Meanwhile, the Agriculture Transportation Coalition is asking the Federal Maritime Commission to step forward and discourage carriers and terminals from imposing fees for verified gross mass compliance in the United States.
SCFI surges on major trades
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index surged 36.7 percent since last week’s reading to a reading of 752.65, with rates on the Shanghai to Northwest Europe trade jumping 77.4 percent to $1,206 per TEU.
APMT to acquire full ownership of terminal in Aarhus
The container terminal operator reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40 percent of the existing APM Terminals-Aarhus terminal.
Executive Moves: Mallory Alexander and Coastal Cargo
Mallory Alexander appoints VP of global business development, while Coastal Cargo Co. names VP of sales.
Hutchison UK subsidiary offers matchback exchange program
PARIS Optimal Transport Planning, a technology division of Hutchinson Ports (UK), created Boxreload, a platform allowing trucking companies and third parties in the U.K. to post loads online, which can only be viewed by “pre-selected and trusted partners.”
3PLs say they are ready to handle VGM filings for shippers
Some logistics providers remain skeptical about how well it will work for ports to weigh containers and transmit the data to carriers on behalf of shippers.
Seaspan acquires two 11,000-TEU newbuilding vessels
The independent containership owner and manager purchased the vessels for $195.6 million.
Governmental Notices June 25 – July , 2016
Attached is an update of governmental notices that may be of interest to our members and the trade, including a Notice that as of July 23, 2016 trade parties will be required to submit electronic entries and entry summaries for additional entry types to Automated Commercial Environment (ACE). Electronic entries…
BELK INC. CEO TIM BELK TO RETIRE, LISA HARPER STEPS IN AS FIRST NON-FAMILY MEMBER CEO
Belk Inc. CEO Tim Belk is retiring from his family’s 128-year old namesake department store brand, effective July 5. Set to replace him is former Hot Topic CEO Lisa Harper, the first non-family member to take the helm in its entire history. Belk joined the company in 1981 and has …
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LIMA STUDY SHOWS THAT GLOBAL SALES OF LICENSED GOODS INCREASED BY 4.2%
According to the second annual LIMA survey, the International Licensing Industry Merchandisers’ Association, retail sales of licensed products are up 4.2%, growing to $251.7 billion in 2015. The survey also tells us that online sales were responsible for 18.3% of their business. As a whole the retail market characterized by …
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