The International Cargo Handling Coordination Association reminded shippers and forwarders that the container weighing rule will go into effect Friday, with no three-month grace period as some have mistakenly understood.
The shipment management software provider officially launched its verified gross mass submission tool, which allows shippers and freight forwarders to use a centralized point to provide the verified container weight data to their carriers.
A.P. Moller-Maersk Group’s oil unit lost a bid for the renewal of its 25-year involvement in the Al Shaheen offshore field when the current agreement expires in July 2017.
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A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity and low freight rates.
A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has "strategic value," and talks will continue, the ocean carrier said in a statement.
Taiwanese ocean carrier Yang Ming Transport Corp. named former Evergreen Line executive Bronson Hsieh as its new chairman.