As many as 100 more Panamax vessels – containerships with capacity of 4,000-5,000 TEUs – need to be scrapped before owners see any significant increase in demand and charter rates, according to the latest weekly report from industry analyst Alphaliner.
TREND DIRECTOR’S BLOG: LINEAPELLE FAIR – S/S 18 TRENDS
Lineapelle New York, a two-day event, is home to some of the most exclusive international leather, textile and synthetics producers for handbags, leather goods, shoes and upholstery. The cutting-edge and high quality exhibitors make it a must-see for designers, product developers and merchandisers. Accessories Magazine stopped by to check out …
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WWDMAGIC TO DEBUT NEW LOOK AND FEEL AT FEBRUARY VEGAS SHOW
WWDMAGIC, a subsidiary of UBM Fashion Group and the largest showcase of women’s apparel and accessories in the fashion industry, will debut a new look and feel to its Las Vegas showcase. The revamp will debut at the February show, February 21-23, 2017 and will appeal to all the senses …
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BARNEYS NAMES DANIELLA VITALE NEW CEO
Daniella Vitale, formerly chief operating officer of Barneys New York, has been named chief executive officer of the luxury retailer. Her mentor Mark Lee, who joined Barneys as chief executive in 2010, has been named executive chairman reporting to Ric…
Forwarder booking processes still lagging, Freightos says
The technology provider, which operates a freight rate marketplace, conducted a myster shopper exercise that found most big forwarders still take days to quote rates.
NWSA container volumes up 2% in 2016
The Northwest Seaport Alliance handled 3.6 million TEUs for the full year in 2016, a 2 percent increase from the previous year and the highest throughput for the ports since 2007, according to recent data from the port authority.
Landstar boosts net income, revenues in Q4 2016
Meanwhile, Landstar System, Inc.’s board of directors declared a quarterly dividend of $0.09 per share payable March 17, 2017 to stockholders of record at the close of business on Feb. 20, 2017.
Judge grants class certification in driver lawsuit
T.J. England, the chief legal officer for Salt Lake City-based trucking carrier C.R. England, said it intends to immediately appeal the decision.
Commentary: A dying breed
BlueWater Reporting has illustrated how ocean carrier alliances have taken over the Asia-Europe and transpacific trades over the years, as independent carriers have all but disappeared from these trades.
DHL, Unifor lack of agreement to result in strike
The Canadian labor union said its 800 members will be in a legal strike position as of Feb. 6 at 12:01 a.m. eastern time.