International shipping industry news? You’ll find it in Global Trade. Check out trade articles about ocean carriers and port destinations.
Ocean carriers have become the standard for connecting trading partners from different geographies, especially when large volumes of freight must be sent over significant distances. Freight costs on carriers are among the lowest available, making these remarkable ocean liners the preferred choice for shipments that are not adversely impacted by a longer transportation time – anywhere from 10 to 30 days. However, maintaining these lower costs has been a challenge in an asset-heavy, highly competitive industry that requires considerable financial investment – not just in the ships themselves, but in fuel and carriers as well. This may be one reason why many major carriers have expanded their services to also incorporate freight consolidation, warehousing, and truck and rail service, so shipments can literally now be made door-to-door rather than port-to-port.
An Array of Shipping Policy Issues Were Discussed
Federal Maritime Commission Acting Chairman Michael Khouri and three of his fellow commissioners hosted a delegation of Washington-based foreign diplomats who specialize in maritime matters where a broad array of shipping policy issues were discussed. Almost 20 officials from 13 different embassies attended an event held in the commission’s hearing room last week. This group… Read More
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