The need for strict adherence to the terms of a letter of credit was made painfully clear in a recent federal appeals court decision to uphold a district court ruling. (Mago Int’l, LLC v. LHB AG. 2nd Circuit. No. 15-2776. Aug.15.) New York-based Mago International agreed to sell chicken, beef, and other meat […]
In the past few months, airlines have seen the friendly skies open up, awarding intrepid companies with new routes to previously limited locations. While these benefits will likely be of little consequence cargo-wise, it should be interesting to see how passenger carriers deal with the added freight capacity that comes from new passenger […]
The U.S. Department of Energy is awarding $80 million to four manufacturers for the second round of its SuperTruck program supporting projects to develop and demonstrate cost-effective technologies that can more than double the efficiency of Class 8 trucks. DOE launched the SuperTruck initiative in 2010 to improve heavy-duty truck efficiency by 50 […]
The debate over who benefits from the expansion of the Panama Canal usually overlooks the U.S. Gulf Coast. It’s generally believed that there’s insufficient volume going to or originating from the Gulf Coast to justify diverting east-west ocean carrier services from the Panama Canal-to-East Coast route. Relatively low volumes destined to the Gulf Coast can […]
This column, which continues from the September issue, addresses the importance of successfully managing Incoterms and how to prevent unnecessary headaches within global supply chains. First, a company must fit the right Incoterm into its contract. There are 11 Incoterms: Ex-works, FCA, CPT, CIP, DAT, DAP, DDP, FAS, FOB, CFR, and CIF. […]
Terrorism’s long view American Shipper’s editor, Christopher Gillis, makes timely and cogent points in his August editorial about the need for continuing vigilance of security within international supply chains. Since the attacks of Sept. 11, 2001, substantial progress has been made in increasing the security of supply chains, beginning with the Customs-Trade Partnership […]
Liner carriers’ obsession with ever-larger containerships in recent years left them fat with capacity during a persistently ho-hum global market and thus desperate to fill their vessels. For shippers and non-vessel-operating common carriers, this has resulted in rock-bottom freight rates to transport their containers to nearly anywhere in the world. Shippers and NVOs […]
The Water Resources Development Act has mostly received bipartisan support, but Democrats in the House are upset that a provision that would have protected Harbor Maintenance Tax receipts from being diverted for other uses was removed from the final draft.
There is no shortage of technology for carriers and other parties in the ocean industry, but in the wake of the Hanjin mess, the question is what carriers should invest in.
The Shanghai Containerized Freight Index fell 7.6 percent from last week to a reading of 794.10, as the short-term boost spot rates experienced in recent weeks from Hanjin filing for bankruptcy have now subsided.
The recent declaration of bankruptcy by South Korean ocean carrier Hanjin Shipping is a symptom of what ails the container shipping industry, not the cure, as some analysts seem to suggest.
In addition, the port authority’s commissioners approved a $3.4 million contract with Hatch Associates Consultants to develop a long range maritime master plan for future growth.
U.S. Rep. Janice Hahn, D-Calif., said ports and customers need to be better prepared for instances of container lines going out of business.
The World Trade Organization ruled in favor of the United States in a long, drawn out dispute with the European Union and four of its member countries over subsidies to aircraft manufacturer Airbus.
APM Terminals appointed A.P. Moller Shipping Services Chief Executive Morten Engelstoft to succeed current CEO Kim Fejfer, who will be taking up a new role at APM Holding A/S, according to a statement from the company.
Thirty-five of the 97 containerships operated by the now insolvent South Korean ocean carrier have completed cargo unloading, Korea’s Yonhap News Agency reported Friday.
The Office of the U.S. Trade Representative acknowledged that China’s Ministry of Agriculture has lifted a ban on U.S. beef imports, but said it’s only a “critical first step” to restoring market access to American meat shippers.
At only 10 years old, the 4,530-TEU Viktoria Wulff, owned by Erste RHW Schiffahrts and flagged in Liberia, is the newest containership so far this year to have been sold for scrap, according to Clarksons Research.
Sealed Air Corp. chose XPO Logistics to manage its warehouse in Sturtevant, Wis. effective Jan. 16, 2017, with UTi Integrated Logistics ceasing operations at the facility Jan. 15.
Meanwhile, at its London Heathrow hub, IAG Cargo is establishing a new freight facility, which is set to commence operations in 2018 and will be twice the size of its existing Premia facility at the airport.
