Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and UASC will benefit the container industry.
NYK pleads guilty in criminal cartel case
The Japanese ocean carrier pleaded guilty to criminal cartel conduct in Australia’s federal court in relation to the transportation of vehicles to Australia between July 2009 and September 2012.
Railroads, labor groups remain split over proposed two-person crew rule
Industry groups have railed against the Federal Railroad Administration’s recent attempts to mandate two-person crews on all freight trains, but unions continue to argue that operating trains with a single crew person is fundamentally unsafe.
Port of Hong Kong box volumes continue to fall in June
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 percent, respectively, according to recent data from the port.
Port of Boston handles its largest containership ever
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past weekend, the 8,532-TEU Xin Mei Zhou.
Hapag-Lloyd, UASC finalize merger agreement
The deal will see Qatar Holding and The Public Investment Fund of the Kingdom of Saudi Arabia, majority shareholders of UASC, take 14 percent and 10 percent shares of the combined company, respectively.
GRI Roundup: Maersk Line, CMA CGM and MOL
Ocean carriers Maersk Line, CMA CGM and MOL issued general rate increases.
Commentary: Optimization crucial in collaborative transportation procurement
Chainalytics Vice President of Transportation Kevin Zweier explained that collaborative transportation is a useful strategy, provided shippers put in the homework before and after bid events.
Report: DOJ to conduct internal investigation into failed FedEx drug case
The U.S. Department of Justice is launching a rare internal review of what went wrong in its failed pursuit of a case in which it charged the parcel giant with conspiring to deliver illegal drugs, according to a report from Reuters news service.
Drewry: Containership scrapping will double this year
About 450,000 TEUs of capacity is expected to be scrapped in 2016, which would be double the amount scrapped in 2015, according to the London-based shipping consultant Drewry.