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Articles Tagged with ''Logistics Management: Ocean Transportation''

Ocean Shipping Industry's Fortunes Rise - and Fall - on Business With China

February 17, 2016

Shipbuilders, container lines and port operators feasted on China's rise and the global resources boom. Now they're among the biggest victims of the country's slowdown and the worldwide decline in demand for oil rigs and other gear amid the oil price plunge.

Tianjin Port Explosion May Rank as Worst Marine Insurance Disaster

February 9, 2016

Maritime Executive

Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.

Continued Battering Seen for LNG Shipping Industry Profitability

February 4, 2016

Drewry

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.

GAC Group Upgrades Portal for Ship Agency Customers

February 3, 2016

GAC Group

GAC Group has enhanced its GACtrack portal to provide greater job transparency and control to ship agency customers

CMA CGM Becomes Latest Western Shipping Company to Strike Deal With Iranian Ocean Cargo Line

February 2, 2016

Maritime Executive

French firm CMA CGM, the world's third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL).

'Drastic' Measures Needed if Dry Bulk Shipping Is to Become Profitable Again

February 1, 2016

Drewry

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

Projected 4.6 Percent Growth in Container Ship Capacity Is 'Slowest' Rate in More Than 25 Years

January 29, 2016

Maritime Executive

Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday.

Chinese Unit of Amazon Wants to Enter Ocean Freight Forwarding

January 20, 2016

Maritime Executive

Amazon.com's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.

Ocean Shipping Industry Should Be Taxed on Carbon Output, IMF Urges

January 15, 2016

Maritime Executive

A report released this week by the International Monetary Fund (IMF) states that carbon taxes should be levied against the shipping industry.

SeaLand Launches Service Between Gulf of Mexico, U.S. East Coast

January 13, 2016

SeaLand

SeaLand, an ocean carrier specializing in the intra-Americas market, has created a service between the Gulf of Mexico and the eastern and central regions of the U.S.