The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a report from the Associated Press.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.
The nationwide lease-to-own retailer started using Cloud Logistics' transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster tendering.
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The terminal operator has joined a group of Nova Scotia business leaders and investment company Cyrus Capital Partners L.P. in plans to build 315-acre marine container terminal on the Strait of Canso.
The massive $5.3 billion project comes with “considerable safety concerns,” which could lead to accidents and delays for shippers and higher claims for insurers, according to a new report from the London-based risk management consultancy.
Ocean carrier MSC will end its IPAK to join the EPIC 1 with CMA CGM and UASC as a vessel operator, while Hapag-Lloyd and Hamburg Sud’s ELIP service will morph into the EPIC 2, which will then be operated by CMA CGM, Hapag-Lloyd and Hamburg Sud.