Neptune Orient Lines (NOL), and its container shipping subsidiary, APL, this week received top prizes at the Asia Logistics Awards 2006. NOL was lauded for Ethical Responsibility and APL was named Shipping Line of the Year at a gala ceremony in Singapore attended by more than 300 senior representatives of the global logistics and freight transportation industries. NOL’s supply chain management business APL Logistics was also a finalist in the Seafreight Forwarder and 3PL of the Year categories. The annual awards are based on votes cast by the readers of leading supply chain management publication Lloyd’s Freight Transport Buyer Asia, as well as the Asian readerships of Containerisation International and International Freighting Weekly. Once the votes were cast, an independent panel of judges chose the award finalists and the ultimate winners.
Reduce the Headaches: The Need for an Upgraded Transportation Management System In 2009, the United States alone shipped more than 2.2 billion pounds of goods such as coal, crude materials like wood, sand and gravel, and primary manufactured goods (United States Census Bureau). Undoubtedly, this required complex logistical planning for companies shipping their goods and left many transportation managers with headaches
Carlile Transportation Systems, Inc., a TOTE Logistics company, has named Larry Felix as their new Vice President of Business Development. Larry will provide leadership over commercial development in Alaska and throughout the Lower 48. Larry joins Carlile from Oak Harbor Freight Lines, Inc. out of Southern California, where he held the position of District Manager of Sales & Operations. Larry was responsible for developing the Southern Californian District comprised of seven terminals
Pilot Freight, worldwide transportation & logistics provider, picks up its seventh 'Ryder Transportation Management Carrier Quality Award'. Every year Ryder recognizes carriers through this award who demonstrate excellence in on-time performance, claims handling, customer service, technology applicants, economic value and innovation. The Ryder awards recognize excellence through a variety of metrics including: on-time performance, claims handling, customer service, technology applicants
Sam Shipping has recently launched the comprehensive freight portal www.FreightMarket.com. The portal, designed to obtain quotes for shipments between South America to Asia, will offer a platform for exporters, importers, traders and freight forwarders to list their freight requirements. The portal also offers freight quotes from NVOCCs and freight brokers, as well as a timetable of airline and shipping line schedules
The American Association of Port Authorities (AAPA) welcomed the recent release of the U.S. Department of Transportation (U.S. DOT) "Report to Congress on National Highway System (NHS) Intermodal Freight Connectors." The report, requested by Congress under the provisions of the Transportation Equity Act for the 21st Century (TEA-21), reviews connectors to seaports, airports, and major intermodal terminals to determine: (1) their condition; (2) improvements or investments made or planned; and
Kim Pedersen, 47, has been appointed Executive Vice President of Geodis Wilson, heading up the Freight Forwarding Division. “In Kim Pedersen we have a person at the top of our freight forwarding activities who brings the capabilities, the experience and most importantly the right mindset to lead this important business unit of Geodis further into areas of strong and sustainable growth on a global scale”, says Marie Christine Lombard, CEO of Geodis.
Shares of Neptune Orient Lines Ltd (NOL), the world's sixth largest container shipper, sank as much as 2.5 percent on Thursday morning to their lowest level since March 2000 on freight rate concerns. By the midday break, NOL had crawled back to S$1.20, down one cent, from S$1.18 in moderate trade of 2.78 million shares. Analysts said there were increased worries for its earnings due to prolonged pressure in freight rates with no short-term recovery in sight for cargo demand due to slowing
New Drewry special report examines drivers of container freight rates, provides five year forecasts of major east-west trades and offers suggestions for carriers and shippers on how to smooth pricing volatility. London, UK, 14th March 2011 – Container freight rates go up and then they go down - that’s just the way things are. This almost pathological acceptance that things cannot and will not change is a symptom of a deficiency within container shipping’s DNA that prevents
Troy Container Line Ltd, announced May 14, 2012 the appointment of three key personnel to management positions. Svetlana Azimova has been named Assistant Vice President of Troy Container Line’s Freight Cashier Department; Jonathan Lasker has been appointed Assistant Vice President of the company’s Import Department; and Michael C. Troy II is now the Global Account Manager of Troy Container Line’s Sales Department.
Liverpool-based maritime advisory firm and consultancy Focus Maritime (North West) Limited has been appointed to promote Canada's Halifax Port Authority across Europe. The move by the Nova Scotia-based authority is aimed at strengthening its presence across the continent and sees
Ocean carriers were unable to increase freight rates between the Mediterranean and North America from November to January due to continuing poor vessel utilisation and the approaching threat of P3, according to the latest edition of Drewry's Container Insight Weekly. Westbound
Reuters - The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday. The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, rose 19 points to 1,562.
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced adoption of CargoSmart’s Japan AFR (advanced filing rules) management solution to effectively address Japan’s new compliance requirement which goes into effect March 10th with
March 6 marks the start of a new service from Los Angeles gateway. CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced a new weekly, direct, all-water LCL (less than container load) service from the U.S
The American Association of Port Authorities (AAPA), on behalf of its United States member seaports, expresses both encouragement and disappointment over the funding levels and programmatic changes in federal port-related programs proposed in the President’s FY 2015 budget.
Vessel tracking and asset/document management software, used by hundreds of U.S. commercial workboat and fishing customers, is now available internationally for integration into existing partner applications. McMurdo Group, a company in end-to-end search and rescue (SAR) and
Welcoming the proposal, the Coalition for America’s Gateways and Trade Corridors (CAGTC) says it applauds the Administration’s vision for improving the multimodal freight network to support American businesses and national competitiveness in the world marketplace.
Q4 net profit falls to $936 mln vs $808 mln forecast; Company will issue bonus shares. Danish shipping and oil group A.P. Moller-Maersk said 2013 net profit fell less than expected thanks to higher earnings at container shipping business Maersk Line
Sentina Corp, a New York-based producer of protective cargo coverings, says it has been awarded the designation of 'Qualified Anti-Terrorism Technology' under the Department of Homeland Security's Safety Act for its Freight Glove, a reusable, vacuum-sealable, and tamper-evident covering.
The London P&I Club has increased its membership by almost two million gross tons over the past year. This increase reflects the entry of further tonnage with the club by existing members, and the addition of new members from China, Greece, Singapore, Turkey, and the U.K.
As expected, 2013 did not bring significant changes to the evolution of the world economy and consequently the rate of growth of world trade. With regard to the maritime freight market, the same situation of imbalance between supply and demand continued with a consequent reflection in value of
The A.P. Moller – Maersk Group has received a permanent license to operate container business activities in Myanmar. The business will encompass the three brands Maersk Line, MCC Transport and Safmarine and the agency in Yangon will be officially opened in May 2014.
Group narrows net loss; lifted by $470 million (USD) cost savings and building sale. NOL Group today reported a 2013 net loss of $76 million, improving 82 percent from a $412 million loss the previous year. The group’s full year financial results were helped by a non-recurring $200
The U.S. Coast Guard (USCG) rescued a 54-year-old man, who was suffering from medical issues while aboard a 655-foot freight ship approximately 150 miles southwest of Tampa, Wednesday. At approximately 9:24 a.m., watchstanders at Coast Guard Sector St. Petersburg, Fla