LCL Logistix, the Indian member of the FPS network of independent freight forwarders and non-vessel operating common carriers, has launched a new less-than-containerload service from India to the Baltics and Commonwealth of Independent States.
On March 11, 2011, a tsunami off the coast of Japan caused human tragedy on a massive scale, killing thousands and rendering more than half a million homeless. The tsunami also wreaked havoc on business supply chains worldwide. Toyota and Honda experienced a 30-percent and 60-percent decline in profit, respectively, which both attributed to production lags caused by limited supplies of parts after the tsunami. The tsunami caused an estimated $40bn in economic losses due to interruptions in global supply chains.
The U.S. Coast Guard announced the acceptance of nine ballast water treatment systems as Alternate Management Systems (AMS) in compliance with the service's March 2012 final rule for Standards for Living Organisms in Ships' Ballast Water Discharged in U.S. waters.
Inttra, a global, multi-carrier shipping network for ocean freight, is now offering its shipper members access to cargo insurance from Lloyd's of London broker FP Marine Risks.
An expanded Panama Canal will result in a smaller number of North American air cargo centers, according to the recently released North American Port Analysis by commercial real estate firm Colliers International. The report, titled "CapEx or Capsize," says air cargo's role in global trade will be defined by the tug-of-war between energy/infrastructure costs and e-commerce growth in the first post-Panamax decade, from 2015 through 2025.
By recently taking charge of the Gwadar port in Pakistan, China has increased its presence in Southern Asia's port sector, much to the concern of the Indian Government.
Maersk has announced an investment into biomass research in a bis to reduce its bunker fuel consumption. According to the company, which has an annual fuel bill of $7bn, there has been no prior research into the possibility of using biomass in the shipping industry.
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.