Ocean Transportation

NOL Agrees to Sell APL Logistics to Kintetsu World Express

February 25, 2015

Neptune Orient Lines Limited has agreed to sell its logistics arm, APL Logistics Ltd., to Kintetsu World Express, Inc. for $1.2bn.

Four-Year Low in Container Shipping Rates Hits Intra-Asian Trades

February 23, 2015

Drewry

Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to the Container Freight Rate Insight which is updated weekly and published by global shipping consultancy Drewry.

Asia Pacific: Conscientious Producers and Savvy Consumers

February 20, 2015

Tim Foster, Managing Director, Asia-Pacific, Chainalytics

Success in the global economy requires a shift in strategic vision of the Asia-Pacific region's role in supply chains. While it is no secret that an end to low-cost production in Asia is in sight, smart companies are studying the complexity of APAC region and gaining insight into the roles each country plays in the quickly evolving economic horizon. But visibility into where APAC is today isn't enough; forecasting where it will be next year, five years from now, and further into the future are key to positioning supply chains now for ongoing optimization.

Dry Bulk Shipping Rates Expected to Bounce Back This Year

February 20, 2015

Drewry

Strong trade growth, moderating fleet development and deployment of new fuel-efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.

Kintetsu World Express Looks to Gobble Up APL Logistics

February 20, 2015

Maritime Executive

Japanese freight carrier Kintetsu World Express Inc. is buying Singapore's APL Logistics for $1.2bn, paying a higher than anticipated price for an overseas deal at a time of slow domestic growth.

On-time Reliability of Ocean Cargo Liners Sank to Record Depth in January, Report Says

February 19, 2015

Drewry

Liner service reliability fell to a record low in January as the effects of U.S. West Coast congestion and the phasing-in of new alliance services took their toll, according to the Carrier Performance Insight, published online every month by global shipping consultancy Drewry.

Report Sees Dramatic Increase of Ship Pollutants Fouling 'High Arctic' Over Next Ten Years

February 17, 2015

Maritime Executive

At current fuel sulfur levels, pollutant emissions from ships in part of the Arctic region could increase 150 to 600 percent by 2025, according to a report from the International Council of Clean Transportation.

Ship Owners Get Guide on Heavy-lift, Project Cargo Safety

February 13, 2015

BIFA

The UK P&I Club has joined forces with leading marine cargo insurer Allianz Global Corporate & Specialty to publish practical guidance for ship owners and operators on how to carry heavy-lift and project cargo safely at sea.

Bankruptcy Looms as Bulk Carriers' Earnings Take Hit

February 13, 2015

Maritime Executive

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slid to an all-time low on Monday as sluggish cargo demand - especially from China - battered sentiment.

China Plans to Build Hong Kong 2.0

February 12, 2015

Maritime Executive

China is planning to build a second Hong Kong city in Nansha, a district in southern China's Guangdong province.

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.