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| Colombia puts trade benefits on Web |
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Wednesday, May 16, 2012
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With the implementation of the U.S.-Colombia Free Trade Agreement, the Embassy of Colombia in Washington launched an updated version of its Website to highlight the country’s history, culture, and past business and alliances with the United States. Colombian Amb. Gabriel Silva said the goal was to make information more accessible, including a focus on U.S.-Colombia relations and trade opportunities. The United States is Colombia’s largest tradin...
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| SC Line's ro/ro service starts at Port Everglades |
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Monday, May 14, 2012
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SC Line has begun a new service catering to shippers of new and used vehicles, boats and heavy equipment from Port Everglades, Fla., to Colombia, Panama and the Dominican Republic. “We are a very clean, boutique service, addressing the shipping needs of corporate truck and car manufacturers such as Navistar/International, Mack, Sofasa/Renault, VW, among others,” said Farid Escobar, SC Line’s South Florida manager, in a statement. “In line with our management's lo...
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| Asia-Europe peak season fee for MSC |
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Monday, May 14, 2012
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The liner carrier Mediterranean Shipping Co. will implement a peak season surcharge on westbound Asia-Northern Europe shipments from June 1, the line said last week. The surcharge , $350 per TEU, is applicable from destination ports in Asia from Japan through Bangladesh. The line also said it will seek to raise rates on the trades from Asia to Mexico and the west coasts of South America and Central America. The increases , effective from June 15, are $500 per 20-fo...
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| CSAV 1Q losses narrow marginally |
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Friday, May 11, 2012
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The liner carrier CSAV said Friday it had operating losses of $175.6 million in the first quarter, a slight decline from the $182 million it lost in the same period in 2011. Operating revenue in the quarter fell 42.7 percent year-on-year, to $832 million, largely a result of CSAV cutting its operating fleet and withdrawing from a host of services. The line’s container volume fell to 499,800 TEUs (a 43 percent fall exactly in line with its revenue decline) suggestin...
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| Evergreen joins Maersk's WCCA |
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Wednesday, May 09, 2012
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The ocean carrier Evergreen Line will begin a slot charter agreement with Maersk Line on the latter's weekly West Coast North America to Central America service WCCA. The first sailing will depart Manzanillo, Mexico May 19 on the Helene S . The full rotation of the WCCA remains Los Angeles, Manzanillo (Mexico), Lazaro Cardenas, Puerto Quetzal, Acajutla, Corinto, Balboa, Puerto Caldera, Acajutla, Puerto Quetzal, Lazaro Cardenas, Manzanillo, Ensenada, and Los An...
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| Maersk withdraws Europe-WCSA loop |
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Monday, May 07, 2012
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The ocean carrier Maersk Line said Friday it will shutter its Andean service between Northern Europe and the west coast of South America. The line said the service has become too expensive to maintain, and ports in Peru and Chile served directly through the Andean loop will be covered by transshipment in Balboa, Panama. “A downward trend in freight levels for a number of years, combined with increasing costs due to rise in bunker prices this year, ha...
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| Hyundai, 'K' Line, NYK, and PIL leave MOL's CSW |
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Thursday, May 03, 2012
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The liner shipping companies Hyundai, "K" Line, NYK and PIL have all left MOL's CSW service which covers Asia, Africa, and East Coast South America. All four liner companies, who were taking slots on the Asia-to-East Coast South America portion, have ended their participation on the CSW with the final sailing departing on March 31 with the MOL Grandeu r. For Hyundai, this was its CSW service, NYK's NHX2, PIL's SA2, and "K" Line's AESA-L2. Hamburg Süd and Alianca are th...
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| K+N boosts LCL in Asia-Pacific |
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Wednesday, May 02, 2012
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Swiss freight forwarder Kuehne + Nagel will use its Shanghai gateway to further strengthen its less-than-containerload offerings in the Asia Pacific region. The new gateway complements K+N’s existing direct services in Shanghai and serves as an alternative to the company’s other two gateways in Singapore and Sri Lanka. Since May 1, 28 new gateway services have been operational from Shanghai, the company said. The services, operated by K+N’s non-vessel-operating com...
