GRI Roundup: Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC issued general rate increases.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC issued general rate increases.
World Shipping Council President John Butler said existing regulations are adequate to manage economic competition and air pollution.
SSA Marine’s Oakland International Container Terminal will make appointments mandatory for the majority of containerized import pick-ups in order to shorten lines at terminal gates and speed up cargo delivery to customers.
The company plans to accept the weights that clients provide as certified, but if clients are not able to provide the certified weight, it will weigh the cargo on their behalf.
Struggling South Korean shipbuilder STX Offshore & Shipbuilding Co. on Friday filed for receivership with the Seoul Central District Court amid mounting debt and continued losses.
The Shanghai Containerized Freight Index rose 9.8 percent since last week to a reading of 577.81, as rates from Shanghai to both Northwest Europe and the Mediterranean jumped 36.6 percent and 21.8 percent, respectively.
The rate management and outsourced logistics services provider will use INTTRA’s eVGM capability to allow customers to comply with the July 1 container weight mandate.
Representatives from Chanel Fragrances and Beauté, Ericsson, Sandvik Machining Solutions, Marine Harvest RMT and Teva Pharmaceutical Industries have joined the association’s Shipper Advisory Committee.
The fiscal year 2017 Energy & Water Development Appropriations bill was defeated in the House Thursday.
The country’s only manufacturer of high-speed locomotives plans to raise as much as 12 billion yuan (U.S. $1.8 billion) in a private share sale in Shanghai to repay debt and to help finance its daily operations.
The Commerce Department this week said it will impose antidumping and countervailing duties on imports of corrosion-resistant steel products from China, India, Italy and South Korea, as result of its investigations.
The retail ready packaging company’s newest logistics and distribution center in Dublin, Ga. will create 110 new jobs in the region, according to a statement from Gov. Nathan Deal.
The country is producing more poultry than ever, but oversupply is hurting domestic prices and causing producers to seek out additional export markets.
The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.
Federal Maritime Commission Chairman Mario Cordero said one of the items that has been on his agenda since becoming chairman in 2013 is to have a better funded and better resourced Federal Maritime Commission.
Strong language is often needed to advocate for a position, but now that progress is being made on container weight verification, people should choose their words more carefully.
The Water Resources Development Act of 2016 puts reauthorization for water infrastructure projects back on a regular two-year cycle, if the full House and Senate vote on it.
In a letter to the Federal Maritime Commission, the National Customs Brokers and Forwarders Association of America urged acceptance of an agreement between carriers and six U.S. ports, but noted that shippers shouldn’t bear the cost of the regulation.
The Israeli ocean carrier experienced a net loss of $56 million in the first quarter of 2016, compared to profit of $12 million in the first quarter of 2015.
The Danish ocean carrier will commence its AC1 service at the end of June, connecting Asia with the West Coast of Latin America.