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Latin America faces challenges with fall in commodity prices - by George Lauriat

For nearly a decade the major economies of South America rode a growth wave propelled by high prices for export commodities. In 2014 the wave crashed down as commodity prices dropped. Now it is a question of who will recover quickest and best, economies like Chile on the west coast or the mega-economy Brazil.

Global logistics exec urges industry not to let ‘good crisis go to waste’

Paul Scott Abbott | March 31, 2015 | International Trade

Opening the Georgia Logistics Summit, the top supply chain executive of a major food products marketer says the recent West Coast port congestion crisis provides an opportunity for improvement that should not be missed. Read More »

CaroTrans Adds Direct Le Havre to Charleston Import Service

AJOT | March 31, 2015 | Transport Intermediaries

CaroTrans today announces the addition of an expedited Le Havre, France to Charleston LCL import service. Read More »

Supply Chain Solutions Adopts CargoSphere Rate Technology Platform

AJOT | March 31, 2015 | Transport Intermediaries

CargoSphere today announces that Supply Chain Solutions (SCS), a leading supply chain management company, has adopted the CargoSphere rate technology platform to systematize rate and contract management and Rate Mesh networking Read More »

IUMI’s Spring Statistics report a continued reduction in total losses

AJOT | March 31, 2015 | Liner Shipping

The International Union of Marine Insurance (IUMI) has released its Spring Statistics which report on three key sectors: Hull, Cargo and Energy Read More »

Consolidated Shipping Group celebrates 20th anniversary

AJOT | March 31, 2015 | Transport Intermediaries

Consolidated Shipping Group (CSS) – the network agent for the FPS Group of independent forwarders and consolidators in seven countries - has celebrated its 20th anniversary. Read More »

Hamburg Süd closes take-over of CCNI’s container liner activities

AJOT | March 31, 2015 | Liner Shipping

Effective 27 March 2015, Hamburg Süd has taken over the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S.A. (Agunsa) with headquarters in Valparaiso and Santiago de Chile. Read More »

East-West shippers may see a reversal of trend in container contract costs

AJOT | March 31, 2015 | Liner Shipping

Ocean freight rates for cargoes moving under contracts on major East-West routes have increased for the first time in years, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers seeking to more closely monitor their international freight costs. Read More »

Konecranes received an order for three waste to energy cranes from Andritz OY

AJOT | March 31, 2015 | Ports & Terminals | Terminals

In January 2015, Konecranes received an order for three waste to energy cranes from Andritz Oy. The cranes ordered are two grab cranes and one turbine hall service crane. Read More »

MOL to Name New Chairman, President

AJOT | March 31, 2015 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the appointment of a new chairman and president. Read More »

MOL to Launch Biannual Vessel Safety Campaign

AJOT | March 31, 2015 | Liner Shipping

MOL President Koichi Muto announced the launch of its biannual safety campaign on April 1, targeting all MOL group-operated vessels. Read More »

Daily Vessel Report Now on Port of Long Beach Website

AJOT | March 31, 2015 | Ports & Terminals | Ports | Container Port

The section features a daily update showing all vessels at berth and anchor within the Port, as well as their arrival and departure dates and length of stay in Long Beach. Read More »

India’s February infrastructure output growth dips to 4-month low of 1.4%

Reuters | March 31, 2015 | International Trade

India’s annual infrastructure output growth slowed to a four-month low of 1.4 percent in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday. Read More »

Rise in illegal fishing threatens to revive Somali piracy

Reuters | March 31, 2015 | Liner Shipping

A rise in illegal fishing off Somalia could spark a resurgence in piracy, United Nations and Somali fishing officials have warned, nearly three years after the pirates’ last successful hijacking in the Indian Ocean. Read More »

EU to ban owners from scrapping ships on South Asian beaches

Reuters | March 31, 2015 | Liner Shipping

European, Turkish and Chinese recyclers are set to benefit from strict new EU rules on breaking up old ships, but the practice of dismantling them on beaches in South Asia - at great human and environmental cost - will still be hard to stop. Read More »

Kion, Mitsubishi in talks to buy UniCarriers

Reuters | March 31, 2015 | International Trade

Germany’s Kion and Mitsubishi Heavy Industries are in talks to buy Japanese forklift truck maker UniCarriers for up to 100 billion yen ($833 million), a source familiar with the matter said, confirming a Nikkei report. Read More »

Air and sea traffic disrupted as 120 km winds batter Netherlands

Reuters | March 31, 2015 | Ports & Terminals | Ports

Spring storms battered the Netherlands with gusts of up to 120 kilometres an hour on Tuesday, causing Amsterdam’s Schiphol airport to cancel flights and the closure of two container terminals at the port of Rotterdam. Read More »

Templeton’s Mobius says Greece to stay in euro, shares are cheap

Reuters | March 31, 2015 | International Trade

Veteran investor Mark Mobius of Templeton’s emerging markets Investment Trust told Greek financial daily Naftemporiki on Tuesday that Greece’s stock market was cheap and that the country would remain in the single currency club. Read More »

Direct ChassisLink, Inc. Names Jeremy Haycock New Chief Marketing Officer

GlobeNewswire | March 30, 2015 | Intermodal | Road

Direct ChassisLink, Inc. (DCLI) announces the appointment of Mr. Jeremy Haycock to the position of Senior Vice President and Chief Marketing Officer, effective April 15, 2015. Read More »

Orion Marine Group Announces a Contract Award of Approximately $11 Million

GlobeNewswire | March 30, 2015 | Breakbulk & Projects | Projects

Orion Marine Group, Inc. (NYSE:ORN) (the “Company”) a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $11 million. Read More »

Tanzania to spend $14 bln on railways, eyes regional hub status

Reuters | March 30, 2015 | Intermodal | Rail

Tanzania plans to spend $14.2 billion to construct a new rail network in the next five years financed with commercial loans, the transport minister said, as the country aims to become a regional transport hub. Read More »