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.
First Harbor Deepening Construction Contract Awarded
On the heels of the first construction contract for the Charleston Harbor Deepening Project being awarded by the U.S. Army Corps of Engineers (USACE), South Carolina Ports Authority welcomed the CMA CGM Theodore Roosevelt, the biggest ship ever to transit the Panama Canal to call U.S. East Coast ports. A $47 million construction contract was… Read More
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