The U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement today regarding port congestion, as well as the Transpacific Stabilization Agreement’s (TSA) amendment to expand its scope to include westbound trans-Pacific trade. The full statement is below. “Today, I am voting to request additional information from the Transpacific Stabilization Agreement (TSA) parties on their proposed amendment to permanently include the westbound trans-Pacific trade as part of the TSA. By way of background, TSA previously filed an amendment seeking a 24-month trial period to expand the geographic scope of TSA to include westbound trans-Pacific trade. That 24-month trial period began on April 14, 2013. I am not going to disclose at this time the questions I am asking in the request for additional information. However, I will take this opportunity to address the separate issue of port congestion. “In registering my vote today, I can comfortably say that the Commission has been responsible and judicious over the past two years with respect to the authorizations requested by the ocean carriers. This includes the review and allowance of requests such as vessel sharing agreements and proposed alliances, which have been recognized as promoting efficient and reliable international oceanborne commerce. I believe it is time that the ocean carriers do their part and find ways to assist in eliminating port congestion
Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of five percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001
Americas Systems has implemented a solution geared for the U. S. Customs 24-hour rule compliance, allowing ocean carriers and NVOCCs to comply with new EDI and information standards required by Customs for all shipments loaded on vessels calling at ports in the United States. Ocean carriers and Non-Vessel Operating Common Carriers (NVOCCs) must transmit shipment manifest data into Customs Automated Manifest System
Asia/Med peak season started badly as cargo growth from Asia to the Mediterranean was poor in June, which is an ominous sign for the rest of this year’s peak season. Containerized exports from Asia to the Mediterranean rose by only 1% between May and June, up to 415,000,000 teu, which does not auger well for the rest of the peak season. As the market is partly driven by tourism, much has to be in place before the end of August
Network Pipeline has introduced Crew Vision 2001, an Internet-based personnel logistics database tool for use by fleet personnel departments in the marine industry. The new system can be used for commercial shipping lines and passenger cruise lines internationally. Based in Fort Lauderdale, Fla., Network Pipeline's Crew Vision system provides ocean carriers and passenger cruise lines with a paperless solution in regards to crew management.
Evergreen America Corporation, agents for global ocean carrier Evergreen, has moved U. S. headquarters to Jersey City, NJ , from Morristown, NJ, effective November 17. The move returns more than 200 jobs to Jersey City. The new address is 1 Evertrust Plaza, Jersey City, NJ 07302. For ten years, Evergreen America maintained its head offices at the Evertrust Building, which is owned by an Evergreen Group division, before moving to Morristown four years ago.
CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean routes. Big Schedules actively sources ocean carriers’ published sailing schedules and live vessel location data in order to provide personalized search results for faster and greater insights to
Although the top 12 ocean carriers in the world today look set to continue dominating the market up to at least the end of 2014, UASC’s recent newbuild order will propel it up the ladder in a startling way. United Arab Shipping Company’s confirmation last week that it has ordered five 18,000 vessels and five 14,000 teu vessels for delivery between late 2014 and mid-2015 is the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst
UTi Worldwide Inc., a global supply chain services and solutions company, together with its client, Ansell Limited, named Safmarine its "Partner of the Year" for 2013-2014 during their annual Ocean carrier performance review meeting in July. The award recognizes the strength of Safmarine’s relationship with UTi Worldwide and Ansell Limited. UTi and Ansell jointly selected Safmarine as a global ocean partner as part of their Strategic Ocean freight Partnership program
B+H Ocean Carriers Ltd. Has acquired a 1993-built, 83,000 DWT Combination Carrier to be renamed MV SAKONNET for $36.4 million. The purchase, made effective as of January 15, 2006, also reflects the continuation of a five-year Time Charter which commenced in October, 2005. The purchase was effected through an existing tax lease structure with the Company as disponent owner through a bareboat charter party. Additionally
The Israeli ocean carrier Zim Integrated Shipping Services is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.
UK P&I Club, a shipping protection and indemnity mutual insurers, and TT Club, an international transport, freight and logistics insurance provider, have welcomed the amendment to the Safety of Life at Sea Convention (SOLAS) from the International Maritime Organization (IMO) on the
PortMiami Deep Dredge gives businesses the infrastructure necessary for growth The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships
CMA CGM has signed an agreement with the Port of Virginia to add the Port of Richmond as a destination for shippers booking cargo on its ships. The Port Virginia announced a cooperative effort with ocean carrier CMA CGM that will greatly enhance service at the Port of Richmond
German ocean carrier Hapag-Lloyd aims to launch preparations for an initial public offering (IPO) in September, which is sooner than it originally planned, as a result of strong financial results, says Reuters. Hapag-Lloyd’s solid second quarter financial performance
The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling in a protracted industry slump - China Ocean Shipping Group (Cosco) and China Shipping Group -
The Marseille-based French company CMA CGM S.A has announced readiness to start operation in Iran on August 6. CMA CGM, the world’s third-largest shipping line in terms of container vessel capacity, will add Shahid Rajaei port in Iran to its Asia-Europe loop
The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal. JAXPORT has officially announced the addition of the world’s No
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn. Hapag-Lloyd AG has already mandated investment banks Deutsche Bank AG
Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making
Following is the statement of FMC Commissioner William P. Doyle follows: We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement
Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become
Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity. A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.
Kestrel Liner Agencies, a pre-eminent ocean freight provider serving the Caribbean, has started offering capacity on the Haven Platform. Haven, the private marketplace for buying and selling ocean freight capacity. The new partnership offers shippers a growing selection of port pairs.