April 17, 2012
Congratulations to one of our carrier partners Evergreen Shipping, who on Monday announced a major ship purchase of ten ships with a size of 13,800 TEUs each. They have purchased them through a leasing agreement with Korea Infrastructure Investments Asset Management Co., Ltd., or KIAMCO.
Evergreen will take delivery of the vessels beginning in the fourth quarter of 2013 and they are believed to be deployed on joint services on the Asia – Europe – Med trade. Evergreen will concurrently return expiring chartered vessels as new ones are delivered. Evergreen is one of the few global carriers who has resisted the trend of slot chartering with other vessel operators on services. They did it on the Transpacific several years ago with China Shipping, but otherwise have operated independently. Evergreen for a while operated their own “private” shared service with their acquisitions of Hatsu Marine and Lloyd Triestino until all were rolled under the Evergreen brand.
With this order, Evergreen now has the second largest order book (445,000 TEUs) behind industry leader Maersk.
May 13th 2022
The NCBFAA held its annual conference in Tucson the first…
The NCBFAA held its annual conference in Tucson the first week of May and Kellie and Marianna represented Camelot. They were two of more than 530 customs brokers and freight forwarders who came together to hear the latest news on topics like port congestion, demurrage and detention, forced labor, the…
Apr 11th 2022
Section 301’s in the news Section 301 duties, or “the…
Section 301’s in the news Section 301 duties, or “the Trump Tariffs” as they are known by most, are the additional duties which were imposed on many items in the harmonized tariff originating from China in response to a determination by the previous administration’s US Trade Representative. As a result…