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| Maersk raises Latin America-Middle East rates |
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Wednesday, May 02, 2012
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Maersk Line said this week it will raise rates on the trade between Latin America and the Middle East and Black Sea regions from June 1. The increases are $100 per TEU from the Middle East to Latin America, and $300 per refrigerated container from the east coast of South America to the Middle East, Black Sea, North Africa and Europe.
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| CSAV volume slumps, rates rise |
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Monday, April 30, 2012
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The liner carrier CSAV saw its volume in March plummet compared to the same month in 2011, but also saw its average revenue per TEU rise to a 16-month high. In a monthly operational update, the Chilean carrier said its container volume in March was 146,100 TEUs, 52.7 percent lower than in March 2011. It was also CSAV’s lowest volume in a single month since June 2009, a point at which the line significantly ramped up its capacity. It has since drawn down its capacit...
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| MSC to raise Asia/ECSA rates |
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Thursday, April 26, 2012
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The liner carrier Mediterranean Shipping Co. said Thursday it plans to hike rates from Asia to the east coast of South America in mid-May. The increase , $500 per TEU, is effective from May 15.
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| U.S. supports Colombian river port study |
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Thursday, April 26, 2012
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The U.S. Trade and Development Agency has awarded a $550,000 grant to Terminal Fluvial Andalucía, S.A. (Andalucia River Terminal or "TFA") for a feasibility study to determine the technical and financial viability of a new inland river port along Colombia’s Magdalena River. The feasibility study will also include the preparation of preliminary design documents for the river port. TFA, a subsidiary of Grupo Puerto de Cartagena (GPC), plans to build and operate an inland riv...
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| MOL establishes Peru presence |
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Wednesday, April 25, 2012
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The ocean carrier MOL said Tuesday it has established a new subsidiary in Peru. “The country was chosen because it shows more stable growth than other South American nations,” MOL said in a statement. “With the new subsidiary, MOL will consolidate its business structure and further expand north-south containership routes to further improve customer services.” The wholly-owned agency will be based in Peru’s capital, Lima.
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| Maersk to assess Asia-Latin America peak fee |
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Tuesday, April 24, 2012
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Maersk Line said Friday it will assess a set of peak season surcharges from Asia to Latin America over the next month. The line said the $300-per-TEU fee is needed because of a shortage of 20-foot dry containers on the trade. The start dates for the fee are: April 23 from the Far East (excluding Taiwan) to Latin America (excluding Colombia, Puerto Rico, and the U.S. Virgin Islands) May 20 from Taiwan to Latin America (excluding Brazil, Uruguay, Paraguay and Argenti...
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| U.S. State Dept. funds IPR training programs |
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Monday, April 23, 2012
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The U.S. Department of State on Thursday announced $2.6 million in funding to help train foreign governments on investigating and prosecuting intellectual property rights crimes in Asia, Latin America and sub-Saharan Africa. Workshops and training seminars will be conducted for customs authorities, judges, prosecutors, police, and other enforcement officials in Mexico, Chile, and Colombia A dozen projects were selected for training and technical assistance with inp...
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| USDA to allow Chilean pomegranate imports |
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Friday, April 20, 2012
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The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its regulations to allow the import of Chile-grown pomegranates into the United States, effective May 17. The agency said these imports are subject to the “systems approach.” Under this approach, the fruit must be grown at a site that is registered with Chile’s national plant protection organization and certified as having a low prevalence of Brevipalpus chilensis. The fruit must also un...
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| CaroTrans expands LCL service to Brazil |
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Wednesday, April 18, 2012
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Non-vessel-operating common carrier CaroTrans now offers a less-than-containerload service from Miami to Itajai, Brazil. For the service, cargo moves direct from any one of CaroTrans’ 24 U.S. freight receiving stations via Miami. From Miami to Itajai is a 22-day transit. “Our exclusive partner in Brazil, Craft Multimodal, is a dominant player in the region that handles over 40 percent of all Brazil LCL cargo,” said Greg Howard, global chief executive officer a...
