The executive arm of the European Union has been mandated to begin negotiations with the United Kingdom following the county's "Brexit" vote to leave the union.
Japanese ocean carrier Mitsui O.SK. Lines in March agreed to purchase 2,000 40-foot (FEU) and 200 20-foot (TEU) refrigerated containers, MOL said in a statement Friday.
Port congestion issues in early 2015 brought the often chaotic process surrounding detention and demurrage fees into sharp focus, but where where shippers saw pesky and sometimes unfair ad hoc charges, technology providers saw an opportunity.
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Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
Monitoring by the U.S. Federal Maritime Commission, however, shows individual ocean carriers within each vessel sharing alliance continue to "independently and vigorously compete on pricing," according to Acting FMC Chairman Michael Khouri.
Certain provisions of the merger agreement would have "jumped the gun" by allowing NYK, MOL and "K" Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.