Non-asset based logistics company KFS, Inc., which has been in business for over twenty-five years, has been acquired by Business Intelligence Group.
Clarksons boosts profits in first half 2016
The ship broking and shipping services group saw profits in the first six months of the year more than double to 13 million British pounds compared with the same 2015 period, according to the company’s most recent unaudited financial statements.
BAE Systems mulls freighter conversion program
The aircraft manufacturer is considering the launch of a passenger-to-freighter conversion program for its Avro RJ jetliner and is seeking customer feedback in an effort to assess market potential, the company said in a statement.
HHLA takes delivery of three new cranes at CTB
Hamburg Hafen und Logistik AG’s Container Terminal Burchardkai received three new container gantry cranes Sunday, and once they go into operation, the terminal will be able to handle ships with a capacity of 20,000 TEUs and more at two berths.
GRI Roundup: Maersk, CMA CGM, Hapag-Lloyd, MOL and Emirates
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and Emirates issued rate increases, while members of the Caribbean Shipowners Association issued a peak season surcharge.
Special Coverage: Allcargo’s transition to a dominant ocean freight consolidator
Mumbai-based Allcargo Logistics now operates the largest number of offices of any less-than-containerload consolidator in the world, with 300 offices across 160 countries.
Port of Long Beach posts 7.7% drop in container volumes
The Southern California port attributed its 7.7 percent year-over-year drop in container volumes in July to high inventory levels and a slow start to the peak season.
Governmental Notices August 6th – 12th, 2016
The following updates and governmental notices may be of interest to our members and the trade: APHIS’ Notices concerning the Importation into the Continental United States of Fresh Figs and Fresh Pomegranates from Peru and Orchids in Growing Media From the Republic of Korea; CBP’s Notices of the Correction to the…
Gemini Shippers Group Supports Trade Facilitation Agreement (TFA)
Gemini Shippers Group joined nearly thirty other associations in a series of joint letters to U.S. trading partners urging them to quickly ratify and implement the Trade Facilitation Agreement (TFA). Letters were sent to free trade agreement (FTA) partners (see sample) and non-FTA (see sample here). The TFA – a…
International Longshoremen’s Association (ILA) Update
According to a Journal of Commerce article today, the International Longshoremen’s Association (ILA) has put a hold on early contract extension discussions with the United States Maritime Alliance (USMX). The parties had started initial discussions late last year on the potential for a contract extension. According to a statement from…