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
Danish Maritime Authority Embarks on Unmanned Ship Venture
The technology for unmanned ships is coming, but it is not yet known precisely where, when and to which extent…. Read More
LNG: Alternative to Heavy Fuel Oil for Maritime Transportation
CMA CGM and ENGIE have signed a memorandum of understanding to promote LNG as the marine fuel for tomorrow’s container… Read More
BREAKING NEWS: OCEAN Alliance Approved by FMC
The Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on… Read More
BREAKING NEWS: Hanjin to Close European Operations
Hanjin Shipping Co. has won approval from a court in South Korea to wind down its European operations. Demand for… Read More
Seeking Phase-Out of Heavy Fuel Oil in the Arctic
A coalition of environmental NGOs calls for phase-out of use of heavy fuel oil (HFO) for Arctic shipping at an… Read More
Shipping Industry United in Seeking Further Progress on CO2
In advance of the meeting of the Marine Environment Protection Committee (MEPC 70) at the International Maritime Organization (IMO) starting… Read More
Piracy in Asia Down Significantly This Year
There has been a significant improvement in the situation of piracy and armed robbery against ships in Asia during January-September… Read More
Transpacific Service to Resume—But Without Maersk
A transpacific ocean container service initiated to help with the shortfall of capacity in the wake of the Hanjin failure… Read More
Drewry: Container Shipping Has Bottomed Out
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet… Read More
Mexican Navy Finds Cocaine on Containership
The containership Kota Lukis of Singapore Pacific International Lines was berthed at the Port of Manzanillo, in Mexico, last Saturday,… Read More
Maersk Defends Use of Dangerous Scrapping Yards—Then Scraps Plan to Use Them
Maersk responded to criticism of its use of controversial Indian and Bangladeshi scrapping yards by stating it is encouraging an… Read More
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