A Hong Kong-based bulk carrier has been detained in Newcastle following allegations that its crew [...]
Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon.
Like international oil majors and mining companies, Japan’s trading companies have been caught flat-footed by the rout in commodities, with [...]
International Container Terminal Services (ICTSI) sold a $300 million hybrid note callable in year 4.25 on Thursday evening, the company’s maiden senior perpetual offering and also Asia’s first this year.
The Philippine port operator — controlled by billionaire Enrique Razon — priced the offering at a yield of 6.375%, which is around 12.5bp tighter than [...]
Maersk Line will not stop slow-steaming despite falling oil prices making it more economically viable to speed up ships, Joc reports.
According to a Maersk Line spokesman, “A move away from the current slow-steaming approach would entail a fundamental change to the network.”
But with port congestion said to have been an issue in [...]
Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.
Cargill and Bunge will each move four 190,000-mt cargoes [...]
Katie Farmer, group vice president of consumer products at BNSF Railway, has taken office as the first woman to chair the Intermodal Association of North America’s board of directors.
Farmer succeeded Phil Shook, director of intermodal at C.H. Robinson, who remains on the board.
Trucker Kevin Lhotak, president of Reliable Transportation Specialists, Inc., was named [...]
ILA President Harold Daggett Reaffirms Full Support To ILWU In Negotiations; Attempts to Divert Cargo To ILA Ports Will Fail, ILA Leader Tells Shippers
NORTH BERGEN, NJ – (January 23, 2015) – Harold J. Daggett, President, International Longshoremen’s Association, AFL-CIO expressed strong support and solidarity of his entire membership to the members of the [...]
Israeli ocean carrier Zim has finally axed its monthly ad-hoc sailings from Asia to North Europe, according to a report from Alphaliner, ending the restructured container line’s presence in the trade.
Severe losses, much attributed to the highly-competitive Asia-North Europe tradelane, obliged the ‘new’ Zim to suspend its liner service last April and terminate its [...]
The Ports of Seattle and Tacoma have co-released their cargo numbers for the first time as the Seaport Alliance:
Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.
“Reporting our combined cargo volumes demonstrates our commitment [...]
Mayor Eric Garcetti today announced that his Deputy Mayor for City Services, Doane Liu, will become Deputy Executive Director and Chief of Staff at the Port of Los Angeles.
“The economy is my top priority and the Port of L.A. is our region’s leading economic driver, so it’s critical to me that we have the [...]
A King County judge Friday dismissed a lawsuit challenging the legality of the ports of Tacoma and Seattle holding about a dozen confidential sessions to plan a marketing and operations alliance.
Superior Court Judge Julia Garratt sided with the two ports on two issues, finding that the open meetings advocate who brought the suit lacked [...]
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