Maersk joins New York Shipping Exchange
Danish container shipping giant Maersk Line has followed in the footsteps of its counterparts CMA CGM and Hapag-Lloyd and joined the New York Shipping Exchange (NYSHEX) as its founding member. Along with Hapag Lloyd, CMA CGM, MOL, OOCL, and COSCO, Maersk Line will begin posting digital contract offers for the Transpacific Westbound trade on the exchange as early as March of this year. "This marks a significant milestone for us as we now have added six of the top global ocean carriers as members in the last nine months," says a statement from NYSHEX.
Ocean Network Express Completes Merger Approvals
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. "K Line, MOL and NYK have announced that their new joint venture company, Ocean Network Express Pte. Ltd., established in July 2017, has received all necessary merger approvals from local competition authorities in regions and countries where such approvals are required for the launch of service by the newly established joint venture company…
Ocean Services Completes DP2 Conversion
Ocean Services, a member of the Stabbert Maritime Group of Companies has recently completed the 278.8 ft by 59 ft DPII deep-sea construction vessel, Ocean Carrier. Built as a multi functional platform, the Ocean Carrier is a valuable asset to the offshore construction industry and went directly on contract upon completion of the refit. The shipyard division of Stabbert Maritime, Stabbert Yacht & Ship, was contracted to assist in the refit and DP upgrades with Ocean Services managing the project oversight.
Ocean Services Expands Offshore Fleet
Ocean Services, a member of the Stabbert Maritime Group of Companies, has acquired the Ocean Carrier, an 279 ft X 59 ft deep-water construction vessel in order to expand their commercial fleet. This new asset marks Stabbert Maritime’s strategic move toward deep-water construction including ROV support, saturation dive support, and core drilling operations. The Ocean Carrier is currently under complete rebuild at Stabbert Maritime’s satellite yard in Houston, Texas. The refit consists of installing a new Dynamic Positioning (DPII) Kongsberg control system…
Canada Maritime Wins Accolades Again
For the third year in a row, Canada Maritime has been named ‘Carrier of the Year - Ocean Freight’ by the Canadian International Freight Forwarders Association (CIFFA). Trade Lane’. same three Eastern Division top honors. The honors, announced at CIFFA's annual Forwarders' Choice Awards ceremony held recently in Montreal, are the result of a vote by CIFFA's members. Terry Burrows, Senior Vice President of CP Ships commented: “We are delighted that we are able to celebrate our third win in a row with no fewer than three separate awards.
Horizon Lines Nets Quality, Service Awards
Horizon Lines receives top honors in 'Quest for Quality' award, ranked first by customers for outstanding service. Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been honored for the fourth consecutive year with Logistics Management magazine's annual Quest for Quality award, winning top honors among Ocean Carriers. The annual survey is widely regarded in the transportation and logistics industry as one of the most important measures of customer satisfaction and performance excellence. The company ranked first among the 13 domestic and international ocean carriers that qualified for this year's Quest for Quality award.
Descartes Holds Education Sessions Globally
Descartes Systems Group announced that in conjunction with Nippon Automated Cargo and Port Consolidation System (NACCS) it has launched a number of education sessions around the world to help ocean carriers and forwarders prepare for the upcoming Japan Advanced Filing Requirement (AFR). NACCS is responsible for the operation of the AFR system for Japan's Customs and Tariff Bureau. "With the Advance Filing Requirement, Japan is working to better secure its borders while improving the flow of goods into the country," said Robert Beauchemin, Executive Vice President Sales and Alliances at Descartes. Education sessions have already been conducted in Hong Kong, Shanghai and Ningbo, China for almost 400 ocean carrier and forwarder representatives. -- Webcast April 9 at 11 a.m.
Limited Brands Honors MOL
Limited Logistic Services, the transportation arm of specialty retailer, Limited Brands, has presented MOL its ocean carrier 2006 Distinguished Service Provider award. Limited Brands made the announcement on January 29, 2007. Limited Brands, the internationally recognized parent company of Victoria’s Secret, Express, Bath & Body Works, and Limited Stores, owns and operates more than 4,000 stores in the United States. The Distinguished Service Provider award is presented annually to the ocean carrier whose supply chain innovations best support the achievement of Limited Brands’ goals.
Crowley’s Ocean Carriers are "Best of the Best"
Crowley Liner Services was recognized as a "Best of the Best" ocean carrier in Logistics Management magazine's 20th anniversary Quest for Quality reader survey, the results of which were published in the magazine's August edition. For the second consecutive year, Crowley was rated the top ocean carrier serving Central America and the Caribbean, and was ranked No. 4 in the world, after nearly 3,000 magazine readers, all of whom buy transportation or third-party services, completed the Quest for Quality questionnaire mailed earlier this year. Areas surveyed included on-time performance, value, information technology, customer service, and equipment and operations. Also worth mentioning is Crowley's ability to exceeded the industry average in all five categories.
Maersk, IBM to Launch Blockchain Joint Venture
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy. Success of the platform, which will be made available to the ocean shipping industry around mid-2018, depends on whether Maersk and IBM can convince shippers…
FMC Commissioner Addresses Port Congestion
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.
FMC's Doyle Acknowledges Progress on Container Weight Rules
U.S. Federal Maritime Commissioner William P. “OCEMA's statement on container weighing this evening is welcome news,” Doyle said. “The ocean carriers, marine terminal operators and shippers must work together to find common sense solutions. “While OCEMA's announcement is certainly a step in the right direction, we still need to address an important liability issue for the shippers. The shippers do not own, maintain and/or control ocean shipping containers,” Doyle continued. “The…
Hapag Lloyd to Test XVELA
Hapag-Lloyd has announced it has signed a cooperation agreement with XVELA’s Oakland based partner company XVELA to pilot test the new XVELA platform. With Cargotec in the process of acquiring the CAPSTAN stowage planning software used by Hapag-Lloyd, Cargotec company XVELA has signed up the German carrier to a pilot project. Hapag-Lloyd is the first ocean carrier to sign on for the pilot program of XVELA’s next-generation solution, underscoring the company’s long-standing commitment to innovation.
