The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.
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The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and Europe.
Athens, Greece-based containership lessor Diana Containerships has sold the M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, the company said.
The recent announcement on Japan’s three major ocean carriers - MOL, NYK Line and “K” Line - merging container operations has left the industry wondering if more consolidation is to come.