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| Maersk raises rates from WCSA |
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Wednesday, April 18, 2012
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Maersk said it will raise rates from several South American countries to the United States. Effective May 10, the carrier said the general rate increases for northbound cargo include: From Ecuador - $100 per 20-foot dry container and $200 per 40-foot dry container. From Chile and Peru - $200 per 20-foot dry container and $400 per 40-foot dry container. For 40-foot high cube reefer containers to the U.S. West and Gulf coasts, Norfolk and Nort...
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| Trans Global opens Atlanta office |
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Wednesday, April 18, 2012
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Hong Kong-based Trans Global Logistics said Tuesday it has opened an office in Atlanta as part of an expansion plan for its Americas business. The Atlanta office will be its fourth in the United States – the others are located in New York, Los Angeles, and Chicago. “Atlanta is a huge gateway for air and ocean transportation and it has a large and growing base of shippers,” said Donald Woo, chief executive officer of Trans Global. “Having ou...
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| U.S.-Colombia FTA takes effect May 15 |
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Tuesday, April 17, 2012
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The White House announced Monday that the U.S.-Colombia Trade Promotion Agreement will take effect on May 15. The announcement follows completion of work by the United States and Colombia to review each other’s laws and regulations related to the agreement's implementation, as well as Colombia’s steps to deal with labor rights. Before President Obama’s announcement, U.S. Trade Representative Ron Kirk exchanged letters with government officials in Colombia in which each country c...
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| Washington Notebook: Obama touts trade at Port of Tampa |
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Tuesday, April 17, 2012
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President Obama visited the Port of Tampa Friday and spoke about the benefits of trade with Latin America on his way to the Summit of the Americas in Colombia. The president reiterated that increasing exports to the rest of the world is a part of his plan to help restore American manufacturing and create jobs. "Part of building that economy is making sure that we're not a country that's known just for what we buy and what we consume. After all,...
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| Argentine logistics park receives overseas financing |
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Monday, April 16, 2012
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The Inter-American Development Bank last month finalized a $20 million loan to Plaza Logistica SRL for construction of two logistics parks outside Buenos Aires, Argentina, according to the multilateral bank's Website . It is the first time the IDB has ever approved a private sector loan to finance a logistics project in Latin American and the Caribbean. The logistics parks in Escobar and Pilar will have a combined 85,000 square meters of warehouse space for ...
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| U.S., Brazil enter aviation partnership |
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Thursday, April 12, 2012
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The United States and Brazil this week entered a public-private partnership to enhance bilateral aviation cooperation in areas such as airport expansion, airspace management, safety and security. “These programs will support Brazil's aviation infrastructure development priorities, while connecting U.S. companies to the growing business opportunities in the sector,” said the U.S. Trade and Development Agency. As a result of rapidly increasing air traffic due to...
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| Recognizing Cachaça and Bourbon |
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Tuesday, April 10, 2012
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On Monday, the United States sent a letter to Brazil stating that it will recognize Cachaça as a distinctive product of Brazil, while Brazil said in a letter it will designate Bourbon Whiskey and Tennessee Whiskey as distinctive products of the United States. “Cachaça and Bourbon and Tennessee Whiskey are among the United States’ and Brazil’s most unique and well-recognized products,” said U.S. Trade Representative Ron Kirk, in a statement. “This exchange of letters represents a...
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| COSCO raising Europe-ECSA rates |
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Tuesday, April 10, 2012
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COSCO Container Lines said Tuesday it plans to hike rates on the trade from Northern Europe to the east coast of South America from May 6. The increase, 200 euros per TEU and 400 euros per FEU, is applicable on the line’s ESE service. COSCO takes slots on Maersk Line and Safmarine’s Samba service, dubbing it ESE. It’s the line’s only connection between Northern Europe and the east coast of South America. Other slot buyers on the service are Mediterranean Shipping Co. and Hanjin...
