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.
Japanese Shipping Giants NYK and MOL Suspend Transit Through Strait of Hormuz
Two of the world’s largest shipping operators, Japan’s NYK Line and Mitsui O.S.K. Lines, have suspended all vessel transits through… Read More
Possible Merger of China Ship Lines: The Good News and the Bad
The possibility that China could merge its two national carriers China Ocean Shipping Co. (Cosco) and China Shipping Container Lines… Read More
Setting Cargo Records At Port Hueneme
In a year that included west coast congestion issues, Port Hueneme is reporting its highest cargo year in its 78… Read More
Merger a Possibility for China’s Largest Container Lines
Discussions are currently underway that could mean the merger of China’s two largest shipping lines, China Ocean Shipping Co. (COSCO)… Read More
The Oversized Challenges Of Project Cargo Shipping
Break-bulk and project carriers find themselves in quite a squeeze these days. Global economic conditions have worked to their detriment… Read More
New Suez Canal Opens Today
An inauguration ceremony for the new Suez Canal was held in Egypt today. The new canal is in reality a… Read More
Sealand to Offer New Port Everglades Service
Ocean carrier Sealand will begin making regular calls at Port Everglades, Florida, later this month as part of its new… Read More
AAL Moves Fleet of New Shuttle Buses From China to Australia
AAL, a multipurpose shipping operator, has successfully transported a fleet of eight newly-built airport shuttle buses from Xingang, China to… Read More
More Asian Cargo Destined For East Coast Ports at Expense of West
The Asia-to east coast North America trade is growing strongly, bringing with it a host of new services, and rate… Read More
Port of Portland Sees First Boxship Call in Three Months
The ship Westwood Rainier recently called at the Port of Portland – the first vessel to call at the Port… Read More
Three Containerships Test Waterway as New Suez Canal Nears Opening
Three container-laden ships have transited a new portion of the New Suez Canal this past weekend, two weeks ahead of… Read More
Port Congestion: A ‘Most Critical and Relevant’ Trade-Related Issue
Resolving congestion at U.S. container ports is “in many ways today’s most critical and relevant trade-related issue,” according to a… Read More
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