Hanjin Shipping Co., one of the world’s largest shipping lines, has filed for court receivership in South Korea, as of Wednesday (1st of September).
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At the Federal Maritime Commission hearing on February 18th, 2016 in Washington, D.C., United States Coast Guard officials made clear that shippers should not expect delays to SOLAS container weight regulation scheduled to take place on July 01st, 2016. They confirmed that the shipping industry will have to comply with International Maritime Organization verified gross mass requirements going into effect at the beginning of July.
This July was the busiest for the Port of Oakland in last ten years. The port handled 223,619 TEUs, the most since it lifted 227,996 TEUs in 2006. The port’s total container volume jumped 8.8 percent from July of 2015.
“The numbers are encouraging and with holiday shipments set to commence, this could be the start of something good,” John Driscoll, Port of Oakland’s Maritime Director, said. According to the port authority, export volume, up 3.6 percent, increased for the sixth time in seven months.
The Port of Virginia plans to extend its gate hours at Virginia International Gateway (VIG) from August 15 until the week ending November 4, 2016, due to the increased seasonal cargo volumes expected to arrive over the next few months. Gate hours at VIG will be extended on Monday and Tuesday each week, until 11:00 p.m. (inbound portal closure at 10:00 p.m.), the port authority said.
Extended hours at the Pinners Point Container Yard (PPCY) will be regularly evaluated and offered on an as-needed basis. Gate hours at all other Port of Virginia terminals will remain unchanged.
On February 22nd, the Taiwanese Council of Agriculture posted a notice on announcing that avian influenza restrictions no longer apply to poultry and egg imports from 14 U.S. states, effective immediately.
Per the QC Ministry of Transportation, the dates for this year’s Quebec Thaw Season are as follows:
Following a worrying debacle where the U.S.
CMA-CGM, a global leader in container shipping based in Marseille, France, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), a Southeast Asia container shipping cmpany. This is considered a strategic acquisition resulting in a combined turnover of USD 22 billion and a fleet size of 563 vessels. CMA-CGM will establish its regional head office in Singapore, which will reinforce Singapore's leadership position in the shipping industry.
The U.S. Commerce Department reported Friday that exports in October dropped to the lowest level in more than four years. Lasting effects from the congestion on the West Coast continue to show as ports see a slight decline in export volumes, while the East Coast ports reported strong gains. West Coasts ports are still attempting to recover from the huge losses they incurred earlier in the year when work slowdowns and contract negotiations took place.