Carrier profitability, or lack of profitability, is causing uncertainty with shippers heading into the busiest shipping period of the year. After reaching historical lows, container rates from Asia to United States have stabilized. Although stabilized, the rates have not rebounded to profitable levels. Hanjin and Hyundai are two carriers that have been fighting off bad…
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Is Your Company Prepared for SOLAS?
If your company ships ocean containers, you need to prepared for SOLAS. Effective July 1, 2016, the International Maritime Organization (IMO) will be enforcing a new regulation in the Safety of Life at Sea Convention (SOLAS). This new regulation mandates that shippers provide a Verified Gross Mass (VGM) for every container as a condition for loading onto a ship for export. VGM…
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