A Letter to Our Clients: Port of Oakland to Implement Extended Gate Fee

Client Advisory:

Port of Oakland Update

SSA Terminals OICT Berth 55- 59: OICT TO IMPLEMENT EXTENDED GATE FEE

Due to the severe congestion, the Oakland International Container Terminal (OICT) has been sponsoring extended gates with the assistance of the Port of Oakland’s Transition Assistance Plan (TAP). The current program, expiring during the last week of June was operated free of charge. This will be replaced with a “fee based” program which is detailed below.

In order to continue to operate four extended gates weekly, effective June 27, 2016, OICT Is implementing a $30 per container transaction fee for all LOADED import (local delivery and IPI cargo) and export containers for both the day and night shifts.

  • This will not apply to empty transactions.
  • There is no expiry date for this fee.

Topocean has established an account for the payment of this fee on behalf of our clients per request. Should you have any question please contact your sales representative.

 

If any clients would like to pay the fee directly the links to the options are listed below.

Wire Transfer Instruction Form: https://b58.tideworks.com/WireTransferInstructionSSAOICTB58.xls

 

Advance Payment Notifications: https://b58.tideworks.com/OICTAdvancePaymentNotification.pdf

 

FOR ADDITIONAL INFORMATION, please visit:

http://www.joc.com/port-news/us-ports/port-oakland/oakland-poised-levy-fees-pay-night-gates_20160606.html

 

Sincerely,

Topocean Group

Panama Canal’s First Commercial Transit Marks New Era for its Nation

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Source: www.joc.com

This past Sunday marked the first use of Panama Canal’s new locks, opening the waterway to larger ships that were unable to make transits there before. The transit was made by Cosco Shipping Panama, the first of many in the locks that took $5.4 billion and nine years to build. The shipping industry will monitor how these new locks improve the efficiency of transits, in particular the reduced per-slot costs and freedom for larger ships to go through the canal.

Canal officials have stated that there have already been many scheduled transits, with the majority reserved for container ships. Mediterranean Shipping Co. (MSC) has already replaced their smaller ships for 8,000 to 9,000-TEU ships for one of their Trans-Atlantic routes, and the 2M Alliance plans to use Panama for its Asia-to-U.S. East Coast services.

The locals are banking on the success of the canal to develop Panama into “a logistics hub”. Data shows that the canal and canal-related activities are responsible for approximately 40% of the nation’s GDP. The Panama Canal is historically known as a center of trade and merchant services – Panamanian president Juan Carlos Varela is hopeful it can return to its economic success and the route will become one that “will unite the world”.

SOURCE: www.joc.com

Additional Information:

Bigger Ships: Panama Celebrates Opening its Expanded Canal (USA Today)

WATCH: Inauguration of the $5 Billion Panama Canal Expansion (NPR)

Panama Canal Expansion Will Affect Shipping – But How? (JOC)

HMM Begins Talk with 2M Alliance, Possible Future Purchase

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Source: www.shippingwatch.com

Earlier this week, Hyundai Merchant Marine (HMM) sent out a newsletter to its customers explaining that it has begun talks with Maersk Line and Mediterranean Shipping Co. (MSC) to join the 2M alliance. With HMM cutting down their recent debt issues and successful meetings with shareholders, the Korea-based shipping company has shifted focus onto forming an alliance for the future.

HMM is currently a part of the G6 alliance, which also includes APL, Hapag-Lloyd, MOL, NYK Line and Orient Overseas Container Line. The alliance’s standing contract is set to expire in March 2017 but due to the recent alliance shifts in the industry, HMM must plan ahead to avoid the risk of being unattended in a world predicated on partnerships. Both the Maersk Line and MSC are part of the most powerful and profitable shipping companies in the world – joining the 2M alliance would help HMM cut costs and improve both service and ratings.

Lars Jensen, CEO and partner of SeaIntelligence Consulting, believes that Maersk Line might be considering buying HMM in the future. Maersk Line surprised many analysts recently with their profitable first quarter despite the slow-down in the industry. By accepting HMM into the alliance and taking over in the future, Maersk Line is looking to further the gap between itself and its competitors.

