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Logistics News
Business, Logistics

Maersk Raided in South African Shipping Collusion Probe

South Africa’s Competition Commission searched the premises of six shipping companies, including AP Moeller-Maersk A/S, as part of an investigation into allegations that they colluded to fix incremental cargo rates between Asia and South Africa.

Liezel Hill | Bloomberg News
September 28, 2016
Business, Government, Logistics

Consumer Confidence Hits Nine-Year High on Job Optimism

Consumer confidence rose in September to the highest level since before the last recession on optimism about the labor market, according to a report from the New York-based Conference Board on Sept. 27.

Patricia Laya | Bloomberg News
September 27, 2016
Business, Logistics

Maersk May Target Hanjin, Hyundai in New Acquisition Strategy

A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according to Jefferies International Ltd.

September 26, 2016
Business, Logistics

Hyundai Merchant Said to Be Looking at Buying Hanjin Assets

Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.

Kyunghee Park | Bloomberg News
September 26, 2016
Business, Logistics

Tough Times for Intermodal as Freight Slows, Execs Say

HOUSTON — Intermodal businesses that have become accustomed to long-term growth likely are facing tougher times ahead in the form of a recession, changing freight patterns and other obstacles.

Rip Watson | Special to Transport Topics
September 26, 2016
Business, Logistics

Hanjin Clients Report Price-Gouging, Container Pileups

Hanjin Shipping Co. and its customers are being asked to pay more than usual to bring freight into U.S. ports, creating a backlog that could keep goods off shelves during the holiday shopping season.

Tiffany Kary | Bloomberg News
September 23, 2016
Business, Logistics

Maersk Ends Megaship Building Era With New Acquisition Plans

The owner of the world’s largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.

September 23, 2016
Business, Government, Logistics

Duane Kenagy Appointed Interim CEO of Port of Long Beach

The Board of Harbor Commissioners approved Duane Kenagy to become interim CEO at the Port of Long Beach, California, while the search for a permanent replacement is under way.

September 22, 2016
Business, Logistics

Hanjin Tells Major Retailers That Vessels Won't Stop in the US

Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.

Ari Ashe | Staff Reporter
September 22, 2016
Business, Logistics

Hanjin Gets $45 Million Credit Line to Unload Cargo From Stranded Vessels

Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply chain disruptions caused by the collapse of the nation’s biggest container mover.

Kyunghee Park | Bloomberg News
September 22, 2016
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