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| CSAV's February volume plummets to 29-month low |
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Thursday, March 29, 2012
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The liner carrier CSAV said this week its container volume in February was the lowest of any month since September 2009. CSAV handled 161,300 TEUs in February, a 40.8 percent year-on-year drop. In the last four-plus years, only the first nine months of 2009 saw lower volume than in February. The line has retrenched capacity over the past year on a number of trades, fostering partnerships with CMA CGM and Mediterranean Shipping Co. (in which it has predominantly tak...
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| MSC increasing Mexico-ECSA rates |
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Thursday, March 29, 2012
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The container line Mediterranean Shipping Co. said Thursday it plans to hike rates from Mexico to east coast of South America from May 1. The increase, $200 per 20-foot container and $300 per 40-foot container, is applicable to destinations in Argentina, Brazil, Paraguay, and Uruguay.
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| CMA CGM swaps partners on Europe-ECSA trade |
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Wednesday, March 28, 2012
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The liner carrier CMA CGM said it will switch the partners it cooperates with on the trade between Northern Europe and the east coast of South America from mid-April. The line currently runs a service on the trade with Hapag-Lloyd and takes slots on another service from Hamburg Süd. From April 11, CMA CGM will join as an operator a seven-ship Brazil-focused loop with Mediterranean Shipping Co. and CSAV and will also take slots on an MSC service to the River Plate region. ...
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| Zim, MSC begin joint Gulf/ECSA loop |
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Wednesday, March 28, 2012
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As previously announced, the liner shipping companies Zim and Mediterranean Shipping Co. have now merged their two services between the U.S. Gulf and ECSA. The new joint service, combining Zim's SAX loop with MSC's String 2 service, began with the March 27 sailing of MSC Korea from Houston and will operate with seven vessels averaging 2,987 TEUs. MSC provides five of the ships and Zim provides two. The new loop'...
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| MSC raising US-to-South America rates |
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Wednesday, March 28, 2012
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The liner carrier Mediterranean Shipping Co. said Wednesday it plans to raise rates on U.S. East Coast export shipments to the west coast of South America. The increases are $150 per 20-foot container and $300 per 40-foot container to west coast South America ports, excluding Cartagena, and $100 per 20-foot container and $200 per 40-foot container to Cartagena. They’re effective from May 1.
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| U.S. adds South Sudan to GSP, removes Argentina |
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Tuesday, March 27, 2012
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The White House through presidential proclamation on Monday designated the Republic of South Sudan as a new beneficiary of the Generalized System of Preferences (GSP) and suspended Argentina from eligibility in the trade program. “The president’s designation of the Republic of South Sudan as a GSP beneficiary country provides an opportunity for this newly independent nation to use trade to boost its economic development and, we hope, will encourage it to continue needed economic...
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| MSC raising Asia-ECSA rates |
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Monday, March 26, 2012
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The liner carrier Mediterranean Shipping Co. is planning to hike rates from Asia to the east coast of South America from mid-April. The increase , $500 per TEU, is applicable from April 15 on Asia export cargo.
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| SATO buys Argentina’s Achernar |
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Monday, March 26, 2012
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SATO, a provider of barcode printing, labeling, and radio frequency identification device technologies, will acquire Achernar, a privately held firm based in Buenos Aires. Achernar, founded in 1971, is one the region’s largest providers of adhesive labeling services to industries including food, cosmetics, electronics and postal services. SATO said the acquisition is part of a larger plan to expand its offerings and coverage in So...
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| CMA CGM raising rates ex-Asia, Mideast |
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Thursday, March 22, 2012
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The liner carrier CMA CGM said Wednesday it plans to raise rates in April on a number of trades from Asia and the Middle East. From the April 1, the proposed increases are: From the Middle East and India to East Africa on the line’s SWAX service, $200 per TEU. From the Middle East and India to West Africa on its MIDAS service, $100 per TEU. From Asia to South Africa, $300 per TEU. From April 15, the increases are: From Asia to New Zealand on the ANZEX ser...
