Ocean Ports & Carriers: Page 89

E-Commerce Solutions

E-Commerce Gives Online Shipping Carriers An Edge As Holidays Approach; Railroads, Ocean Vessels And Truckers Sales Fall

Physical retailers are sitting on near record-high inventories as consumer spending hasn’t yet caught up with hopes of a surge stoked by low gasoline prices.

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Triton Container International And TAL International Merge, Creating Largest Intermodal Freight Container Fleet

Under the terms of the transaction agreement, Triton and TAL International will combine under a newly-formed holding company, Triton International Limited, which will be domiciled in Bermuda and is expected to be listed on the New York Stock Exchange.

The transaction, which has been unanimously approved by the boards of directors of both companies, will create the world’s largest lessor of intermodal freight containers with a combined container fleet of nearly five million twenty-foot equivalent units (TEU) and revenue earning assets of $8.7 billion.

Ocean Ports & Carriers

Georgia and South Carolina Ports Authorities Partner on Ocean Terminal

Georgia Ports Authority

The updated agreement outlines the development of terminal design and infrastructure, plans for financing and execution of the operational decisions during the permitting process.

The South Carolina State Ports Authority and the Georgia Ports Authority will jointly own and operate the terminal, which will be located in Jasper County near the entrance of the Savannah Harbor.

Ocean Ports & Carriers

U.S. Ports Post Big Decline In September And October

For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp.

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States Race To Deepen U.S. Ports, Anticipating Panama Canal Boom

At least four ports in Florida, Georgia and Texas have decided to foot the bill to deepen federal waterways, a total of almost half a billion dollars, rather than wait years for funds.

This project involves dredging as needed within the existing 40-foot Delaware River federal navigation channel to deepen it to 45 feet from Philadelphia Harbor, Pa. and Beckett Street Terminal, Camden, N.J. along a 102.5-mile distance to deep water in the Delaware Bay.

CMA CGM SA Offers To Acquire Neptune Orient, Southeast Asia’s Container Shipper

Neptune Orient, which helped cement Singapore’s status as a global trade hub, is attracting takeover interest after simplifying its structure this year by selling its $1.2 billion logistics unit.

CMA CGM has made a preliminary offer for Neptune Orient and is conducting due diligence, though it hasn’t been granted exclusivity, while discussions with Maersk are less advanced, people with knowledge of the matter said before Neptune Orient’s announcement.

Maersk Line To Slash 4,000 Jobs In Response To Market Outlook

A.P. Moller- Maersk

Over the next two years, Maersk Line expects to lower the annual sales, general and administration (SG&A) cost run-rate by $250 million with an impact of $150 million in 2016.

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Ocean Ports & Carriers

Walmart Switches To Wood Grain Plastic Containers For Produce

Walmart and IFCO North America have executed an agreement stating IFCO will provide Walmart US with a new generation of wood grain reusable plastic containers (RPCs) for wet and dry produce.

Primed For A Panamax-sized Opportunity

Ports along the Gulf Coast will be ready to compete for the increase in containerized cargo an expanded Panama Canal will bring their way.

The Port of New Orleans recently welcomed the return of Chiquita after a 40-year hiatus.

China’s Economic Woes Weaken U.S. Exports

September was the eighth straight month in which empty containers leaving the Port of Long Beach outnumbered those loaded with exports.

Last month, Long Beach and the Port of Oakland both reported double-digit gains in exports of empty containers. So far this year, empties at the two ports are up more than 20 percent from a year earlier.

Ocean Ports & Carriers

Imports Bring Port Of New York And New Jersey Busiest August Ever

Nearly 330,000 containers passed through terminals overseen by the Port Authority of New York and New Jersey, a 7.9 percent gain from a year earlier.

During the year, the port handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers), an increase of 10.4 percent over 2014 when the previous annual record was established.

Ocean Ports & Carriers

SC Line Launches Shipping Service Between U.S. And Cuba

On Sept. 20, the SC Line vessel Caroline Russ berthed at Mariel in Cuba, the first call on a new service every 14 days linking Port Everglades, Fla. with Mariel and Santiago de Cuba.

SC Line has launched a new shipping service from Port Everglades, Fla., and Cuba.

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