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
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
CEVA Cuts Transit Times for U.S. LCL Shipments
CEVA Logistics announced changes to its U.S. LCL (less-than-containerload) export system that have cut up to 14 days from the… Read More
Intermarine Adds Ecolift F900s to Fleet
Intermarine, LLC, a transporter of project, breakbulk and heavy lift cargo, has announced the addition of six Ecolift F900 vessels… Read More
Arctic Sea Ice Still Too Thick for Regular Shipping Route
Despite climate change, sea ice in the Northwest Passage (NWP) remains too thick and treacherous for it to be a… Read More
Coast Guard Searching for Missing El Faro
U.S. Coast Guard crews continue searching for possible survivors from the container ship El Faro Monday, which is believed to… Read More
Rolling On The Water
Roll-on/Roll-off (RoRo) shipping—where vehicles are driven on and off ocean carriers via ramps (rather than lifted by cranes)—serves a global… Read More
The Deep Green Sea
Socially responsible shippers will have far greener shipping options as the world’s oceans go green, or greener, over the next… Read More
GAO: Cargo Preference Policy Increases Food Aid Shipping Costs, Benefits Are Unclear
The Government Accountability Office, an arm of the U.S. Congress, recently issued a report that calls United States cargo preference… Read More
Matson Adopts Safe Ship Recycling Policy
The non-governmental organization Shipbreaking Platform applauded the U.S. shipping company Matson, Inc. for committing to recycle its old ships only… Read More
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