Richmond Now Destination for CMA CGM
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, an upriver barge terminal located on Interstate 95 that extends the port’s inland reach by 90 miles. The growing, world-wide ocean carrier is offering a Richmond bill of lading to the shipping public, both importers and exporters.
Horizon Lines, Wal-M Jones Act Carrier Award
Horizon Lines, Inc., (NYSE:HRZ), a domestic ocean shipping and integrated logistics company, has been named Jones Act Carrier of the Year for 2008 by Walmart Stores, Inc. The award is presented each year to a domestic ocean carrier to recognize best-in-class schedule reliability and exceptional customer service. The award was presented at a meeting at Walmart's headquarters in Bentonville, AR on May 12. "Horizon Lines' overall dedication to customer service, operational excellence, and the ability to offer creative solutions to Walmart's complex supply chain opportunities has set Horizon apart from its peers," noted Kelly Abney, Vice President, Walmart Corporate Transportation.
Container Weighing Protocol Set for Port of Charleston
The South Carolina Ports Authority (SCPA) has today filed a rule in its Marine Terminal Operating Schedule (MTOS) outlining its process for adherence to the IMO regulations regarding Safety of Life at Sea (SOLAS) Regulation VI/2, consistent with the U.S. Coast Guard Maritime Information Safety Bulletin on this topic, which outlined that existing procedures to comply with U.S. terminal safety regulations could be used to comply with this important regulation. This provision allows the Port of Charleston to provide VGM data directly to ocean carriers via EDI 322 messages as today and provides that shippers using the Port of Charleston authorize this practice, unless they make other arrangements with their ocean carrier.
Ocean Carriers and NVOCCs Select Descartes
Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014. Japan's AFR mandate requires ocean carriers and NVOCCs to electronically submit data to Japan Customs on maritime container cargo intended for a port in Japan no later than 24 hours before departure of the vessel from the port of loading.
Ocean Carrier Can’t Use Carmack Amendment
The US Court of Appeals for the Second Circuit ruled that the Carmack Amendment does not apply to ocean carriers that utilize an intermodal bill of lading. In the instant case, plaintiff cargo owner contracted with defendant ocean carrier for the transport of cargo from Rotterdam to Colorado via the port of Houston. The cargo arrived in Houston. Plaintiff directed defendant to hold the cargo because the consignee had not yet tendered payment. Defendant negligently released the cargo to the consignee, which shortly thereafter declared bankruptcy. Plaintiff sued defendant ocean carrier for its loss. Defendant moved for partial summary judgment to limit its liability under the Carriage of Goods at Sea Act (COGSA)…
Horizon Earns Quest for Quality Award
Horizon Lines, Inc., (NYSE:HRZ), the nation's leading domestic ocean shipping and integrated logistics company, has earned a 2009 Quest for Quality Award in the ocean carrier category from Logistics Management magazine. The Quest for Quality award recognizes leading logistics and transportation providers for service excellence and customer satisfaction based on performance, value, information technology, customer service, equipment and operations. The Quest for Quality Award is based on a wide-ranging survey conducted each year by Logistics Management, a leading monthly publication for supply chain professionals. The publication surveys qualified buyers of logistics and transportation services to evaluate providers on service excellence and customer satisfaction.
Container Carrier Rate Wars Intensify
Ocean carriers cannot afford to operate services from Asia to Europe at rates which are between 25% and 30% lower than in January, says Drewry. Although the recent collapse of rates was excessive, it will not be reversed until carriers withdraw at least two more loops to North Europe – preferably before the peak season, considers Drewry in its latest edition of 'Container Insight'. Last week’s dramatic escalation of the rate war between Asia and Europe appears to have been partly triggered by ocean carrier concerns over future cargo volumes, not just declining load factors. According to the IMF’s latest prediction two weeks ago, the Eurozone’s economy will now decline by 0.3% in 2013 instead of the 0.1% fall previously forecast, and the UK’s will grow by only 0.7% instead of 1%.
Mediterranean/N.American Freight Rate Stagnancy
Ocean carriers were unable to increase freight rates between the Mediterranean and North America from November to January due to continuing poor vessel utilisation and the approaching threat of P3, according to the latest edition of Drewry's Container Insight Weekly. According to Drewry’s Container Freight Rate Insight, the average all-in freight rate quoted to forwarders for spot cargo from Genoa to New York remained a poor $1,950/40ft throughout. New York’s port difficulties may have been a problem for ocean carriers…
Maersk Cuts 110 Jobs at HQ
Danish ocean carrier Maersk Line has begun the process of reducing its workforce as part of the cost cutting plan. The world's largest ocean carrier is eliminating 110 positions this month at its headquarters in Copenhagen where 1,125 persons worked previously. Maersk would reduce its landside staff of 23,000 by 17 percent (around 4,000 jobs) by the end of 2017. The positions are being eliminated as part of a plan announced Nov. 4 that seeks to reduce sales, general and administration costs by $250 million. In 2016, the impact will be $150 million, it said.
America Systems Facilitate with New Customs Rule
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. (AMS) at least 24 hours prior to loading at foreign port of origin. period for complying with the new rule will end February 3, 2003. terrorist risk from cargo containers. world. Sealand, one of the largest container lines in the world. manual workarounds and system enhancements. the system enhancement project on time and on budget. development. requirements. ensures and measures project success.