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11/28/2014
HONG KONG — United Arab Shipping Company (UASC) today named the industry’s first ever liquefied natural gas-ready ultra large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier. Sajir will begin operating on the Asia–North Europe route after delivery, the line said...
11/28/2014
MOL is a member of the G6 Alliance.HONG KONG — There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume. Stanley Smulders, senior vice president for Asia-Europe and West Africa...
11/28/2014
HONG KONG — Orient Overseas Container Line (OOCL) became the latest carrier to postpone a port congestion surcharge for cargo entering North America via West Coast gateways, reversing a decision to impose the levy announced just days ago. OOCL has put on hold a West Coast port congestion surcharge.With carrier schedules...
11/27/2014
HONG KONG — The revenue container shipping lines are achieving per TEU has been falling steadily over the past three years as freight rates continue to weaken under the burden of excess capacity. Revenue per TEU has fallen steadily since 2012.According to data from DynaLiner, revenue per TEU in the past...
11/26/2014
The International Maritime Organization last week agreed to an amended rule requiring container weights to be verified before boxes are loaded, cementing the rule’s implementation in July 2016. Under the revised rule, the weight of the container must be verified either by weighting the unit or weighing all the cargo it...
11/26/2014
The U.S. Government Accountability Office says the military should revise practices that cost taxpayers $823 million in fees over 10 years for late return of shipping containers, mostly for the war in Afghanistan. The GAO report said the Defense Department has made headway in minimizing detention penalties for late return of...
11/26/2014
With reports of more 18,000-TEU ships soon to be ordered as carriers continue to pursue lower operating costs, the focus is again turning to what the next largest class of ships would look like given the near-certainty that ship sizes will continue to expand. Ships of 24,000-TEU capacity, possibly the next...
11/25/2014
Carriers are proceeding with the largest single trans-Pacific eastbound rate increase in years but have only postponed making a formal announcement. JOC.com reported yesterday that a $1,000 per 40-foot container general rate increase was postponed until after carriers implemented $1,000 congestion surcharges. Carriers in the Transpacific Stabilization Agreement agreed to adopt...
11/25/2014
Increasing container dwell times are taking a toll at the ports of Los Angeles and Long Beach, further exacerbating congestion at the busiest U.S. port complex. Truck turn times in October were the worst on record in Los Angeles-Long Beach, even though container volume growth was modest. Val Noronha, president of...
11/24/2014
HONG KONG — The Philippine’ cabinet cluster on port congestion, directed by cabinet secretary Jose Rene Almendras, will gather for a port forum on November 27 in Manila as officials struggle to address the bottlenecks that have troubled the gateway since late February. This latest meeting comes just a week after...



 
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