3PL/4PL: Page 82

Ocean Ports & Carriers

European Commission Approves CMA CGM Acquisition Of Neptune Orient Lines

The proposed voluntary general cash offer for NOL will be launched when all the pre-conditions to the offer as announced on 7 December 2015 have been satisfied or (where applicable) waived.

The Port of New Orleans welcomed a new weekly European service from French container carrier CMA CGM.

Sponsored Content

Reefer Modes Are Draining Your Wallet

EROAD

Tired of burning fuel in continuous mode? Leading fleets are saving up to 40% per unit while reducing emissions and extending equipment life. Discover how to optimize reefer operations without risking food safety. Don’t miss this session—register today.

Reefer Modes Are Draining Your Wallet

Ocean Ports & Carriers

Port Of Charleston To Help Exporters With Challenging Container Weight Rule

The Port of Charleston is offering to weigh containers using existing scales that trucks drive over to enter the port.

PortofCharleston 56e6dc71d79bb

NLRB Charges Intermodal Bridge Transport With Misclassifying Drivers

The NLRB filed the complaint based on charges by the International Brotherhood of Teamsters Union that IBT was misclassifying its drivers as independent contractors to prevent them unionizing and accessing other protections given by the National Labor Relations Act.

Shippers Scramble To Lock In Low Truck Freight Rates

Retailers and manufacturers rushed to lock in low freight rates in the first quarter as overcapacity in the trucking industry dragged on the profits of transportation companies but bolstered profits for middlemen who arrange shipments.

Truckspassing 10325392

Ocean Ports & Carriers

Panama Canal Expansion Won’t Redirect Cargo To East Coast Ports

East Coast and Gulf Coast ports are likely to see a gradual increase in container volumes from Asia over many years according to David Egan, head of industrial research in the Americas for CBRE.

The opening of the Panama Canal’s new wider, deeper locks, isn’t likely to send a wave of new cargo to the East Coast, industrial real estate brokerage CBRE Inc.

Ocean Ports & Carriers

Slowdown In Global Trade Hammers Port Activity

Overall trade rose just 2.8 percent in 2015, according to the World Trade Organization, the fourth consecutive year below 3 percent growth and historically weak compared with global economic expansion.

Brazil's Port of Itajai in Santa Catarina.

Amazon Brings One-Hour Restaurant Delivery To San Francisco

Prime Now Restaurant Delivery offers customers transparent pricing — there are no menu markups or hidden service fees and delivery on all orders is free for a limited time.

Amazon.com announced that Prime Now customers in San Francisco, Calif. can now enjoy one-hour delivery from local restaurants, including Big Chef Tom’s Belly Burgers, Buca di Beppo, DOSA, The Monk’s Kettle, Nick’s Crispy Tacos, Pressed Juicery and many more.

Ocean Ports & Carriers

Maritime Administration Awards $ 4.9 Million To Strengthen U.S. Shipyard Competitiveness

Provided through the Small Shipyard Grant Program, the funding supports industrial modernizations that increase productivity, allowing our Nation’s small shipyards to compete more effectively in the global marketplace.

MARAD received 118 grant applications requesting $80 million in assistance, far exceeding the $4.9 million made available for the grants.

Ocean Ports & Carriers

G6 Alliance To Send 10,000 TEU Ships Through Panama Canal

The G6, which comprises APL, Hapag-Lloyd, HMM, MOL, NYK, and OOCL, will launch anew its new NYX service later this year, although it did not give a date for the launch.

The announcement comes in the week that the alliance discovered it is to lose another member next year, when OOCL joins the proposed Ocean Alliance with CMA CGM, Evergreen and Cosco Container Line. APL will also leave the alliance when its sale to CMA CGM is completed.

Hanjin Shipping Co. Seeks Restructuring To Avoid Bankruptcy

Hanjin, a unit of Hanjin Group, on Monday submitted a formal request to state-run Korea Development Bank, its main creditor, to restructure its debt and provide an aid package in return for self-rescue efforts such as asset sales.

Korea Development Bank said it would review the proposal with other creditors and decide by next week whether to offer assistance to Hanjin, which might include a debt rollover. If creditors reject the proposal, the company would be put under court receivership.

Ocean Ports & Carriers

International Maritime Organization Adopts Fuel Consumption Reporting Rule To Mitigate Climate Change

International Maritime Organization (IMO)

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.

Food Exporters Ask Congress For Help On Weight Container Rule

U.S. shippers say they weren’t adequately consulted about the rule, which was adopted in 2014 as an amendment to the Safety of Life at Sea Convention, or SOLAS, by the United Nations’ International Maritime Organization.

Tyson, one of the world’s largest food companies, which shipped more than 40,600 refrigerated containers in 2015, has previously said that carriers’ proposed treatment of the new IMO measure could add millions of dollars to annual transportation expense.

Page 82 of 156