WASHINGTON – The U.S. Department of the Treasury imposed sanctions today on Chongchongang Shipping Company and Ocean Maritime Management Company, two North Korean companies that attempted to import a concealed shipment of arms and related materiel from Cuba to the DPRK aboard the DPRK-flagged cargo vessel Chong Chon Gang in July 2013. Chongchongang Shipping Company, […]
The FMC has developed a time and cost saving Web Services filing option that allows vessel-operating common carriers (VOCCs) and non-vessel-operating common carriers (NVOCCs) to incorporate the filing of service contracts and amendments or NVOCC Service Arrangements (NSAs) into their contract management systems (CMS). This filing option automates the SERVCON filing process. By “pushing” the […]
SHANGHAI— GE’s Power Conversion business (NYSE: GE) today celebrated the inauguration and roll out of its agreement with Shanghai Maritime University (SMU) to invest in improving the capabilities of the shipping engineering community in China by building laboratory facilities and cooperating on research and innovation projects. The agreement between GE and SMU, which was first […]
Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) today signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd, subject to the necessary approvals. Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world, with some 200 vessels with total transport capacity of around […]
Members of the G6 Alliance today released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process, the 17 services are scheduled to start in the second quarter of 2014. “The G6 […]
Australian industry, state and federal governments have endorsed a new National Plan for Maritime Environmental Emergencies. The plan sets out the cooperative arrangements between governments and industry to respond to maritime pollution and shipping casualty incidents. The plan, managed by the Australian Maritime Safety Authority, was reviewed with extensive input from key stakeholders, from industry […]
Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today. Under the settlement agreements, Sea Star Line has agreed to pay $1.9 […]
ARLINGTON, VA – In testimony before the Coast Guard Maritime Transportation Subcommittee of the House Transportation and Infrastructure Committee, Tom Allegretti, President & CEO of The American Waterways Operators, urged Congress to enact a uniform national standard for ballast water and other vessel discharges to end a patchwork of federal and state regulations that is […]
The Federal Maritime Commission announced a compromise agreement reached with Compania Sud Americana de Vapores S.A. (CSAV). CSAV is a vessel-operating common carrier based in Valparaiso, Chile. As a separate line of business, CSAV operates roll on/roll off (RO/RO) vessels in U.S. inbound and outbound trades. Under the compromise agreement, CSAV agreed to pay a […]
CHICAGO, IL — More than half (54.7 percent) of marine industry participants expect sales to increase five percent to 10 percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from the 43 percent who expected growth in that range last year. That sentiment tracks closely with […]
