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Global Logistics: Page 153

Marine Cargo Insurance Market Rocked by Large Losses, Especially Tianjin

Large cargo losses are having a significant impact on the marine insurance sector, says Nick Derrick, chairman of International Union of Marine Insurance's cargo committee. He spoke in Berlin, at IUMI's annual conference.

PhoenixNAP Releases Disaster Recovery as a Service

PhoenixNAP, a provider of cloud, dedicated server, co-location and infrastructure-as-a-service technology, has released its new Disaster Recovery as a Service (DRaaS) offering.

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Insurance Damage Caused by Tianjin Blasts Could Top $3Bn

New York reinsurance broker Guy Carpenter & Company has estimated that it could cost $3.3bn to cover the extent of losses associated with the Tianjin explosions.

CEVA Launches Weekly LCL Service From Singapore to New York

CEVA Logistics has launched a weekly less-than-containerload (LCL) service from Singapore to New York.

Sweden Plans to Introduce Tonnage Tax in Summer of 2016

The Swedish government has proposed a tonnage tax system that means Swedish shipping companies will operate under competitive conditions similar to companies in other countries in Europe. The tonnage tax would be introduced in summer 2016.

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Retail Imports Are on Rise as Holidays Approach

Import cargo volume at the nation's major retail container ports is expected to increase 1.2 percent this month over the same time last year as retailers head toward the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Exports From U.S. Foreign-Trade Zones Hits All-time High of $99Bn in 2014

The value of exports from America's foreign-trade zones (FTZs) increased by 24.8 percent in 2014, to a record $99.2bn in merchandise exported, according to figures released by the U.S. Foreign-Trade Zones Board in its recent Annual Report to Congress. The 2014 export figure also represents a threefold growth of FTZ exports in the five years since 2009.

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XPO Logistics Agrees to Acquire Con-way Inc.

XPO Logistics Inc. has entered into an agreement to acquire Con-way Inc., the Fortune 500 provider of less-than-truckload and full truckload transportation, contract logistics and truck brokerage.

Vessels in or Near Tianjin Explosions May Be Contaminated With Hazardous Chemicals, Maritime Administration Warns

The United States Maritime Administration has issued Advisory 2015-02 concerning possible contamination by hazardous materials caused by the explosions that occurred last month at the Port of Tianjin, in China.

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Labelmaster Issues New Emergency Response Guidebook

Labelmaster has developed the 2016 edition of its Emergency Response Guidebook.

Roadrunner Renames Transportation Management Unit

Roadrunner Transportation Systems Inc., an asset-light provider of transportation and logistics services, has changed the name of its Transportation Management Solutions operating segment to Global Solutions.

IMAGINiT Technologies Introduces Strategic Accounts Team

IMAGINiT Technologies, a division of Rand Worldwide, has introduced a new strategic accounts team.

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