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
World’s First Official Test Bed for Autonomous Shipping Opens in Norway
An area of the Trondheimsfjord in northern Norway was designated as an official test bed for autonomous shipping by the… Read More
Slovenian Company Integrates With INTTRA’s Electronic Ocean Shipping Services
INTTRA, the world’s ocean shipping electronic marketplace, and TRINET Informatika, a leading provider of software applications in the area of… Read More
Drewry Issues Red Alert—Risk of Carrier Failure Still High
There is still much work to be done to clean up the logistical chaos created by Hanjin’s bankruptcy, but even… Read More
Shipyards—Next Victim of Deteriorating Market Conditions
Shipyards are looking to become the next victim of the deteriorating conditions in the dry bulk, container, and offshore markets… Read More
Could Hanjin Bankruptcy Have Been Avoided?
As South Korea’s Hanjin Shipping Co. continues its struggle for survival, the company’s chairman and CEO claims bankruptcy protection might… Read More
CargoSmart Introduces Mobile App for SOLAS VGM Compliance
CargoSmart Limited has introduced BoxSnap, a free app to collect and share container weight information through a smartphone. The app… Read More
Dry Bulk Shipping: Poor Freight Rates Persist
Growth in dry bulk commodity imports into and exports out of China in the first half of 2016 are “nothing… Read More
Remembering El Faro
It has been one year since the tragic loss of the cargo ship El Faro and her 33 crew members…. Read More
Should Shippers Be Negotiating Their Rates Upwards?
It sounds absurd that shippers might want to negotiate with ocean carriers for higher rates than those found in their… Read More
Shipping Lines Slowing Down in Santa Barbara Channel
The partners in an initiative to cut air pollution and protect whales announced today that 10 shipping companies are participating… Read More
COSCON Joins eVGM Network
COSCO Container Lines, Asia’s largest containership operator, and INTTRA, the world’s ocean shipping electronic marketplace, announced that COSCON has adopted… Read More
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