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.
Improved Carrier Sentiment Signals Potential Rate Increase in Truckload Spot Market
A recent Bloomberg | Truckstop survey reveals that sentiment among North American carriers in the truckload spot market has improved… 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
Vietnam Responds to China with Spratly Air Upgrades
Vietnam is responding to China’s construction of military facilities in the Spratly Islands in the South China Sea by modestly… Read More
Ice Melt Heating Up Operations in Arctic
Disappearing sea ice in the Arctic Ocean is expanding navigable waters, so scientists sponsored by the Office of Naval Research… Read More
Taiwan Government to Provide $18 Billion to Prop Up Ocean Carriers
The government of Taiwan is planning to provide $17.57 billion to help locally-based shipping concerns survive the global downturn in… Read More
Chemical Tanker Attacked by Suspected Somali Pirates
The Operation Commander of the EU Naval Force (Somalia), Major General Rob Magowan, has reiterated the need for continued vigilance… Read More
Australia Brings Criminal Charges Against K Line
Australian authorities have brought criminal charges against the Japanese-based shipping company Kawasaki Kisen Kaisha (K Line) in relation to alleged… Read More
Record Containership Demolition
Containership demolition reach all time high and provides a positive surprise for the struggling container shipping industry. BIMCO has focused… Read More
Chances for Ice-Free Summers in the Arctic Increasing
Arctic sea ice, the vast sheet of frozen seawater floating on the Arctic Ocean, has been hit with a double… Read More
Disparity in SoCal Port Performance Continues
The Port of Los Angeles continued to shatter records for container volumes in October while its neighboring port on San… Read More
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