Ocean Transportation

Pessimistic Forecasts: Stifel Logistics Confidence Index Declines Further

November 30, 2016

The Stifel Logistics Confidence Index - which measure logistics industry outlook - has reached its 14 consecutive months of negative confidence, with the numbers suggesting this will continue into 2017. As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time.

LNG Engines Could Be Stepping Stone to Fuel Cells

November 30, 2016

Maritime Executive

The growing adoption of hybrid electric powertrain systems and the projected growth in the number of vessels burning liquefied natural gas as fuel, could lead to wider adoption of fuel cells with LNG-fuelled engines becoming the stepping stone for the wide adoption of LNG-fuelled fuel cells as prime movers.

Hanjin Shipping Sells Part of Container Ship Business for $31M

November 30, 2016

The New York Times

South Korea's Hanjin Shipping Co Ltd said last week it decided to sell part of its container ship business to Korea Line Corp for 37bn Korean won ($31m).

Report: Fuel Smuggling Caused Shipbreaking Blast

November 28, 2016

Maritime Exceutive

An official inquiry into the explosion on the scrapped FPSO Aces confirmed that the massive blast was caused by hundreds of thousands of gallons of petroleum products on board. The inquiry, as reported by local media, said that about 375,000 gallons of fuel and 425,000 gallons of lubricants were on board the vessel.

Construction Boom Could Boost Demand for Met Coal

November 23, 2016

Environmental Leader

Businesses that transport their goods via the highways, railways or the airways are likely to see an expansion of the nation's infrastructure. That's good news not just for companies that want to move their products in the most efficient manner possible. It may also be good news for a subset of the coal sector that produces so-called metallurgical coal for steelmaking.

Hanjin Shipping Receivership: Hyundai Loses Bid

November 21, 2016

Maritime Executive

South Korea's Korea Line Corp was picked as the preferred bidder to buy troubled shipping company Hanjin Shipping Asia-U.S. operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court overseeing Hanjin Shipping's receivership said last week.

U.N. Shipping Sector Wants Climate Commitments by 2018

November 17, 2016

Maritime Executive

At the United Nations climate change conference (COP22) in Morocco, the International Chamber of Shipping's director of policy said that industry wants to see climate change commitments made at the International Maritime Organization (IMO) by 2018, with an enforcement mechanism to follow after.

Stores Hustle to Get Holiday Goods As Fallout From Hanjin Mess Continues

November 16, 2016

The Los Angeles Times

The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company's sudden collapse two months ago. But in its wake, the giant shipping line has left a mess that retailers across the country will be sorting out for weeks.

Freightos Launches Freight Rate Calculator for Real-Time Market Access

November 16, 2016

Freightos

Logistics technology company Freightos has announced the launch of its freight rate calculator, a tool that taps into international market rates to offer real-time FCL, LCL, air and trucking door-to-door freight estimates. The calculator is currently being launched as a public beta, Freightos says.

Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say

November 15, 2016

The New York Times

Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd, top shipping executives said.

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.