Ocean Transportation

Ocean Cargo Rates to Continue to Drop, Industry Losses to Mount in 2016, Report Says

January 8, 2016

Further widening of the supply-demand imbalance at the trade route level and insufficient measures to reduce ship capacity will lead to an acceleration of freight rate reductions and industry-wide losses in 2016, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

Rates for Ocean Cargo Continued to Sink in Last Quarter 2015

January 7, 2016

Drewry

Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.

CMA CGM Launches New Med Gulf Ecuador Service

January 6, 2016

CMA CGM

CMA CGM has launched a Med Gulf Ecuador (MGE) service, offering a direct connection between the Mediterranean Sea, Caribbean, Gulf of Mexico, Colombia and Ecuador.

Logistics Confidence Index Hits Lowest-ever Mark as Air, Sea Freight Shipments Slump

January 6, 2016

Transport Intelligence

With a score of 45.4, the December edition of the Stifel Index has recorded its lowest-ever total, amidst a continued pattern of decline.

CaroTrans Launches New Service Between Miami, Manaus

January 5, 2016

CaroTrans

CaroTrans, a non-vessel operating common carrier and ocean freight consolidator, has launched a direct, biweekly service between Miami, Fla. and Manaus, Brazil, for less-than-containerload exports.

Big Ships, Small Infrastructure: A Recipe for Disaster

January 4, 2016

Robert J. Bowman, SupplyChainBrain

By the time you read this, the largest containership ever to call a U.S. port will have visited the ports of Los Angeles and Oakland. It won't be the last. But will regulation and environmental pressures prevent carriers from developing the infrastructure needed to handle these seagoing behemoths?

AAL Enters Space-Sharing Pact in Asia-East Coast Australia Trade

January 4, 2016

AAL

The breakbulk, project and heavy-lift carrier AAL has entered into a space-sharing agreement with Swire Shipping in the Asia-to-East Australia liner service.

Sight Slippage in On-Time Performance Recorded Overall in November by Container Shipping Lines

December 28, 2015

Drewry

Containership reliability was broadly unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against October to 77.2 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Chinese Yards Help Iran Build Its Merchant Marine Fleet

December 21, 2015

Maritime Executive

Iran's Islamic Republic of Iran Shipping Lines (IRISL) has announced plans to order new 18,000 TEU (Triple-E type) container vessels from Chinese yards, according to Iran's Press TV.

In 2016, U.S. Seaports May See Modest Growth in Container Imports

December 21, 2015

Maritime Executive

Container volume at U.S. ports is expected to grow next year, but at a slower rate of three to four percent, down from five percent in 2015, says ratings company Moody's.

Ocean Transportation

The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.