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Panalpina’s profits tumble in Q1 2017 despite higher volumes

The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.

Shipping NewsPosted on: April 21, 2017

Navios Maritime Partners buys 14 Rickmers containerships

The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.

Shipping NewsPosted on: April 21, 2017

Port Manatee strengthens ties with Mexico, Colombia

Shipping line World Direct Shipping will continue bringing refrigerated produce and other goods into the Floridian Gulf Coast port from the Port of Coatzacoalcos in Veracruz while trade representatives from Colombia seek official trade ties with the port.

Shipping NewsPosted on: April 21, 2017

Report: Yang Ming stock trading suspended amid capital restructuring

Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.

Shipping NewsPosted on: April 21, 2017

Port of Everett breaks ground on new rail line

The construction of a new rail line to serve the Pacific Northwest seaport, scheduled for completion in November, will increase its current on-terminal rail footprint from 9,200 lineal feet to 12,500 lineal feet, the port authority said in a statement.

Shipping NewsPosted on: April 21, 2017

Truckload rate free fall hits 13th straight month

Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.

Shipping NewsPosted on: April 21, 2017

Maritime task force gives policy tips to Danish government

The task force, comprised of shipping CEOs and union reps, formalized 11 key policy goals to enhance the country’s maritime sector.

Shipping NewsPosted on: April 21, 2017

Goodman expands at Port of Hamburg

The logistics real estate owner will begin constructing a logistics center at the German port in May 2017.

Shipping NewsPosted on: April 21, 2017

Special Coverage: Navis thinks outside the terminal

Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the industry is behind in digitalization.

Shipping NewsPosted on: April 21, 2017

Commentary: Container chassis lease not a maritime contract

Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.

Shipping NewsPosted on: April 21, 2017

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