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
SC Line Enters New Era Linking U.S. and Cuba
On September 20, the roll-on/roll-off (ro/ro) vessel Caroline Russ berthed at the Cuban port of Mariel, completing the first regular… Read More
Construction of Crowley’s New LNG-Powered ConRo Ships Progresses
The construction of Crowley Maritime’s first two liquefied natural gas (LNG)-powered liner ships have taken major steps toward completion. Construction… Read More
AAL Canada Launched in Vancouver
AAL, a global breakbulk and heavy lift operator, announced the opening of a new office in Vancouver, British Columbia, Canada…. Read More
Hamburg Süd Adds Carrier Transicold XtendFRESH Technology to Reefer Container Fleet
Hamburg Süd, recently added 400 refrigerated containers equipped with Carrier Transicold’s XtendFRESH atmosphere control system to its fleet. The ship… Read More
MOL Opens Rotterdam World Gateway
Mitsui O.S.K. Lines, Ltd. announced that its new joint venture container terminal, Rotterdam World Gateway (RWG), located at Maasvlakte 2… Read More
Ocean Three Alliance Carriers Consolidate Asia-Europe Routes
Ocean Three Alliance partners, CMA CGM, CSCL, and UASH, announced the consolidation of two Asia-Europe routes, aiming to reduce capacity… Read More
Ocean Carriers’ Operating Margins Down in Second Quarter But Up Over Last Year
The average operating margin of 14 large container shipping companies slipped in the second quarter of 2015. Margins averaged 5.2… Read More
Evergreen Orders Ten 2,800 TEU Class Vessels from Imabari
Evergreen Group signed an order last week with Japanese shipbuilder Imabari for ten 2,800 TEU class B-type vessels. These are… Read More
Traffic Jam in San Francisco Bay Said to be Easing
A backlog of container ships crowding San Francisco Bay is fading, the Port of Oakland claims. The port recently reported… Read More
Intermarine Adds Heavy Lifter Industrial Grace to Fleet
Intermarine, LLC, the breakbulk, project, and heavy lift carrier, announced the addition of the Industrial Grace to its global fleet…. Read More
More Ultra-Large Ships for ‘Mega’ Ocean Three Alliance
China Shipping Container Lines Co. (CSCL) reportedly intends to buy 10 ultra-large ships for $1.5 billion to help the company… Read More
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