Press Releases
Hapag-Lloyd Sets Surcharge on India-US Routes | Journal of Commerce
Hapag-Lloyd imposed an “emergency revenue charge” on all containers moving from the Indian Subcontinent to the U.S. and Canada. The planned charges, starting Jan. 20, will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high cube container and $506 per
Star Reefers Wins Freeze of Russian Importer's Assets | Journal of Commerce
Norwegian shipowner Star Reefers has won a U.K. court order freezing assets of Russia’s largest fruit importer, JFC Group, to enforce a judgment over the Russian company’s violation of charter agreements.
Iceland's Eimskip Boosts Profit on Traffic Surge | Journal of Commerce
Eimskip increased third quarter operating profit 7.6 percent year-over-year to $14.85 million, as the Icelandic container shipping and refrigerated logistics company carried 11 percent more cargo. This lifted profit in the first nine months by 15 percent to $46.6 million from $40.5 million in the
Westbound Pacific Carriers Set Reefer Rate Hike | Journal of Commerce
Shipping lines that carry U.S. exports to Asia intend to increase their refrigerated container rates effective Jan 1. to cover higher equipment and operating costs during the historically slow season. The Westbound Transpacific Stabilization Agreement, a discussion group of 10 carriers in the trade
Green Reefer Loss Widens as Rates Hit Seven-Year Low | Journal of Commerce
Norway’s Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year ago, as spot freight rates slumped to a seven-year low amid increasing competition from ocean container carriers.
Maersks Builds $170 Million Chilean Reefer Box Plant | Journal of Commerce
A.P. Moller-Maersk is building a $170 million Chilean factory to manufacture refrigerated containers to keep pace with Latin America’s booming exports of fresh produce, fish and meat.
Arbitrator Sets Reefer Screening Standards | Journal of Commerce
A U.S. West Coast arbitrator, moving to settle a dispute that has disrupted cargo handling at some ports, on Wednesday set a uniform protocol for handling potentially dangerous refrigerated containers that have passed through Vietnam.
Green Reefers, Seatrade Team Up to Fight Competition | Journal of Commerce
Green Reefers and Seatrade are pooling their refrigerated cargo ship fleets to combat fiercer competition from ocean container carriers. The Norwegian and Belgian companies will jointly operate a fleet of 48 conventional reefer vessels with capacities of 192,000-315,000 cubic feet in the GreenSea
Maersk's Barfod Discusses No-Show Clause, Reefer Slow-Steaming Challenges (Video) | Journal of
Thue Barfod, refrigerated container business development manager at Maersk Line Hong Kong, discusses Maersk's new no-show clause with Stephanie Nall of Cool Cargoes while attending TPM Asia in Shenzhen.
West Coast Isolating Vietnam Reefer Containers | Journal of Commerce
Waterfront employers are working with the International Longshore and Warehouse Union to identify and isolate at-risk refrigerated containers arriving at West Coast ports from Vietnam. In recent months, four reefer containers exploded or caught on fire, resulting in two deaths in Vietnam and one on
