NVOCCs

To Profit From Russia Trade, More Non-vessel Owners Become Owners

Credit: orbtal-media-unsplash
  • More NVOCCs are becoming shipowners and or liner operators, lured by healthy cargo volumes and freight rates on routes to and from Russia.
  • The latest, Vistar Shipping, a UAE-incorporated NVOCC, has launched an India-Russia-Turkey liner service after an affiliate acquired a container ship.
  • Vistar, part of a group headed by Indian NVOCC Econship Marine, established in 2008, early in the year bought the 1997-built 1,700 teu Baryon, from Qingdao Pengteng International.

https://mfame.guru/to-profit-from-russia-trade-more-non-vessel-owners-become-owners/

Shippers, brokers square off over ocean carrier tariff prices

Brokers booking freight on behalf of their customers say they have no choice but to pass through charges assessed by ocean carriers — charges that some shippers claim are unjustified.

That was one of the main takeaways from the only three public comments filed in response to an Advanced Notice of Proposed Rulemaking issued by the Federal Maritime Commission (FMC) in April.

The National Customs Brokers and Forwarders Association of America (NCBFAA), the New York New Jersey Foreign Freight...

https://www.freightwaves.com/news/shippers-brokers-square-off-over-ocean-carrier-tariff-prices

Forwarders in Chaos, As Maersk Suspends Contract Bookings

Maersk’s decision to “temporarily suspend” spot and short-term contract bookings from Asia following the Suez Canal blockage has left forwarders and NVOCCs scrambling for alternatives, reports the Loadstar.

Spot market volatility

Maersk estimated a loss of capacity across its network of up to 30% “over multiple weeks,” in addition to equipment shortages in Asia. One UK forwarder said although he appreciated the difficulties for Maersk, he was “shocked” it had decided not to honour its short-term...

https://mfame.guru/forwarders-in-chaos-as-maersk-suspends-contract-bookings/

Hackers threaten shipping firm ECU Worldwide with data leak

Containers being loaded onto a ship to illustrate the shipping firm ECU Worldwide being threatened with a data leak by hackers in a ransomware gang.

A ransomware gang is threatening to release a massive trove of data stolen from shipping firm ECU Worldwide more than a month after a cyberattack caused serious disruptions to its online platforms. 

The Mount Locker ransomware gang claimed in a post to its leak site on Sunday that it had taken 2 terabytes of data from ECU. The hackers have yet to release any data and did not respond to a message sent by FreightWaves. 

ECU, a non-vessel operating common carrier (NVOCC) specializing in the...

https://s29755.pcdn.co/news/hackers-threaten-shipping-firm-ecu-worldwide-with-data-leak

GSCW chat recap: Supply chain green shoots, the Wright way

This fireside chat recap is from Day 6 of FreightWaves Global Supply Chain Week. Day 6 focuses on global maritime.

FIRESIDE CHAT TOPIC: Supply chain green shoots, the Wright way

DETAILS: Steve Ferreira, CEO at Ocean Audit, and Duncan Wright discuss challenges that shippers are facing, including how to navigate congestion, container and capacity issues.

SPEAKER: Wright, president at UWL

BIO: Wright has knowledge and experience in 3PLs, rail, technology and shipping. UWL, a top 15 American-owned...

https://s29755.pcdn.co/news/gscw-chat-recap:-supply-chain-green-shoots-the-wright-way

Carriers No More Worried About Contracts, Shippers in Trouble

  • As Asia-US demand continues to surge, BCOs are struggling to ship contracted cargo and are increasingly turning to NVOCCs to support their fractured supply chains.
  • Anecdotal reports suggest carriers are finding spurious reasons to refuse the release of equipment at depots in China, in addition to rolling contracted containers without notice.
  • New York-based Blue Alpha Capital says that imports through the top ten US container ports in October were up 18.8% on the same month of last year, at...

https://mfame.guru/carriers-no-more-worried-about-contracts-shippers-in-trouble/

NCBFAA’s 35-year general counsel retires

NCBFAA

Ed Greenberg plans to retire as general counsel for the National Customs Brokers and Forwarders Association of America (NCBFAA) at the end of December after 35 years of representing the ocean freight transportation intermediary industry in Washington.

Greenberg, 78, made the decision four weeks ago after spending the past six months working from his home office and enjoying the presence of his 2-year-old grandson.

“It had never occurred to me. I had no interest in retirement,” Greenberg told...

https://s29755.pcdn.co/news/ncbfaas-35-year-general-counsel-retires

FMC extends coronavirus-related service contract filing flexibility

Federal Maritime Commission

The U.S. Federal Maritime Commission (FMC) on Thursday afternoon voted to extend an order that allows service contracts to be filed up to 30 days after they take effect to provide relief to shippers, freight forwarders and consolidators, and ocean container carriers impacted by the coronavirus pandemic.

The initial order, which the FMC approved on April 27, had been scheduled to expire Dec. 31. However, the commission approval of the order’s extension will provide the ocean container shipping...

https://s29755.pcdn.co/news/fmc-extends-coronavirus-related-service-contract-filing-flexibility

3PLs frustrated by ocean service contracted rate upheaval

Federal Maritime Commission

For many U.S. freight forwarders and consolidators moving freight during the coronavirus pandemic, it is as if the container-shipping rates of their initially contracted transport arrangements with the ocean carriers are no longer valid.

The National Customs Brokers and Forwarders Association of America (NCBFAA) has voiced this concern to the U.S. Federal Maritime Commission (FMC) in a recent white paper and asked the agency to launch an investigation. The FMC is tasked with monitoring the...

https://s29755.pcdn.co/news/3pls-frustrated-by-ocean-service-contracted-rate-upheaval

FMC keeps spotlight on ocean forwarder, consolidator concerns

U.S. Federal Maritime Commission

The coronavirus pandemic may have disrupted international supply chains for much of the year, but a top official at the Federal Maritime Commission said his agency has remained vigilant in its responsibility to ensure competition within the U.S. ocean container shipping trades.

“I am pleased to say that, because of advance planning and preparation, the commission has remained fully open and operational throughout these difficult times,” FMC Chairman Michael Khouri told online attendees of the Nat...

https://s29755.pcdn.co/news/fmc-keeps-spotlight-on-ocean-forwarder-consolidator-concerns

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