Port 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.

Container traffic at the Port of Oakland in January soared 38.5 percent compared to January 2015, indicating the market share that the Northern California port lost during the coastwide labor disruptions last year has been regained.

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.

The rough Asia-Europe trade market and tit-for-tat sanctions between Russia and the West had a devastating impact on the Port of Hamburg’s throughput in 2015 by causing it to lose its status as the second-busiest port in Europe.

China Merchants Group plans to build a new outer seaport on the basis of the existing Klaipeda seaport in Lithuania, one of the largest seaports in the Baltics, while investing in in Klaipedos Smelte, the largest loading company in the port, according to recent statements from Arturas Drungilas, director of marketing and general affairs for the Klaipeda seaport.

Jawaharlal Nehru Port Trust, India’s biggest, public, container handler, has relaxed conditions set earlier for using its “direct port delivery” facility for clearance of import cargo from its own terminals.

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.

The White House’s $4.1 trillion budget proposal unveiled Tuesday once again falls far short of the targets set by legislation President Obama, himself, signed less than two years ago.

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.