August 2, 2017/
Once the $6.3bn agreement to buy OOCL is approved, Cosco will become the third largest container line in the world. The agreement, announced July 9th, is the latest in a string of consolidations that will see 75% of all...
Once the $6.3bn agreement to buy OOCL is approved, Cosco will become the third largest container line in the world. The agreement, announced July 9th, is the latest in a string of consolidations that will see 75% of all...
According to an article in the Wall Street Journal, the US Justice Department raid on the Box Club meeting in late March was due to suspected collusion against tug boat operators by global shipping alliances. The increased attention on...
In a combined effort to encourage cooperation, communication, and efficiency in regards to operations, safety and customer service, Georgia Ports Authority and the Virginia Port Authority filed a request with the Federal Maritime Commission to create the East Coast...
In an eventful week, the Port of Norfolk has seized $85,000 in stolen auto parts bound for Jordan and $150,000 in counterfeit Disney and Nickelodeon Apparel headed to California from Egypt. Because of a random export check, CBP officers...
Hanjin has filed for Chapter 15 bankruptcy protection in US courts this week after creditors pulled back any funding at the beginning of the month. Chapter 15 gives a foreign company the benefits of U.S. bankruptcy law, including protections...
In order to prepare for the Olympic Games, more than 6,000 containers, holding almost 30 million items needed to arrive in Rio de Janeiro, Brazil. Among the three categories of cargo bound for the games (event equipment, technology, and...
Only weeks since the Panama Canal expansion was completed and ships again started passing through the legendary waterway. Before the historic reopening, 100 neo-Panamax vessels had reservations for commercial transit through the locks, which are wider than the old...
As SOLAS took effect on July 1st, ports around the country are moving together with shippers and exporters to create a steady and efficient process to alleviate any growing pains from the rules. According to the JOC, “U.S. maritime...
This past week a group of 19 container lines stated that ocean export customers will not be held legally liable for any inaccuracies regarding the container tare weights in a VGM. Under the SOLAS laws, in effect July 1st,...
In many cases, as a forwarder, agent, or NVOCC, the shipper of record on an FCL shipment is not the loading party of the container. Containers are loaded, braced, and sealed away from the location of the forwarder, who...
