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Shipper

Delivery of Cargo to Carrier Creates Quasi-Contract

The U.S. Court of Appeals for the Sixth Circuit ruled that a quasi-contract is created when the shipper delivers cargo to the carrier for ocean transportation. In the instant case, the shipper contracted with (and paid) a freight forwarder for shipment of its cargoes from the United States to Syria. The bills of lading were not signed by the shipper. The shipper delivered the cargoes directly to the carrier’s vessels at the pier in Texas. The cargoes were transported and delivered in good order. The shipper paid the freight forwarder, which went out of business and failed to pay the carrier. The carrier then sued the shipper. The court held that, under federal common law, a quasi-contract (or contract implied in law) will be held to exist where a party has performed as expected and payment is necessary so as to enable justice to be accomplished, even where no formal contract existed between the parties. Source: HK Law


JAXPORT Logistics & Intermodal Conference

Conference banner credit JAXPORT

Organizers of Jacksonville Port Authority's (JAXPORT) biennial 'Logistics & Intermodal Conference' have released the list of panel topics for discussion at the upcoming 2015 conference. The overall theme for 2015 is "Challenges Facing Shippers in South Atlantic Ports,” and the conference will feature five panel discussions sharing insights, solutions and successes. Panelists will be announced soon and will include senior executives from major ocean carriers, railroads


CBP Delays Enforcement of Change to “Shipper” Element

The U.S. Bureau of Customs and Border Protection (CBP) issued a Notice stating that is delaying indefinitely implementation of the change to the “shipper” element of the advance manifest filing requirement as provided for in its December 5, 2003 rulemaking under the Trade Act of 2002. The change was scheduled to come into effect on March 4, 2004 and would have changed the “shipper” element of the advance manifest filing required of carriers from “the shipper’s complete name and address


Shippers’ Voice Welcomes Call for Single Carbon Footprint in Europe

Shippers voice logo.jpg

Shippers seeking to choose ‘green’ or ‘sustainable’ transport are being put off by the confusion of initiatives and promises offered by logistics and transport companies, says  Andrew Traill, Shippers' Voice Managing Partner. “The lack of a common programme results in a proliferation of calculation methodologies, carbon calculators, sustainability initiatives and so on,” he explains


Container Weight Regulations

Image:  World Shipping Council

 Starting July 1, 2016, the International Maritime Organization’s (IMO) Maritime Safety Committee approved amendments to The International Convention for the Safety of Life at Seas’ (SOLAS), will require that shippers verify gross container weight prior to shipping.   But now, according to a report in the WSJ, IMO says ‘practical and pragmatic’ three-month grace period would calm exporter fears of widespread backups.  


East-West Shippers See Acceleration in Container Contract Rate Cuts

Image: Drewry

 Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.   The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract freight rate data provided confidentially by shippers


Ocean Shippers Turning to e-Invoicing

INTTRA release study findings that show 81% of surveyed ocean shippers look to cut costs through e-Invoicing in 2013. The findings were based on a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers. Four years of economic volatility have intensified pressure on carriers and shippers to seek new ways to reduce costs and have seen no relief on pressure to increase service levels


INTTRA to Offer Cargo Insurance on e-Commerce Network

Hong Kong headquartered FP Marine Risks provides insurance program to INTTRA network members via INTTRA's e-commerce platform. Leveraging the buying power of the INTTRA network, INTTRA members can elect to purchase cargo insurance at competitive rates during the shipping process through Alto, FP Marine Risks’ online insurance platform. Effective immediately, shippers can click a link to request a quote from FP Marine Risks through the INTTRA platform


Easing the Transition to GHS Shipping Label Compliance

Photo: Avery

Flexible, lower cost options enable shippers to print durable GHS labels on demand   For domestic and international shippers, now is the time to satisfy GHS freight label compliance. The “Globally Harmonized System” (GHS) was established by the United Nations to create a unified system for identifying and communicating hazardous chemicals. In the U.S., OSHA set a June 2015 deadline for chemical manufacturers to use GHS compliant labels


MarAd to Present Shipper Award

MarAd Administration will present the Shipper Award to the Fluor Corporation of Aliso Viejo, Calif, for their continuing support of the United States Merchant Marine. Acting Deputy Maritime Administrator Julie Nelson will present the award in a ceremony hosted by the Propeller Club of the United States at the Washington Navy Yard. Fluor has moved more than 32,000 metric tons of Iraq reconstruction cargoes and maintained a continuous supply chain through Iraqi ports.


