Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
The Hamburg-based maritime services provider's owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
The American Maritime Partnership said it supports CBP's notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise laws, such as the Jones Act.