The collision in northern Texas left one injured and three missing Tuesday morning.
The Oakland, Calif. City Council passed an ordinance to ban the storage and handling of coal and coke at bulk terminals in the city, representing the latest blow to Terminal Logistics Solutions’ plan for a dry bulk terminal to handle coal and other goods.
The Ocean Carrier Equipment Management Association said that a key benefit of the terminal weighing approach is that shippers will not be required to perform any additional actions in order to provide the verified gross mass of containers.
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Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.
Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
Ocean carriers should "embrace the obvious solution" terminal operators can offer to ensure compliance with the International Maritime Organization's new verified gross mass regulations, says Federal Maritime Commission Chairman Mario Cordero.