The S.C. Ports Authority has spelled out how it will use on-terminal scales to help shippers comply with new SOLAS rules for declaring the accurate weight of containers to their ocean carrier.
U.S. meat exports in Q1 rise in volume, sink in value
For U.S. meat exports during the first quarter of 2016, Japan was the leading market for beef export volumes and value, along with pork export value, while Mexico was the leading market for pork export volumes.
Matson CEO: Global container shipping in a ‘nasty down cycle’
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.
IATA: Airfreight demand remains weak in March
Air cargo volumes have been hindered by sluggish global trade growth and the falling load factor is continuing to keep intense pressure on freight yields and revenues, according to the International Air Transport Association.
SCFI falls back after last week’s jump
The Shanghai Containerized Freight Index fell 4 percent from last week to a reading of 579.60, with rates on the Shanghai to North Europe trade dropping 13.1 percent after a May 1 Asia-North Europe general rate increase eroded.
Port of Oakland exports grow for fourth straight month
Export volumes at the Northern California port jumped 7 percent in April 2016 compared with the same month a year ago thanks in part to a weaker dollar making U.S. goods more affordable overseas.
International Shipholding reports $8.5m loss in Q1
The Jones Act and special cargo carrier reduced debt by $42.7 million in quarter, and improved results in its Jones Act operations, according to the company’s most recent financial statements.
Commerce finds dumping of Indian pipe imports
The Commerce Department said it’s found sufficient evidence to preliminary determine that welded stainless pressure pipe imported from India is being dumped on the U.S. market.
Prime Distribution Services opens new Indiana facility
The Roadrunner Transportation Systems’ subsidiary will open a new facility in Plainfield, Ind. next week, featuring 300,000 square feet of warehousing space.
Port of Tilbury gains new temperature-controlled facility
United Kingdom-based chilled food distribution solutions provider NFT opened the largest temperature-controlled quayside distribution hub in Europe at the Port of Tilbury.