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Monthly Archives: April 2009

Evergreen upgrades its Far East- Panama service (FPS)

Adjustments to Evergreen Line’s weekly Far East - Panama service (FPS), will cut the transit time from Kaohsiung to the Mexican port of Lazaro Cardenas from 23 to 16 days, and from Shanghai to the Caribbean hub, Colon Container Terminal to 25 days. Read More »

Virginia displays its unsolicited proposal

The Virginia Port Authority [VPA] has posted on its website a copy of the unsolicited proposal from CenterPoint Properties Trust. The information can be found at in the blue menu bar across the top of the page under the PPTA heading. Read More »

Terex agrees to purchase Fantuzzi-Noell

Following the Terex Corporation’s announcement of the acquisition of the Fantuzzi and Noell businesses in August 2008 for approximately €215m (US$285m), Terex subsequently announced in December 2008 that it was terminating the acquisition due to the existence of a material adverse change in the Fantuzzi business. Read More »

A second cost reduction programme for Los Angeles

The Port of Los Angeles is launching an Intermodal Container Incentive Programme (ICIP) that will pay shipping companies US$20 per teu for each additional container they bring into the port by rail that exceeds their 2008 level. Intermodal cargo accounts for just over 40% of the total container volume at the port, where throughput in 2008 amounted to some 7.9m teu. The new programme begins on May 1, 2009, and is expected to cost US$900,000. Read More »

A challenging year for Wilson,Sons

For Brazil’s Wilson, Sons 2008 was a year of significant challenges including meeting operational and financial targets, international trade flow uncertainties, and a slowdown in domestic export volumes and of course the onset of the global financial crisis that deepened dramatically in the late third quarter of the year. Read More »