FMC Approves G6 Expansion – The Federal Maritime Commission (FMC) unanimously approved an expansion of the G6 Alliance. The G6 is made up of American President Lines (APL), Hapag Lloyd, Hyundiai Merchant Marine, Mitsui OSK Lines, Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL). The new agreement expands the geographic scope of their cooperation. At this time, the FMC does not believe that the expansion would create an “unreasonable” increase in transportation costs.
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Composites Seen as Future for Container Shipping – At a recent conference, the European Commission’s Joint Research Centre presented detailed information on the potential for shipping containers made of carbon fiber. Although, these containers would be more than double the cost of their traditional steel counterparts, they would be nearly half the weight of steel, corrosion resistant, and allow for lower powered x-rays to be used in screening. Additionally, these containers could also be foldable and allow for more efficient repositioning of empty containers.
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India’s Mundra Breaks 100 MMT Barrier – India’s Mundra Port handled 100 million metric tonnes (MMT) in its latest fiscal year, a record for the 12 year old port. The hub has been growing at roughly 35% annually and has a total capacity of over 200 MMT. The port operators plan on reaching the 200 MMT mark before the year 2020.
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