American Shipper

The South Korean ocean carrier’s results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.

Ports that insist on “no doc/no gate” policies with regard to verified container weights could lose business, the company’s export manager says.

The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.

Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container service to the Puget Sound region less economically viable.

However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.

Patrick Ottensmeyer has been named chief executive officer of the Kansas City, Mo.-based Class I railroad, effective July 1.

Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, according to the latest Cass Truckload Linehaul Index.

The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according to port terminal operator APM Terminals.

The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.

Rates fell another 3.4 percent for the month compared to April of last year, the 16th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to continue through the rest of 2016.

Big-box retailer Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three at half the price of Amazon’s Prime service, the company said in a statement Thursday.

African people “want to move towards a more permanent, reciprocal kind of relationship,” U.S. Trade Representative Michael Froman said in an interview in Kigali, Rwanda, where the World Economic Forum is holding its annual Africa summit.

The national mail carrier of Singapore and budding third-party logistics provider’s full-year net profit soared 57.9 percent to $248.9 million Singapore (U.S. $ 181.45 million) thanks to one-time divestment gains.

Although the U.S.-flag Great Lakes freighters carried more iron ore and grain during the month, in comparison to April 2015, the freighters shipped less coal, limestone, cement and salt.

The U.S. Federal Maritime Commission said it has collected $840,000 in civil penalties from compromise agreements with five freight forwarders and non-vessel-operating common carriers.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea’s HMM down the road.

The ocean carrier group told U.S. exporters they will issue a tariff clearly stating that shippers would have no liability from inaccurate carrier-provided tare weight to calculate VGM.

Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.

Consolidation in the ocean shipping industry is causing drastic changes to the current carrier vessel sharing agreements, but how will it all play out? American Shipper CEO Hayes Howard discusses some of the possible alliance scenarios.