The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
02 Oct 2013
Compañía Sud Americana de Vapores has agreed with a consortium of banks to take on $347 million in loans to help pay for the purchase of seven new ships, Reuters reports.
27 Sep 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in October and November.
06 Sep 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in September and October...
04 Sep 2013
U.S. containerized imports climbed 1.5 percent year-over-year in June, following growth in April and May, according to advance figures from PIERS, a JOC sister company. U.S. containerized imports totaled 1.5 million 20-foot-equivalent units in June.
21 Aug 2013
Compañía Sud Americana de Vapores said it hopes to raise $330 million, compared with its initial goal of $500 million, in a share offering that will run until Sept. 18.
19 Aug 2013
The U.S. Department of Agriculture’s Food Safety and Inspection Service has expanded the amount of chicken products being recalled by the Chilean Ministry of Health.
15 Aug 2013
Compañía Sud Americana de Vapores has approved the sale of two 6,500 20-foot-equivalent unit ships, in line with the Chilean carrier’s strategy of having larger and more efficient ships.
01 Aug 2013
Compañía Sudamericana de Vapores reported its profit in the second quarter of 2013 was $34.3 million, compared with a net loss of $140.2 million in the second quarter of 2012.