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BIMCO, Global Shipping Forum launch “SERVICECON”

Port of Hamburg

  BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers. The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport, often lack the legal resources to develop their own agreements with carriers. Following a two year period of discussions between carrier and shipper representatives, the BIMCO/GSF SERVICECON Standard Service Contract has been developed to provide a basis for container volume agreements. It provides a comprehensive starting point for negotiations and helps to smooth and speed up the contractual process. Shippers and carriers can amend the contract to suit their individual commercial needs, providing the flexibility needed for making commercial agreements. Grant Hunter, Chief Officer Legal and Contractual Affairs at BIMCO, said, “We are delighted to have worked together with GSF to produce this new standard service agreement that will benefit the industry by its simple wording and fair reflection of the interests of shippers and carriers. “It has been designed to be used as a framework container volume service-level agreement for the liner trades – and to be adaptable for commercial parties’ individual needs and


NPRM Issued on Items Requiring Shipper's Export Declaration

The U.S. Census Bureau issued a Notice of Proposed Rulemaking (NPRM) that would, if adopted, require shippers who export items identified on the Commerce Department Commerce Control List (CCL) or the State Department United States Munitions List (USML) to file the Shipper's Export Declaration (SED) electronically via the Automated Export System (AES)/AESDirect. Comments on this proposal must be submitted by December 9, 2002.


Improving Freight Rates May Help Shippers Cope With Fuel Costs

The shipping industry is in a better position to cope with soaring fuel prices because of growth in trade as Asia recovers economic crisis, analysts said. The price of bunker fuel, which typically makes up about five percent of a shippers' total operating costs, has over the past six months doubled to $140 per ton. The spoils from improved conditions have not been evenly shared within the industry, with tanker owners the worst hit


RSPA Proposes Security Requirements HAZMAT Shipments

The Research and Special Programs Administration (RSPA) of the U.S. Department of Transportation has published a Notice of Proposed Rulemaking (NPRM) proposing new requirements to enhance security of hazardous material (HAZMAT) transported in commerce. Shipping papers would be required to include the name and address of the consignor and consignee and the shipper's DOT HAZMAT Registration Number, if applicable. Shippers and carriers of certain highly hazardous materials would be required to


Container Shipping Reliability Report Published

An INTTRA, SeaIntel, collaboration reports 'On-Time Performance & Schedule Reliability' of the ocean shipping industry INTTRA, an active worldwide network for ocean shipping, and SeaIntel, container shipping market analysts, announce the availability of the initial publication of the industry’s only shipping reliability report that combines on-time performance with schedule reliability measures. “For the first time shippers can now analyze actual container delivery time


Judge For U.S. Regulator Strikes Committed Rates On Seaway Pipeline

  A Federal Energy Regulatory Commission judge annulled committed shipper rates on the Cushing-to-Texas Seaway pipeline on Friday, despite objections from energy companies who say it could jeopardize billions in infrastructure investment. Administrative law Judge Karen Johnson upheld a ruling she made last September, saying the contracts that Seaway Crude Oil Pipeline Company LLC negotiated with committed shippers must be "disturbed" because of the


Russian Icebreaker Operator Predicts Easier Winter Conditions For Arctic Shippers

An earlier forecast that Arctic shipping would face problems from severe weather has not been realized, experts now see no major disruptions to winter shipping. Thickening of ice, which had been officially forecast to start this year 10 to 15 days earlier than normal, did not happen, sources said, adding that it is now believed that shippers will see easier winter conditions in that region.


Federal Mediator Steps In

According to reports, dockworkers agreed to federal mediation Wednesday in the labor dispute with shippers as political pressure mounted in Washington, D.C. In the first breakthrough since shippers locked longshoremen out of West Coast docks Friday, the International Longshore and Warehouse Union agreed to have federal mediator Peter Hurtgen meet with both sides to talk about the thorny subject of technology. The announcement came as California's senior U.S


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.


