Just as southern California is the nation's top magnet for containerized cargo, so is the Gulf Coast the most attractive hub for movements of petrochemicals. Led by Houston and New Orleans, petrochemical activity is thriving due in no small part to growth in refining activity and an abundance of cheap natural gas.
The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in earnings anticipated over the next two years, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
The U.S. government is taking steps to allow for larger post-Panamax-sized vessels along the lower Mississippi River as the date for the opening of the expanded Panama Canal draws closer.
Chief of Navy for Singapore, Rear-Admiral Lai Chung Han, told local news sources that Singapore, Malaysia and Indonesia are in discussions to increase patrols in the lower areas of the South China Sea, the areas most affected by the recent influx of maritime piracy.
Import cargo volume at the nation's major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The United States is on track to saturate the global energy market with liquefied natural gas (LNG) exports by as early as this year, putting itself on course to become one of the world's largest LNG suppliers.
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has launched a weekly less-than-containerload (LCL) service from New York to Helsinki, Finland, a hub for consolidations into northwestern Russia.
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.
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