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
Sustainable Shipping
Fuel is a significant operating cost of any container carrier or other maritime vessel, so changes in fuel costs can… Read More
Salalah Announces New CMA CGM Service Calls
The port of Salalah, a gateway port and transshipment hub on the Arabian Sea, has announced that French-based CMA CGM… Read More
CMA CGM launches Mediterranean/Ecuador Service
CMA CGM has launched its new Med Gulf Ecuador service (MGE), offering a direct connection between the Mediterranean Sea, the… Read More
Maersk joins WTO’s Global Alliance for Trade Facilitation
The Maersk Group has joined the Global Alliance for Trade, an organization announced at the recent 10th WTO Ministerial Conference… Read More
FMC Collects $334,000 in Penalty Payments
Federal Maritime Commission Chairman Mario Cordero announced that the commission has completed compromise agreements recovering a total of $334,000 in… Read More
Engineering Officers Charged in Scheme to Cover Up Oil Discharges from Cargo Vessel
A federal grand jury in Greenville, North Carolina, has returned a nine-count indictment charging two engineering officers employed by Oceanfleet… Read More
Temasek’s Sale of NOL at Below Book Value Has Implications for Other Potential Sellers
The failure of Neptune Orient Lines, the parent company of the ocean carrier APL, to obtain a premium over book… Read More
Maritime, Air Cargo Interests Welcome Paris Climate Accord
The International Maritime Organization (IMO) and the International Air Transport Association (IATA) both welcomed the achievements of the 2015 Paris… Read More
Industry Coalition Offers Clarity On New Container Weighing Regulations
The World Shipping Council (WSC), the TT Club, the International Cargo Handling Coordination Association (ICHCA), and the Global Shippers’ Forum… Read More
Los Angeles to Host Largest Ship to Call in North America
The largest container ship ever to call at a North American port, the CMA CGM Benjamin Franklin, is scheduled to… Read More
AAL and Swire Shipping to Space Share on Asia to Australia Lane
To proactively combat economic challenges facing the Australasia region, breakbulk, project, and heavy lift shipping operator, AAL, has taken the… Read More
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