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Standardization, penalties advised to cut inaccurate ocean billing Shipper frustration with invoicing issues continues to mount. LONG BEACH, California — Beneficial cargo owners and NVOs looking to curb inaccurate billing by carriers should demand more time to closely analyze invoices before payment, ask the carrier to use a standardized invoice, and insert a penalty into […]

FMC scraps 30-day service contract amendment rule Ocean carriers and large shippers welcomed the rule change. WASHINGTON — US maritime regulators on Monday unanimously voted to scrap a rule requiring container lines to report amendments to service contracts before they go into effect, as part of a broader effort to save BCOs, carriers, and NVOCCs […]

Maersk, IBM digitalize global container supply chain The secure and decentralized nature of blockchain has garnered the attention of numerous industries. Maersk Line and IBM have teamed up to deploy “blockchain” technology to digitalize the complex paper trail involved in the global supply chain, a major collaboration promising to reduce cost, errors, and time involving […]

BCOs battling for Europe-Asia space Shippers on the North Europe-Asia trade are running into space issues as… Maritime News›Container Lines Asia-Europe International Logistics Logistics Providers Read more about BCOs battling for Europe-Asia space Log in or register to post comments BCOs battling for Europe-Asia space Journal of Commerce

Container-tracking portal needed to aid US matchbacking LONG BEACH, California — A severe lack of technology with container-level visibility is stunting matchback opportunities for shippers in the US heartland, spurring the need for a portal detailing container type, location, and availability for BCOs and… Container-tracking portal needed to aid US matchbacking Journal of Commerce

Trans-Pacific spot rates slip again Spot rates in the eastbound Pacific dropped this week below $3,000 per 40-foot-equivalent unit to the East Coast and $1,500 per FEU to the West Coast, but compared with the same post-Chinese New Year… Trans-Pacific spot rates slip again Journal of Commerce

Asia-Europe spot rate hikes fail to stick Spot rates to move a container from Asia to North European and Mediterranean ports fell this week despite carriers’ attempt to seek a March 1 rate increase on higher volume tied to the restarting of Asian factories after… Asia-Europe spot rate hikes fail to stick Journal of Commerce

Cargo-booking exchange aims to give BCOs certainty LONG BEACH, California — A cargo-booking exchange designed to increase certainty and accountability in the container market is set to move from pilot phase to a full launch in June. The New York Shipping Exchange is midway through a testing period to… Cargo-booking exchange aims to give BCOs […]

Carriers warn US demurrage and detention proposal could add congestion LONG BEACH, California — A group representing global container lines blasted a BCO-led effort to prevent marine terminal operators and carriers for fining them when forces out of their control prevent them from picking up or returning containers and… Carriers warn US demurrage and detention […]

Higher trans-Pac contracts forecast, but how much? LONG BEACH, California — Despite a slew of positive signs for container lines on the trans-Pacific, industry analysts on Monday downplayed the likelihood of carriers boosting service… Higher trans-Pac contracts forecast, but how much? Journal of Commerce