While Asian-U.S. imports and exports are due to rise in 2017, an overcapacity of containerships will continue to create problems for the ocean freight industry this year.
April 10, 2017Business
World’s Largest Container Line Hit By Global Cyber Attack
Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.
June 28, 2017TCA
Samsung Builds World's Largest Containership
South Korea’s Samsung Heavy Industries set a new world record by completing the world’s largest containership, SHI and customer Mitsui OSK Lines said.
March 28, 2017GovernmentBusiness
Sen. John Thune Seeks FMC Examination of SOLAS Amendments
The chairman of the Senate Commerce Committee has asked the Federal Maritime Commission to examine a controversial requirement that shippers weigh and certify the precise weight of every container loaded onto an ocean vessel.
May 23, 2016BusinessLogistics
Ocean Carriers, Six Ports Reach Deal on Container Weight Procedures
Container carriers that belong to the Ocean Carrier Equipment Management Association trade group and six ports have announced the first united approach to meeting new international freight weight requirements that take effect July 1.
May 20, 2016BusinessLogistics
Container Shipping Firms' Costs Soar on New Fuel Rules, New Report Shows
COPENHAGEN — Container shipping firms' annual costs have risen by a total $500 million due to new sulfur emissions regulations that have forced vessels to use higher-cost fuel, the Organization for Economic Co-operation and Development said in a May 19 report.
May 19, 2016Business
Groups Fear New Container Rules Could Create Supply Chain Havoc
Truckers and shipper groups said they fear that a lack of awareness about new mandatory international container weighing rules could create havoc in the supply chain when they take effect July 1.
January 4, 2016BusinessLogistics
Top Container-Leasing Firms Agree to Merge
Triton Container International and TAL International Group have agreed to a merger, creating the world’s largest lessor of intermodal shipping containers with a combined fleet of nearly 5 million 20-foot equivalent units and revenue earning assets of $8.7 billion.
November 17, 2015BusinessLogistics
Developers Converting Shipping Containers Into Structures for Business, Residential Use
There is nothing glamorous about shipping containers. Their existence generally is one of sheer duty, hauling cargo from one point to another.
August 31, 2015Business
Container Traffic Sets Record at Port of Long Beach, Declines in L.A.
Container traffic at the Port of Long Beach, California, rose to the highest level on record in July but declined at the nearby Port of Los Angeles.
August 17, 2015