A message to shippers who have been paying rock-bottom rates for truck transport over the last couple of years: next year, that ride is likely to come to an end.
More than a month after major Korean freighter line Hanjin shut down due to financial issues, the effects are still being felt by retailers in terms of shipment delays from Asia.
This week, the world's largest exercise for unmanned vehicles in the marine environment begins in waters off north-west Scotland, according to the United States Navy's Office of Naval Research.
The Panama Canal Authority (ACP) has issued a request for proposals to the four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, in the Pacific entrance of the Panama Canal.
The last three months have been some of the worst the multipurpose and project carrier sector has endured in years. The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve significantly until the end of 2017, according to a recent report published by global shipping consultancy Drewry.
Amidst shockwaves emanating from last month's news of the bankruptcy filing of Hanjin Shipping came speculation of a potential silver lining for air cargo carriers. Would the scramble for cargo originally booked on Hanjin vessels provide a windfall for airlines, with a surge in demand to drive up rates and yields?
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has begun a direct, weekly LCL service from Atlanta to Nhava Sheva, India to address increased demand from the U.S. Southeast and Gulf regions.
The U.S. Customs and Border Protection has expanded its fast clearance plan for ocean freight, the Advanced Qualified Unloading Approval (AQUA Lane) program, which started with a pilot test in four ports late last year.
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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