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Gary G Burrows

Dry Bulk Shipping Not Expected to See Profitability Before 2017

The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry. Ship owners continue to struggle to recover their costs as commodity demand falls far short of owners’ expectations. As a result ship owners continue to downsize their vessel holdings which will enable oversupply ... [+]

Direct CaroTrans Miami-Manaus LCL Service Supports Growing FTZ

NVOCC and freight consolidator CaroTrans has announced a new, direct, biweekly LCL export service between Miami and Manaus, Brazil where container volumes have grown considerably the last 10 years.  The first sailing occurred November 29th. Miami serves as a strategic consolidations hub for freight originating from China, Japan, South Korea, Taiwan, ... [+]

Congress Passes Surface Transportation Bill, Reauthorizes Ex-Im Bank

News hailing from December 3: Congress has passed a long-term reauthorization of the Export-Import (Ex-Im) Bank and surface transportation bill. Groups, such as the Washington Council on International Trade (WCIT) and its members – farmers, manufacturers, retailers and service providers from across Washington state – celebrate the news. “It’s a big win ... [+]

CEVA Logistics appoints new Contract Logistics Operations Director for Iberia

CEVA Logistics has appointed Oriol Bartol to the position of Director Contract Logistics for Iberia.  He will also join the company’s Board of Directors in Iberia. [+]

Kerry Logistics Wins International Award at DHL/SCMP Hong Kong Business Awards

Kerry Logistics Network Limited, a leading logistics service provider in Asia, has been presented with the International Award at the DHL/SCMP Hong Kong Business Awards 2015. A dazzling award ceremony attended by senior executives and dignitaries was held in Hong Kong on Dec. 3 to jointly celebrate the occasion with winners ... [+]

Axalta Reduces Corporate Risk with Export On-Demand Solution

Axalta Coating Systems, a global coatings company, is using Amber Road’s Export On-Demand solution. Amber Road offers a leading provider of global trade management (GTM) solutions Axalta develops, manufactures and sells a wide selection of performance and transportation coatings to more than 120,000 customers in 130 countries. The company is enhancing its ... [+]

LCrowley Breaks Ground on $48.5M Pier, Terminal in San Juan

Crowley Puerto Rico Services, Inc. has broken ground on a $48.5-million construction project for a new pier at its Isla Grande Terminal in San Juan, Puerto Rico. The project includes the development of a new 900-foot-long, 114-foot-wide concrete pier and all associated dredging needed to accommodate Crowley's two new liquefied natural ... [+]

ModusLink Launches E-Commerce Hub to Drive Industry Collaboration and Innovation

ModusLink Global Solutions™ Inc., a global, omni-channel technology and fulfillment provider, announced the grand opening of its new e-commerce solutions center, located in Apeldoorn, Netherlands. The vision is for the facility, in conjunction with its sister ModusLink facility in Venray, Netherlands, to become an e-commerce hub – attracting partners and ... [+]

MOL Containership Rescues Castaways

Mitsui O.S.K. Lines, Ltd. President & CEO: Junichiro Ikeda announced that on Oct. 29, 2015, the MOL-operated containership MOL PROFICIENCY safely rescued all two survivors 400 kilometers offshore of Canary Islands. Details of the rescue follow: •    At 09:05 (all times in local time) on October 29, 2015, the MOL PROFICIENCY, sailing ... [+]

Air Lease Delivers Four Boeing 777-300ERs to EVA Air

Air Lease Corporation has delivered the first of four new B777-300ER widebody aircraft on long term lease with EVA Air (Taiwan). The additional three aircraft are scheduled for delivery in 2016 and 2017, and all four are from ALC’s order book with Boeing. “ALC is delighted to deliver this first of ... [+]

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