Container lines look anew at Asian trades
Apparently in response to market demand, the end of 2017 and the first couple of weeks of the year have seen the launch of a flurry of new and enhanced services from several key lines on intra-Asia and China-Southeast and South Asia routes in particular.
Senate confirms Trump's railroad nominee
After months of holdup, the Senate on Tuesday confirmed the nomination of Ronald Batory to serve as the federal railroad administrator, a move that follows several deadly train crashes in recent weeks.
EU antitrust regulators to fine NYK, Wilhelmsen, other car shipping firms
EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter.
HMM notches up billion-dollar loss, but carrier still plans to order more megaships
Hyundai Merchant Marine (HMM) slumped to a KRW1.2trn ($1.1bn) net loss in 2017. And this follows a KRW484bn loss the year before, bucking the industry trend of improved profitability. However, seemingly undaunted by the magnitude of its continued losses, the South Korean carrier is to invest $95m in 30,000 new containers and is reported to be on the verge of an order for a dozen 22,000 teu vessels and eight of 13,000 teu.
ELD Mandate Presents Opportunity to Boost Fuel Efficiency, Technology Vendors Say
Complying with the U.S. Federal Motor Carrier Safety Administration’s electronic logging device mandate may create new expenses for new adopters of the technology, but the devices also could generate fuel savings for carriers depending on the type of system they deploy and how they use the data.
IMO Signs Partnership Deal with European Bank
The IMO has signed a new partnership agreement with the European Bank for Reconstruction and Development (EBRD) to help promote sustainable shipping and ports in selected countries.
Disabled Containership MOL Prestige Under Tow Off British Columbia
The disabled containership MOL Prestige is under tow back to Canada after suffering an engine room fire last week that left the ship adrift off British Columbia, Canada.
Never Underestimate the Risk of Explosion in a Freight and Logistics Warehouse
Apart from the obvious risks in many a logistics operation, an expression of liquid gas when changing a fork lift truck bottle, an accidental spillage of fuel, and exactly the type of incident which should normally countered by proper Health and Safety protocols, most warehousemen will have never encountered a serious explosion, and indeed given it much thought.
Embark’s self-driving truck completes 2,400 mile cross-U.S. trip
Embark’s autonomous trucking solution just demonstrated what it could be capable of in a big way: It make a coast-to-coast trip from L.A. to Jacksonville, Florida, driving 2,400 miles from one end of the U.S. to the other.
Gridlock hurting business at Nigeria’s busiest port
Getting to and from Apapa — the catch-all name for Lagos’ two seaports of Apapa and Tin Can Island — has increasingly become a nightmare for pretty much everyone. Now, with the chronic traffic jams hurting business and no sign of any swift resolution to the problem, labour unrest is looming large on the horizon.