FMC serves stiff penalties to NVOs, carrier The US Federal Maritime Commission has announced fines totaling $338,000 against seven logistics companies that violated either the Shipping Act or other FMC regulations. The seven companies are Posey International, King Ocean Services, CL USA, Carlo Shipping International, Sino… FMC serves stiff penalties to NVOs, carrier Journal of […]
Read More →Forwarders, shippers says they're mostly ready for higher VGM scrutiny
on October 3, 2016in Industry News
Forwarders, shippers says they're mostly ready for higher VGM scrutiny The three-month “go easy” period in enforcing the verified gross mass container weight rule ended at the weekend, with more vigorous application of the law expected from maritime… Forwarders, shippers says they're mostly ready for higher VGM scrutiny Journal of Commerce
Read More →Consolidation means higher rates, but not in short term, Drewry says
on October 3, 2016in Industry News
Consolidation means higher rates, but not in short term, Drewry says The top five carriers now control around 54 percent of the container shipping fleet, with the recent merger and acquisition activity increasing the concentration of capacity in the hands of the biggest ocean liner… Consolidation means higher rates, but not in short term, Drewry […]
Read More →Shippers beware: Transportation reliability comes with a price
on October 1, 2016in Industry News
Shippers beware: Transportation reliability comes with a price The Hanjin Shipping situation again illustrates the fragility of today’s supply chains. Shippers would be mistaken if they think they only need to be on guard for such issues on the seas. Supply chain disruption is becoming increasingly common across all modes. Watching the chaotic aftermath of […]
Read More →US shippers should expect higher terminal fees as ship sizes increase
on September 30, 2016in Industry News
US shippers should expect higher terminal fees as ship sizes increase US ports so far have been doing a reasonably good job loading and unloading… US shippers should expect higher terminal fees as ship sizes increase Journal of Commerce
Read More →Hanjin sets up yard to collect containers near NY-NY port
on September 30, 2016in Industry News
Hanjin sets up yard to collect containers near NY-NY port Hanjin Shipping has set up a yard to accept and store its empty containers in central New Jersey, the latest effort at the Port of New York… Hanjin sets up yard to collect containers near NY-NY port Journal of Commerce
Read More →Trans-Pacific lines’ hope of peak season spot rate jump fades
on September 30, 2016in Industry News
Trans-Pacific lines’ hope of peak season spot rate jump fades Spot freight rates in the Asia-US trade edged lower for the fourth consecutive week, dimming prospects for a significant rate hike this peak season. The spot… Trans-Pacific lines’ hope of peak season spot rate jump fades Journal of Commerce
Read More →Asia-Europe spot rates slip ahead of China’s Golden Week shutdown
on September 30, 2016in Industry News
Asia-Europe spot rates slip ahead of China’s Golden Week shutdown Spot freight rates on the Asia to North Europe and the Mediterranean trades continued their slide down from a brief Hanjin-induced… Asia-Europe spot rates slip ahead of China’s Golden Week shutdown Journal of Commerce
Read More →SOLAS compliance high but holdouts, IT, and accuracy issues persist
on September 29, 2016in Industry News
SOLAS compliance high but holdouts, IT, and accuracy issues persist On the eve of the end of the grace period for new the SOLAS rule, up to 95 percent of containers moving globally have the needed verified gross mass, but concerns still remain on the holdouts,… SOLAS compliance high but holdouts, IT, and accuracy issues […]
Read More →Two more Hanjin ships set to call NY-NJ
on September 28, 2016in Industry News
Two more Hanjin ships set to call NY-NJ Two more Hanjin Shipping vessels are heading for the Port of New York and New Jersey after the departure this week of the Hanjin Miami, the… Two more Hanjin ships set to call NY-NJ Journal of Commerce
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