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Monday, November 22, 2010
Trans-Pacific shipping lines lay out possible 2011 rate hikes
Citing “an early end” to the peak season, the ocean carrier members of the Trans-Pacific Stabilization Agreement (TSA) laid out what they termed a “voluntary guideline contract program” for 2011-2012 that could include containerized rates going up $400 per-FEU for cargo moving from Asia through U.S. West Coast ports, and $600 per-FEU for all other cargo by May 1, 2011.
Port of Long Beach and Caltrans to unveil new $1 bil bridge plans today
Plans are being unveiled in Long Beach for a billion-dollar bridge to replace a crumbling span near the Queen Mary.
The structure will replace the Gerald Desmond Bridge, which was built in 1968. City News Service says that bridge is so decayed that nets are slung under it to catch chunks of falling concrete.
The new design will be wider and higher to accommodate cargo vessels.
Construction is expected to begin next year, with completion in 2016.
-AP/San Jose Mercury News
For the story source: www.mercurynews.com
Samsung among S. Korean officials visiting D.C. to protest new U.S. regs on lithium-ion battery shipments
South Korean officials will visit Washington Tuesday to protest at proposed new rules on lithium-ion battery shipments that could cost major exporters hundreds of millions of dollars a year, the government said.
US regulators are set to toughen rules on how the batteries and devices containing them are shipped on cargo planes amid concerns the products may catch fire and cause an aircraft to crash.
The rules require shippers to treat cellphones, laptops and other popular gadgets like iPhones as hazardous materials, with the full weight of regulation and added costs coming with the new classification.
The regulations, proposed by the US Department of Transportation, are being reviewed at the White House Office of Information and Regulatory Affairs.
Industry representatives include those from Samsung Electronics, the world's second-largest mobile handset maker, and the number three LG Electronics, said Park Young-Sam, a ministry official in charge of the matter.
For the full story: news.ph.msn.com
UPS selling logistics technology unit
United Parcel Service Inc. said Friday it agreed to sell its logistics-technology unit to private equity firm Thoma Bravo LLC.
Financial details were not disclosed.
About 145 people work for the UPS unit, which is based in Baltimore. It creates routing and fleet-management systems designed to help customers burn less fuel and improve driver productivity.
After the sale closes, which is expected by year end, the unit will be renamed Roadnet Technologies Inc. UPS said the unit's chief operating officer, Len Kennedy, will become CEO.
For the story source: www.bloomberg.com
U.S. warns of potential al-Qaeda-linked threat through Middle Eastern, African shipping lanes
The United States has issued a new warning to ships passing through critical shipping lanes in the Middle East and along the African coast after confirming a terror attack took place there this year.
The Abdullah Azzam Brigades, a group based in southern Lebanon that is linked to al Qaeda, claimed in August that a suicide bomber had attacked the Japanese tanker the M. Star on July 28.
The United States has now determined that the claim is valid, according to a statement from the U.S. Maritime Administration.
It warned ships that the group "can conduct further attacks on vessels in areas of/in the Strait of Hormuz, southern Arabian Gulf and western Gulf of Oman."
The explosion on the M. Star injured one crew member but did not cause a spill or halt shipping traffic.
For the story source: www.cnn.com