News / SOLAS container weighing rules create $4bn industry – and 'blatant profiteering'

This year’s implementation of the verified gross mass (VGM) amendment to the SOLAS [Safety of Life at Sea] regulations has created a potential $4bn market.

Graeme Parkins, managing director of container weighing solutions provider Hy-Dynamix, told The Loadstar at this week’s Intermodal 2016 event in Rotterdam, that globally there were around 20 million containers in operation, each being used roughly 10 times a year.

“VGM weighing is predominantly being conducted by the ports, with costs ranging from $10 to $200 – albeit with a ...