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.
Virginia and Baltimore Companies Unite to Solve Shipping Challenges Post-Bridge Collapse
Following the collapse of the Francis Scott Key bridge in Baltimore, companies from Virginia and Baltimore have banded together to… Read More
Union of Greek Shipowners Disagrees with European Commission on Taxation Issues
The Union of Greek Shipowners has responded to the European Commission’s recently published decision alleging that some provisions of the… Read More
Cargotec Acquires Maritime Software Company
Cargotec Corporation has agreed to acquire INTERSCHALT maritime systems AG, a specialist software and related service provider to the maritime… Read More
Turkish Ship Management Company and Two Employees Plead Guilty to Environmental Crimes
Ciner Gemi Acente Isletni Sanayi Ve Ticaret S.A., a ship management company in Turkey, pleaded guilty and was sentenced in… Read More
Demand Drives Expansion of ZIMonitor Reefer Inventory
ZIM Integrated Shipping Services has expanded its refrigerated container inventory in response to an increased shipper demand for its ZIMonitor… Read More
Amazon Now Moving Into Ocean Shipping
A Chinese affiliate of Amazon.com has registered as an ocean freight forwarder with the U.S. Federal Maritime Commission, Bloomberg News… Read More
Port Bronka and CMA CGM Sign Long-Term Agreement for Container Cargo Handling
Port Bronka, on the outskirts of St. Petersburg, Russia, and CMA СGM, the France-based container shipping giant, have signed a… Read More
EC Funding Green Lights Ambitious Maritime Energy Efficiency Project
An ambitious International Maritime Organization (IMO) project to establish a global network of Maritime Technology Cooperation Centers (MTCC) in developing… Read More
Auto Carriers Accused of Bid Rigging and Price Fixing Before Federal Maritime Commission
The Federal Maritime Commission has received a Class Action Complaint filed by Cargo Agents, Inc., International Transport Management, Corp., and… Read More
GT USA Announces New Container Service Connecting Port Canaveral to Central America and Europe
GT USA has announced the launch of the new Blue Stream weekly container cargo service connecting Port Canaveral to Europe,… Read More
MOL Line CEO Reflects on Progress, Outlines Challenges for 2016
MOL’s corporate climate is changing for the better, even if the ocean shipping business still faces severe challenges. That was… Read More
Matson Modifies Transpacific China Service
The Matson Navigation Company’s recent decision to discontinue its expanded China – Long Beach Express service was motivated by sustained… Read More
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