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Are Trans-Pacific Carriers Guilty Of Price Gouging?
Tuesday, July 7, 2020 - 5:13pm | 1442Spot rates in the trans-Pacific ocean trade continue to reach epic new heights, leading to talk of price gouging. "Container lines have done well during the global pandemic, but are they profiteering from the crisis?" asked U.K.-based consultancy Drewry. "Perversely, lines look set to make more...
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DCSA Launches Another Drive For Information Sharing
Tuesday, July 7, 2020 - 2:42pm | 623The Digital Container Shipping Association (DCSA) is continuing its efforts to make information sharing easier. On Tuesday the nonprofit specifically tackled ship-related information transparency with the publication of standards for the exchange of operational vessel schedules (OVS). The OVS...
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MSC Furthers Progress On Carbon-Reduction
Tuesday, June 16, 2020 - 12:53pm | 699Mediterranean Shipping Co. (MSC) is helping its customers support carbon-reduction efforts. MSC has partnered with global climate solutions provider South Pole on a carbon-neutral program since early 2019. The container shipping line announced Monday that it was expanding the program to include...
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Asian Trade Reveals Economic Distress
Tuesday, June 16, 2020 - 12:46pm | 935The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A recent "surge" in containers from China has created a plethora of bullish headlines signaling a possible turnaround. Well, don't pop the champagne yet. The flow...
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MSC Outlines Lower Carbon Output For European Vessel Calls
Monday, December 9, 2019 - 1:06pm | 410Mediterranean Shipping Company (MSC) said it is starting to use biofuel blends to power its vessels. This is occurring as the shipping industry grapples with how to reduce its carbon footprint ahead of mandatory reductions over the coming decades. The world's second-largest container shipping...
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MSC Loses Preferred Customs Status Over Cocaine Bust On Ship
Friday, June 21, 2019 - 12:16pm | 1600Following a second large drug bust aboard its box-ships this year, international ocean container shipping line Mediterranean Shipping Company has had its Customs Trade Partnership Against Terrorism (C-TPAT) certificate suspended by the U.S. Customs and Border Protection agency. The agency acted...