Commissioner Rebecca Dye has launched the first phase of her investigation into port demurrage, detention, and free time practices by ordering ocean common carriers to provide information and documents explaining those practices. A similar effort with …
MEMORANDUM New Chinese Tariff Went Into Effect Today
Making good on its warnings during the last few weeks and in retaliation for the U.S. tariffs placed on steel and aluminum, China has placed new tariffs on 128 products bought from the U.S. According to a statement by the Chinese finance ministry, the new tariffs went into effect…
NEWS FLASH: FMC seeks details of carrier, terminal demurrage practices
The U.S. maritime regulator asked container carriers and marine terminals to provide detailed information about their port demurrage, detention and free-time practices as part of its investigation announced last month.
Virginia Maritime Association names David White EVP
David C. White, vice president of the Virginia Maritime Association (VMA), who has produced the VMA’s International Trade Symposium for 15 years, has been named executive vice president of the VMA, succeeding Arthur W. Moye.
Japanese carriers inject $3b into ONE
NYK, MOL and “K” Line, which make up the Ocean Network Express, completed an aggregate investment of $3 billion into the container shipping joint venture, which commenced operations on Sunday.
Trump threatens to end NAFTA if Mexico doesn’t help on immigration
President Trump suggested Mexico must do more to stop illegal immigration into the United States in order for the North American Free Trade Agreement to be maintained.
Macquarie commits $130m for container staging hub in L.A.
The proposed Harbor Performance Enhancement Center on Terminal Island at the Port of Los Angeles is designed to speed the flow of containers.
Port Houston unveils new investments
The Texas port also posted a 7 percent year-over-year boost in cargo tonnage for the first two months of 2018.
Drewry: Transatlantic container rates bucking downward trend
Rates between Asia and the United States, Europe and the Mediterranean all declined considerably last week compared with the same period a year ago, but rates from Europe to the U.S. East Coast soared 16 percent year-over-year.
Shippers’ Law: Damaged entirely or in part?
U.S. courts wrestle over whether the Montreal Convention’s liability provisions apply to air cargo damaged while in a warehouse near the Miami airport.