Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
SSA Marine's Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
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The world's second largest ocean carrier will use software provider INTTRA's eVGM solution to provide a portal for submission of verified container weight data ahead of the International Maritime Organization's July 1 deadline.
House lawmakers brushed aside calls at a hearing to slow implementation of the Verified Gross Mass rule, while other shippers said compliance should be straightforward.
The project will enable third-party logistics provider SEKO to expedite the availability of rates, improve their accuracy since prices are coming directly from UASC in CargoSphere’s cloud-based platform, and reduce staff hours in the process.