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.
Virginia and Baltimore Companies Unite to Solve Shipping Challenges Post-Bridge Collapse
Following the collapse of the Francis Scott Key bridge in Baltimore, companies from Virginia and Baltimore have banded together to… Read More
Russian Shipments in Arctic Set Record
The Russian Ministry of Economic Development released figures recently which show that shipments on Russia’s Northern Sea Route through November… Read More
Port Canaveral Welcomes New Reefer Ship
GT USA welcomed to the Canaveral Cargo Terminal (CCT) the M.V. Seatrade Red on its maiden call to the United… Read More
BREAKING NEWS: Another Fire at Gadani Ship Yard Kills Five
Five ship breaking workers were killed after a fire broke out today at the Gadani ship yard in Pakistan. This… Read More
Safety For Gas-Fueled Ships
A new mandatory code for ships using gases or other low-flashpoint fuels entered into force January 1, along with new… Read More
Spot Container Rates Rise
Spot container freight rates on the major east-west routes reached a 20-month high this week and have risen above the… Read More
HMM in Alliance With Korean Carriers
Hyundai Merchant Marine has signed a memorandum of understanding with fellow South Korean carriers Heung-A Shipping and Sinokor Merchant Marine… Read More
New Ship Regulations Come Into Force
The mandatory Polar Code, for ships operating in Arctic and Antarctic waters, entered into force on January 1, 2017, marking… Read More
Sino-Global Develops Logistics Strategy
Sino-Global Shipping America, Ltd., a non-asset based global shipping and freight logistics solution provider, has signed an inland transportation agreement… Read More
Shipping Traffic on Russia’s Northern Sea Route Grows
Shipping traffic in Russia’s Arctic waters saw significant growth in 2017, with cargo volume increasing by 40 percent over 2016…. Read More
U.S., Canada Take Steps in Arctic
In a meeting in late December between U.S. President Barack Obama and Canadian Prime Minister Justin Trudeau, the two countries… Read More
Maersk Line Enters Deals to Recycle Eight Vessels
In November, Maersk Line selected five ship recycling facilities in China and India for a tender to recycle eight panamax… Read More
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