The Federal Maritime Commission has established a new audit program and dedicated audit team to assess carrier compliance with the Agency’s rule on detention and demurrage as well as to provide additional information beneficial to the regular monitoring of the marketplace for ocean cargo services.
Port Congestion, equipment and space capacity crunch are impacting businesses with supply chains and consumers heavily impacted..
In a webinar, Rachel Premack, Senior Investigations Reporter at Business Insider, Michael J Gordon, Senior FMC Advisor (retd), and Adam Compain, SVP of Global Growth at project44 discuss how rising freight prices have set off a domino effect, manifesting across supply chains through port congestion, drayage holdups, dropping inventories, inflation and lengthening lead times..
They reference insights from a market survey of over 200 supply chain professionals and talk through a possible timeline to a freight market cool down, when it can potentially happen and the circumstances that will lead us there..
The FMC set up Fact Finding 29 in March 2020 in response to many complaints raised with the FMC to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act..
Commissioner Rebecca F. Dye was tasked by the FMC to carry out the investigation with the full authority under 46 C.F.R. §§ 502.281 to 502.291, to perform such duties as may be necessary in accordance with U.S. law and Commission regulations..
In her Executive Summary to the Subcommittee on Coast Guard & Maritime Transportation in June, Commissioner Dye reported that four key key measures to improve efficient cargo movement in US Ports have been identified..
Dead turtles continue to wash up ashore in Sri Lanka even as the Captain of the X-Press Pearl appears in court and satellites show potential oil pollution 70 kms off the coast..
It’s been a while since we wrote about the Ever Given, the main character in one of the most complicated stories in shipping history which ironically didn’t involve any damage to the ship or containers on board..
No one knows though about the status of the cargoes on board – especially perishable cargo in reefer containers or cargoes with a shelf life still inside the containers on board or any hazardous cargoes that maybe stewing in the hot African sun..
Just in case you have forgotten what happened, here is a recap and also the current status..
The winds of change within the context of containerized shipping have been sweeping to say the least. In the pursuit of environmental sustainability, digitalization, operational and commercial efficiency, and collaborative practices the containerized fleet and the industries commercial practices have been radically modified over a significantly short period of time.
With gigantism being the most popular trend currently pursued by the world’s major carriers a new global context has concurrently begun to rear its head.
The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes.
Thus, whilst the argument for economies of scale relative to container vessel sizes makes for a seemingly sensible commercial case, such developments have the potential to seriously impact ports and the entirety of logistics chain, including production.
This begs the question is bigger always better and what alternatives exist?
A project44 analysis of the schedules of various shipping lines indicates that cargo delays could last well into the summer with several blank sailings seen in the schedules.
With maxed-out vessels skipping more ports, project44 is warning shippers to adopt proactive supply chain strategies that anticipate delays.
Harbour, Port, Terminal, Berth, Quay, Pier, Jetty – you are not alone if you are confused about these terminologies..
To many of us, these terminologies sounds the same.. It took me also a while to understand the difference when I started out in this industry..
So here’s how it works..
Chartering is an important concept of the global maritime trade sector and it consists of different types. One of the forms of carrying out a maritime business is a time charter.
Under a time charter, the owners undertake to place their ship at the disposal of the charterers for a defined period of time for the carriage of goods in accordance with the charterer’s instruction, while the ship remains in both the ownership and possession of the owners, and the officers and crew who man her will be the employees of the owners, not the charterers.
In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA.
With the Ever Given still “legally” stuck in the Great Bitter Lakes in Suez Canal, discussions and concerns have turned to various other issues relating to the cargo, the ship’s crew and General Average.
The “arrest” of the ship by the Suez Canal Authority (SCA) which intends to recover losses of around $916 million including $300 million for salvage bonus and $300 million for loss of reputation, has further complicated life for the ship crew who must have been having anxious moments no doubt.
Fact Finding 29 is an order by the Federal Maritime Commission to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act. Commissioner … Read more here..
Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across the Suez Canal.. Although the vessel … Read more here..
From time to time the maritime industry trends in the news media not just within the media outlets in the industry but in the mainstream media as well. More often … Read more here..
The Suez Canal Authority officially announced on the 25th March 2021 that navigation through the Suez Canal is temporarily suspended. Announcing the suspension, Admiral Osama Rabie, Chairman and Managing Director … Read more here..
“Visualise a roadmap for India’s Maritime sector and work to propel India to the forefront of the Global Maritime Sector in the next decade” – that is the message that … Read more here..