Latest news

Le Fonds stratégique d’investissement has closed its $150 million investment in CMA CGM Group through mandatory convertible bonds.

IAG Cargo has started offering Capacity Guarantee to customers moving smaller shipments on its Prioritise service, designed for express cargo shipments.

The Greenbrier Companies reported net earnings, excluding a non-cash goodwill impairment charge, were $15.7 million in the third quarter of fiscal year 2013, ending May 31, 2013...

Captain Wei Jiafu, one of the most prominent maritime industry leaders over the past decade, has stepped down as chairman of the board of China Ocean Shipping (Group) Co.

Mitsui O.S.K. Lines reported that during the ongoing salvage operation of the MOL Comfort, which snapped in half on June 17 during inclement weather in the Indian Ocean...

The Chennai Port Trust has cancelled a global tender to build and operate its long-planned container terminal project, dealing a serious blow to India’s port privatization program.

Buoyed by positive reports on consumer confidence and spending, shipping lines that carry containerized imports from Asia announced today they plan to implement a peak-season surcharge of $400 per 40-foot container to all U.S. destinations effective Aug. 1.

TOTE Logistics has named John Armstrong as vice president of logistics and Gene Carlson as vice president of trucking operations for its subsidiary Carlile Transportation Systems.

Singapore Airlines Cargo has appointed Lik Hsin Lee its new president, effective Aug. 1, 2013.

A U.S. Army Corps of Engineers report on the proposed deepening of Florida’s Port Everglades has said the project would improve safety and lessen delays...

CenterPoint Properties has purchased six buildings, occupied by Exel Logistics, in Houston, for $42.6 million.

The European Union said all ships of more than 5,000 gross tons calling at its ports would have to measure and report their annual carbon dioxide emissions beginning in 2018.

Konecranes has received a $56 million order from the Port of Houston Authority for four super-post-Panamax ship-to-shore cranes and three rubber-tire gantry cranes.

Maher Terminals has diverted three more ships from its terminal at the Port of New York and New Jersey to other marine terminals at Port Elizabeth, N.J., to be discharged.

South Africa’s trade deficit in May was 11.03 billion South African rands (about US$1.11 billion), improving from a deficit of $1.61 billion in April.

Starting July 1, truck drivers and motor carriers must comply with new federal regulations that are likely to cut the number of hours many drivers spend behind the wheel each day and week or risk high fines and civil penalties.

The planned alliance between Maersk Line, Mediterranean Shipping Co. and CMA CGM poses a major challenge for ports and container terminals in Europe, the U.S. and Asia serving the carriers’ pooled network of 255 ships on 29 service loops, according to shipping consultant Drewry.

Cargo from Asia to the Mediterranean rose 10 percent in April, jumping from a monthly average of 366,000 20-foot-equivalent units in the first quarter of 2013 to 401,000 TEUs...

European Union exports to South Korea have “grown strongly” in 2012, which is the second year of the EU-South Korea Free Trade Agreement, according to the European Commission.

Croatia today became the 28th member of the European Union, following a 10-year period of negotiations.

Newly appointed Federal Maritime Commission Chairman Mario Cordero spoke with The Journal of Commerce, explaining how he envisions the agency potentially overhauling ocean transportation intermediary rules, promoting exports and assisting port authorities.

TCV Stevedoring Co., a Grup TCB subsidiary that moves goods at the Levante and Llovera docks in the Port of Valencia in Spain, has received its fourth super-post-Panamax crane...

UPS and the International Brotherhood of Teamsters extended their existing contract and supplements as they prepare for talks over several supplements rejected by union members.

CMA CGM has reorganized CMA CGM America, the U.S. agent of the CMA CGM Group, headquartered in Norfolk, Va., in conjunction with the departure of Frank Baragona, chairman of CMA CGM America.

The Tampa Port Authority has applauded the Foreign Trade Zones Board for its decision to approve Foreign Trade Zone No. 79 to administratively restructure and expand their service area to include the Hillsborough and Polk counties.

Sea Star Line has taken delivery of 150 new 40-foot refrigerated containers in the second year of a five-year equipment replacement plan.

GATX Corp. has named Thomas A. Ellman as executive vice president and president of Rail North America, Michael T. Brooks as senior vice president of operations and...

Mexico’s port cargo traffic is expected to increase 80 percent to 508 million tons per year by the end of the government’s current six-year administration in 2018...

Hydrogen fuel cells may be technically feasible and commercially attractive as a “clean, quiet and efficient” power source for ships at berth, replacing onboard diesel generators.

Canada’s new Fair Rail Freight Service Act, which requires Canadian rail companies to offer a service agreement to companies shipping goods by rail, if the shipper requests one, has become law...

Metro America Supply Chain Solutions has appointed a new vice president of business development and major contracts, in line with its strategy to build a team to better serve customers in the U.S.

Direct ChassisLink, an intermodal marine chassis provider in North America, has acquired Hyundai Merchant Marine’s U.S. chassis fleet, comprising more than 23,000 chassis...

Norfolk Southern has opened its new Thoroughbred Bulk Transfer terminal in Columbia, S.C., which will allow customers without rail sidings to transfer a large array of commodities between railcars and trucks.

Harris County Commissioners Court in Texas has appointed Clyde Fitzgerald, a veteran labor leader, to serve as a member on the port commission of the Port of Houston Authority.

Gulftainer has welcomed the CMA CGM Alexander Von Humboldt container ship on its maiden voyage and call at the Khorfakkan Container Terminal at the Port of Khor Fakkan in the United Arab Emirates.

Members of the International Brotherhood of Teamsters have voted to approve a national master agreement with ABF Freight System, Inc., although some local/area supplemental agreements were rejected.

BDP International will continue to target growth in Asia’s fastest growing markets and expects much of its volume expansion to be linked to rising intra-Asia movements and increased supply chain complexity.

Hanjin Shipping will continue to seek out more opportunities for its terminal-handling business both to support its own global service network and to offer third party services.