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Matson earnings jump 34% in Q3 2017

The Honolulu-based ocean carrier recorded a net income of $34.1 million on revenues of $543.9 million for the third quarter of 2017 amid strong demand for its China and southbound Alaska services.

Shipping NewsPosted on: November 6, 2017

U.S. transportation employment rises in October

The nation’s transportation and logistics sector added 8,400 jobs in October 2017, according to recent preliminary data from the U.S. Department of Labor.

Shipping NewsPosted on: November 6, 2017

Agility grows Q3 earnings, revenues

The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and 15 percent year-over-year, respectively.

Shipping NewsPosted on: November 6, 2017

Blackstone buys logistics portfolio from Principal Financial

The private equity firm’s purchase of the 4 million-square-foot industrial real estate portfolio reportedly includes warehouses, distribution centers and other industrial sites.

Shipping NewsPosted on: November 6, 2017

Euronav sinks into the red amid ‘challenging’ freight market

The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according to Euronav’s most recent financial statements.

Shipping NewsPosted on: November 6, 2017

COSCO Shipping Ports inks CFS agreement in Abu Dhabi

The terminal operator arm of Chinese state-run conglomerate COSCO Shipping will lease a container freight station (CFS) at the site of the new CSP Abu Dhabi terminal, which is slated for completion by 2019.

Shipping NewsPosted on: November 6, 2017

Qatar Airways purchases minority stake in Cathay Pacific

The airline was rejected by American Airlines earlier this year, but has now been able to secure a 9.6 percent share in Hong Kong-based airline Cathay Pacific.

Shipping NewsPosted on: November 6, 2017

FMC reviews 13 OTI license applications

The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.

Shipping NewsPosted on: November 6, 2017

Executive Moves: MTC Logistics and USMEF

MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.

Shipping NewsPosted on: November 6, 2017

EU firms fear Brexit standstill will wreak havoc on U.K. supply chains

Nearly two-thirds of businesses in the European Union expect to move some portion of their supply chain operations out of the United Kingdom as a result of Brexit, according to a survey from the Chartered Institute of Procurement & Supply (CIPS).

Shipping NewsPosted on: November 6, 2017

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  • Gemini Shippers joins coalition seeking suspension of detention and demurrage charges
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  • Federal Maritime Commision – Covid-19 Supply Chain Investigation Shifts Focus to NY/NJ in Phase Two
  • ONE reports $192 million loss in second quarter
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  • ITC weighs testimony in aluminum AD/CVD case
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Fashion Accessories Shippers Association

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