Ocean Ports & Carriers: Page 80

Ocean Ports & Carriers

West Coast Port Slowdown Still Stings

Two years after food shippers saw shipments spoil and sales stumble, there’s hope that early contract discussions will prevent a similar scenario in 2019.

Deteriorating labor relations like those that materialized at West Coast ports during 2014-15 contributed in cargo diversions to competing ports in Canada and Mexico.

Ocean Ports & Carriers

Hyundai Merchant Marine to Form Mini Carrier Alliance

HMM will join the new partnership, named Mini Alliance, with three other carriers Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping.

The alliance plans to deploy 15 vessels on four Southeast Asian routes – covering Singapore, Malaysia, Indonesia, Vietnam and Thailand from South Korean port cities – starting from end-September in an effort to reduce damage caused by Hanjin’s halted operation.

Ocean Ports & Carriers

CMA CGM Seeks to Sell Neptune Orient Lines’ Port Assets, Including Two in U.S.

The terminals to be put up for sale include Dutch Harbor in Alaska and Global Gateway South in Los Angeles. NOL also operates terminals in China, Taiwan, Japan, Vietnam and Thailand.

The terminals to be put up for sale include Dutch Harbor in Alaska and Global Gateway South in Los Angeles.

Ocean Ports & Carriers

U.S. Judge Extends Hanjin Bankruptcy Protection, Helping Vessels Docked at U.S. Ports

The order is temporary and Hanjin will need to return to court on Friday for a final order after talks with stakeholders to try to resolve complex problems involving ports, terminal operators and retailers.

U.S. Bankruptcy Judge John Sherwood approved a motion by the world's seventh-largest container carrier that sought to extend to the United States the protection from creditors that it has under receivership in South Korea.

Ocean Ports & Carriers

UPS to Raise Ground, Air and International Service Rates an Average of 4.9%

Rate increases will support ongoing expansion and capabilities enhancements.

UPS Delivery2 57cecf2f396f2

Ocean Ports & Carriers

Hyundai Merchant Marine to Acquire Hanjin Shipping’s Assets

The creditors and financial authorities opted for the receivership of Hanjin Shipping and the acquisition of Hanjin’s core assets by Hyundai Merchant Marine, with the idea to achieve a merger between the two national flag carriers at a minimum cost.

The financial authorities and creditors are estimating that Hyundai Merchant Marine will have to spend 300 billion won to 400 billion won on the key asset acquisition.

Ocean Ports & Carriers

Port Of Charleston Welcomes its Largest Container Ship

The Yangshan, which measures 1,140 feet long and 148 feet wide, can transport up to 10,700 twenty-foot equivalent units (TEU).

The Yangshan’s milestone visit comes on the heels of the arrival of two new cranes last month, boosting big-ship handling capabilities at SCPA’s Wando Welch Terminal.

Ocean Ports & Carriers

Hanjin Shipping Vessels Stranded at Ports as Bankruptcy Fallout Unravels

A number of vessels have been halted outside of port entrances. Two Hanjin ships scheduled to call Wednesday in LA/Long Beach are now at anchor offshore and no longer plan to berth.

The Hanjin Rome was arrested in Singapore following a court petition late Monday, and shipowner PIL has reportedly refused to allow the Hanjin Mexico (above) to continue its commercial voyage due to unpaid charter fees; the Mexico was drifting off Ulsan as of Wednesday evening.

C.H. Robinson to Acquire APC Logistics

C.H. Robinson Worldwide, Inc.

The two companies have had a long-standing exclusive agent relationship for business in Australia and New Zealand.

The acquisition is expected to be accretive in 2016 and 2017 and will be financed through cash and funds drawn from C.H. Robinson’s existing revolving credit facility.

Ocean Ports & Carriers

Hanjin Shipping Co. Files for Receivership, Ports Deny its Vessels

A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according to consultancy Alphaliner, exceeding the 1986 collapse of United States Lines.

Hanjin Shipping announced the filing for receivership and a request to the court to freeze its assets, which the Seoul Central District Court planned to grant, a judge told Reuters, declining to be named.

Ocean Ports & Carriers

Port Canaveral Completes First Phase of Titusville Logistics Center

This makes Class A warehousing available for the first time to cargo customers and other companies interested in logistics and distribution facilities near the Port.

Port Director of Real Estate Scott Shepard said there is active leasing interest in the 246,736 square-foot dividable space and, now that construction is complete, he expects potential tenants to begin finalizing decisions.

Ocean Ports & Carriers

FMC Commissioner Halts Ocean Alliance Agreement, Requests Information

Federal Maritime Commission (FMC)

Commissioner William P. Doyle voted in favor of requesting additional information (RFAI) from The Ocean Alliance parties, effectively halting the agreement until the filing parties answer the questions proposed in the RFAI.

“We’ve been down this road before with language proposed but not implemented by the P3 Alliance and the language in the existing 2M Alliance (Maersk and MSC). I’d like to see fair dealing and transparency in how the parties handle negotiations with third parties, suppliers, small businesses, and other service providers. Using their proposed buying power through proposed joint purchasing agreements could harm both downstream and upstream participants,” Commissioner Doyle (above) said.

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