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.
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
ZIM Announces Upgraded Lines Structure
In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its… Read More
Expanded Panama Canal Welcomes Largest Capacity Vessel To Date
The Panama Canal welcomed yesterday the largest capacity vessel to-date to transit the expanded locks—Hapag-Lloyd’s Valparaiso Express. The 10,589 TEU… Read More
CMA CGM: Has the NOL Acquisition Come at a Heavy Price?
“In 2016, most probably, none of the 20 top companies will be profitable, consolidation will continue because small shipping lines… Read More
Carriers Playing Poker With Ports
Container shipping lines are in danger of putting future port investment at risk in their demands for terminal handling cost… Read More
COSCO Europe Slashes Fuel Costs and Emissions
In the four years since its coating with Jotun’s Hull Performance Solutions (HPS) system, the vessel COSCO Europe has reached… Read More
Oil Tanker Officer Sentenced To Eight Months
A senior engineering officer employed by an Italian shipping company was sentenced to eight months in prison for deliberately concealing… Read More
North American Grain Shipments Flowing
The St. Lawrence Seaway is expecting a strong finish to the shipping season as freighters deliver raw materials and exports… Read More
El Faro Transcript, Factual Reports, Made Public
The transcript from the El Faro’s voyage data recorder bridge audio was one of five factual reports added Tuesday to… Read More
Rickmers to Demolish $60 Million Vessel
The India Rickmers is headed for the scrap heap of maritime history. In a move emblematic of the pain ship… Read More
European Commission Approves Merger Between Hapag-Lloyd and UASC
The European Commission has cleared the proposed acquisition of United Arab Shipping Company (UASC) by Hapag-Lloyd under the EU Merger… Read More
Businesses Ask FMC to Address Fees
A coalition representing retailers, manufacturers, truckers, transportation intermediaries, and other business groups asked the Federal Maritime Commission last week to… Read More
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