WCI Praises Passage of Water Infrastructure Improvement for Nation

Logo

Waterways Council, Inc. (WCI) today commended the work of Congress to pass the Water Infrastructure Improvements for the Nation (WIIN) Act, of which the Water Resources Development Act (WRDA 2016) is included, by a vote of 78 to 21 during the lame duck session


Tanker Operators Brace for OPEC Cuts

© Jose Gil / Adobe Stock

Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.   Fewer Middle East cargoes will mean lower freight rates for operators of very large


Maersk, Hyundai Merchant Marine alliance talks in doubt

Hyundai Merchant Marine says still in talks to join 2M; joining an alliance was precondition for HMM debt relief. Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the


2M Alliance's NO to Hyundai Merchant

Photo: Hyundai Merchant Marine

 Danish shipper Maersk Line, part of A.P. Moller-Maersk, said it is no longer considering Hyundai Merchant Marine for membership in the group, reports Reuters.   This is a major blow to the troubled Korean shipping company. Membership in 2M Alliance would have guaranteed HMM a steady


Bahri Signs $350 mln Islamic Finance Deal for Oil Tankers

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Wednesday it had signed a $350 million Islamic 10-year financing deal to pay for the building of five oil tankers. The 10-year murahaba financing was arranged by Standard Chartered


E-business in Forwarding - Threats and Opportunities

Image: Drewry Shipping Consultants Limited

 In this white paper, Drewry consultants investigate the drivers behind the accelerating use of new e-business models and online platforms in international shipping transactions and assess the implications for freight forwarders, ocean carriers and those investing in the technology and


Korea Line Buys $31.4m Biz from Hanjin Shipping

Photo: Hanjin Shipping Co Ltd

 South Korea's Hanjin Shipping Co Ltd  will sell part of its container ship business to Korea Line Corp for 37 billion Korean won ($31.38 million), reports Reuters.   Korea Line will buy Hanjin's Pacific routes shipping business, relevant client management information


Hyundai Denies 2M Partnership Failure

Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) has denied reports that it failed to join the global shipping alliance 2M  that the company has sought for months as part of its normalization plan.   According to Yonhap, "We are still in negotiations (with 2M) to iron out differences


Shipping Shares Drop after Seanergy Maritime Offer

Photo: Seanergy Maritime

Shares of many shipping companies dropped in volatile trading, retracing more of their post-U.S. election gains after Seanergy Maritime Holdings on Friday became the latest shipper this week to announce a direct share offer pricing.  


APL launches India East Coast Express Service

APL Gwangyang Courtesy APL

APL today announced the launch of the India East Coast Express (IEX) service – a new weekly service which directly connects the North Asia markets of Korea and China to Chennai, India. “The new IEX service facilitates our customers’ growing business need for additional and


$1.9 bln Shipping Rescue Package in Taiwan

Photo: Evergreen Marine Corp

 Taiwanese government said it will provide 60 billion New Taiwan dollars ($1.9 billion) to support the country’s shipping industry, according to Reuters.   The package, announced late Tuesday, involves a credit line with preferential interest rates aimed mainly to help Evergreen


Taiwan Offers to Lend Shippers $1.9 bln

File Image (CREDIT: Hanjin)

Taiwan's government said on Wednesday it will offer to lend struggling local shippers NT$60 billion ($1.9 billion) at below-market interest rates, to help them cope with the industry's worst downturn. "The global shipping industry is going through a tough time


Scrubbers Set to Help Shippers Meet the New Sulfur Cap

The 0.5 percent global sulfur cap by 2020 requires marine industry action. “By 2025, up to 20 percent of the global fleet could have [scrubber] technology installed,” estimates DuPont Clean Technologies Marine Business Development Manager, Europe, Marco Dierico


Korea Line to Take Over Hanjin's Asia-US Route

Photo: Hanjin Shipping

 South Korea’s Korea Line has been picked as the preferred bidder to buy the troubled shipper Hanjin Shipping’s Asia-US operations, beating Hyundai Merchant Marine, reports Reuters.   The judge at the Seoul Central District Court


Hapag-Lloyd's Quarterly Profit Up, Sees More Cost Cuts

Photo: Hapag-Lloyd

German container shipping group Hapag-Lloyd reported a rise in third-quarter net profit and said it would press ahead with cut costs and seek economies of scale to cope with the worst downturn the industry has ever seen. Net profit at the Hamburg-based firm came to 8.2 million euros ($8






 
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