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.
Hapag-Lloyd Invests $4 Billion in 24 Dual-Fuel Containerships to Propel Decarbonization Goals
German shipping giant Hapag-Lloyd has committed to a $4 billion investment in 24 new dual-fuel containerships, ordered from China’s Yangzijiang… Read More
CargoSmart Launches Free Sailing Search Platform
CargoSmart Limited has announced last week the availability of Big Schedules, a new sailing schedule search platform that helps shippers… Read More
Neptune Orient Lines is Up For Sale
Temasek Holdings is putting its 65 percent stake in Neptune Orient Lines (NOL) on the market. Temasek, the Singapore sovereign… Read More
Hamburg Süd Returns to Port of Miami
One the world’s largest container shipping lines returned to the port of Miami. The arrival of the Hamburg Süd-chartered Catherine… Read More
Will FMC Regulate Terminal, Carrier Penalties?
The U.S. Federal Maritime Commission has signaled that will take up the regulation of demurrage and per-diem detention fees. The… Read More
Container Shipping Will be Lucky to Break Even in 2015
A mixture of overcapacity, weak demand and aggressive pricing is threatening liner shipping industry profitability for the rest of 2015,… Read More
Iran’s Maritime Sector: Sanctions Relief
Iranian shipping interests have been removed from the United States list of companies designated for sanctions and assets freeze. The… Read More
Jacksonville Welcomes Maersk Line’s First Ship
The port of Jacksonville, Florida, welcomed the first ship in Maersk Line’s new weekly service through the port’s Blount Island… Read More
CaroTrans Restarts Los Angeles-Rotterdam Service
Non-vessel operating common carrier (NVOCC) and ocean freight consolidator CaroTrans has resumed its direct, all-water Rotterdam to Los Angeles import… Read More
Under Armour Shipping Products to Baltimore
Sports apparel and footwear maker has decided to direct some of its shipments from China to the port of Baltimore… Read More
Top Global Container Carriers Dominate Market
Global container shipping is becoming increasingly concentrated among the top ocean carriers, according to a recent report from Drewry Maritime… Read More
G6 Alliance Adds New Halifax Call on Asia-N.A. Service
The G6 Alliance of ocean carriers announced a change to the service it provides between Asia and the East Coast… Read More
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