Ocean Ports & Carriers: Page 87

Report: Ocean Container Weight Rule To Boost Some Rates By 14%

The new requirement was adopted by the International Maritime Organization, the United Nations body that regulates ocean transport, as part of the Safety of Life at Sea Convention, known as SOLAS.

Almost $184 million is allocated to improve and modernize the container terminals at Bayport and Barbours Cut, and another $35 million towards improvements at the general cargo and bulk terminals in the Turning Basin area.

Ocean Ports & Carriers

Ocean Carriers Struggle With Box Weight Verification Systems

The rule’s aim is to help shipping lines plan stowage of containers to maximize vessel balance and stability.

The rule, to take effect July 1, will require that ocean carrier customers provide Verified Gross Mass (VGM) data for each container before vessel onloading. VGM equals the total weight of the container and its contents.

Ocean Ports & Carriers

Maersk Line To Boost Asia-To-Northern Europe Rates $400 Per TEU

A.P. Moller- Maersk

The increase would take rates up by 190 percent on the current level, which is widely seen as loss-making. The shipping company also aims to raise freight rates from Asia to ports in the Mediterranean by $500 TEU.

Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive.

Ocean Ports & Carriers

Container Rates Fall To New Lows

An oversupply of massive new container ships serving the China-to-Europe routes has pushed smaller ships to the Atlantic Ocean and depressed rates between North America and Europe.

A slowdown in Chinese economic growth has hammered the global shipping industry, which exited the Great Recession to take advantage of low interest rates to buy new ships to handle a rising amount of coal, iron ore and consumer goods. But as China’s factories scale back and the economies of Europe and North America gear down, the amount of cargo traversing the oceans has slowed.

Ocean Ports & Carriers

Port Of Long Beach Delivers Highest Volume February in 105-Year History

Port of Long Beach

The port saw strong gains last month by moving 561,412 TEUs (20-foot equivalent units), a 35.9 percent increase over the same month last year.

The arrival of the biggest ship to visit North America, the 18,000-TEU CMA CGM Benjamin Franklin, catapulted the Port of Long Beach to its highest cargo volume for the month of February and extended cargo growth for an eighth consecutive month.

Ocean Ports & Carriers

Maersk Tests Shore-To-Ship Drone Delivery

A.P. Moller- Maersk

Due to weather, the drone could not be launched from shore as planned, but rather was launched from a nearby tugboat, which dropped the package from a height of 5 meters above deck.

Drone Delivery 545a3be1658bd

Ocean Ports & Carriers

Hapag-Lloyd Becomes First Ocean Carrier To Participate In Cloud-Based Collaborative Stowage Platform

Hapag-Lloyd is the first ocean carrier to sign on for the pilot program of XVELA’s next-generation solution, underscoring the company’s long-standing commitment to innovation.

hapag_lloyd_image

Ocean Ports & Carriers

Admiral Clarifies Coast Guard Policy On Weight Containers: Agricultural Transport Coalition Applauds Him

The Admiral stated that the SOLAS Container Weight Certification Amendment provides flexibility pertaining to various ways carriers can get verified gross mass, and how they do so is a "business practice."

Admiral Paul Thomas of the U.S. Coast Guard stated that U.S. exporters and ocean carriers loading their cargoes at U.S. ports have been compliant with the Safety Of Life At Sea (SOLAS) convention and will not require domestic shippers to make changes in existing practices.

Ocean Ports & Carriers

Port Of New York And New Jersey Sets Record Container Volume Second Straight Year

Port Authority of New York and New Jersey

During the year, the port handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers), an increase of 10.4 percent over 2014 when the previous annual record was established.

During the year, the port handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers), an increase of 10.4 percent over 2014 when the previous annual record was established.

Ocean Container Trade Faces Historic Overcapacity

AlixPartners LLP

The most-recent forecasts expect global container fleet capacity to grow by 4.6 percent in 2016, and another 4.7 percent in 2017, though spot prices for major routes have dropped 21 to 44 percent from a year ago because of plunging demand.

PortofLA idlecrains 54e37d4a86bdb

Port Of Oakland Develops Continuity Plan Following Outer Harbor Terminals Lease Termination

Port of Oakland

If the bankruptcy court approves the lease termination agreement, Outer Harbor Terminal will close April 29.

The Port has developed a continuity plan to move ships and cargo to adjacent terminals when Outer Harbor Terminal closes. It has worked with other terminal operators to relocate ships and cargo from Outer Harbor Terminal. It has also implemented a $1.5 million Transition Assistance Program to extend gate hours at Port terminals.

Ocean Ports & Carriers

Individual U.S. Ports To Determine Container Weight Mandate For Exports

The enforcement of the SOLAS container weight mandate for U.S. exports will be done by each port, and the U.S. Coast Guard will only get involved if it boards an incoming vessel and finds it doesn’t have verified gross mass for each box.

The mandate, under an amendment to the International Maritime Organization’s, Safety of Life at Sea, or SOLAS, convention originally approved in 2014, prevents carriers from shipping any containers without the verified gross mass of each container.

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