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

WWL to Pay $98.9 Million for Fixing Prices of Ocean Shipping Services for Cars and Trucks

Peter Buxbaum 8:09 AM  7/22/2016

Wallenius Wilhelmsen Logistics (WWL), a Norwegian corporation, has agreed to plead guilty and pay a $98.9 million criminal fine for… Read More

ZIM to Adopt INTTRA eVGM Service as Compliance Tool for New International Container Weight Requirement

Peter Buxbaum 9:35 AM  7/21/2016

ZIM Integrated Shipping Services, a leading container shipping carrier, and INTTRA, the world’s ocean shipping electronic marketplace, have announced ZIM’s… Read More

South China Sea: Uncertain Times for Shipping and Trade

Haylle Sok 2:38 AM  7/21/2016

Tension and uncertainty are nothing new in the South China Sea. From Chinese skirmishes with Vietnamese forces in 1974, to… Read More

German Shipping Company Pleads Guilty to Covering Up Illegal Dumping of Oily Waste Water into Great Lakes

Haylle Sok 5:05 AM  7/18/2016

The German shipping company MST Mineralien Schiffahrt Spedition Und Transport Gmbh, operator of the M/V Cornelia, has pleaded guilty to… Read More

Could Safety Concerns Undermine Economic Advantages of Expanded Panama Canal?

Peter Buxbaum 7:21 AM  7/15/2016

The Panama Canal’s third set of locks was inaugurated on 26 June, opening the waterway to some of the world’s… Read More

CMA CGM Takes Over Kingston Container Terminal

Haylle Sok 3:11 AM  7/15/2016

The government of Jamaica has divested the Kingston Container Terminal (KCT) to Kingston Freeport Terminal Limited (KFTL), a local company… Read More

BREAKING NEWS: Hyundai Merchant Marine Signs On To 2M Alliance

Peter Buxbaum 6:56 AM  7/14/2016

Following agreements with bond-holders to adjust debt and shipowners to adjust charter rates, Hyundai Merchant Marine (HMM) announced today that the… Read More

June Set Record Low for Average Arctic Sea Ice

Peter Buxbaum 4:02 AM  7/14/2016

For those waiting the advent of regular cargo shipping across an Arctic Ocean route, data collected last month brought welcome… Read More

Container Carriers Commit to European Commission on Price Transparency

Peter Buxbaum 3:25 AM  7/14/2016

The European Commission has adopted a decision that renders legally binding the commitments offered by 14 container liner shipping companies…. Read More

Port Welcomed Largest Container Ship Ever To Call On New York/New Jersey

Peter Buxbaum 8:50 AM  7/13/2016

The Port Authority of New York and New Jersey and GCT USA welcomed the captain and crew of the MOL… Read More

Maersk Containership Ran Aground in Suez Canal

Haylle Sok 7:43 AM  7/12/2016

A Maersk Line container vessel, number 13 in a southbound convoy of 33 vessels, in the Suez Canal, ran aground… Read More