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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


CMA CGM Communication on VGM of Packed Containers

Photo: CMA CGM

 As of July 1st, 2016, the enforcement of the Safety of Life at Sea Convention (SOLAS) requirements regarding the verification of the gross mass of packed containers will be applicable.   A packed container will not be allowed to be loaded on board vessels to which the SOLAS Convention applies unless the Verified Gross Mass (VGM) of the container has been provided to the ship’s master or his representative and to the terminal or its representative sufficiently in advance to


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.


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


Peak Season to be Muted Says Drewry Shipper Survey

 Carriers hoping for a respite from difficult market conditions with the traditionally buoyant peak season may be disappointed as a recent survey has revealed that shippers expect this year’s peak season to be subdued.   Shippers tell Drewry survey they don’t expect much of a volume uplift in the third-quarter peak season.   Nearly half of the 51 shippers who responded to the survey by Drewry Supply Chain Advisers said they expect volumes for the third-quarter


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.


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


Incheon port Targets 3m teu Throughput

Participants are vowing to reach 3,000,000 TEUs early at Incheon Port  Photo Incheon port

The Incheon Port Authority or IPA (www.icpa.or.kr, IPA) proclaimed a new voyage to make the top 30 ports in the world in a ceremony to celebrate the achievement of 2.5 million TEU annual container volumes at Incheon New Port located in Songdo-dong, Yeonsu-gu, Incheon, on December 16.


Maersk, Alibaba Team up to offer Online Booking

File Image: A maersk vessel alongside working cargo (Maersk)

Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.  


Spot Box Rates Rise Above 5-Year Average

Graph: Drewry Shipping Consultants Limited

 Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, said a report by Drewry.   The latest weekly reading is $1,770/40ft container for the composite index


Spot box rates rise above 5-year average - Drewry

Image Drewry

Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years. The latest weekly reading is $1,770/40ft container for the composite index, reflecting increases on individual lanes to $1


NYK Selected Best Container Liner - TNSC

The award is given to container liners that are recognized as the best in each route Photo NYK

NYK has been selected as the recipient of the 2016 Best Container Liner Award sponsored by the Thai National Shippers' Council (TNSC). NYK, which was evaluated highly for its services, was the only Japanese company to be recognized.  


EU approves Italian Scheme fo Shortsea Shipping

The European Commission said on Monday it had approved two Italian public support schemes designed to shift freight transport from roads to cut congestion and pollution. The first measure, with a budget of 255 million euros, aims to shift freight traffic to rail by granting subsidies to rail


Moody's Downgrades Maersk's Credit Rating

File photo: Maersk Line

Moody's downgraded A.P. Moller-Maersk's credit rating on Tuesday, piling pressure on the world's biggest container shipper as it juggles a major restructuring with a multi-billion dollar acquisition of a German rival.   Moody's said the downgrade from Baa1 to Baa2 with a negative outlook


CMA CGM Opts for DP World London Gateway

Ships to stop off in the UK for the first time following improvements to the line’s North Europe to Central America service rotation. Photo: DP World London Gateway Port

 CMA CGM’s European Caribbean Service is to begin calling at DP World London Gateway Port following enhancements to the rotation.    It means that this particular service will be calling in the UK for the first time on Friday, January 6.   


Two Maersk OSVs Sink off of France

A.P. Moller-Maersk said on Thursday two of its offshore oil industry supply vessels sank off the coast of France earlier in the day as they were being towed for scrapping in Turkey.   It said the two vessels, Maersk Searcher and Maersk Shipper


CMA CGM Launches Direct Asia Service from New Orleans

Photo courtesy Port NOLA

 France-based CMA CGM today announced a new direct weekly container service to Asia from the Port of New Orleans Napoleon Avenue Container Terminal. Part of the company’s PEX3 service, the inaugural vessel is scheduled to arrive on January 31 for service by terminal operator Ports


Descartes Acquires Datamyne

Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.  


Busan Port May Hit by Shipping Alliance Reshuffle

Photo: Busan Port Authority

 The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan and  the harbor volume of Busan Port is expected to drop by 3.5 percent from next year, the Korea Herald reported quoting Korea Maritime Institute (KMI)’s report.  


India to Push Coastal Shipping

Indian Shipping Minister Nitin Gadkari. Photo by PIB, Govt of India

 Coastal shipping provides benefit in the form of less environmental pollution due to lower per km consumption of fuel.     However, unavailability of consolidated cargo, return cargo and general lack of awareness among shipper community make coastal shipping unviable.  


Incheon Port Cargo Volume Crosses 2.5mln TEUs

Participants are vowing to reach 3,000,000 TEUs early at Incheon Port while shouting a catchphrase in a ceremony commemorating 2.5 million TEU annual container traffic volumes at Incheon Port on Dec. 16.  Photo: Incheon Port Authority

 Incheon Port's annual container volume surpassed 2.5 million TEUs as of December 16, the largest-ever volume in the history of Incheon Port, in 11 years since hitting 1 million TEUs in 2005 and in three years since reaching two million TEUs in 2013.  


INTTRA Celebrates 15th Anniversary

Logo

Marking its 15th Anniversary in 2016, INTTRA, the world's ocean shipping electronic marketplace, looks back on the success of its innovative platform while embracing its future as the digital leader in logistics - growing rapidly and expanding its offering.  






 
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