China VGM wrangle sees cargo agents stuck between shippers and carriers Cargo agents in China, which handle a huge amount of containers exported from the country, are being caught between shippers unwilling to pay verified gross mass weighing charges and carriers that will not load boxes without the weight data beginning Friday, July 1.From tomorrow, […]
Read More →China VGM wrangle sees cargo agents stuck between shippers and carriers
on June 30, 2016in Industry News
High US inventories could be the new normal
on June 29, 2016in Industry News
High US inventories could be the new normal The state of U.S. freight growth in 2016 and perhaps next year hangs on inventories that have been piling up for years at retailers, wholesalers and manufacturers and have proved difficult to draw down. Bloated inventories have depressed freight demand since 2014, contributing to overcapacity in trucking, […]
Read More →Brexit to have minimal impact on container shipping, Alphaliner says
on June 29, 2016in Industry News
Brexit to have minimal impact on container shipping, Alphaliner says The U.K.’s vote to leave the European Union is expected to have “little direct impact” on the container shipping industry, according to Alphaliner. U.K. ports’ share of global container traffic shrank to 1.2 percent in 2013 from 3 percent in 2000, though they staged a […]
Read More →Gap in Japan warehousing exposed by rising e-commerce demand
on June 29, 2016in Industry News
Gap in Japan warehousing exposed by rising e-commerce demand Fast-growing e-commerce has quickly exposed a lack of modern warehousing in Japan, a scarcity that developers and logistics services providers are investing heavily to fill.DHL Express recently unveiled a new $74 million 215,278 square foot warehouse at Shin-Kiba in Tokyo that more than doubles its space […]
Read More →India temporarily eases SOLAS guidelines
on June 28, 2016in Industry News
India temporarily eases SOLAS guidelines Heeding requests from stakeholders and in line with a “practical and pragmatic” approach advocated by the International Maritime Organization for the enforcement of the new SOLAS container weight rule that takes effect July 1, India’s Directorate General of Shipping has issued a supplementary decree allowing shippers more time to comply… […]
Read More →Shipper group says forwarder VGM fees are unjustified
on June 28, 2016in Industry News
Shipper group says forwarder VGM fees are unjustified The verified gross mass processing fee being imposed by freight forwarders has come under fire from the Hong Kong Shippers’ Council, which has called on its members to reject what it regards as an unjustified charge.With just days to go before the July 1 implementation of the […]
Read More →SOLAS approach favorable to US exporters coming together
on June 27, 2016in Industry News
SOLAS approach favorable to US exporters coming together WASHINGTON — With just days before the SOLAS container weight rule takes effect, ports, marine terminals and container lines are coming closer to creating a system that will use pre-existing weighing processes to alleviate the burden on U.S. exporters. U.S. maritime regulators on Friday gave the go-ahead […]
Read More →All New York-New Jersey terminals to offer SOLAS weighing, but fees may apply
on June 27, 2016in Industry News
All New York-New Jersey terminals to offer SOLAS weighing, but fees may apply All six terminals at the Port of New York and New Jersey will offer weighing services to shippers that don’t provide verified gross mass declarations needed to meet the SOLAS rule that takes effect Friday, but terminals could leverage fees for the […]
Read More →Panama Canal expansion will affect shipping — but how?
on June 25, 2016in Industry News
Panama Canal expansion will affect shipping — but how? Nine years and $5.4 billion in the making, the Panama Canal’s new, larger locks are opening amid questions about the impact they’ll have on an uncertain global trade and container shipping environment. The biggest questions involve trade between… Panama Canal expansion will affect shipping — but […]
Read More →Database of container tare weights aimed at helping shippers meet SOLAS rule
on June 22, 2016in Industry News
Database of container tare weights aimed at helping shippers meet SOLAS rule An international non-profit is creating a massive database with the tare weights of containers around the world to help shippers comply with the upcoming SOLAS rule that takes effect July verified gross mass requirement. The database, which France-based Bureau International des Containers (BIC) is […]
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