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Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.
May - 2016 -
09 May
Chris Dupin

NEWS FLASH: Maersk containership catches fire after colliding with another vessel

The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance’s new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was […]

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06 May
Chris Dupin

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 […]

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Chris Dupin

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. […]

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Chris Dupin

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.

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Chris Dupin

Maersk Line CEO expects business to pick up later this year

Søren Skou, chief executive officer of the world’s largest container carrier, predicts the industry will see upward price momentum in the second quarter this year ahead of the traditional peak […]

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05 May
Chris Dupin

Matson Q1 profits shrink 27.6% on weak demand for Chinese cargo

The Jones Act carrier saw volumes on its single eastbound transpacific string from China drop 18.1 percent in the first quarter 2016 compared with the same 2015 period.

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04 May
Chris Dupin

Maersk Group profits plunge 83.5% in first quarter 2016

Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.

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Chris Dupin

Port of Oakland extends nighttime operations

SSA Marine’s Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week […]

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Chris Dupin

California releases sustainable freight action plan

The state wants to deploy 100,000 zero emission freight vehicles, as well as maximize zero and near-zero equipment and equipment powered by renewable energy for cargo operations by 2030.

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03 May
Chris Dupin

FMC Chairman backs USCG position on container weight regulations

The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization’s verified gross mass requirement “seems to allow for more flexibility,” says Federal Maritime Commission Chairman Mario Cordero.

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Chris Dupin

Four operators to compete to build terminal adjacent to Panama Canal

Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), […]

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02 May
Chris Dupin

China COSCO vessel will be first to transit expanded Panama Canal

More than 100 neopanamax ships have already made reservations to transit the waterway’s new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.

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Chris Dupin

Hermann Yu, president of Yang Ming, dies at 59

Yu joined the Taiwanese shipping company in 1984 and became president in 2013.

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Chris Dupin

China COSCO posts $692m loss in Q1 2016

China COSCO Holdings Co. Ltd., which now includes the combined operations of China Shipping Container Lines Co., reported losses in both its container shipping and dry bulk operations during the […]

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Apr - 2016 -
29 April
Chris Dupin

NEWS FLASH: China COSCO ship will be first to transit expanded Panama Canal

More than 100 neopanamax ships have already made reservations to transit the waterway’s new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.

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Chris Dupin

European Commission approves CMA CGM’s $2.4b purchase of NOL/APL

The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA […]

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Chris Dupin

USCG outlines methods for VGM compliance

Scales currently used to comply with federal and state laws are acceptable for complying with the new International Maritime Organization container weight regulations due to go into effect July 1, […]

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Chris Dupin

Union group, Panama Canal clash over safety study

The International Transport Workers Federation is claiming that a new study raises questions about the safety of navigation in the Central American waterway, while the Panama Canal Authority says the […]

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Chris Dupin

Banks to decide on Hanjin restructuring next week

Korea Development Bank met Friday with the Export-Import Bank of Korea, Nonghyup, KB Kookmin, KEB Hana, Woori and Pusan Bank, and agreed to make a decision regarding the future of […]

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Chris Dupin

NEWS FLASH: European Commission okays CMA CGM purchase of NOL/APL

The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA […]

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28 April
Chris Dupin

Staying nimble

North America now accounts for half of ZIM’s container-shipping business.

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Chris Dupin

Ocean Transport: Hapag-Lloyd CEO sees beyond gloom

   Approaching two years as chief executive officer of Hapag-Lloyd, Rolf Habben Jansen has expressed satisfaction with the German carrier’s 2015 results and  sees some encouraging signs on the horizon.    Last year […]

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Chris Dupin

Shippers’ Law: Left flat by abandoned tires

   Abandoned cargo can be a problem for carriers, intermediaries, and other businesses. Two lawsuits from last year revolving around abandoned containers filledwith used tires were discussed by Vincent M. DeOrchis, […]

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Chris Dupin

Japanese carriers report losses in container operations for 2015-16

Overall revenues for NYK, MOL and “K” Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.

