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.
Virginia and Baltimore Companies Unite to Solve Shipping Challenges Post-Bridge Collapse
Following the collapse of the Francis Scott Key bridge in Baltimore, companies from Virginia and Baltimore have banded together to… Read More
Methanol Carrier CAJUN SUN Delivered
Mitsui O.S.K. Lines, Ltd. (MOL) has announced the delivery of 50,000 DWT methanol carrier the CAJUN SUN at Minaminippon Shipbuilding… Read More
Maersk Line, Ports to Measure, Reduce Air Pollution From Ships
Shipping company Maersk Line and the ports of Los Angeles and Long Beach are partnering to measure the environmental benefits… Read More
45HC.com Enhances Services Through INTTRA Alliance
INTTRA and 45HC.com have announced an alliance that will allow 45HC.com to expand its services and reach by providing access… Read More
Ocean Shipping Grows At Slowest Pace Since 2009
The good news: Seaborne shipments passed 10 billion tons for the first time ever in 2015. The bad news: that… Read More
Khalifa Port Reaches TEU Milestone
Abu Dhabi Terminals (ADT) announced that it set a new record by handling five-million TEU, representing a milestone achievement for… Read More
Korea Line Wins Bid for Hanjin Assets
Korea Line Corp., South Korea’s second-largest bulk carrier, won a bid to buy the Asia-U.S. business of the bankrupt Hanjin… Read More
K Line Group Introduces New Total Auto Logistics Business in Vietnam
K Line-Gemadept Logistics Co. (KGL), a joint venture between K Line and Gemadept Corporation which handles Total Logistics Services in… Read More
Global Banks Are Retreating From Lending to Shipping Companies
With international trade slowing, overcapacity plaguing ocean carriers, and freight rates hitting bottom, many banks are looking at the ocean… Read More
Foreign Firms to Invest $1 Billion in Iran’s Ports
Foreign firms are expected to make nearly $1 billion of investment in the country’s port and shipping industry. That, according… Read More
New Norwegian Shortsea Line
A newly established Norwegian shipping line, Viasea Shipping AS, started a container line between Rotterdam and the Oslofjord earlier this… Read More
Maersk and NYK Receive Negative Credit Reevaluations
The Moody’s rating agency has issued downgrade reviews on two global shipping companies, casting more uncertainty on an industry already… Read More
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