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.
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
CaroTrans Broadens European Import Service Network
CaroTrans, a leading global non-vessel operating common carrier and ocean freight consolidator, announced a new, direct Hamburg, Germany to Detroit,… Read More
Rickmers-Linie Carries Largest Siemens Gas Turbine to Turkey
A special loading operation has taken place in Bremerhaven, involving Rickmers-Linie’s MV RICKMERS HAMBURG, a 485-tonne Siemens gas turbine, a… Read More
Troy Container Line Announces Newly Expanded Service to Ireland
Troy Container Line, Ltd., one of the world’s largest NVOCCs, today announced the launch of its newly expanded export services… Read More
Far East-South America Rates Reach Bottom
Freight rates in the trades between the Far East and East Coast South America have fallen by 90 percent over… Read More
Is a New East-West Shipping Alliance in the Works?
A new mega alliance may be in the works. Alphaliner, an ocean shipping information company, is reporting that CMA CGM… Read More
IRISL Making a Comeback
After an absence of over six years, Islamic Republic of Iran Shipping Lines (IRISL) is making a comeback in the… Read More
Ship Captain Pleads Guilty to Felony Related to Pollution from Tanker Ship
The captain of the tanker ship T/V Green Sky pleaded guilty to a felony count in federal court in Charleston,… Read More
CMA CGM Deploys its Flagship Fleet Between Asia and the U.S. West Coast
The CMA CGM Group will deploy starting end of May its flagship fleet of six 18,000-TEU vessels between Asia and… Read More
Hapag-Lloyd Tests Better Networking Between Shipping Company and Terminals
As part of a pilot, Hapag-Lloyd will be the first shipping company to use an innovative, cloud-based stowage-planning software developed… Read More
CMA CGM Upgrades Fleet Serving French West Indies
CMA CGM, a global shipping group, has upgraded its service to the French West Indies. During the first quarter of… Read More
FMC Collects $520,000 in Penalty Payments
The Federal Maritime Commission has completed compromise agreements with four ocean transportation intermediaries recovering a total of $520,000 in civil… Read More
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