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
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
FMC Collects $338,000 In Penalty Payments
The Federal Maritime Commission has completed compromise agreements recovering a total of $338,000 in civil penalties. The agreements were reached… Read More
Moody’s Places Maersk’s Credit Rating on Review
Moody’s Investors Service has today placed on review for downgrade the Baa1 issuer rating of Denmark-based shipping and oil company… Read More
Hyundai Merchant Marine Adopts INTTRA’s eVGM Solution
Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world’s ocean shipping electronic marketplace, by adopting the… Read More
Agility joins Maersk Line Carbon Pact
Agility Logistics, a global logistics provider, signed an agreement with Maersk Line, to cut CO2 emissions by 15 percent per… Read More
Maersk Line Orders New Reefer Containers
Maersk Line’s 2016 investments in new reefer container equipment are adding 14,800 reefers to the world’s largest reefer fleet of… Read More
BREAKING NEWS: Port Condition X-Ray Set for South Florida Ports
The U.S. Coast Guard captain of the port (COTP) set port condition X-ray for Port Miami, Miami River, Port Everglades,… Read More
What Next for THE Alliance?
The container shipping industry is in a state of flux and nobody can say they know for certain what the… Read More
Another Shipping Insolvency: Rickmers Maritime Trust
Hanjin isn’t the only player in the ocean shipping world that has become insolvent. Rickmers Maritime Trust (RMT), a Singapore-listed… Read More
Alphaliner: Impact of Hanjin Capacity Withdrawal Will be Short-Lived
Fears of capacity shortages in the wake of Hanjin’s collapse have faded, according to a recent report from the research… Read More
NAVTOR Takes Maritime Lead for EU Autonomous Vessel Project
NAVTOR is to spend the next three years helping the EU chart a route towards autonomous vessels. The Norwegian firm,… Read More
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