Maritime News

SOLAS VGM IMO container weight
In an indication of the range of issues that remain to be resolved in the U.S. before the SOLAS container weight rule takes effect in July, a public meeting of U.S. federal agencies, carriers, terminals and shippers (and media) will meet later this month in Washington under the auspices of the Federal Maritime Commission.

SOLAS VGM IMO container weight
Maritime NZ, New Zealand’s maritime authority, is seeking stakeholder comments until March 11 on draft guidelines for compliance with the International Maritime Organization’s Safety of Life at Sea verified gross mass amendment.

Damco posted a $19 million profit in 2015, reversing a 2014 loss of $293 million in what Maersk Group CEO Nils Andersen called “an early sign” that the forwarder’s two-year turnaround program is working.

Amazon’s ambitions to take more control of its container shipping have become more apparent after the e-commerce giant filed an application with the Shanghai Shipping Exchange to be forwarder on 12 major routes and a 2013 internal proposal reveals its vision for a global delivery network.

Maersk Line, Mediterranean Shipping Co. and more than a dozen other carriers will revise their pricing practices to avoid fines and end an EU antitrust suit and investigation, people familiar with the matter told Reuters.

APM Terminals reported a 27.3 percent drop in net profit for 2015 as its container throughput declined by 5.9 percent because of divestments and weak volumes in some markets, parent A.P. Moller-Maersk Group said.

Container shipping demand and capacity are matching up better after the latter greatly outpaced the former in the last three months of 2015, but it’s too soon to tell if the improvement will hold, said Nils Smedegaard Andersen, CEO of Maersk Group.

Maersk Group’s 2015 profit tumbled 82 percent to $925 million as record low freight rates and a write down in the value of its oil assets savaged the Danish shipping giant’s annual earnings.

Hapag-Lloyd says there was a 65 percent increase in improperly declared hazardous cargo it carried last year, the latest sign of how dangerous goods could disrupt supply chains through accidents such as those that took place recently in China and Brazil.

The Agriculture Transportation Coalition said a new international container weight verification rule threatens U.S. exporters with lost business and supply chain “turmoil,” and warrants a congressional inquiry.