Journal of Commerce

Ship Agents Raise Concerns Over Nehru Port's New Terminal Plan

JOC Staff — Wed, 19 Jun 2013 23:53:52 +0000

Local agents of container lines have expressed skepticism and concern over a decision by India’s Port of Jawaharlal Nehru to develop its fourth container terminal project with “one mega terminal” instead of two separate facilities. “We apprehend that the mega terminal would excite interest from ‘fewer’ bidders as it would be...

APM Terminals, Ningbo Port to Invest in Meishan Container Terminal

JOC Staff — Wed, 19 Jun 2013 23:20:55 +0000

Ningbo Port Group and APM Terminals have signed an agreement to jointly invest in and operate berths 3, 4 and 5 at the Chinese port’s Meishan Container Terminal. The deal reflects a 75 percent investment by Ningbo Port Group and a 25 percent investment by APM Terminals, the port-operating arm of...

Rail Gains Popularity for Asia-Europe Trade

Mike King, Special Correspondent — Wed, 19 Jun 2013 22:50:49 +0000

Slow-steaming by shipping lines, the shift of production centers in China inland and the easing of customs barriers in Eastern Europe are rapidly opening up overland transport routes between Asia and Europe. Trans-Russia routes from China into Eastern Europe and the ancient Silk Road via Kazakhstan are all seeing rising volumes....

Neovia Logistics to Acquire MIQ Holdings' Contract Logistics Division

JOC Staff — Wed, 19 Jun 2013 22:18:21 +0000

Neovia Logistics has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings. The contract logistics business provides warehouse management and fulfillment services, distribution solutions and other value-added supply chain services through a network of nine facilities in the U.S. and Canada. “This acquisition is a great strategic fit...

Tuthill Joins Spectrum Logistics as VP

JOC Staff — Wed, 19 Jun 2013 22:17:50 +0000

Gregory Tuthill, Spectrum Logistics' new vice presidentSpectrum Logistics and its parent company TOTE Logistics have hired Gregory Tuthill as vice president of the Spectrum team. Tuthill will focus on achieving zero safety incidents, completing the implementation of a new transportation management system, developing relationships with key logistics and maritime customers and...

Port of Tacoma's Container Volume Continues Upward Trend

JOC Staff — Wed, 19 Jun 2013 22:12:39 +0000

The Port of Tacoma reported container volume in May was 758,071 20-foot-equivalent units, increasing 31 percent year-over-year. The monthly gain reflects the its addition of the Grand Alliance and its associated carriers last July, as well as positive year-to-date growth from established customers, the Washington state port said in a written...

Walsh Gets CEO Job at Port Canaveral

JOC Staff — Wed, 19 Jun 2013 19:22:36 +0000

The board of commissioners of the Canaveral Port Authority in Florida has unanimously approved John Walsh as the new CEO of Port Canaveral. Walsh had served in the interim role since March as the board sought to replace former CEO Stan Payne. He was hired in February 2011 as deputy executive...

Japanese Exports to US Continue to Surge

JOC Staff — Wed, 19 Jun 2013 19:21:57 +0000

Japan’s exports to the United States rose for the fifth straight month in May on a year-on-year basis, surging 16.3 percent to 1.041 trillion yen ($10.96 billion), according to preliminary figures released by the Finance Ministry on June 19. The pace of growth in Japan’s exports to the U.S. in May...

Two More Ships Diverted From Maher Terminals

JOC Staff — Wed, 19 Jun 2013 19:15:46 +0000

Maher Terminals at the Port of New York and New Jersey has diverted two more vessels to other marine terminals to be discharged, as the terminal operator struggles to get back on track after problems with installation of a new Navis terminal operating system. Seven vessels in total have now...

Report: E-Commerce to Increase Need for Global Courier, Delivery Services

JOC Staff — Wed, 19 Jun 2013 19:15:36 +0000

The global courier and delivery services industry’s revenue is expected to rise 3.5 percent in 2013, according to an industry market research report from IBISWorld. The improvement is driven by an increasing number of individuals with Internet access, enabling more consumers to order goods from e-commerce Web sites, said Lauren Setar,...

