The companies have entered into a collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 in Hong Kong.
Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades.
Special Coverage: Examining Maersk’s plan to acquire Hamburg Süd
The Danish ocean carrier’s acquisition of Hamburg Süd from the Oetker Group would expand its market share in Latin America and Oceania trades.
Commerce sets duties for Chinese washing machines
The U.S. Commerce Department’s International Trade Administration said Whirlpool Corporation (MI) was the petitioner for the investigation on the dumping of large residential washing machines into the U.S. market.
SCFI inches up 3.4%
The Shanghai Containerized Freight Index increased 3.4 percent since last Friday to a reading of 824.39, largely driven by significantly higher rates from Shanghai to the United States.
Port of Los Angeles wins clean terminal equipment grant
The $800,000 grant, awarded by the U.S. Environmental Protection Agency, will pay between 25 and 40 percent of the cost to replace and upgrade 18 pieces of yard equipment at two of the port’s container terminals.
International Chamber of Shipping slams EU emissions trading plan
The International Chamber of Shipping said emissions trading is not appropriate for international shipping and is mostly comprised of small-and-medium-sized enterprises that typically operate with less than 10 ships.
OOIDA asks court to rehear ELD mandate suit
The Owner-Operator Independent Drivers Association has asked the U.S. Court of Appeals for the Seventh Circuit in Chicago to reconsider its ruling in favor of a proposed FMCSA rule to require the use of electronic logging devices on all commercial trucks.
Danaos records $8.4m loss in Q3
The Athens-based containership owner and chartering company’s earnings were hindered by Hanjin filing for bankruptcy at the end of August and the charter restructuring agreement it entered into with Hyundai Merchant Marine in July.
Truckload rates continue to fall in November
Truckload pricing dipped another 1.5 percent for the month compared to November 2015, the ninth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.