The U.S. Department of Transportation’s Saint Lawrence Seaway Development Corporation (SLSDC) today joined the Port of Cleveland in announcing the launch of the Port of Cleveland’s Express Ocean Freight Service. The new service will run between the Port of Cleveland and Antwerp, Belgium via the Saint Lawrence Seaway and is the first regularly scheduled international cargo shipping service to a U.S. port on the Great Lakes in decades. “Our ports play a critical role in freight movement, and the Port of Cleveland has been a leader in finding new ways to expand the use of the Great Lakes Seaway System,” said U.S. Secretary of Transportation Anthony Foxx. “As freight shipments continue to increase, this service will provide new opportunities and grow businesses in the manufacturing heartland of America.” The arrival at the port of the Dutch vessel Fortunagracht out of Antwerp on April 19 marked the inaugural voyage of the Cleveland-Europe Express Ocean Freight Service. The vessel is carrying a variety of cargo and departs back to Europe today with U.S. exports. The service will continue to make one round trip each month and is expected to grow as demand increases. Administrator Betty Sutton joined with local leaders in Cleveland for the announcement today.
During the PVA Annual Convention at MariTrends 2014, held January 18-21 in Houston, members of the Passenger Vessel Association (PVA) elected Terri Bernstein, BB Riverboats Newport, Ky., as PVA President for 2014. Also elected to terms as PVA Officers for 2014 were: PVA Vice President: Dave Anderson, Fire Island Ferries, Inc., Bay Shore, N.Y. PVA Secretary Treasurer: Margo Marks, Beaver Island Boat Company, Charlevoix, Mich. PVA President: Terri Bernstein
P&O Stena Line has resumed full passenger and freight services from the British port of Dover after French fishermen began to lift their blockade of French ports. P&O spokeswoman Gail Isted said that the company's vessel 'Dover' had left Calais in France for Dover in mid-afternoon. "P&O Stena Line ferries will now leave Dover and Calais every 45 minutes and will revert to their usual sailing patterns overnight," the company said in a statement.
SEAaT (Shipping Emissions Abatement and Trading) announced today that international legal practice Norton Rose LLP and the freight services division of global mining group Rio Tinto have become its newest associate members. Norton Rose LLP has had shipping at its core throughout its 200-year history, and is home to one of the world’s leading transport legal practices. Norton Rose LLP has over 100 specialist shipping lawyers across the globe
Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine. Sea Star Line LLC has agreed today to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation industry, the Department of Justice announced
The Björk.Eklund Group is changing its name to Greencarrier AB with effect from February 1, 2012. Previously the Greencarrier name had only been used by companies that formed part of Greencarrier Freight Services, the division of the Björk.Eklund Group offering customised logistics and transport solutions worldwide. Now the majority of Group companies not currently branded Greencarrier will also change their names to reflect their membership of the Greencarrier Group
The 68m catamaran Maria Dolores will shortly go into service with Malta-based Virtu Ferries on the company’s established Malta – Italy route, propelled by no fewer than six Kamewa waterjets, three in each hull. A speed of about 36 knots with the engines running at 90 per cent of full load will link Valetta with Catania in three hours, with Pozallo in 90 minutes and provide a service to the Italian mainland at Reggio Calabria in four hours.
IRISH Sea freight ferry operator Seatruck Ferries has ordered two new ro-ro freight ferries from Spain's Astilleros de Huelva. When they enter service in 2007 they will be able to move 130,000 freight trailers per annum on Seatruck's Warrenpoint - Heysham route, more than doubling present capacity. Seatruck's general manager Alistair Eagles says, "This is fantastic news for all of our freight customers. We have been running at full capacity for some
A former high-level shipping executive was sentenced today to serve 48 months in jail and to pay a $20,000 criminal fine for his role in an antitrust conspiracy involving the transportation of goods to and from the continental United States and Puerto Rico by ocean vessel, the Department of Justice announced on Jan. 30. This is the longest jail sentence ever imposed for a single antitrust charge. Peter Baci of Jacksonville, Fla., pleaded guilty on Oct. 20, 2008, in the U.S
Crowley Maritime Corporation announced a restructuring involving three members of its senior leadership team. John Douglass and Rob Grune will move to new positions, with Douglass taking over as senior vice president and general manager of Crowley's Puerto Rico/Caribbean liner services, and Grune taking over as senior vice president and general manager of Crowley's petroleum transportation group. Both executives will remain domiciled in Jacksonville and continue to report to Tom Crowley
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected. The Danish shipping giant said on Friday that lower oil prices and lower
Crowley formalizes new GlobalShip Management and Government Services groups; Golonka and MacDonald assume new vice presidential roles Crowley Maritime Corp. has formalized two new groups, Government Services and Global Ship Management
Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged by 27.9 percent to $295 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
Despite challenging market environment with freight rates reaching historic lows in several key trades, ZIM Integrated Shipping Services continues to outperform the average adjusted EBIT margins in the Industry. ZIM Integrated Shipping
The world's commercial fleet grew by 3.5 percent during the 12 months to Jan 1, 2015, the lowest annual growth rate in over a decade, the United Nations Conference on Trade and Development (UNCTAD) reveals on Wednesday in its Review of Maritime Transport 2015.
End-of-year cargo flurry still anticipated - brokers. Freight rates for capesize bulk carriers could bottom next week as owners resist charterers' attempts to force rates lower on the expectation of an end-of-year cargo flurry, brokers said on Thursday.
Freight rates for shipping containers from Asia to northern Europe fell 10 percent to $233 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
London's Baltic Exchange and Chinese state-owned Ningbo Shipping Exchange said on Friday they would collaborate on container indices, the first foray by the Baltic into this segment of the freight market. Sources told Reuters in early October that the London Metal Exchange
After evaluating 627 applications, 50 of which were from ports, for the FY 2015 Transportation Investment Generating Economic Recovery (TIGER) grants, U.S. Department of Transportation (USDOT) Secretary Anthony Foxx today announced 39 awards for $500 million in funding to be made in the seventh
Shipping company Neptune Orient Lines Ltd (NOL) said on Friday its third-quarter net loss widened from a year earlier to $96 million, due to weak freight rates. NOL, controlled by Singapore's state investor Temasek Holdings, reported a revenue of $1
Shipping freight rates for transporting containers from ports in Asia to Northern Europe surged 327.7 percent to $988 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
The world’s first LNG-powered container vessel, TOTE Maritime’s Isla Bella, transited the Panama Canal October 30, marking a milestone not only for the maritime industry, but also for the Canal as it nears the completion of its expansion scheduled to open in 2016
Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. "Given the continued overcapacity headwinds and easing containerized trade demand
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31.8 percent to $674 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Shipping Exchange told Reuters.
Australia’s largest stevedore DP World Australia today confirmed that it had entered into an exclusive agreement with the Tasmanian Ports Corporation, Tasports, under which the two parties will work together to provide an international container terminal at the Port of Burnie in