Transportation Happenings – July 17, 2017

Following are “Transportation Happenings” from the past week that you may find of interest:

  1. The BIG just seem to be getting BIGGER.  The pending purchase of OOCL by COSCO will cost 6.3 Billion Dollars and will result in a 400 ship 2.9 million TEU conglomerate.
  2. Jeremy Nixon has been named CEO of OCEAN NETWORK EXPRESS which is the new Company resulting in the three Japanese Carriers (NYK, KLine and MOL) joining forces.
  3. Maersk Line was so heavily hit by the recent virus that they have petitioned the FMC for a 20 day delay in changes to Service Contracts/Rates as they put their house back in order.
  4. In a similar manner Maersk is waiving Demurrage/Detention Fees from June 27 until July 9, 2017.  (It is possible this may vary by location so be sure and check.)
  5. A study says that Heavy Trucks in the U. S. are now 30% cleaner AND also better in fuel efficiency.

 

  1. Container Carriers continue in the news.  This article is interesting as it discusses the COSCO and OOCL purchase (Click to read attached article)