William Dudley, president of the Federal Reserve Bank of New York, raised questions about the unintended consequences of a House Republican proposal that would significantly hike taxes on imports.
The cloud-based rate management software provider launched a new upload platform to give forwarders and shippers access to real-time carrier rate and surcharge changes.
A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
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Harold J. Daggett, president of the International Longshoremen’s Association, said the union will oppose fully-automated container terminals in upcoming contract talks with the United States Maritime Alliance.
The contract freight rate benchmarking company warned, however, that stability will be hard to come by, and if just one or two carriers begin to drop rates and chase market share again, prices will likely fall across the board.
Mediterranean Shipping Co.’s 13,092-TEU containership MSC Regulus collided with the Ecuadorian fishing vessel Don Gerardo II early Saturday morning, reportedly killing at least five people and injuring a dozen more.