American Shipper

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.

   The AS Daily news report “VGM compliance to start earlier for transshipped cargo” on Friday misspelled INTTRA, the ocean carrier booking portal.    

Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM’s purchase of APL parent Neptune Orient Lines for this Friday, April 29.

The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.

With only 10 weeks to go until the container weight verification rule goes into effect globally, surveys show shippers and LSPs are still mostly unprepared to comply.

The ocean carrier posted revenues of $6.1 billion for 2015, a 16.8 percent increase compared to 2014.

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from a reading of 472.07 last week to a reading of 457.70.

The ocean carrier alliance will deploy 10,000-TEU vessels on its new NYX loop between Asia and the U.S. East Coast.

The Japanese ocean carrier saw revenues fall 17.1 percent year-over-year in the first quarter of 2016 to $1.1 billion.

The Omaha, Neb.-based railway saw earnings drop to $1.16 per share for the first quarter of 2016, compared to $1.30 per share for the first quarter of 2015.

The South Korean ocean carrier said it will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion.

The agreement between Rickmers and Bahri includes port calls on the U.S. East and Gulf coasts, as well as ports in Saudi Arabia, Egypt, Jordan, Kuwait, the United Arab Emirates, Iraq and Yemen.

The Federal Railroad Administration released data illustrating how there are 15 crossings across the United States where at least 10 incidents occurred over the last decade.

The Swiss-based third-party logistics provider broke ground on a multi-purpose logistics center in Contern, Luxembourg.

The inland river port’s inbound waterborne cargo throughout in March primarily consisted of fertilizer.

Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another port.

Absence of balanced SOLAS enforcement will lead to competition distortion and significant interruption to supply chains, European logistics organizations warn.

The International Air Cargo Association said the industry, especially the intermediaries, has a role to play in keeping products that infringe on intellectual property rights out of the supply chain.