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Chris Dupin

California bill aims to help marine terminal operators reduce emissions

Legislation introduced into the California State Senate by Sen. Ricardo Lara would provide an exemption from sales and use tax for terminal operators purchasing zero or “near zero-emission” equipment.

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Chris Dupin

NTSB: Specialized equipment needed to recover El Faro’s ‘black box’

Recovery of the ill-fated TOTE Maritime general cargo ship’s voyage data recorder under 15,000 feet of water presents a “formidable challenge,” but National Transportation Safety Board investigators hope to complete […]

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27 April
Chris Dupin

NTSB locates El Faro’s ‘black box’

The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, […]

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Chris Dupin

Panama Canal to select first neopanamax ship for transit this Friday

The canal authority will conduct a lottery on Friday to select which of its top 15 customers will be in the spotlight with the historic first passage through the Central […]

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Chris Dupin

Pasha to import cars through San Francisco

Pier 80 in San Francisco, Calif. could handle up to 150,000 automobiles annually as well as other sorts of roll-on/roll-off and breakbulk cargo, the ocean carrier said in a recent […]

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Chris Dupin

Carriers look to tamp down shipper concern over certifying container tare weights

Federal Maritime Commissioner William P. Doyle praised the statement from ocean carrier group OCEMA, but noted officials “still need to address an important liability issue for the shippers” in order […]

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26 April
Chris Dupin

NEWS FLASH: El Faro ‘black box’ found

The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, […]

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Chris Dupin

Court rules ocean carriers, NVOCCs can extend maritime liens

The 3rd Circuit U.S. Court of Appeals decision, which relies on a 1866 Supreme Court opinion, is being heralded as a victory for ocean carriers.

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Chris Dupin

14-year-old post-panamax containership sold for scrap

The sale of a relatively young 5,447-TEU post-panamax vessel “does not appear to be a one-off event,” according to the mapping, ship search and valuation service VesselsValue.

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25 April
Chris Dupin

Drewry: Carriers not part of 2M, proposed OCEAN Alliance will need to cooperate in order to compete

Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM’s purchase of APL parent Neptune Orient Lines for this Friday, April 29.

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22 April
Chris Dupin

Hamburg Süd’s revenues surge 16.8% in 2015

The ocean carrier posted revenues of $6.1 billion for 2015, a 16.8 percent increase compared to 2014.

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Chris Dupin

G6 Alliance will begin using neopanamax ships

The ocean carrier alliance will deploy 10,000-TEU vessels on its new NYX loop between Asia and the U.S. East Coast.

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Chris Dupin

OOCL sees Q1 revenues tumble 17.1%

The Japanese ocean carrier saw revenues fall 17.1 percent year-over-year in the first quarter of 2016 to $1.1 billion.

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21 April
Chris Dupin

European logistics groups want ‘level playing field’ when enforcing SOLAS

Absence of balanced SOLAS enforcement will lead to competition distortion and significant interruption to supply chains, European logistics organizations warn.

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Chris Dupin

Food producer says SOLAS rule ‘most urgent issue’ for shippers

Agriculture shippers ask Senate for help with overcoming “significant challenges” in ocean shipping that could hurt the American economy.

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Chris Dupin

OCEAN Alliance representatives meet with FMC

Federal Maritime Commission Mario Cordero said Wednesday the agency has not yet received a formal filing by the container carriers that plan to establish the new OCEAN Alliance.

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Chris Dupin

CMA CGM postpones deployment of 18,000-TEU ships in transpacific

The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United […]

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Chris Dupin

Hapag-Lloyd, UASC in merger talks

German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.

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Chris Dupin

NEWS FLASH: Hapag-Lloyd, UASC in merger talks

German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.

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20 April
Chris Dupin

NEWS FLASH: Container carriers unveil plans for new “OCEAN Alliance”

Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.

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Chris Dupin

Container carriers unveil plans for new “OCEAN Alliance”

Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.

