Ocean Ports & Carriers: Page 99

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.

Drayage Provider Total Transportation Services Files For Bankruptcy

The company said in a court filing that "downward pricing pressure from some of its major clients over the past year" along with mounting costs of litigation with independent drivers had proven more than it could manage.

Premium Transportation Services Inc., known locally as Total Transportation Services Inc. (TTSI), one of Southern California's largest port trucking companies, filed for chapter 11 bankruptcy protection on Monday in federal court in Delaware.

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.

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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.

Featured In Food Logistics: Midwest Ready For A Rebound

There’s little doubt the Midwest region will become a major battleground in upcoming years as U.S. ports and logistics providers along all three coasts compete for customers transporting goods to these inland destinations.

According to Bi-State Development Freight District executive director Mary Lamie, the Merchants Bridge in St. Louis, a railroad-only bridge constructed from 1889-1890 and still in heavy use today, is one renovation project on the fast-track as the new group seeks a new public-private partnership.

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.

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