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
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
APL Guam Makes Maiden Call in Guam on New Year’s Day
On January 1, 2016, the APL Guam arrived at the island of Guam for the first time. The event marked… Read More
CMA CGM BENJAMIN FRANKLIN Departed Oakland After Completing Maiden Calls to U.S. Ports
The CMA CGM BENJAMIN FRANKLIN successfully completed its maiden calls to the U.S. by berthing in the Port of Oakland… Read More
Taiwanese Companies in Multimodal Alliance
China Airlines, Yang Ming Marine Transport Corp., and the state-owned Chunghwa Post Co. have signed a memorandum of understanding to… Read More
First Export Load From Gulf Coast of U.S. Crude Loaded
A 600,000 barrel cargo of domestic light crude oil was loaded at the Enterprise Hydrocarbon Terminal (EHT) on the Houston… Read More
Panama Canal Expansion 96 Percent Complete
The Panama Canal Authority (ACP) announced that the first-ever expansion of the 101-year old waterway is 96 percent complete. An… Read More
European Commission Wants Greece to Better Target Support Measures in Maritime Sector
The European Commission has sent to Greece a set of proposals to ensure that state support to the maritime sector… Read More
Breakbulk Shipping Market to Remain Weak Until 2017
Although demand growth is expected to recover next year after a very poor 2015, and supply growth is likely to… Read More
Coast Guard, Industry Navigate Future of Liquefied Gas
Senior Coast Guard leaders and liquefied-gas-industry experts from around the country came together the second week of December to prepare… Read More
Are U.S. West Coast Ports Ready for Ultra-Large Container Vessels?
In its latest issue of Container Insight, Drewry Maritime Research questions whether U.S. West Coast ports are ready to handle… Read More
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