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Chris Dupin

Panama Canal taking reservations for neopanamax ships

The Panama Canal Authority began taking reservations for larger ships that will be able to transit through the Panama Canal once the new, larger locks open for regular business June […]

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Chris Dupin

New York cargo assessment reduced

The New York Shipping Association’s reduced assessment will apply to about 60 percent of import containers that move to within 260 miles of the port.

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19 April
Chris Dupin

ZIM to offer new string between Asia and U.S. East Coast

ZIM Pacific Atlantic Service (ZPA) will start in early May and offer connections from the U.S. East Coast to South Korea and China.

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Chris Dupin

MarAd awards grants to small shipyards

Nine shipyards will share $4.9 million from the U.S. Maritime Administration for modernization projects aimed at making them more globally competitive.

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Chris Dupin

Panalpina expands LCL offerings

The freight forwarding and logistics company launched two new less-than-container-load services.

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Chris Dupin

Bahri posts 54% surge in net profits

The National Shipping Company of Saudi Arabia, Bahri, saw net profits skyrocket 54 percent year-over-year in the first quarter of 2015 to 612 million Saudi riyal.

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18 April
Chris Dupin

FMC needs formal complaint to examine detention and demurrage fees

One year after ports were snarled during ILWU contract negotiations, FMC has yet to receive complaint or petition.

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Chris Dupin

Search for El Faro’s “black box” resumes today

A research ship will search waters off the coast of the Bahamas for a second time in an attempt to locate the voyage data recorder from the vessel, which may […]

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Chris Dupin

Maher Terminals prepares for ownership change

Macquarie, which already owns several container terminals in the U.S. and Canada, will now own the largest container terminal at the Port of New York and New Jersey.

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15 April
Chris Dupin

U.S. shipping groups ask Congress to protect Jones Act

Meanwhile, Rep. Mark Sanford, R.-S.C. asked why commercial ships in domestic trade must be built in U.S. when 30 of 46 ships in Ready Reserve Fleet are foreign built.

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Chris Dupin

Shipping losses hit a decade low

Allianz cautions shipowners not to skimp on maintenance and pay special attention when laying up ships.

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Chris Dupin

Northwest Seaport Alliance praises effort to fund ‘donor ports’

Senate committee approves $25 million for ports that traditionally have received little money from the Harbor Maintenance Tax.

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Chris Dupin

Long Beach container volumes climbing in early 2016

March volumes this year were lower at the Port of Long Beach, but the first quarter was the best since 2007.

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Chris Dupin

Former MM&P president Tim Brown dead at 73

Shipboard union leader is remembered as bringing “stability and respect” to the Masters, Mates and Pilots organization.

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14 April
Chris Dupin

APM Terminals sees need for port ‘shake-up’

The container terminal industry is facing challenges that include slowing global trade, larger ships, liner industry consolidation and extreme cost pressure, according to Kim Fejfer, chief executive officer of APM […]

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Chris Dupin

Cuba likely to determine pace of U.S. trade, tourism

Crowley Maritime, a pioneer in a trade that is still restricted under laws such as the Helms-Burton Act and Trading with the Enemy Act, has actually seen volumes fall in […]

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13 April
Chris Dupin

OOCL’s LBCT handles first ship at new automated facility

The first phase of the “Middle Harbor Project,” due to go into operation this year, will add about 10 percent more container capacity to the nation’s second largest container port […]

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Chris Dupin

Oakland terminals will not weigh containers for SOLAS VGM compliance

Meanwhile, Ed DeNike, president of SSA Containers, says truckers picking up import boxes at the Oakland International Container Terminal will need an appointment.

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12 April
Chris Dupin

Drewry: Contract rates for containerized cargo continue to fall

With freight rates already 20 percent lower than in 2015, the London-based shipping consultant is predicting prices will continue to slide in the second quarter of 2016.

