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.

The World’s Largest Cargo Ship Makes Impressive Arrival in Britain

Britain’s largest and busiest container port, the Port of Felixstowe, witnessed a remarkable event as the MSC Loreto, one of… Read More

U.S., Canada Take Steps in Arctic

Peter Buxbaum 12:06 AM  1/3/2017

In a meeting in late December between U.S. President Barack Obama and Canadian Prime Minister Justin Trudeau, the two countries… Read More

Maersk Line Enters Deals to Recycle Eight Vessels

Peter Buxbaum 1:56 AM  12/30/2016

In November, Maersk Line selected five ship recycling facilities in China and India for a tender to recycle eight panamax… Read More

Desperately Waiting for Ship Operators

Haylle Sok 6:39 AM  12/28/2016

The idle fleet is arguably the fastest-growing part of the global containership fleet. What’s behind the doubling of the idle… Read More

Prophet Systems to Integrate INTTRA

Haylle Sok 12:05 AM  12/28/2016

INTTRA, the world’s ocean shipping electronic marketplace, and Prophet Systems, the leading producer of software solutions for the perishable food… Read More

NYK Establishes Logistics Company for Finished Cars in Vietnam

Peter Buxbaum 7:46 AM  12/26/2016

NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA) to establish NYK Auto Logistics (Vietnam) (NALV),… Read More

Mediterranean Shipping Company to Take Over Long Beach’s Largest Terminal

Peter Buxbaum 1:57 AM  12/26/2016

After several twists and turns, a subsidiary of Mediterranean Shipping Company has been approved to take over sole control of… Read More

Ship Engineers Receive Prison Sentences

Peter Buxbaum 12:38 AM  12/26/2016

Cassius Samson, 52, and Rustico Ignacio, 66, both of the Philippines, were sentenced today by a U.S. District Judge in… Read More

THE Alliance Became Effective December 19

Peter Buxbaum 12:05 AM  12/25/2016

The Federal Maritime Commission (FMC) has concluded its review of the proposed THE Alliance agreement (FMC Agreement No. 012439), allowing… Read More

Another Hanjin?

Peter Buxbaum 2:00 AM  12/23/2016

Rickmers Maritime Trust moved closer to liquidation last week, as its bondholders rejected a financial restructuring that might have saved… Read More

Maersk Line, MSC, and HMM Enter Strategic Cooperation

Peter Buxbaum 3:25 AM  12/22/2016

At one time, there was a plan for Hyundai Merchant Marine to join Maersk Line and Mediterranean Shipping Company (MSC)… Read More

ZIM Announces Upgraded Lines Structure

Haylle Sok 2:00 AM  12/22/2016

In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its… Read More