CMA CGM on Wednesday announced the acquisition of German short sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
Keeping track of the constantly changing rates and amendments in the container booking system is complex and an exercise in frustration for forwarders, beneficial cargo owners (BCOs) and NVOCCs, but crucial to establishing a bottom line cost, believes CargoSphere president Neil Barni.
Congestion at West Coast ports could get slightly worse over the Thanksgiving weekend as longshoremen and employers take time off to celebrate the holiday.
Saying water levels have fallen in the St.
The International Maritime Organization last week agreed to an amended rule requiring container weights to be verified before boxes are loaded, cementing the rule’s implementation in July 2016.
With Asia to Europe trade showing growth that far exceeds the region’s GDP growth this year, and forecasts call
Indian shippers already facing a wave of surcharges tied to landside congestion at major ports received another blow earlier this week when the federal government issued a decree allowing Indian Railways to charge a “port congestion surcharge” for cargo moving to inland distribution points.
A combination of manufacturing migrating from China to its Southeast Asian neighbours and improving road infrastructure is set to grow cross-border trade, despite the import and export of containers taking up to three weeks in some countries.
The U.S. Government Accountability Office says the military should revise practices that cost taxpayers $823 million in fees over 10 years for late return of shipping containers, mostly for the war in Afghanistan.
Reinstated port congestion surcharges for container imports into the U.S. West Coast will go into effect beginning on Wednesday.
With reports of more 18,000 TEU ships soon to be ordered as carriers continue to pursue lower operating costs, the focus is again turning to what the next largest class of ships would look like.
One potential consequence of the congestion at West Coast ports - a shortage of containers in Asia due to difficulties repositioning them back from the U.S. - is being watched closely but does not seem yet to be creating widespread problems.
APM Terminals is eyeing expansion in Turkey to take advantage of container volume growth at the nation's Mediterranean and Black Sea ports.