In many ways, the fateful episode of the Costa Concordia provides a metaphor for the international shipping industry as a whole. Its image is hardly the best. Huge tankers plying the sea, belching noxious gases into the air from low-grade crude and pumping out invasive species when emptying their ballast-water tanks on shore. Oh, and a catastrophic oil spill every now and then. But that's not the whole story.
Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4tr in the next two decades, driven by demand in India and China and global growth among low-fare airlines.
For the first time ever, a bulk carrier is using the Northwest Passage as a transit trade lane, when transporting coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25 percent compared to the Panama Canal. Nordic Bulk Carriers A/S, the Danish pioneer, is once again behind the new business adventure.
Worldwide perishable reefer trade increased by 52.1 million tonnes between 2002 and 2012, which represents a combined annual growth rate of 3.6 percent, according to Drewry's latest Reefer Shipping Market Annual Review and Forecast.
Seaborne perishable reefer cargo has increased by a CAGR of 3.3 percent (25.6 million tonnes) from 66.8 million tonnes in 2002 to 92.4 million tonnes in 2012.
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has launched a direct weekly export service, handling both less-than-containerload (LCL) and full-containerload (FCL) cargoes, from Houston to Rio de Janeiro, Brazil.
The International Air Transport Association (IATA) revised its 2013 global industry outlook downwards to $11.7bn on revenues of $708bn. Airline performance continued to improve in the second quarter, but at a slower pace than was expected with the previous projection (in June) of $12.7bn. This reflects the impact on demand of the oil price spike associated with the Syrian crisis and disappointing growth in several key emerging markets.
U.S. imports in August are the second-highest month for twenty-foot container volume in 2013, according to Zepol, a trade intelligence company. The United States imported nearly 1.61 million TEUs in August, which is 5% less than July's 1.69 million, but a half a percentage higher than August of last year.
Sharjah-based Gulftainer is expected to record a volume increase of 30 percent in 2013. The group is continuing to expand its global footprint, with the June takeover of the Gulf Stevedoring Contracting Company (GSCCO) in Saudi Arabia acting as the major driver.
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.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.