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
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
Hapag-Lloyd Purchases Two Ships and Further Optimizes its Fleet
Hapag-Lloyd has taken delivery of two modern 3,500-TEU ships with a special wide-beam design from the Dutch shipping company NileDutch…. Read More
Hapag-Lloyd Registers Considerable Increase in Incorrectly Declared Dangerous Goods
Ocean carrier Hapag-Lloyd registered considerably more incorrectly declared dangerous goods last year, compared to 2014. The Watchdog program developed jointly… Read More
MOL Receives Letter of Appreciation for Transporting Used Wheelchairs for Children in Philippines
Mitsui O.S.K. Lines, Ltd. (MOL) has received a letter of appreciation from the Jesus V. Del Rosario Foundation, Inc. for… Read More
Optimarin to Retrofit World’s Only Purpose Built Monohull Accommodation Vessel
Optimarin has won a contract to install its Optimarin Ballast System (OBS) on Østensjø Rederi’s Edda Fides, the world’s only… Read More
NTSB to Launch Second Search Mission to EL FARO
The National Transportation Safety Board announced Thursday that it would launch a second expedition to search for evidence in its… Read More
Containers to be Weighed Before Departure
The Danish Maritime Authority (DMA) has announced that effective July 1, 2016, packed shipping containers must be weighed before loading…. Read More
ZIM Announces Organizational Restructuring
ZIM Integrated Shipping Services Ltd. presented an extensive program to change its organizational structure earlier this month. The change is… Read More
CaroTrans Announces a Strategic Alliance With Thrutainers International in South Africa
CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has entered into a partnership with Thrutainers… Read More
Taiwan President Honors Evergreen Founder Dr. Chang Yung-Fa
Taiwan President Ma Ying-jeou honored Evergreen Group founder Dr. Chang Yung-Fa with a posthumous commendation in recognition of his contributions… Read More
The Largest Ship Ever to Call at U.S. Port is on Her Way Back to the U.S.
The CMA CGM BENJAMIN FRANKLIN successfully completed her Chinese calls by leaving the port of Yantian on Thursday, February 4…. Read More
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