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
Hapag-Lloyd Invests $4 Billion in 24 Dual-Fuel Containerships to Propel Decarbonization Goals
German shipping giant Hapag-Lloyd has committed to a $4 billion investment in 24 new dual-fuel containerships, ordered from China’s Yangzijiang… Read More
Challenges Faced by Low-Cost Carriers (LCCs)
Times have changed, and airlines seem to be up to the daily travel of air travelers. Mostly because carriers are… Read More
Nuclear-Powered LNG Carriers: The Future of Zero-Emission Shipping?
The American Bureau of Shipping (ABS) has released a new report evaluating the potential of advanced nuclear technology to power… Read More
NEMA Calls for Urgent Government Action as Port Strike Worsens Supply Chain Crisis
Debra Phillips, President and CEO of the National Electrical Manufacturers Association (NEMA), has issued an urgent plea to the Biden… Read More
Port Projects about to Launch provide Numerous Collaborative Opportunities
Port infrastructure in America is a critical component of economic growth, and because of that, significant capital investments distributed through… Read More
Texan Ports Reopen as Hurricane Beryl’s Impact Subsides
Port Houston has announced that its terminals will resume operations on July 10, while the Port of Corpus Christi has… Read More
U.S. Container Imports Surge in June 2024 Amid Port Labor Stalls
June 2024 U.S. container import volume declined 2.1% from May but increased 10.4% compared to the same month last year…. Read More
AD Ports and ITC Partner to Enhance Global Trade Facilitation
AD Ports Group has signed a Memorandum of Understanding (MoU) with the International Trade Centre (ITC), a joint agency of… Read More
Rising Shut-Down Risks to Affect US East Coast and Gulf Coast Ports
Maersk is at the center of a pending strike that could significantly disrupt US East and Gulf Coast ports ahead… Read More
Impressive Growth at the Port of Virginia
Total annual cargo transported by ultra-large shipping vessels has more than doubled since 2020. Shippers are increasingly opting for vessels… Read More
10 Ocean Carrier Experts For Project Cargo And Heavy Lift
Container cargo gets most of the attention, but project cargo and heavy lift services are crucial for several reasons. They… Read More
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