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OOIL revenues rise nearly 24% in Q2 2017

Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.41 billion for the second quarter of 2017, up 23.8 percent from the corresponding 2016 period.

Shipping NewsPosted on: July 28, 2017

NAFTA trade totals $98.2b in May

Total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 9.4 percent year-over-year in May to $98.2 billion.

Shipping NewsPosted on: July 28, 2017

CIO Insight: Who’s on first?

Like a baseball pitcher protecting a no-hitter, a single mistake on the part of a trade compliance professional can undo years of letter-perfect compliance.

Shipping NewsPosted on: July 28, 2017

SCFI jumps 10.5%

Since last week, rates from Shanghai to the U.S. West Coast have surged 37.6 percent, from $1,226 per FEU to $1,687 per FEU.

Shipping NewsPosted on: July 28, 2017

HMM denies reports of $9b growth funding request

Media reports earlier this week said that South Korea’s Hyundai Merchant Marine, the world’s 15th largest container line in terms of vessel capacity, is asking for $8.9 billion in funding from state backed Korea Development Bank through 2022.

Shipping NewsPosted on: July 28, 2017

Port of Seattle launches search for new executive director

The Pacific Northwest seaport is now officially looking to fill the role that became vacant when former CEO Ted Fick suddenly resigned in February after less than two-and-a-half years on the job.

Shipping NewsPosted on: July 28, 2017

Airlines to fight EC cartel fines

The 11 airlines that were fined a total of $908 million in March for price fixing cartel operations are looking to appeal the European Commission’s decision, citing an unfair defense.

Shipping NewsPosted on: July 28, 2017

Port of Baltimore passes 1 million ton mark in May

The mid-Atlantic port handled 1,007,704 tons of general cargo at its public marine terminals, as well as 86,403 TEUs, for the month, setting new records for both sectors.

Shipping NewsPosted on: July 28, 2017

Diana Shipping vessel runs aground in Indonesia

Bulk carrier Diana Shipping has declined to provide many details regarding the incident, including how much damage the vessel sustained and how long it could be out of service.

Shipping NewsPosted on: July 28, 2017

Manhattan Associates earnings steady in Q2 2017

The software and supply chain solutions company posted a strong second quarter for license revenue, according to CEO Eddie Chapel.

Shipping NewsPosted on: July 28, 2017

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  • Gemini Shippers joins coalition seeking suspension of detention and demurrage charges
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  • ONE reports $192 million loss in second quarter
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  • ITC weighs testimony in aluminum AD/CVD case
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Fashion Accessories Shippers Association

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info@fasa.nyc
212-947-3424