IAG Cargo to Boost London-Rio de Janeiro Freight Capacity

JOC Staff — Wed, 19 Jun 2013 19:13:14 +0000

IAG Cargo adds another freight flight on its London-Rio de Janeiro route.IAG Cargo will offer additional freight capacity between London and Rio de Janeiro. The new flight will bring the weekly total on the Rio de Janeiro route to seven frequencies, adding an extra 42 metric tons of capacity per week....

Maersk Line Sells Pan-European Rail Unit to UK's Freightliner

JOC Staff — Wed, 19 Jun 2013 19:11:52 +0000

Freightliner, the United Kingdom’s second largest rail freight operator, today announced its acquisition of ERS Railways, the pan-European intermodal rail company, from ocean carrier Maersk Line. The companies did not disclose financial terms of the transaction, which is subject to regulatory approval. As part of the deal, Rotterdam-based ERS has signed a...

DP World to Build Terminal at Jawaharlal Nehru

JOC Staff — Wed, 19 Jun 2013 18:56:40 +0000

The Jawaharlal Nehru Port Trust, a container-handling port in India, and Nhava Sheva Gateway Terminal, a subsidiary of DP World at Jawaharlal Nehru Port, today signed a concession agreement for the development of a stand-alone container-handling facility at the Jawaharlal Nehru Port. Under the deal, a terminal with a quay length...

Infographic: How the P3 Network Stacks Up

JOC Staff — Wed, 19 Jun 2013 17:36:21 +0000

The P3 Network announced between Maersk Line, Mediterranean Shipping Co. and CMA CGM will bring together portions of the three largest global container ship fleets. The alliance, which is planned for the second quarter of 2014, will enable the three carriers to deploy their largest vessels in the Asia-Europe trade...

Implant Sciences Sells QS-B220 Systems to Major European Airport for Air Cargo Screening

PRESS RELEASE — Wed, 19 Jun 2013 16:56:16 +0000

WILMINGTON, MA--(Marketwired - Jun 17, 2013) - Implant Sciences Corporation (OTCQB:IMSC), a high technology supplier of systems and sensors for homeland security and defense markets, today announced the sale of Quantum Sniffer™ QS-B220 desktop explosives trace detectors to a major international airport in the European Union for use in air cargo screening. The Company...

Port of Long Beach Board Approves Budget, Names Fields as Board President

JOC Staff — Wed, 19 Jun 2013 14:45:37 +0000

Thomas Fields, the Port of Long Beach's new board president.The Port of Long Beach’s board of harbor commissioners has approved a $1.02 billion budget for fiscal year 2014. The port’s “aggressive” modernization, with projects such as the Middle Harbor terminal and Gerald Desmond Bridge Replacement, pushed the overall budget up by 6.6 percent...

Europe’s Port Sector Talks Focus on Long-Term Success

JOC Staff — Wed, 19 Jun 2013 14:39:25 +0000

The European Commission’s social dialogue committee in the port sector launched today in Brussels with port authorities, terminal operators, dockworkers and other port workers across the European Union. The new committee, which aims to promote discussions and represent both the employers and workers’ sides of the port industry, will examine the...

Drewry Trans-Pacific Rate Holds at $1,957

JOC Staff — Wed, 19 Jun 2013 14:37:06 +0000

Drewry Container Rate Benchmark, June 19, 2013 Full-size image Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July...

South Carolina Ports Authority Approves FY2014 Budget

JOC Staff — Wed, 19 Jun 2013 14:28:11 +0000

The South Carolina Ports Authority board of directors has approved its fiscal year 2014 plan, which includes volume increases across business segments and $123 million in capital spending on a number of projects. From July 1, 2013, to June 30, 2014, capital spending will fund infrastructure investments such as the new...

History Lessons

Barry Horowitz — Wed, 19 Jun 2013 14:26:10 +0000

Having just returned from a visit with my civil engineer son (traffic and transportation … go figure) and his family in the Washington, D.C., area, here are some impressions of the historical sightseeing we did in the Virginia countryside. Whenever I visit such places, my thoughts turn to the early days...