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Chris Dupin

IMO adopts mandatory requirements for electronic information exchange

An annex to the International Maritime Organization’s Convention on Facilitation of International Maritime Traffic aims to harmonize procedures for ship’s arrival, stay and departure from port.

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Chris Dupin

Long Beach eyeing short-haul rail to move cargo off docks

The deployment of megaships, road congestion, and a decline in rail cargoes such as coal and crude oil are some of the reasons the Port of Long Beach is taking […]

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11 April
Chris Dupin

Port of New York/New Jersey to conduct comprehensive review

The Port Authority of New York and New Jersey has issued a request for proposals to develop a long range plan to guide future growth and development of the port’s […]

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Chris Dupin

Northwest Seaport Alliance approves Husky Terminal renovation

The “K” Line container terminal will have its berth rebuilt and four cranes added so that it will be capable of working two ultra-large 18,000-TEU containerships simultaneously.

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08 April
Chris Dupin

Drewry finds Maersk stock ‘unattractive’

A downbeat report from the London-based shipping consultant says freight rates are low and low oil prices are unlikely to drive profitability for the Danish conglomerate, but that stock in […]

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Chris Dupin

Oakland’s containerized exports increase, but imports drop

A recent decline in the value of the U.S. dollar is benefiting exports, but it is too early to declare a trend, according to Port of Oakland Maritime Director John […]

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07 April
Chris Dupin

SOLAS container weight rule to be discussed at Congressional hearing

The House subcommittee on Coast Guard and Maritime Transportation will hear testimony on April 14 about the International Maritime Organization’s controversial verified gross mass requirement, which goes into effect July […]

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Chris Dupin

South Korean firm fined $750,000 in oil water discharge case

Doorae Shipping will also make a community service payment of $200,000 after pleading guilty to charges that it failed to maintain an accurate oil record book and made false statements […]

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Chris Dupin

Hyundai Merchant Marine focused on renegotiating charters, restructuring bonds

The South Korean shipping conglomerate is also considering sale of its tanker business as part of its “self-rescue” plan to increase liquidity and improve its finances, according to local media […]

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06 April
Chris Dupin

Wells Fargo: Kinder Morgan may sell interest in Jones Act fleet

In a research note, analyst Michael Webber of Wells Fargo cited both internal company sources and the Oil Price Information Service, who say Kinder Morgan may sell a half interest […]

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Chris Dupin

Evergreen begins calling Busan New Container Terminal

Taiwanese ocean carrier Evergreen Line has joined the Ocean 3 Alliance’s Phoenician Express Service/BEX2 loop between the Far East and the Mediterranean.

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05 April
Chris Dupin

Drewry: Ocean carriers running out of places to put mega-vessels

Ordering of containerships eased in the fourth quarter of 2015 despite attractive shipyard prices because carriers are running out of profitable trades on which to deploy them, according to London-based […]

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Chris Dupin

NCBFAA asks FMC to set preconditions for approval of vessel sharing agreements

The National Customs Brokers & Forwarders Association Of America says its members want issues related to vessel coordination, chassis, drayage availability, dwell times, container turnaround times, demurrage and detention to […]

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Chris Dupin

Port of Oakland launches smartphone apps for harbor truckers

The DrayQ™ and DrayLink™ applications utilize Bluetooth, WiFi and GPS technology to measure how long drivers wait for cargo at the Northern California port.

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Chris Dupin

ACL takes delivery of second ship in series

The larger, more efficient ships will reduce emissions per TEU by 65 percent, according to Atlantic Container Lines.

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04 April
Chris Dupin

L.A./Long Beach port terminals ‘incapable’ of weighing boxes for SOLAS compliance

Meanwhile, a global survey from the London-based Federation of National Associations of Ship Brokers and Agents finds many countries have failed to take action at national level to ensure the […]

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01 April
Chris Dupin

SOLAS implementation date could be a case of bad timing

The new International Maritime Organization container weight rule was just one of many concerns raised during the Port of Long Beach’s annual Pulse of the Ports Peak Season Forecast on […]

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Chris Dupin

Hyundai Merchant Marine sells stake in securities arm

Korean firm KB Financial will pay $867 million to acquire a 22.56 percent stake in Hyundai Securities from HMM, according to multiple media reports.

