Port of New Orleans sees 22% bump in breakbulk cargo

The Port of New Orleans reported 140,391 total tons of breakbulk cargo during June, a 22% year-over-year increase from June 2020.

Breakbulk shipments to the port included steel coils and heavy-lift/project cargo.

On June 10, the port discharged 300 steel coils to a barge at Coastal Cargo breakbulk and heavy-lift terminal at the Louisiana Avenue Complex. The cargo was then transported to another barge and made its way upriver to be off-loaded at the Port of Caddo-Bossier in Shreveport, Louisiana.

Th...

https://www.freightwaves.com/news/port-of-new-orleans-sees-22-bump-in-breakbulk-cargo

Maritime company employee sentenced after stealing $7 million

Deepak “Jack” Jagtiani was sentenced to more than five years in prison for embezzling over $7 million from a Metairie, Louisiana-based marine cargo company and for defrauding the government of over $1 million in income taxes.

Jagtiani, 61, who was facing a maximum of 20 years in prison when he was indicted last year, admitted that he used his authority as the comptroller of Dan-Gulf Shipping Inc. to pay himself excessive salaries and benefits from the company between 2009 and 2019. Dan-Gulf...

https://www.freightwaves.com/news/maritime-company-employee-sentenced-after-stealing-7-million

Employee pleads guilty to stealing $7M from marine cargo company

An employee responsible for overseeing the finances of a U.S. Gulf Coast shipping company specializing in heavy-lift cargo pleaded guilty to embezzling over $7 million and making false statements on a federal income tax return.

Deepak “Jack” Jagtiani, who had been the comptroller of Metairie, Louisiana-based Dan-Gulf Shipping, admitted guilt in federal court Tuesday to both counts of an indictment filed against him in December.

Jagtiani, 60, admitted he used his authority to pay himself excessive...

https://s29755.pcdn.co/news/employee-pleads-guilty-to-stealing-7m-from-marine-cargo-company

Project cargoes keep AAL’s ships calling US Gulf ports

Project cargoes may not be the fastest movers on the high seas, but they have proved much less volatile than the U.S. container trades during the coronavirus pandemic.

Christophe Grammare, commercial director, AAL Shipping (Photo: Courtesy)

Singapore-based AAL Shipping, one of the world’s largest marine project cargo carriers with 25 vessels, has witnessed a steady increase in ship sailings involving the transport of large capital equipment from Asia to U.S. ports during the first half of 2020....

https://s29755.pcdn.co/news/project-cargoes-keep-aals-ships-calling-us-gulf-ports

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