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.
St. Louis Regional Freightway Unveils $8 Billion Priority Projects List for 2025
The St. Louis Regional Freightway has announced its 2025 Priority Projects List, which includes 27 projects with a total investment… Read More
Shipping Companies Sentenced to Pay $2.7 Million
Two Greek shipping companies were sentenced Wednesday to pay corporate penalties totaling $2.7 million after being convicted for obstructing justice,… Read More
Multipurpose Shipping Freight Rates On Way Up
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps… Read More
A First for Arctic Shipping
A ship owned by ZPMC Red Box Energy Services, a Netherlands-based marine-transport services provider, became the first cargo vessel to… Read More
IMO Chief Opposes Including Shipping in EU Emissions Trading
IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s… Read More
Russian Shipments in Arctic Set Record
The Russian Ministry of Economic Development released figures recently which show that shipments on Russia’s Northern Sea Route through November… Read More
Port Canaveral Welcomes New Reefer Ship
GT USA welcomed to the Canaveral Cargo Terminal (CCT) the M.V. Seatrade Red on its maiden call to the United… Read More
BREAKING NEWS: Another Fire at Gadani Ship Yard Kills Five
Five ship breaking workers were killed after a fire broke out today at the Gadani ship yard in Pakistan. This… Read More
Safety For Gas-Fueled Ships
A new mandatory code for ships using gases or other low-flashpoint fuels entered into force January 1, along with new… Read More
Spot Container Rates Rise
Spot container freight rates on the major east-west routes reached a 20-month high this week and have risen above the… Read More
HMM in Alliance With Korean Carriers
Hyundai Merchant Marine has signed a memorandum of understanding with fellow South Korean carriers Heung-A Shipping and Sinokor Merchant Marine… Read More
New Ship Regulations Come Into Force
The mandatory Polar Code, for ships operating in Arctic and Antarctic waters, entered into force on January 1, 2017, marking… Read More
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