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Chris Dupin

Report: Jones Act has national security benefits

Allowing foreign-owned ships operated by foreign crews to participate in cabotage trade in the United States would add to the burden facing domestic security agencies, according to a new report […]

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Chris Dupin

Port of New York/New Jersey reports 12.4% container growth in February

The bi-state port also saw a big boost in automotive traffic and handled a record number of containers with its on-dock rail system, according to data from the port authority.

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Chris Dupin

Crowley adds $32.7m in cargo equipment to fleet

The Jacksonville, Fla.-based ocean carrier is purchasing new containers, chassis and gensets for both international shippers as well as its services to Puerto Rico.

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Chris Dupin

2M Alliance to launch new Asia-U.S. Gulf service to handle resin export boom

The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. […]

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Mar - 2016 -
31 March
Chris Dupin

NEWS FLASH: 2M Alliance to launch new Asia-U.S. Gulf service

The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. […]

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Chris Dupin

Judge puts plan for BNSF railyard in Los Angeles on hold

The decision is a victory for the City of Long Beach, which said in a statement it believes more should be done to mitigate the project’s impact on local residents.

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Chris Dupin

Oakland terminal shutdown first test of new arbitration system

The dispute between dockworkers and employers over starting times, which caused a shutdown at the Oakland International Container Terminal Monday, will be resolved using new arbitration system agreed to last […]

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Chris Dupin

Spanning the Pillars of Hercules

APM Terminals will expand its presence in the Port of Tangier, opposite its long-established terminal in Algeciras, Spain, by building a second $863 million port complex that will have the […]

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30 March
Chris Dupin

Hyundai reports progress in improving finances

With progress being made on asset sales and creditors approving a three-month debt extension, HMM says it will now work to renegotiate ship charters as part of its ongoing “self-rescue” […]

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Chris Dupin

ARC reflags ro-ro vessel to add to U.S. fleet

American Roll-on, Roll-off Carrier Group will replace the M/V Courage, which has damaged in a fire last June while crossing the North Sea and is being scrapped, with the 2006-built […]

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29 March
Chris Dupin

Port of Oakland terminal reopens after Monday closure

Oakland International Container Terminal was open for business Monday evening after a dispute about starting times shut the SSA Marine facility down during the day.

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Chris Dupin

Creditors agree to HMM debt extension

The Korea Development Bank and other lenders have agreed to give the Korean shipping conglomerate a three-month debt extension, according to multiple local media reports.

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28 March
Chris Dupin

Ocean carriers launch loop between China, Korea and Russia

The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.

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Chris Dupin

Nigerian Ex-Im, shipper group plan regional line

The Nigerian Export-Import Bank and Nigerian Shippers Council are collaborating to establish a regional shipping line, according to a report from the Lagos-based Vanguard newspaper.

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25 March
Chris Dupin

CMA CGM to route ships on its PEX3 loop around Africa

The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fees by sailing around the Cape of Good Hope at the southern tip […]

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Chris Dupin

ILWU endorses Sen. Bernie Sanders for president

The International Longshore and Warehouse Union endorsement comes a month after the AFL-CIO, the largest federation of unions in the United States, chose not to endorse a candidate.

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Chris Dupin

New home for Hawaii Superferry: Gulf of Maine

Bay Ferries will charter the high speed boat, built to carry passengers and freight between the Hawaiian Islands, from the U.S. Navy to operate between Portland and Yarmouth, Nova Scotia.

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24 March
Chris Dupin

Korea Development Bank sets up containership fund

The fund will prioritize orders for 13,000-TEU containerships, potentially supporting an additional 15 to 20 vessel orders, according to an investment advisory note from Wells Fargo.

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