C.C. Tung, chairman of OOIL, said that “there are underlying developments that support a degree of cautious optimism” about the outlook for the shipping industry.
“Due to continued losses and low levels of liquidity, we’ve been extremely conservative with our capital, spending only what is deemed essential to maintain existing infrastructure,” Joseph Corbett, USPS’ chief financial officer, stated.
APM Terminals Izmir in Turkey has recently ordered three ship-to-shore quay cranes capable of handling containerships larger than 10,000 TEU from ZPMC in China. In addition, the terminal operator has 10 rubber-tire gantry cranes on order with the Shanghai-based equipment maker. They will be delivered in the summer of 2015 as part of […]
The Federal Aviation Administration recently issued civil penalties to three companies, including logistics service provider Kuehne + Nagel, for improperly shipping hazardous material.
Third party logistics services provider Agility has entered a partnership with Shanghai International Port Group Logistics (SIPGL) to expand its East China ocean freight services. The agreement covers both less-than-containerloads and full-containers, as well as break-bulk cargo. SIPGL will provide depot management, vessel planning and loading, trucking, door-to-port and port-to-door, container freight station […]
Trade advocates say there still is a window of opportunity to implement the agreement on trade facilitation reached by ministers at a World Trade Organization meeting in Bali, Indonesia, last December. India is receiving the largest amount of blame for the failure to reach a final agreement on an implementation framework by July […]
Hapag-Lloyd officials have said the carrier will scrap older ships at “green recycling yards.” The company confirmed reports by Deutsche Presse-Agentur and broadcaster Deutsche Welle that it will no longer sell older ships on global markets, where they may be brought to shipbreaking beaches in countries such as India, Bangladesh and Pakistan. […]
The web-based global trade management solutions provider QuestaWeb said this week that its suite of TradeMaster applications is now compatible with the latest version of the HTML5 standard, including cross-browser compatibility with Internet Explorer 8-11, Google Chrome, Mozilla Firefox and Apple Safari. The upgrade means users of the applications can “expect the same […]
The third party logistics services provider SEKO Logistics has begun using the cloud-based global rate management solution provider CargoSphere’s confidential Rate Mesh product for ocean and air freight, the company said Tuesday. More than 100 SEKO personnel in Asia, U.S., Europe and Latin America are using CargoSphere’s system for rate searches, quoting, self-publishing […]
The Pipeline and Hazardous Materials Safety Administration has published a proposed rulemaking in the Federal Register that provides an exemption to hazardous material regulations for reverse-logistics shipments by road. According to the notice, the new rule would give reverse-logistics shipments “opportunities for reduced compliance costs among hazmat shippers and carriers, without any decrease […]
“DP World Vancouver is still experiencing an extremely high discharge volume of U.S. cargoes. This, combined with a Canadian cargo increase and rail car supply that does not meet the discharging volumes” led to the restrictions.
The temporary funding law is paid for by raising customs fees, taking money from another trust fund, and adjusting pension rules so companies pay more in taxes now than in the future.
With work still not complete on the $6 billion-plus third set of locks for the Panama Canal, the agency that manages the critical commercial waterway has already begun to plan the next expansion.
Airports around the world reported an average cargo-activity increase of 2.2-percent in June, according to Airports Council International. ACI said the increase, which continues a trend seen during the last three quarters, is due to a ramp up of domestic demand in many countries and an overall recovery in world trade. In the […]
Pasha has said the ship is expected to enter service later this year, carrying containers and ro/ro cargo between Southern California and Hawaii, where today it operates the ro/ro ship Jean Anne.
To date, the service has hauled 7,259 containers on 116 voyages, which has removed an estimated 24,629 truck trips from I-580 and helped reduce diesel emissions by 80 percent.
The National Customs Brokers & Forwarders Association of America has taken issue to a recently proposed regulation by the Federal Motor Carrier Safety Administration that would broaden the definition of transportation intermediary. Under the new regulation, the NCBFAA said, intermediaries could now be defined as everything from customs brokers to NVOCCs, which would […]
Russia’s import ban in response to sanctions from the U.S. and Europe over the war in Ukraine will hurt companies that ship a variety of agriculture products, according to officials. In calendar year 2013, the United States shipped $1.3 billion of agricultural and related food products (including fish and forestry products), and of […]
Hapag-Lloyd has announced several rate increases. Effective August 18, it will increase rates for all cargo and container type moving from the Far East to Mediterranean or North Europe by $650 per TEU. Effective September 1, it will implement a General Rate Increase for dry, reefer, flat rack and open-top containers from East Asia […]
American Shipper and BPE Global have been benchmarking import supply chains for six years – no one has a better handle on the innate complexities facing import transportation and compliance teams. This year’s study captures the extent to which advances in sophistication and technology deployment are being offset by increased external complexity. Importer seem to […]