SOURCE: www.shippingwatch.com

Additional Information:

HMM in Talks to Join 2M Alliance (World Maritime News)

Analyst: Maersk Could End Up Buying HMM (Shipping Watch)

Drewry: HMM Joining 2M Suggests Hidden Agenda (World Maritime News)

Hyundai in Talks to Join 2M Alliance (JOC)

Topocean New Website & Features

Topocean Logo (High Res)

Welcome to Topocean’s revamped website!

As a brief introduction, we hope that this post can help you better navigate the new website layout and offer you Topocean’s full services at your fingertips.

HOME – The Home page grants access to learning more about the services we offer as well as the latest news in the freight forwarding and logistics industry. Shipment tracking can also be done directly through this page.

ABOUT – The About page tells a little about the history of Topocean and who we are as a company today. From this page, users can view “The Topocean Group – We Care” video, an animation that sums up our service and qualities perfectly.

SERVICES – The Services page lists all the services we offer. Here, you will see just how Topocean takes care of our clients from “A” to “Z”.

BRANCH DIRECTORIES – The Branch Directories page has contacts and addresses for ALL our branches. Whether you need to contact someone at your nearest local branch or reach a branch office across the world, this page will have the information you need.

SAILING SCHEDULES – The Sailing Schedules page is used exclusively for checking the collective schedules for all the different carriers.

CAREERS – The Careers page lists all our current job openings within the company. Those who are looking for a career in a dynamic industry within a global environment are encouraged to apply here.

NEWS – The News page is a quick glimpse into the current events taking place in the freight forward industry. By following along these weekly posts, users can learn more about the major shifts taking place within the industry.

CONTACT US – The Contact Us page is the best way for users to communicate with the Topocean team. Just leave your message and contact information, and we will get back to you as soon as possible!

QUICK LOGIN LINKS – Located at the top of each page are quick login links for easy access to the databases you need, such as Shipment Management, Vendor Access, ISF, and many more.

Thank you for taking the time to learn more about Topocean’s new website. We hope you enjoy the interface and that it can streamline and improve your experience with us. If you have any further questions about the website, feel free to contact us via the Contact Us page. Topocean would like to thank its entire staff for their continuing, excellent work and thank you for your unwavering support.

HMM Works with Shipowners To Gain Traction in East-West Trades Again

Source: www.joc.com

A major update in the progress of Hyundai Merchant Marine’s (HMM) financial normalization took place today – HMM’s discussion with shipowners have come to fruition, securing lower charter rates for the company. The acquisition of mega-ships will help HMM further reduce its debt load by lowering the company’s slot costs and increasing effectiveness in the major east-west trades.

Korea Development Bank (KDB) continues to lend its support as the company’s soon-to-be largest shareholder, insisting that they will take the necessary action to restructure the company and increase its competitiveness in the industry. This successful step is critical to the alliance shuffle that’s been taking place over the last few months. In order for HMM to join the ranks of Hanjin Shipping, Hapag-Lloyd, and other companies within the “THE Alliance”, HMM has to prove itself as a contributor relatively soon.

Out of the 124 ships which HMM operate, 85 of them are chartered. Many companies, including Danaos Corporation, Eastern Pacific Shipping, Navios Maritime, and Capital Ship Management Corporation have agreed to reduce their charter rates by 20 percent, while bulk carriers will have rates reduced by 25 percent.

Along with the swapping of charter rates for equity, HMM has made great strides in reducing their debt load and improving their stability. Currently, the company’s debt ratio is approximately 700 percent, but will be reduced to about 400 percent once the agreements are finalized and in place. This totals to a reduction in cash outlay by 530 billion won within the next 3.5 years. The normalization of HMM will continue to play a major role in not only Korea import, but the east-west trade as well.

SOURCE: www.joc.com

Additional Information:

HMM, Shipowners Strike Accord to Cut 21% of Charter Rates (The Korea Herald)

Make-or-Break Negotiations Continue at Shipper HMM (Hellenic Shipping News)

Korean Shipping Lines Need More Government Support, Says KSA Chairman (Lloyd’s List)

Struggling Hyundai Merchant Marine Cuts Deal with Shipowners (The Wall Street Journal)