The S.C. Ports Authority has spelled out how it will use on-terminal scales to help shippers comply with new SOLAS rules for declaring the accurate weight of containers to their ocean carrier.
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.
Air cargo volumes have been hindered by sluggish global trade growth and the falling load factor is continuing to keep intense pressure on freight yields and revenues, according to the International Air Transport Association.
Registration takes less than 1 minute.
NYK's Bill Ferguson told the Critical Commodities Conference this week that carriers must refuse loading to a container without Verified Gross Mass data submitted or risk insurance issues.
Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another port.
Rates from Shanghai to Northwest Europe and the Mediterranean declined 6.9 percent and 6.6 percent, respectively, since last week, however various ocean carriers plan to increase rates from Asia to North Europe and the Mediterranean May 1.