A New Jersey law that reshapes the way the state assesses whether a worker is an independent contractor or an employee has triggered opposition from truckers who say it will damage the Port of New York and New Jersey’s drayage fleet.
Thursday November 14, 2019 Log In Register Subscribe Need Help?
Mediterranean Shipping Co.
Mediterranean Shipping Co.
Privately owned Mediterranean Shipping Co. (MSC), the world’s second-largest shipping line, was founded in 1970. MSC currently operates more than 500 vessels, annually carrying some 20 million TEUs of cargo on some 200 routes to about 500 ports of call. It employs nearly 50,000 people in nearly 500 offices worldwide.
Over the first nine months of 2018, MSC was the third-ranked container carrier, with respect to total U.S containerized import trade, with volume of 2,175,000 TEUs, up 3.1 percent year-over-year, for a market share of 12.1 percent. Over the same period, MSC ranked second in terms of U.S containerized export trade, with volume of 1,250,000 TEUs, up 4 percent, year-over-year, for a market share of 13.1 percent.
Webcasts
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
13 Nov 2019
YRC Worldwide is keeping its well-known brands separate, but blending its regional and national terminal networks, as well as sales and management.
13 Nov 2019
Yang Ming has managed to cut its losses in the first nine months of the year, but is still some way off delivering a profitable result.
13 Nov 2019
A worsening political situation and escalating protests have forced the cancelation of an important airline gathering in Hong Kong.
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
12 Nov 2019
If AB5 becomes law on Jan. 1, the ability of more than 70,000 truckers in California to provide services as independent owner-operators will be severely compromised, the head of the California Trucking Association warned Tuesday.
12 Nov 2019
The ongoing upgrade of the sole container terminal at the Port of Boston will get a $20 million boost from the US Department of Transportation to help pay for a yard expansion and a new connecting road.
12 Nov 2019
The latest Toepfer Multipurpose Index shows the project and breakbulk sector holding its breath as the effects of IMO 2020 begin to play out.
12 Nov 2019
The Port of Los Angeles anticipates a very soft fourth quarter due to US tariffs on Chinese imports, which a new report said threatens 1.5 million US jobs and more than $186 billion in economic activity.
12 Nov 2019
Two German companies join forces to work in Japan’s developing wind energy sector as the country scales back its dependence on coal and nuclear power in the wake of the 2011 tsunami and Fukushima nuclear power plant disaster.
12 Nov 2019
Evergreen saw its profits slashed in the third quarter, barely managing to stay in the black despite an improvement in revenue.
12 Nov 2019
India’s JNPT, responding to feedback from exporters, has set up a scheduled intermodal rail service to connect export cargo from a key inland container depot in the state of Punjab.
12 Nov 2019
Through a partnership with the software provider BlueX Trade, the Taiwan-based container carrier will allow shippers and non-vessel-operating common carriers (NVOCCs) to book space digitally “within minutes,” the companies said Tuesday.
11 Nov 2019
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
11 Nov 2019
In the heart of what is supposed to be peak season, rail container traffic is not only much slower than a year ago, but also behind 2017 levels as well — and truck seems sluggish, too.
11 Nov 2019
The Indian government shows it is taking a long-term view in implementing regulatory reforms for supply chain logistics by agreeing to modify one controversial proposal.
11 Nov 2019
The man leading the decarbonization charge at Maersk abruptly leaves the company, days before the world’s largest carrier will release its third-quarter earnings.
11 Nov 2019
A shortage of truck drivers in Japan that is causing severe delays in cargo movements will become even more of a problem as next summer’s Olympics in Tokyo approach, stakeholders warn.
11 Nov 2019
Shippers in Bangladesh fear a cut in profit margins following a cyclone that temporarily closed Chittagong port, creating a queue of vessels that will take at least a week to clear.
08 Nov 2019
The International Longshore and Warehouse Union wants a retrial of a case that resulted in a $93 million jury award against the union for damages suffered by container operator ICTSI Oregon Inc., from a union slowdown in the Port of Oregon.
08 Nov 2019
A shift to time-based truckload rates will come, eventually, as electronic logging and detention disputes reshape supply chains, a TIA report finds.
08 Nov 2019
A single insolvency among smaller independent freight payment vendors can lead shippers to retreat to bank-backed service providers.
08 Nov 2019
The spot rate on Asia-North Europe has risen for three consecutive weeks, with expectations that demand could begin to improve later in November as cargo moves ahead of an early Chinese New Year.
08 Nov 2019
Inland container depot movement by train has steadily gained traction over the past three months at India’s JNPT in the wake of a more collaborative rail arrangement sealed between the port and terminal stakeholders.
08 Nov 2019
The shortage of slots for all-cargo flights cost Amsterdam Schiphol airport heavily in the first nine months of the year.
07 Nov 2019
Experts are warning that IMO 2020 could have a costly impact on shippers if they’re not careful about handling new — and potentially confusing — invoice lines related to low-sulfur fuel surcharges they’ll soon have to pay.
07 Nov 2019
JAXPORT received a $20 million grant from the USDOT, which will fund a portion of the $238 million cost of expanding the Blount Island terminal in Jacksonville as part of a long-term plan to drive more traffic and larger containerships to the port.
07 Nov 2019
DHL Forwarding has been trialing a blockchain-based system of producing invoices for one-off non-contractual shipments with its customer Hewlett Packard Enterprise.
07 Nov 2019
Australia’s competition watchdog says terminal infrastructure charges have surged more than 60 percent in the past year, prompting shippers to press for government intervention.
07 Nov 2019
Unless the Los Angeles-Long Beach ports attract more cargo, they could wind up stuck with a hefty bill for the intermodal corridor’s bond debt, a report says.
06 Nov 2019
Carrier G2Ocean says it plans to double the project cargo portion of total revenues by 2023.
06 Nov 2019
The number of speeding violations handed to US truck drivers jumped 7.8 percent in 2018, but speeding has been a problem since long before that. Shippers need to help solve it.
06 Nov 2019
As expected, greater clarity is emerging around the low-sulfur surcharge and how it will apply to shippers in cost-per-container terms as carriers get ready to queue up at the pumps.
06 Nov 2019
A deal between India and Bangladesh is designed to open more inland waterway routes, furthering developing coastal trade.
06 Nov 2019
Carriers that do not have a significant number of their vessels equipped with scrubbers could be at a cost disadvantage as shipping prepares to comply with the IMO 2020 sulfur cap.
- Page 1
- ››
Maritime News
- Container Lines
- Ocean Alliance
- "K" Line
- 2M
- APL
- China Cosco Shipping
- CMA CGM
- COSCO
- Eimskip
- Evergreen Group
- Evergreen Line
- Hamburg Sud
- Hapag-Lloyd
- Hyundai Merchant Marine
- Maersk Line
- Kawasaki Kisen Kaisha
- Maersk Line Limited
- Matson
- Mediterranean Shipping Co.
- NYK Line
- THE Alliance
- OOCL (Orient Overseas Container Line) | News
- Orient Overseas Container Line
- Pacific International Lines
- SeaLand
- U.S. Lines
- Wan Hai
- Yang Ming Line
- Zim Integrated Shipping Services
- Trade Lanes
- Short-Sea Shipping
- Maritime Piracy
- International Freight Shipping
- Ships & Shipbuilding
- Labor
