American Shipper is gathering feedback from shippers, carriers, and others to better understand perspectives on how well the Federal Maritime Commission is doing as chief U.S. regulator of the shipping industry.
Freight Rate Roundup: Maersk, MSC, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, MSC, CMA CGM and Hapag-Lloyd announced new freight rates.
Nikola unveils hydrogen-electric Class 8 truck
The Salt Lake City, Utah-based automobile motor manufacturer plans to have its Nikola One truck, a zero-emissions electric drivetrain powered by high-density lithium batteries, in production by 2020, the company said in a statement.
Drewry: Idle containership fleet size has soared
The shipping research and consulting firm attributed the year-over-year increase in idled containership capacity in November to Hanjin’s bankruptcy, and the Panama Canal’s new locks, which made smaller containerships less attractive.
Executive Moves: MPA, B&H Worldwide and ICAO
Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, and ICAO names new president of its Air Navigation Commission.
DP World partners with CDPQ to create $3.7b investment fund
The Dubai-based operator will own 55 percent of a new vehicle targeting port and terminal investment opportunities outside of the United Arab Emirates, while Canadian pension fund Caisse de dépôt et placement du Québec will hold the other 45 percent.
CBP depends on international engagement to manage trade, Kerlikowske says
In what possibly could be his last major address before leaving office, Commissioner Gil Kerlikowske outlined Customs and Border Protection’s top accomplishments on trade during his tenure.
U.S. Coast Guard approves ballast water treatment system
The Coast Guard Marine Safety Center issued the certificate to Optimarin after its application for U.S. type approval was reviewed and determined to meet its requirements.
BCG: Oversupply of containership capacity could worsen
The container supply-and-demand balance stood at 7 percent at the end of 2015, and could grow to between 8.2 percent and 13.8 percent in 2020, the Boston Consulting Group said.
Special Coverage: A blockchain-backed bill of lading
The success of a blockchain, which is essentially a specific type of database where time-stamped and authenticated digital records are compiled, is based on two foundational concepts: data immutability and the distributed nature of how data is assembled.