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| Argentine truckers strike as soy harvest begins |
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Wednesday, March 21, 2012
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According to local media and Reuters , Argentina's grains-hauling truck drivers, under direction of their union FETRA, have called an indefinite strike to demand higher pay rates as the country begins its important soybean harvest season. According to the FETRA, the government has failed to make good on an October promise for a minimum hauling tariff, which came about from a prior strike. Union leaders are again set to meet with government officials today, though in...
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| COSCO raising Asia-South America rates |
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Tuesday, March 20, 2012
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COSCO Container Lines said Tuesday it plans to hike rates from Asia to South America from April 15. The increase is $500 per 20-foot container and $1,000 per 40-foot or 40-foot high-cube container and applies to both dry and refrigerated cargoes.
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| MSC raising Asia-Latin America rates |
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Monday, March 19, 2012
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The liner carrier Mediterranean Shipping Co. said Monday it is increasing rates from the Far East to several Latin American and Caribbean areas from April 15. The increase , $560 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is applicable to destinations in the Caribbean, Panama, east coast of Central America, Cartagena, and Venezuela. From the Far East to Mexico, and the west coasts of South America and Central America, the increas...
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| Hamburg Süd adds to Europe-ECSA service |
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Monday, March 19, 2012
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The liner carrier Hamburg Süd and subsidiary line Aliança will amend their service network between Northern Europe and the east coast of South America from mid-April. The changes affect the lines’ River Plate Express service, which will see calls added and larger vessels deployed. The revised rotation will be Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre, Sepetiba, Santos, Paranagua, Buenos Aires, Montevideo, Rio Grande, Itapoa, Santos, Tangiers, and Rotterdam. &n...
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| CMA CGM raising rates on several trades |
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Thursday, March 15, 2012
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CMA CGM said this week it plans to raise rates on a number of trades from April. The proposed increases are: From India and Pakistan to North Europe, Mediterranean, Baltic, Black Sea and North Africa ports, $150 per 20-foot container and $300 per 40-foot container for dry or refrigerated cargo from April 2. From North Europe to Canada, $150 per 20-foot container and $200 per 40-foot container for dry or reefer cargo from April 10. From the East and West Med, and Black Sea to th...
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| Forwarders expand LCL services |
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Wednesday, March 14, 2012
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Freight forwarders CEVA Logistics and Panalpina this week each increased their less-than-containerload service offerings. CEVA expanded its LCL service into Australia via the ports of Sydney, Melbourne and Fremantle. The service is a 16-day trip from Shanghai that also serves Brisbane with cargo clearance at CEVA’s container freight station. This follows new LCL services that CEVA started in Singapore and the United Arab Emirates in February. ...
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| CMA CGM drops Black Pearl again |
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Wednesday, March 14, 2012
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The liner shipping company CMA CGM is ending its Black Pearl service, which just began again in January. The Black Pearl was resurrected when CMA CGM joined Mediterranean Shipping Co.’s service, chartering slots between the U.S. East Coast and West Coast South America beginning Jan. 14 in Philadelphia. At that time the service operated with seven MSC vessels with an average capacity of 4,146 TEUs. In late February MSC's service dropped the ...
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| Hamburg Süd raises U.S. Gulf-ECSA export rates |
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Tuesday, March 13, 2012
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The liner carrier Hamburg Süd said Monday it plans to raise its U.S Gulf Coast export rates to the east coast of South America from April 15. The increases are $150 per 20-foot container and $300 per 40-foot container.
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| Maersk Samba's faster tempo, adds Antwerp |
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Thursday, March 08, 2012
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After a two-month slowdown, ocean carrier Maersk Line has resumed a seven-week roundtrip voyage time on its Samba service between Europe and the East Coast of South America and added a new call at Antwerp to the rotation. American Shipper reported Jan 30 that the loop had slowed to eight weeks, with transit times northbound to Europe and the Mediterranean from East Coast of South America on the Samba increasing by about seven days, taking 23 days between Buenos Aires and Tilbur...
