Acronyms




m

M.M.

Mercantile marine

M/R

Mate's Receipt

M/T

Metric Ton (2204 lbs.)

M/V or M.V.

Motor vessel

Mafi

A generic term for a wheeled trailer used for carrying cargo, also properly known as a roll trailer. It may remain on board throughout ocean passage or be used as a ‘slave’ trailer to transport cargo to and from the vessel once on quay.

Manifest

A list of the goods being transported by a carrier.

Marine Insurance

An insurance which will compensate the owner of goods transported overseas in the event of loss which cannot be legally recovered from the carrier.

Maritime Administration (MARAD)

A US government agency, while not actively involved in vessel operation, administers laws for maintenance of merchant marine for the purposes of defense and commerce.

Mark

As used on containers in foreign trade, a symbol or initials shown together with the port of importation and the final destination, if different. Example: A.G. y Cia., Bogota via Barranquilla. Marks are registered at appropriate customs houses; they also appear on bills of lading and invoices. In domestic trade, it is common to mark containers with the name and address of the recipient, but this is rarely done in foreign trade.

Marking

Every article of foreign origin, or its container, imported into the United States shall be permanently marked in a conspicuous place in a manner which would indicate to the ultimate purchaser the English name of the country of origin of the article.

Mate's Receipt

Receipt of cargo by the vessel, signed by the mate (similar to dock receipt).

Measurement Ton

The measurement ton (also known as the cargo ton or freight ton) is a space measurement, usually 40 cubic feet or one cubic meter. The cargo is assessed a certain rate for every 40 cubic feet or 1 cubic meter it occupies.

Megacarrier

One of the predatory massive shipping lines that compete on the largely saturated east/west trades.

MFN (Most Favored Nation)

Designation for countries which receive preferential tariff rates. This is no longer the best tariff structure available.

Min. B/L

Minimum bill of lading

mt

Empty

MW

Minimum weight factor

NEWS
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maersk, both in terms of financial performance and in transforming the company. despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record q4 results in logistics and terminals, while ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. port of rotterdam investigates green hydrogen : uniper and the port of rotterdam authority are investigating the possibilities of large-scale production of green hydrogen at the maasvlakte area in rotterdam. the parties have the ambition to realise a hydrogen plant on the site of uniper by 2025 with a capacity of 100mw and to expand this capacity to 500mw. the feasibility study will be completed this summer. dsv launches dsv customs classification : dsv launches a new customs classification service for international businesses called dsv customs classification. with the new service, dsv offers to perform customs classification on behalf of businesses, ensuring compliance with regulations and easing customers’ administrative hassle. qatar airways cargo to recommence middle east sales : effective 21 february 2021, qatar airways cargo will recommence cargo sales and bookings in the kingdom of saudi arabia, the united arab emirates and the arab republic of egypt with the appointment of general sales agents in these countries. unilode aviation solutions signs long-term agreement with la couverture : unilode aviation solutions, the market leader in outsourced unit load device (uld) management and repair services, and mdg group, a supplier of cold chain products and services for the food and pharmaceutical sectors, sign a long-term agreement for the repair of la couverture, a unique product developed and manufactured by mdg for the protection of temperature-sensitive products in the aviation supply chain. xpo logistics once again named a world's most admired company : xpo logistics, inc., a leading global provider of transportation and logistics solutions, has been named a world’s most admired company for 2021 by fortune magazine. xpo has been recognized by fortune as a world’s most admired company every year since 2018. turkish cargo prepares for 'cargo talks' industry discussion : turkish cargo is organizing a webinar titled “cargo talks” during which the valuable stakeholders of the air cargo industry, who finger on the pulse of the industry, will exchange opinions, and the important agenda items such as digitalization, vaccine transport, and the future of the industry will be discussed. the port of los angeles launches truck efficiency incentive : the port of los angeles is launching a new incentive program to move trucks faster and more efficiently through its terminals. ceva logistics expands south east asian reach : ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. ceva logistics expands south east asian reach ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. abu dhabi ports signs integrated maritime logistics agreement : safeen, abu dhabi ports’ maritime arm, has recently signed a historic agreement with allianz marine & logistics services (amls), to launch a new international provider of integrated maritime logistic services. qatar airways cargo announces re-wilding programme : qatar airways cargo announces chapter 2 of its sustainability programme weqare: rewild the planet. kuehne+nagel joins team malizia's sustainability and marine protection efforts : committed to marine protection and sustainable shipping, cma cgm, hapag-lloyd, msc and kuehne+nagel support the yacht racing team malizia under the motto: "a race we must win". with a strong environmental message, the partners are working for a sustainable future and contributing to ocean health by reducing worldwide co2 emissions while focusing on the main pillars: co2 reduction and transparency, science and education. port of dunkirk to rosslare increases capacity : as of wednesday 27 january, the "mv drotten", sistership of the "mv visby", will now call at the dfds seaways ro-ro terminal on the dunkerque-rosslare service (ireland). port of rotterdam sails through a rocky year : 2020 was quite a special year for the harbour master’s division of the port of rotterdam authority. covid-19 was a dominant factor in the port as well. additional corona containment measures led to an increase in work pressure.