Forwarding

Panalpina Group reported net profit of approximately US$4.4 million for the third quarter of 2012, compared with approximately US$33.7 million in the same quarter a year ago.

State-owned Container Corp. of India boosted second quarter net profit 32 percent from a year earlier to $44 million, driven by higher earnings from its core export-import intermodal operations, the company said in a statement.

Daina Shipping, the registered owners of the container ship Rena, was today fined NZ $300,000 (about US$246,667) in the Tauranga District Court in New Zealand...

Singapore-based Neptune Orient Lines Group today reported profit in the third quarter was $50 million, up $141 million from the $91 million net loss posted in the same quarter last year.

New Zealand has submitted proposals to the Global Shippers’ Forum, representing the freight transportation industry, to withdraw antitrust immunity for international shipping services...

Container lessor CAI International’s third quarter net profit rose 21 percent to $16.5 million, and revenue jumped 36 percent to $44.9 million as utilization rates remained strong despite a sluggish global economy.

A.P Moller-Maersk has turned to the Swedish bond market in an effort to raise fresh capital.

NOL Group President and CEO Ng Yat Chung doesn’t expect a rate war on the Asia-Europe trade lane, largely because carrier alliances are removing capacity and carriers realize “increased competition in a shrinking market isn’t a recipe for prosperity.”

The World Shipping Council today named Damian Viccars as its newest Brussels Representative...

Panalpina Group’s air freight volumes are expected to be weak in the third quarter of 2012, negatively impacting the company’s preliminary earnings...

The Port of Virginia handled 182,318 20-foot-equivalent units in September, up 11 percent compared with September 2011 and the port’s eighth consecutive month of growth...

Direct ChassisLink, Inc. will become a participant and chassis contributor to Consolidated Chassis Management, LLC’s Chicago and Ohio Valley Consolidated Chassis Pool and Gulf Consolidated Chassis Pool...

Year-to-date cargo shipments were 25.1 million metric tons from March 22 to Sept. 30, basically flat compared with the same period in 2011, reported the St. Lawrence Seaway today.

The Panama Canal reached record tonnage of 333.7 million Panama Canal tons during fiscal year 2012, which ended Sept. 30.

A.P. Moller Maersk will ask energy trading company Vitol regarding its use of the Maersk Producer.

Maersk Line plans to hike its rates on westbound trade from the Indian subcontinent to North Europe, start

Joe Ruddy had a big problem.

E-commerce distribution is expanding at the speed of broadband, giving a jolt to the broader industrial space market that is picking up but still growing closer to the pace of modem dial-up.

The U.S. Grains Council is predicting a strong Chinese corn crop, driven by higher yields and an increase in planted acreage.

The G6 Alliance of European and Asian container carriers will start a feeder shuttle between two German

Turkey’s Yildirim Holding has acquired a 54 percent stake in Gemport, a container terminal on the southeast coast of the Marmara Sea near the capital, Istanbul.

Container volumes at West Coast ports inched up in August, with imports increasing slightly and exports decreasing a bit.

WASHINGTON D.C.— The U.S.-Panama free trade agreement likely will take effect in November, with the signature of President Ricardo Martinelli being one of the last steps to implementing the long-delayed pact.

Representatives of the International Longshoremen’s and the New York Shipping Association have opened negotiations on a contract covering issues including work rules and pay practices in the Por

Without being detected, pirates recently plundered NZ$20,000 (about US$16,387) of specialized salvage equipment that had been on board the barge RNG280 as it sailed through the Strait of Malacca on it

CMA CGM is in advanced negotiations for a $150 million cash injection by France’s state investment fund in return for a 6 percent stake in the French ocean container carrier, according to media

The Containerization and Intermodal Institute presented its 2012 West Coast Connie Awards to Matthew J. Cox, president and CEO of Matson Inc., and Donald C.

Richardson International Ltd. plans to tap growing agriculture export markets by spending about $120 million to expand its port terminal facility in Vancouver.

A third weekly sailing is being added to the 64

Although China’s growth has slowed from double-digits down to the high single-digit range, the growth of food consumption is showing no signs of slackening.

Ocean carriers must cut capacity on the Far East-Europe route by a further 30,000 20-foot-equivalent units over the next two months to shore up planned rate hikes in November, according to industry an

Europe Container Terminals, Rotterdam’s biggest container handler, is joining forces with the port authority and Dutch logistics group Kloosterboer to develop a pan-European intermodal hub for t

North America Western Asia Holdings on Oct.