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| Increased ship layups seen in coming year |
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Tuesday, March 06, 2012
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While transpacific volumes are expected to grow in 2012, some analysts are warning containerships will have to be laid up if carriers want rates to improve. Lars Jensen, chief executive of SeaIntel Maritime Analysis, said he expects as large new ships enter the Asia-Europe trade, vessels now plying that trade lane will be cascaded into the transpacific, potentially swamping the market with excess tonnage if ships are not laid-up. Jensen noted carriers are expec...
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| Centurion selects GSA for Germany |
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Tuesday, February 28, 2012
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Centurion Cargo, which focuses on Latin America air transport, has hired Globe Air Cargo as its general sales agent in Germany. Globe, part of the ECS Group, said it will market Centurion flights that depart from Amsterdam and Luxembourg. Centurion, based at Miami International Airport, operates three MD-11 freighter flights each week from those cities to Mexico City and Miami and two other weekly services to Sao Paulo, Brazil. Gl...
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| Maersk raising rates from Asia to Americas |
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Thursday, February 23, 2012
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Maersk Line said this week it plans to increase rates between Asia and several Americas regions from March 15. The increases are: From the Far East to the east coast of South America, $600 per TEU. From the Far East to the Caribbean (including Colombia and Venezuela, but excluding Cuba and the Colombian port of Buenaventura), $560 per 20-foot container and $800 per 40-foot or 40-foot high-cube container. From the Far East to Cuba, $422 per 20-foot container and $604 per ...
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| Improved productivity at APMT Callao terminal |
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Tuesday, February 21, 2012
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APM Terminals said significant productivity gains have been made at the container terminal it now operates in the Peruvian port of Callao. APMT, the terminal operating arm of the A.P. Moller-Maersk Group, assumed control of the port’s North Terminal in July. In that time, “crane productivity has more than doubled to 26.57 moves per hour per crane and gate turnaround time has decreased by 49 percent to 28 minutes in the first 29 weeks of operations.” The term...
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| MSC raising Black Sea/East Med export rates |
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Tuesday, February 21, 2012
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The liner carrier Mediterranean Shipping Co. said it plans to raise rates on a number of trades out of the east Mediterranean and Black Sea from March 1. The increases are: $50 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to South Africa, Mozambique and West Africa. $100 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to east Africa and Red Sea ports. $100 per container from Port Said and Alexandria to northern Africa ports. $50 per 20-foot c...
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| CSAV raises $1.2 billion in stock sale |
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Monday, February 20, 2012
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The Chile-based shipping company CSAV said last week it had raised an additional $1.2 billion through the sale of additional stock in the company and completed spin-off of its terminal division SAAM. Major investors include the conglomerate Quiñenco, which is part of the Luksic Group, which invested $547 million and now owns 37.44 percent of the company. In addition, $100 million of stock was purchased by Maritima de Inversiones SA (Marinsa), giving the Claro Group a 12....
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| Zim to take slots on MSC Americas services |
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Monday, February 20, 2012
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The container line Zim will from the end of March take slots on a Mediterranean Shipping Co. on the trade between the U.S. East Coast and the east coast of South America, while jointly operating another loop on the U.S. Gulf-East Coast South America trade. The rotation for the U.S. East Coast service will be Charleston, Norfolk, New York, Baltimore, Savannah, Freeport, Caucedo, Santos, Buenos Aires, Montevideo, Rio Grande, Navegantes, Santos, Rio de Janeiro, Suape, Cauce...
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| CMA CGM boosts rates on eastbound TP, other trades |
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Thursday, February 16, 2012
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The liner carrier CMA CGM said Wednesday it will raise rates on the eastbound transpacific in line with recommendations made by the Transpacific Stabilization Agreement, among a host of planned rate hikes over the next three months. The proposed increases on the eastbound transpacific include: From Asia to all U.S. destinations (including intermodal), $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, $380 per 45-foot conta...
