Container loading and unloading, as well as cargo operations alongside berths, have been affected this week as the Jawaharlal Nehru Port in India, and the greater South Asia region, reels from the large-scale monsoon floods.
Recent advancements in technology can help ocean carriers find the right mix of owned, chartered and spot rate vessels even in a highly volatile rate market, according to Michael Zimmerman and Josh Brogan of global management consulting firm A.T. Kearney.
The Shanghai Containerized Freight Index fell 3.5 percent from last Friday to a reading of 707.68, declining for the second straight week as the short-term boost after Hanjin Shipping filed for receivership at the end of August has now faded.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The ocean carrier subsidiary of German investment and asset management firm MPC Capital will take ownership of six containerships ranging in capacity from 1,300 TEUs to 2,700 TEUs in September, at which point its fleet will total 20 vessels.
The reveal, weeks ahead of a planned unveiling by electric automobile manufacturer Tesla, adds to Cummins’ portfolio of environmentally-friendly powertrains.
The interactive system simulates a range of challenging scenarios involving roll-on/roll-off (ro-ro) vessels, while also measuring and correcting driver performance.
According to a survey of trucking companies conducted by DriveriQ, 90 percent of new hires decide whether to quit or stay within the first six months and overall, 33 percent do quit within that same six-month period.
The Justice Department said 53-year-old Chinese citizen, Fuyi “Frank” Sun, received a three-year prison sentence for violating IEEPA in relation to an illicit scheme to export high-grade carbon fiber to China without a license.
The parcel giant on Monday introduced the free online tool that allows e-commerce merchants to customize return shipments according to their own policies.
The re-liquefaction plants were ordered for three LNG carrier vessels that are currently under construction.
The new office will act as an offshoot of transport and logistics services provider OsaCargo’s head office in Riga, Latvia, and is expected to provide direct support to clients shipping to and from the Mediterranean.
Port of Virginia names director of ocean sales; C.H. Robinson hires finance director, Europe; Jettainer appoints director of operations; and MetroGistics hires vice president of business development.
Third round of Article 50 negotiations The European Commission and the UK have completed the third round of negotiations regarding Brexit, tackling common travel areas but not reach a global agreement. Investigation into uncoated groundwood paper from Canada U.S. Department of Commerce has initiated antidumping duty and countervailing duty investigations into imports of uncoated groundwood […]
Hyundai Merchant Marine will acquire two 11,000-TEU containerships from Hanjin Heavy Industries & Construction’s Subic Shipyard, as well as five very large crude carriers built by Daewoo Shipbuilding & Marine Engineering.
TRAC Select, which was launched in February, is a premium chassis pool fleeted with an array of specialty chassis and services aimed at meeting specific customer needs.
The Canadian port is equipped to handle the largest containerships in the world thanks to the expansion at Fairview Container Terminal, giving the terminal a second berth and three Malacca-max cranes with a horizontal reach of 25 containers.
The index is expected to remain neutral for rest of 2017, with the New Year bringing tightened capacity due to slow contract pricing increases and weakening regulatory environment, according to freight transportation analyst FTR.
The U.S. Department of Agriculture’s new Sanitary Transportation of Human and Animal Food rule applies to shippers, receivers, loaders and carriers who transport food in the United States by motor or rail vehicle.
Software-as-a-service firm Narvar said the acquisition of GoPigeon will play a key role in advancing its global product development and seeding its market position in the Asia-Pacific region.