The Hearsay Portal: part 1 of 2

Chris Giermanski (Director of International Operations, Transportation Services, Inc.)

Dr. Jim Giermanski (Chairman, Powers Global Holdings, Inc.) and Chris Giermanski (Director of International Operations, Transportation Services, Inc.) weigh in on the balance between facilitating trade and guaranteeing cargo identity and quantity - and what CPB needs to do to achieve just that. Automated Commercial Environment (ACE) Modernizing the flow of Customs data and improving security began many years ago


Hapag-Lloyd Sees Uptick of Incorrectly Declared Dangerous Goods

Photo: Hapag-Lloyd

Year-on-year increase of 65 percent; more than 4,300 cases worldwide   Container shipper Hapag-Lloyd said it registered considerably more incorrectly declared dangerous goods last year, compared to 2014. The Watchdog program developed jointly by Hapag-Lloyd’s IT and dangerous goods


Containers to Be Weighed Before Departure

Photo: Danish Maritime Authority

In a new measure aiming to minimize the number of shipping accidents, packed containers intended to be carried on international sea voyages must be weighed before being loaded, starting July 1, 2016.   In recent years, there has been a number of accidents where large ships have lost


Container Weighing at Felixstowe Port

The Port of Felixstowe is to offer a container-weighing service to exporters

The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations that will come into effect on 1 July 2016.   Commenting on the new service, Stephen Abraham


UPS Oposes CP-NS Merger

Photo: UPS

 UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp. (NS).   UPS' thumbs-down has dealt a severe blow to CP's $28 billion bid to acquire U.S


EGAS: BP LNG Cargo Postponed, Denies Payment Trouble

Egypt's state-owned EGAS said on Friday it had postponed a liquefied natural gas (LNG) delivery from BP last month until later this year, rejecting suggestions there were any payment difficulties. LNG tanker British Sapphire was diverted to Brazil rather than discharging in Egypt


Box Rates Drop, Chinese New Year No Help

File Image:Maersk

Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry.


Peel Ports Secures WEC Lines Service for Liverpool

Photo courtesy of Peel Ports

Dutch company WEC Lines is to begin weekly calls at the Port of Liverpool from February 10th, providing a new option for shippers looking to access central and northern UK markets.   The brand new service will connect Liverpool with Lisbon, Setubal, Leixoes and Sines and vice versa


Asia-Europe Box Rates Fall Again

File Image (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 13.9 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


What if Shippers Miss Weight Rule Deadline?

Pic: Maersk Line

 It seems increasingly unlikely that all shippers will be ready to meet their new verified gross mass obligation in July. What impact will this have on supply chains?    Drewry has previously alerted exporters and importers of the lack of progress and the many uncertainties left


Syscorp Focuses on Domestic Routes

Image: Shin Yang Shipping Corp Bhd

 Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star.   The leading Malaysian shipping company has realigned its focus to


ABS, COSCO Partner on Arctic Shipping Development

Parties bring together technical capabilities on trans-Arctic shipping Facing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper China Ocean Shipping (Group) Company (COSCO) have


Retailers Call on Union and Ports for Long-Term Stability

Matt Shay (Photo: NRF)

Strike at NY/NJ Waterfront Shows Need for Discussion   The National Retail Federation called on the International Longshoremen’s Association and the U.S. Maritime Alliance to seek long-term stability at East Coast and Gulf Coast ports following last week’s strike at the Port of


Dry-Bulk Shipping: Hitting the Bottom

Photo: China COSCO Bulk Shipping (Group) Co

 Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei.   The global commodities bust has rocked the dry-bulk shipping industry


Asia-Europe Box Rates Down 8 pct

The containership Maersk Kalmar. Maersk controls around a fifth of containers transported from Asia to Europe. (file image)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 8.1 percent to $431 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


MISC Bhd: Revenue Up

Puteri Firus, LNG Shipping. Photo: MISC Berhad

 Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015 full year financials when compared to 2014.   The liquefied natural gas (LNG) shipper said the higher earnings compared






 
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