Forwarding

The North Carolina ports of Morehead City and Wilmington were fully operational Tuesday after closures in advance of Hurricane Irene. 



Declining freight rates are not stopping lines from investing in new post-Panamax ship buildings, according to analyst Braemar Seascope.

APM Terminals will design, build and operate a large terminal in Costa Rica under a $992 million contract with the country’s government that APM said would launch the largest infrastructure proj

Goldenport boosted first half earnings 24.4 percent year-over-year to $25.7 million, as the Athens-based ship owner’s healthy container rates outweighed a volatile bulk shipping market.

A new revenue index published by the Transpacific Stabilization Agreement shows revenue for maritime carriers in eastbound lanes from Asia steadily declining in the first six months of the year.

Maersk Line will resume container service to Libya on Sept. 8 in its first shipment since February.

Irish Continental Group’s first half earnings shrunk nearly 20 percent to $23.2 million from a year ago, as higher fuel bills offset a 12 percent increase in roll on/roll off freight volume.

Regular international container services will partially resume next month at the most important port in the northeastern Japanese region of Tohoku, which bore the brunt of the earthquake and tsunami i

China Merchants Holdings (International) doubled its first half profit year-over-year to $501.1 million, as the port operator’s container volume grew and it received a one-time gain linked to a

OOCL plans to increase productivity at its Kaohsiung Container Terminal in Taiwan by up to 10 percent by adding two super-post-Panamax gantry cranes to the existing six cranes.

The Indian government will review vessels older than 25 years before they are allowed to sail in Indian waters.

International port companies face rising losses at Vietnam’s showpiece Cai Mep container port as terminals are operating at less than half of their capacity, according to industry analyst Alphal

Consumer spending rose 0.8 percent in July, the Commerce Department reported, as strong demand for motor vehicles led the strongest gain in the consumer market in five months and provided a boost for

CMA CGM expects 2011 to be a positive year despite reporting a 72 percent year-over year decline in first-half profit to $237 million, as higher fuel costs offset shipping volume gains.

Star Reefers won $16.5 million in damages from a Russian fruit importer that terminated charters on the Norwegian ship-owner’s refrigerated cargo ships 14 months before their expiration.

Maersk Line is launching a direct service connecting Ecuador with Spain, Turkey and the Black Sea in late September, as it targets Latin America banana exports to European and Russian markets.

Major East Coast ports re-opened Monday and trucking and railroad companies slowly resumed services as they began making a full assessment of damage to transportation operations that took the impact o

Horizon Lines is asking bondholders to swap $330 million in convertible notes for new debt and equity and said approval will allow the carrier to finish a $655 million refinancing by the end of Septem

The Broward County Board of County Commissioners on Aug.

U.S. consumer sentiment hit its lowest level since November 2008, a decline aggravated by political battles in Washington, according to a survey.

China Cosco Holdings posted a first-half net loss of $432 million, compared with a net profit of $553 million a year earlier, and said reached agreements on bulk carrier charter disputes that led to s

Green Reefers narrowed its second quarter loss to $11 million from $13 million a year ago, but the conventional refrigerated cargo ship operator warned of growing competition from container vessels.

China Shipping Container Lines lost $95 million in the first half of the year compared with a profit of $264 million a year earlier, as slumping rates and volumes pushed revenue down 12.9 percent.

United Arab Shipping will apply a general rate increase on the eastbound trade from North Europe to the Indian Subcontinent and the Arabian Gulf, starting Sept. 15.

Hapag-Lloyd announced general rate increases, effective. Oct. 1, for shipments between the U.S., Canada and Mexico and North Europe and the Mediterranean.

U.S. port officials in the Pacific Northwest, saying higher taxes are partly behind the loss of business to Canada, are urging grain shippers to support efforts to change federal cargo fees.

Zim Integrated Shipping Services swung to a $68 million net loss in the second quarter from a $3 million profit a year ago, as lower ocean freight rates offset increased container volume.

The head of the American Trucking Associations wants Govs.

DP World boosted first half after-tax profit by 36 percent from a year ago to $281 million, as the global port operator benefited from

Cosco Pacific’s first half gross profit jumped 71 percent to $119.3 million as the Hong Kong-listed company posted sharply improved results from its terminal operations and container leasing, ma

INTTRA.

North Carolina’s ports of Wilmington and Morehead City will close noon Friday as the coast braces for the impact of Hurricane Irene and the 115 miles-per-hour winds expected to hit landfall abou

The top executive at New York Container Terminal on Staten Island is urging the Port Authority of New York and New Jersey to provide a frequent-user discount for truckers whose bridge tolls will more

A 23.5 percent rise in exports pushed the Port of Tacoma’s loaded container volume up 10 percent in July from the same period a year ago.

Clarksons, the world’s largest shipbroker, saw its first half pretax profit fall 8 percent to $22.3 million from the same period a year ago, largely due to lower freight rates and an unfavourabl

Russia’s northwestern port of Murmansk has been put up for sale with a price tag of around $700 million.

Beleaguered shippers facing delays and congestion surcharges at the India’s Port of Chennai will have an alternative gateway in January.

Grain shippers in the upper Midwest could once again struggle to get containers later this year, says an equipment lessor, if the peak shipping season in the eastbound Pacific is disappointing and the

APL and Hamburg Sud will cooperate in a vessel-sharing agreement linking the West Coast of South America with Central American ports and connecting with the carriers’ linehaul services.

Container truck drivers at India’s Port of Chennai ended their strike Tuesday night following intense negotiations between the strikers, port-terminal officials and trade representatives.