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
Panama Canal Records Third Highest Annual Cargo Tonnage
At the close of the 2016 fiscal year, the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its… Read More
Rickmers-Linie Loads Record Number of Transformers in Rijeka
Rickmers-Linie’s multipurpose vessel RICKMERS TOKYO is now the record holder for the largest single shipment of transformers from the port… Read More
U.S. Elections: Bad News for Container Trades No Matter Who Wins
As a bitter and bizarre presidential election fight in the United States draws to a close, the maritime consultancy Drewry… Read More
Kuehne + Nagel Enhances Global Freight Rate Management
Kuehne + Nagel, the global freight forwarder, has signed up to implement the CargoSphere Rate Technology Platform across its entire… Read More
Priorities for Leaving the European Union
Leaving the European Union will not change many of the UK’s greatest strengths: its time zone, common law, English language,… Read More
Vessel Demolitions: Growing Slowly but Steadily
Global vessel demolition activity rose by 16 percent in the first nine months of 2016 in comparison to the same… Read More
Thinking Inside the Box
Transportation service provider ATS International has launched what the company calls the next generation in container shipping: a hybrid shipping… Read More
Stifel Index: Logistics Confidence Still Down
The Stifel Logistics Confidence Index remained below the neutral mark but noted a slight improvement against the previous month. The… Read More
OCEAN Alliance Sets Out Network
Members of the OCEAN Alliance—COSCO Container Lines, CMA CGM, Evergreen Line, and Orient Overseas Container Line—signed a document yesterday entitled… Read More
German Shipping Corporations Convicted of Environmental Crimes
Two German shipping companies that owned and operated the Motor Vessel (M/V) Nils B, pleaded guilty today to an environmental… Read More
Ship’s Owner and Operator Sentenced for Violating Pollution Laws
The companies that own and operate a Greek shipping vessel were sentenced in U.S. District Court in Seattle last week… Read More
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