Marine link


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.

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

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

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

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

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.

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

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

Odfjell's Tanker Overhaul Seeks to Slash Emissions by 20%

Bow Clipper is the first of Odfjell’s tankers to be upgraded (Photo: Odfjell)

Norwegian tanker shipper Odfjell announced it is upgrading the propulsion systems aboard 19 of its chemical tanker vessels in a move that aims to reduce its fuel consumption and emissions by up to 20 percent.   The upgrades, which include the retrofit of new energy efficient propeller

Rand Takes Delivery of Newest Self-Unloader

Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels.   According to Rand, the new vessel will have the largest carrying capacity of any

P&I Clubs Welcome Changes on Container Weighing

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

Hapag-Lloyd Secures Financing for Five Newbuilds

The new ships are being built by the South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). (Photo Hapag-Lloyd)

Container shipper Hapag-Lloyd announced it has signed a 12-year $372 million facility agreement with a banking syndicate to finance the construction of five new vessels ordered from a South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) in April 2015.  

Hapag-Lloyd, Maersk Partner on Dangerous Goods Safety

Hapag-Lloyd’s Berlin Express (Photo: Hapag-Lloyd)

Hapag-Lloyd and Maersk Line have agreed to cooperate in increasing the safety of dangerous goods following a meeting today in Hamburg in which Maersk Line showed interest to implement a tracing system similar to Hapag-Lloyd’s watchdog program into its business processes.  

East-West Shippers' Contract Rates Falling -Drewry

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight

Another Japanese Bulk Shipper Seeks Bankruptcy Protection

Daiichi Chuo liabilities total $1.5 bln. Second dry bulker to seek bankruptcy protection this month. Japanese bulk carrier Daiichi Chuo Kisen Kaisha said on Tuesday it had filed for protection from creditors - the second shipper to do so this month - with analysts predicting more failures if

Scorpio Services Holding Ups Stake in Scorpio Bulkers

Photo: Scorpio Bulkers

Scorpio Bulkers Inc. announces purchase of 1,436,352 common shares by Scorpio Services Holding Limited    Dry bulk commodities shipper Scorpio Bulkers Inc. announced today that Scorpio Services Holding Limited has purchased an aggregate of 1,436

UN Defends Arms Shipment in Kenya, Calls Drug Claim Disturbing

Weapons discovered by Kenyan authorities aboard a Norwegian ship were part of a legitimate cargo for United Nations peacekeepers and the vessel should not have been inspected without a U.N. presence, a U.N. spokesman said on Thursday.  

WCI/ICMB Agriculture Video Educates Millions

WCI President Michael J. Toohey

WCI and the Illinois Corn Marketing Board have undertaken a campaign with Google and YouTube to raise public awareness about the critical importance of inland waterways transportation to production agriculture.   The goal of the campaign is to have more than one million people view

Star Bulk Sells Supramax Ship

Dry bulk shipper Star Bulk Carriers Corp. announced the sale of a 58,722 dwt Supramax vessel, M/V Maiden Voyage, built in 2012 (tbr Astakos).   Star Bulk said the vessel was delivered to its buyers, an unaffiliated third party, on September 15, 2015.   

IMO Warns on Bauxite Liquefaction Dangers

Photo: IMO

 The International Maritime Organization (IMO) announced it has taken action to warn ship masters of the possible dangers of liquefaction associated with carriage of bauxite, following consideration of findings from the investigation into the loss of the 10-year-old Bahamas flag bulk carrier

Puget Sound Container Volume Growth Continues

Photo: Northwest Seaport Alliance

The Northwest Seaport Alliance, a marine cargo operating partnership of the ports of Seattle and Tacoma, saw container volumes grow for the sixth straight month in August, improving nearly 15 percent compared to August 2014.   According to the Alliance, the increase is significant

Global Maritime Files for Bankruptcy

Dry Bulker: International Chamber of Shipping

 Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York  Tuesday in order to liquidate its business due to a continued industry downturn, reports WSJ.    The bankruptcy filing of the international shipping company came in

Savannah Harbor Dredging Begins

Photo: Georgia Ports Authority

 The dredging project in the Savannah Harbor began on Monday. The Army Corps of Engineers, the federal agency overseeing the harbor expansion, says that the project started on Tybee Island as crews on a 220-foot dredging barge worked about 5 miles offshore.  

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