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Ocean Transportation: Page 167

GEFCO Acquires IJS Global

The GEFCO Group, a global player in logistics for manufacturers and in European automotive logistics, has signed an agreement with the private equity fund Nimbus to acquire the Dutch company IJS Global, which specializes in air and sea freight operations.

CO2 Emissions from Ocean Vessels Has Been on Decline Since 2009, Study Says

Annual reporting from BSR's Clean Cargo Working Group indicates that average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8.4 percent from 2013 to 2014 and by more than 29 percent since 2009.

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Confidence in Logistics Market Growth Slips, Report Finds

The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest.

How to Stop Longshore Labor From Paralyzing U.S. Ports

U.S. West Coast ports are being "held hostage" by longshore labor. So says one noted economist.

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What Would Emission Control Area Mean for Shipping in Port of Singapore?

A Singapore-based scientist has urged the nation to implement an emission control area (ECA) to combat rising pollution.

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CaroTrans Launches Direct, LCL Service From India to U.S.

CaroTrans International, a non-vessel operating common carrier, has inaugurated a direct less-than-containerload (LCL) import service from Nhava Sheva, India to the Port of Charleston, S.C.

Charleston Looks to Have Deepest Port on U.S. East Coast

The U.S. Army Corps of Engineers has given its final substantive approval for the deepening of South Carolina's Charleston harbor to accommodate post-Panamax container ships.

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.

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.

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