing a merger agreement
FedEx reports higher quarterly results and raises the low end of its full-year profit estimate
Three sources claim that Russia has ordered Russian Railways (RRU) to sell the $2.4 billion Moscow Towers in order to pay its debts