The National Hurricane Center issued Advisory #34A concerning Hurricane Matthew, which as of 4:00 p.m. e.t. is less than 115 miles east-southeast of West Palm Beach, FL. The public advisory states that currently Hurricane Matthew is a category 4 on the Saffir-Simpson Hurricane Wind Scale, with sustained winds of 140 mph. The advisory speaks to the current Hurricane Watch which is in effect from Edisto Beach, FL to South Santee River, SC.
News / Supply Chain Alerts
Hurricane Matthew is targeted to land in South Florida over the next 48 hours. This is expected to create significant flood threat, high winds and heavy downpours.
Earlier today Hanjin Shipping Co. filed for court receivership. According to reports from Reuters, the largest South Korean container shipping firm and 7th largest in the world, made the decision to seek court receivership from the Seoul Central District Court on Wednesday. Additionally, the request to the District Court was to also freeze the assets of Hanjin. This decision came after Hanjin discovered that they were losing support from their banks. Hanjin’s debt reportedly stood at approximately $5 billion (USD), and their existing funding was no longer adequate.
On August 2nd the World Health Organization listed the U.S as a country that was reporting the mosquito-born Zika virus. Just 24 hours after this announcement China added the U.S. to their list of Zika-infected countries; which currently totals approximately 40. This listing brings about new requirements for all containers that are being shipped from the U.S. to China.
Reports are coming in from both ocean and rail carriers as well as news sources that the Blue Cut fire, which swept through the Cajon, CA area on Tuesday, is currently impacting both rail and highway logistics routes northeast of Los Angeles at this time.
In view of the recent easing of the SOLAS VGM requirements, specifically the Terminal Weighing Approach (TWA) where carriers will accept the weight from the terminal and not the shipper, we will no longer require the Verified Gross Mass (VGM) Certification distributed earlier this month.
On July 1, 2016, the new container weight verification rule will go into effect and will impact shippers from 171 countries due to the added requirements of necessary documentation. The International Maritime Organization (IMO) adopted this new requirement under the Safety of Life at Sea (SOLAS) Chapter VI, Part A, Regulation 2.
The Port Authority of NY/NJ has reported a labor walk-off that took place at 10:53 this morning involving the workers of the International Longshoremen’s Association.
The International Maritime Organization (IMO) has adopted a new requirement under the Safety of Life at Sea (SOLAS) Chapter VI, Part A, Regulation 2. The new container weight verfication rule will go into effect on July 1, 2016, and will impact shippers from 171 countries due to the added requirements of necessary documentation.
This amendment to SOLAS states that the shipper is responsible for providing the container’s gross verified weight to the ocean carrier and port terminal representative prior to the container being loaded on a ship; regardless of who packed the container.