From an Archer Daniels Midland – Marubeni news release:
Archer Daniels Midland Company and Marubeni Corporation announced today that they have expanded Kalama Export Company LLC, their joint venture in the U.S. Pacific Northwest, as a result of Marubeni’s contribution of its grain export elevator operations at Terminal 5 in The Port of Portland, Oregon, [...]
“This year’s negotiations, although they’re longer, have been quieter and seem to be much friendlier talks than … maybe ever,” said Port of Long Beach spokesman Art Wong.
Wong says cargo volumes at his port slipped a little in August after surging from April through June, when shippers were expediting imports ahead of the labor [...]
Jimmy Herman, former International President of the ILWU
The newest dock of the bay – San Francisco’s handsome $100 million new cruise ship terminal – opened for business Thursday when giant ship Crown Princess, big as a castle and white as a wedding cake, tied up just after 7 in the morning.
There was no [...]
Once the convention officially takes effect, possibly in late 2015, it will mean the roughly 65,000-75,000 ships in operation globally, including some 5,000 container ships, will, upon dry-docking, be required to install expensive systems to treat ballast water and thus prevent the introduction of nonindigenous species into marine ecosystems, reports the JOC.
Excerpts from [...]
From the Journal of Commerce:
As the use of formalized alliances and vessel-sharing agreements accelerates, carriers’ core product ― moving containers from Point A to Point B ― becomes increasingly identical across alliance partners in major trade lanes. In the Asia-U.S. East Coast trade lane, in particular, carriers have rationalized weekly port calls, and in [...]
Kawasaki Kisen Kaisha (K Line) has announced a new order of a 14,000-TEU quintet. The new boxships will be constructed at Imabari Shipbuilding with length of 365.9 metre, beam 51.2 metre and draft of 14 metre. The price of the container ships was not announced.
The Japanese shipping conglomerate placed the order following the trend [...]
The “Ocean Three” Alliance among CMA CGM, China Shipping and United Arab Shipping Co. came together quickly after the formation of the “2M” agreement among Mediterranean Shipping Co. and Maersk, a deal that left CMA CGM seeking an alliance partner on east-west trades.
Nicolas Sartini, group senior vice president of CMA CGM, in charge of [...]
The container ship Vega Auriga, which made media headlines when it arrived in Tauranga last month after being banned from Australian ports, has clocked up seven departure date cancellations.
Formerly under Mediterranean Shipping Company hire, the ship effectively lost its job when it was barred from Australian ports in August. Defects found during a Maritime [...]
Hapag-Lloyd and Compañía Sud Americana de Vapores (CSAV) secured conditional European Union approval on Thursday for their tie-up to create the world’s fourth-largest container shipping company.
The merger is important for the shipping industry which hopes more deals could help it to overcome the worst slump on record. And if regulators take a soft line [...]
From the Journal of Commerce:
Beneficial cargo owners won’t pay much of a premium for faster service or other ways carriers might be able to differentiate their ocean container services, Maersk Line CEO Soren Skou said.
“I frankly don’t think it’s possible that there are huge opportunities for charging premiums for service in our industry,” [...]
French container shipping group CMA CGM has sealed an alliance with two rivals after a failed attempt to partner with bigger peers Maersk and Switzerland’s MSC, vetoed by China earlier this year due to competition concerns.
CMA CGM said on Tuesday it had agreed a service-sharing alliance with China Shipping Container Lines Co Ltd and [...]
Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter.
“These disposals point to the reduced relevance of logistics capabilities for carriers, as the bundling of 3PL services with ocean transportation has not yielded significant synergies,” Alphaliner said. “The affiliated 3PLs are also increasingly competing against [...]
Maersk Inc. has sold its former Madison, New Jersey, headquarters building for more than $53 million to an investment firm that specializes in corporate properties, according to CBRE.
The property, which sits in the five-building Giralda Farms office park, was designed nearly 30 years ago as a build-to-suit for Maersk. The company’s new North American [...]