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.
China’s Container Trade Faces Hold-Offs Due to Supply-Demand Imbalance
Container xChange has released its latest China market update, shedding light on the current container price trends in China. Despite expectations of… Read More
Ship Operator Pleads Guilty to Crimes Related to Pollution from Cargo Ship
A ship management company has pleaded guilty in a United District Court in Corpus Christi and was sentenced today for… Read More
APL Ltd. to Pay $9.8 Million to Resolve Claims Under the Department of Defense Shipping Contract
APL Limited has agreed to pay the government $9.8 million to resolve allegations that it violated the False Claims Act… Read More
ACL Takes Deliver of the Largest CONRO Ship Ever Built
Atlantic Container Lines (ACL) has taken delivery of the Atlantic Star, the largest combination container/roll-on/roll-off/ (CONRO) ship ever built. The… Read More
New Fednav Ship Better Protects the Environment
Last week at the Oshima, Japan, shipyard, a new vessel, the Federal Biscay, equipped with a ballast water treatment system,… Read More
CaroTrans Enhances China Import Services
NVOCC (non-vessel operating common carrier) and ocean freight consolidator, CaroTrans is now offering 11 new, direct LCL (less-than-containerload) import services… Read More
Maersk Line Adds 12,900 PrimeLINE Units from Carrier Transicold
Maersk Line is adding 12,900 Carrier Transicold PrimeLINE container refrigeration units to its fleet. The units will help to improve… Read More
Port Everglades Welcomes Largest Container Ship in Port’s History
The largest container cargo ship in the history of Broward County’s Port Everglades arrived on October 18 and was in… Read More
Panama Canal Sets New Tonnage Record
Following the close of the 2015 fiscal year, the Panama Canal Authority (ACP) announced today that it set a new… Read More
Maritime Administration Funding Help Advance Industry Environmental Efforts
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced that it will provide over $1 million to support the development… Read More
Shippers Take Heed: IMO Will Require Verification of Packed Container Weights
The International Maritime Organization (IMO) has adopted an important new requirement affecting shippers. The IMO amended the Safety of Life… Read More
Three Ocean Shipping Executives Indicted for Fixing Prices and Rigging Bids
Three former ocean freight executives have been indicted for participating in a long-running price-fixing conspiracy. The executives – Yoshiyuki Aoki,… Read More
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