Coast Guard: No Delay Container Weight Rule BUT No Penalties for Shippers From Wall Street Journal: Shippers that fail to properly weigh containers won’t face fines or other charges under a new rule, though they may find their goods left on the docks. U.S. shippers that fail to properly weigh containers won’t face fines or other penalties under a new rule passed by an … [Read more...]
Panama Canal Expansion To Be Completed in 2016
Panama Canal Expansion To Be Completed in 2016 The Panama Canal expansion project, also called the 'Third Set of Locks Project', is intended to double the capacity of the Panama Canal by 2016 by creating a new lane of traffic doubling the waterway capacity and allowing more and larger ships, the size, which are about one and a half times the current maximum width and length … [Read more...]
NEW CONTAINER WEIGHING REGULATIONS – Coming in 2016!
NEW CONTAINER WEIGHING REGULATIONS - Coming in 2016! There are new container weighing regulations due to take effect globally on 1 July 2016. The amendments to the SOLAS (Safety of Life at Sea) Convention require packed shipping containers to have a verified gross mass (VGM) before they can be loaded on a ship for export. The amendments were adopted by the IMO … [Read more...]
Trans-Pacific Trade and the Era of Mega-ships
Trans-Pacific Trade and the Era of Mega-ships The new CMA CGM ship the Benjamin Franklin will be the largest vessel to arrive at the Port of Los Angeles on December 26th. It has 17,859 20-foot-equivalent unit capacity. The Benjamin Franklin will be handled at APM Terminals Pier 400 in Los Angeles. This port (as well as the Ports America Outer Harbour Terminal in Oakland) … [Read more...]
West Coast: Congestion felt through 2nd Quarter
West Coast: Congestion felt through 2nd Quarter Retailers were impacted by the West Coast contract negotiations that resulted in a later start to the spring season. This will cost the U.S. retailers an estimated $7 billion this year. From JOC: Many major retailers say they've had to cutback calendars and build up inventories well in advance in the second quarter, or … [Read more...]