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| MSC raises Far East/Caribbean-Central America rates |
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Thursday, February 16, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to increase rates from the Far East to parts of Central America, the Caribbean, and the north coast of South America. The increase , effective March 15, is $560 per 20-foot container and $800 per 40-foot or 40-foot high-cube container. The increase is applicable to destination ports in the Caribbean, Panama, the east coast of Central America, Cartagena, and Venezuela.
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| CSAV takes $1.2 billion loss in 2011 |
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Wednesday, February 15, 2012
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The Chilean shipping company CSAV reported a loss of $380 million in the fourth quarter 2011, compared to a loss of $7.2 million in the fourth quarter of 2010. Revenue in the fourth quarter of 2011 was $801 million, compared to $1.12 billion in the same period the year earlier. However, the liner company said it had a significant reduction in its losses on its continuing operations in the fourth quarter. The loss in the last three mont...
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| MSC to raise Asia-ECSA rates |
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Wednesday, February 15, 2012
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Mediterranean Shipping Co. said this week it plans to hike rates from the Far East to the east coast of South America. The increases , $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective from March 15.
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| MSC raising Far East-Latin America rates |
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Tuesday, February 14, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to raise rates on the trade from the Far East to Mexico and the west coast of Central and South America from March. The increase , $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective March 15.
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| U.S., Peru urge end to yarn forward rule |
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Monday, February 13, 2012
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U.S. import and Peruvian export advocates last week sent a letter to Peruvian Foreign Trade Minister Jose Luis Silva and U.S. Trade Representative Ron Kirk urging elimination of a “yarn forward” rule of origin on apparel as part of the ongoing Trans-Pacific Partnership negotiations. The Peruvian Associación de Exportadores (ADEX) and members associations of the U.S. Trans-Pacific Partnership Apparel Coalition sent a joint letter on behalf of U.S. and Peru apparel producers, reta...
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| Hamburg Süd, CCNI launch PACE |
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Friday, February 10, 2012
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The liner shipping companies Hamburg Süd and CCNI will commence their new weekly PACE West Coast feeder service with the Feb. 13 departure of Cap Palmerston from Hamburg Süd's Caribbean hub in Cartagena, Colombia. Hamburg Süd subsidiary Alianca will charter slots. PACE will operate with four vessels averaging 1,799 TEUs, three from Hamburg Süd and one from CCNI. The port rotation will be Cartag...
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| APL-MOL increase capacity on Balboa feeder |
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Friday, February 10, 2012
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The liner shipping companies APL and MOL have raised capacity on their weekly Balboa to West Coast South America feeder service PAX/ACW by increasing the size of the vessels. Average ship capacity has increased 50 percent from 1,694 TEUs to 2,521 TEUs. The port rotation of the PAX/ACW remains Balboa, Buenaventura, Callao, Valparaiso, Callao, Paita, Buenaventura, and Balboa. APL also operates a similar, albeit much smaller, average 1,275-TEU joint service with H...
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| CMA CGM raising rates on several trades |
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Friday, February 10, 2012
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The liner carrier CMA CGM said Thursday it plans to increase rates on a number of trades between March 1 and April 1. The increases from March 1 are: From India and the Middle East Gulf to East Africa (Mombasa and Dar Es Salam), $250 per TEU. From India and Pakistan to Northern Europe, Mediterranean, Baltic, Black Sea and North Africa ports, $200 per 20-foot container and $400 per 40-foot container for dry and reefer cargo. From Northern Europe to East Coast South Americ...
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| Gault named CEO of Americold |
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Tuesday, February 07, 2012
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Americold said Monday that Jeffrey M. Gault has been appointed by the board of trustees as president and chief executive officer, effective immediately. He succeeds Jos Opdeweegh, who has resigned for personal reasons. Gault, a director of the company is an architect and environmental planner who has held senior executive positions at H.F. Ahmanson & Co, Home Savings of America, Sun America and KB Homes. He has been a managing partner...
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