The FMC has published a proposed rulemaking to amend its rules to provide certainty and flexibility for long-term contracts that adjust based on a freight rate index.
Erxin Yao, president of OOCL (USA), says the shipping industry must pay more attention to pricing services profitably and fostering innovation rather than trying to hold onto market share.
Big step for U.S. trade
GT Nexus has launched “G2,” a social networking tool. As an example, information technology applications developer said members of its GT Nexus Shipper Council – a group of shippers – are using G2 to collaborate on key initiatives. “The shipper council has become a very active group,” said Patrick Halloran, director of […]
Panalpina has opened a branch office in Ludhiana in northwestern India. It’s the second India office the Swiss freight forwarder has launched recently, with a new office in Jaipur opening two weeks ago. “Ludhiana in north India is home to thousands of large and medium-sized companies and is one of India’s fastest […]
NDO America has leased 26,853 square feet of industrial space in Rancho Dominguez, Calif., for its new headquarters. Following building improvements, NDO plans to move to the location on Dec. 1. About 30 people will be employed at the site. Freight forwarder NDO America is part of the Norbert Dentressangle Group.
September volume at Los Angeles fell by 0.8 percent compared to the same month in 2010, due entirely to a massive 21.4 percent drop in empty containers.
Productive discussions
The Westbound Transpacific Stabilization Agreement (WTSA) said its members intend to implement guidelines to increase freight rates for U.S.-to-Asia cargo, effective Nov. 1.
The A.P. Moller-Maersk Group said Wednesday it has agreed to sell its liquefied natural gas business to Teekay LNG Operating LLC and Marubeni Corp. for $1.4 billion.
Government officials in New Zealand said a containership that ran aground last Wednesday on Astrolabe Reef near Tauranga Harbor is leaking oil, losing containers, and has developed a crack.
Container shipping companies have ordered ships with about 2.4 million TEUs of capacity for $27 billion since September 2008, compared to 2.1 million TEUs of capacity for $30 billion before the financial crisis, said shipping research firm Alphaliner in its latest newsletter. Many vessels ordered before the financial crisis hit are still being […]
Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk’s on-time performance rose from 74 percent in August to 85 percent in September, while Hamburg Süd’s on-time percentage dropped […]
An India-Europe loop jointly operated by Mediterranean Shipping Co. and CSAV has undergone a rotation change from this week, CSAV said in an advisory. The service, called IPAK by MSC and IMEX by CSAV, will drop calls in Bremerhaven and add calls in Rotterdam, leaving a revised rotation of Rotterdam, Antwerp, Felixstowe, Jeddah, […]
China Shipping has dropped off a service it jointly operated with TS Lines between China and the Middle East, according to American Shipper affiliate ComPair Data. The service, operated with six ships (five from TS Lines and one from China Shipping), has also undergone rotation changes that will see calls in Nhava Sheva […]
A big-ship Asia/Europe loop jointly operated by Maersk Line and CMA CGM will begin using the Suez Canal for backhaul transits from Europe beginning Oct. 15, according to research from American Shipper affiliate ComPair Data. The service, operated with 10 ships (five from each carrier) has a rotation of Ningbo, Shanghai, Yantian, Tanjung […]
CMA CGM said Wednesday it plans to hike northern Europe export rates to Asia from Nov. 1. The increase, $100 per container, is applicable to shipments from U.K., northwest continent, Scandinavian, and Baltic ports to China, Japan, South Korea, and Southeast Asia.
MCC Transport, the intra-Asia liner subsidiary of Maersk Line, said this week it is adjusting terminal handling charges for west Malaysia ports to align its THC levels with its parent company. From Nov. 1, THCs in west Malaysia will rise to $340 per 20-foot container and $500 per 40-foot or 40-foot high-cube container. […]
Mediterranean Shipping Co. said this week it will raise rates on shipments from Japan to the United States from Jan. 1. The planned increase is $320 per 20-foot container, $400 per 40-foot container, and $450 per 40-foot high-cube container, applicable to U.S. West Coast, all-water, and inland point intermodal shipments.
The Containerization & Intermodal Institute (CII) will present the 2011 Connie Award to Robert Kenneth (Ken) Johns, former president of Sea-Land Service, for his significant influence on containerization in worldwide trade and transportation. Johns served as Sea-Land’s president and chief operating officer from 1979-87. Under his leadership, Sea-Land prospered as one of the […]
