Unitrans Global Logistics Newsletter | Edition 71 | March 17, 2017
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Unitrans International Logistics Global Newsletter

In Edition 71:
> Maersk's Acquisition of Hamburg Sud Advances
> April 15 GRI
> Spanish Port Strike Update
> Potential Strike At Spanish Ports
> Countdown to Ocean Carrier Alliances: 15 Days
> Bangladesh Shipping Advisory
> Winter Storm Stella Impacts Logistical Operations

Links of the Week

World's Largest Containership

Somalia Pirates Hijack Ship

Additional Rail Service from Port of Antwerp to Rhine-Ruhr-Main Region in Germany

US Fed Reserve Raises Interest Rates for Second Time in Three Months

Unitrans Newsroom

Maersk's Acquisition of Hamburg Sud Advances

On March 14, 2017, Hamburg Sud and Maersk Line signed a Sale and Purchase Agreement, pushing the acquisition one step closer to completion. Maersk's acquisition of German liner Hamburg Sud would boost the vessel count and consequently the capacity of the 2M alliance. The acquisition must still be approved by European Union antitrust regulators. Read more here.

April 15 GRI

As announced, Trans-Pacific Trade carriers have announced a General Rate Increase (GRI) in the amount of $16/CBM, $32/MT, $720/20', $800/40', $900/40'HQ and $1,010/45', to become effective April 15, 2017. Unitrans International will continue to work diligently with carriers to mitigate this GRI in support of our clients. If you have any questions, please contact your local Unitrans International representative.

Spanish Port Strike Update

According to the Journal of Commerce (JOC), Spanish dockworkers have canceled their planned strike actions after the government failed to win parliamentary support for reforms of the country's dock labor system. The canceled strikes were planned for odd hours on March 17, 20, 22 and 24. The dispute originated from a proposed reform which would change the amount of control the dockworker union has over hiring of labor.

Countdown to Ocean Carrier Alliances: 15 Days

The new ocean carrier alliance structures will debut on April 1, 2017, causing various changes throughout the industry. One substantial change is the elimination of some direct port calls. The exclusion of some port calls will cause current transit times to vary depending on the origin port, destination port and the service schedule.

According to the Journal of Commerce (JOC), it appears that the transit times for nearly half of all services will be reduced. On the contrary, with the elimination of some direct port calls, some lanes will see increased transit times due to the need for transshipping. While transit times will be impacted, reliability of sailing schedules will be another key service metric measured throughout the implementation of the new carrier alliances.

Bangladesh Shipping Advisory

Due to heavy rainfall, it is advised that all shipments originating in or destined for Bangladesh are protected by polythene or shrink wrap. Safeguarding pallets with plythene or shrink wrap can help protect cargo from water damage while in transit. Cargo insurance is another recommended precautionary step to protect cargo from extreme weather events. If you would like additional information about cargo insurance, please contact your local Unitrans International representative.

Winter Storm Stella Impacts Logistical Operations

Winter Storm Stella has caused wide-spread shipping delays across the Northeast this week. Considerable snowfall caused the Port of New York and New Jersey as well as the Port of Boston to temporarily close this week, however, operations have since resumed. Shipments originating in or destined for the Northeastern portion of the United States could be delayed due to the storm. Additionally, limited space is causing an increase in air and truck rates. If you have shipment-specific questions, please contact your local Unitrans International representative.

International Holiday Calendar

*Holidays do not necessarily indicate close of business*

 


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