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.
St. Louis Regional Freightway Unveils $8 Billion Priority Projects List for 2025
The St. Louis Regional Freightway has announced its 2025 Priority Projects List, which includes 27 projects with a total investment… Read More
Don’t Expect Huge Cargo Surge at U.S. East Coast Ports
The new set of locks at the Panama Canal opened for business on June 26 with the 9,476-TEU Cosco Shipping… Read More
Maersk Line Reroutes Asia-U.S. East Coast Service
Maersk Line will transform its TP12 service into a standalone, around-the-world service that provides significantly faster transit times between Far… Read More
What Does Brexit Means for UK Shipping?
International maritime trade faces new opportunities and challenges, both in the run-up to the UK leaving the European Union (expected… Read More
NYK Line Chooses INTTRA eVGM Service to Facilitate Compliance with SOLAS
The ocean carrier NYK Line has joined the rapidly growing INTTRA eVGM network for facilitating compliance with new container weight… Read More
Maersk Line Signs Carbon Pact in Asia
Maersk Line has signed a five-year carbon reduction pact with Huawei Technologies, a global telecommunications solutions provider and the world’s… Read More
Hapag-Lloyd and UASC sign Business Combination Agreement
Hapag-Lloyd and United Arab Shipping Company (UASC) have signed a long-expected business combination agreement to merge both companies. Besides the… Read More
Evergreen Line Expands Far East Cargo Services at PortMiami
Evergreen Line has chosen PortMiami for its expanded cargo services from the United States Atlantic Coast to the Far East… Read More
Shipping Emissions Kill
East Asia has being heavily affected by the rise in shipping activities in the region, and has led to thousands… Read More
A Foreshadowing of Things to Come?
A neopanamax containership was reported to have bumped into the wall of one of the new locks of the expanded… Read More
South Carolina Ports Authority Welcomes 8,500 TEU Vessel
The South Carolina Ports Authority (SCPA) welcomed last week the Hannover Bridge, first neopanamax size vessel to call Charleston after… Read More
WWL to Pay $98.9 Million for Fixing Prices of Ocean Shipping Services for Cars and Trucks
Wallenius Wilhelmsen Logistics (WWL), a Norwegian corporation, has agreed to plead guilty and pay a $98.9 million criminal fine for… Read More
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