This will entail investment of around $250m across the shipping line’s 1.6 million boxes. While many reefer containers are already fitted with such equipment, Hapag-Lloyd is considered a first-mover in equipping ordinary containers with tracking, which includes GPS location data, tempera...

Among the ‘lowest-hanging fruit’ in digitalising the logistics sector, eBLs would dramatically reduce paperwork and, it is thought, the manpower required to process it. However, a universal standard for eBLs must first be established. This would include agreement on the necessary details, as wel...

This potential positive development for the charter market was highlighted by Dr John Coustas, CEO of non-operating containership owner Danaos, during the company’s Q2 earnings call this week. Dr Coustas said the new environmental regulations were obliging ocean carriers to “redesign their opera...

The UK government’s tax body warned yesterday that “more than 3,500 businesses risk significant delays” if they did not migrate to the Customs Declaration Service (CDS) before it switches off the current platform, Customs Handling Import and Export Freight (CHIEF), on 30 September. Director of...

The military exercises began last night, hours after US House Speaker Nancy Pelosi visited Taiwan and met President Tsai Ing-wen, angering China, which has viewed Taiwan as a renegade province since the 1949 Chinese Civil War. Six ‘no-sail’ and ‘no-fly’ zones have been marked out by China, w...

Congressmen Payne, DeFazio, Scott and Costa introduced a new Freight Rail Shipping Fair Market Act, which will seek to address perceived excesses in the American rail sector. A gift to rail unions, after President Joe Biden signed an executive order to prevent strike action last month, the bill seek...

He said his confidence in the integrity of the contract business, which now represents some 70% of of the carrier’s volumes, was in the make-up of its top-200 client portfolio. Mr Skou said: “What’s important to understand when you look at our portfolio today is that it is heavily weighted tow...

Yesterday, management announced they were in discussions with clients to build 15,000 teu and 2,000-3,000 teu vessels. CSBC VP Chou Chih-ming said although the global economy was showing signs of weakness, due to the global target of achieving zero carbon emissions by 2050, shipping companies were i...

Indian Railways (IR), the public enterprise that governs and operates the country’s rail systems, has again scaled down the haulage subsidies allowed for the movement of empty containers. The rebate scale, reduced from 25% to 15% in April, has this week been revised further, to 10%, through the en...

The new regime begins on 8 August. The shipping line said previous moves to resolve the backlog had proved insufficient, adding: “We had until now focused on draying containers with no activity for more than 14 days. “Unfortunately, persistent congestion continues to impact operations in our key...