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.

The World’s Largest Cargo Ship Makes Impressive Arrival in Britain

Britain’s largest and busiest container port, the Port of Felixstowe, witnessed a remarkable event as the MSC Loreto, one of… Read More

CMA CGM Completing Acquisition of NOL

Peter Buxbaum 6:05 AM  7/6/2016

CMA CGM announced last week that it crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL). Following… Read More

LPG Tanker Transits Expanded Panama Canal

Haylle Sok 4:17 AM  7/6/2016

The liquefied petroleum gas (LPG) tanker Lycaste Peace, owned by Japanese shipping company Nippon Yusen Kaisha (NYK Line), transited the… Read More

Drewry Finds Six-Month High for Ocean Carrier Reliability

Peter Buxbaum 7:03 AM  7/5/2016

Ocean carriers achieved a six-month high for liner service reliability in May, according to Drewry Supply Chain Advisors. The on-time… Read More

Inauguration Of Expanded Panama Canal Heralds New Era Of Global Trade

Peter Buxbaum 6:27 AM  7/5/2016

The expanded Panama Canal officially opened for business on June 26. During an official inauguration ceremony, Panamanian President Juan Carlos… Read More

Federal Maritime Commission Adopts Measure to Ease SOLAS Compliance

Peter Buxbaum 3:04 AM  7/4/2016

The Federal Maritime Commission has voted unanimously to allow the Port Operations and Safety Discussion Agreement (FMC Agreement No. 201233)… Read More

Survey Reveals Global Ocean Shipping Volume Uncertainty

Peter Buxbaum 7:08 AM  7/1/2016

Shippers appear to be expecting a peak shipping season this year that is anticlimactic. According to a survey released by… Read More

The Internet of Things in Supply Chain and Logistics

Peter Buxbaum 6:03 AM  7/1/2016

As supply chains are strained under competition, technology is proving to be a valuable differentiator and competitive advantage. In a… Read More

Far East–North Europe Freight Rates are Recovering

Peter Buxbaum 9:55 AM  6/30/2016

The container shipping market is staging a small recovery, with short-term rates rising, suggesting long-term costs could soon follow suit…. Read More

Hapag-Lloyd Connects with INTTRA eVGM Service

Haylle Sok 5:21 AM  6/30/2016

Liner shipping company Hapag-Lloyd is connecting with the INTTRA eVGM Service for facilitating compliance with new International Maritime Organization container… Read More

Ship Owner, Operator, Engineers Convicted in Federal Court

Peter Buxbaum 12:18 PM  6/29/2016

The companies that own and operate a Greek shipping vessel and two engineers from the ship were convicted in U.S…. Read More

FMC Chair Urges Ocean Carriers to Accept ‘Straight Line’ to VGM Compliance

Peter Buxbaum 9:33 AM  6/28/2016

With the implementation date for new container weighing requirements around the corner, Mario Cordero, chairman of the Federal Maritime Commission,… Read More