Independent specialist advisors Drewry and global forwarder network The WACO System have expanded their cooperation agreement to include exchanging and sharing market intelligence in the air cargo market.
Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organization TSA said on Wednesday.
Maersk and MSC have reacted to China's objections to the proposed P3 alliance by coming up with a new vessel sharing arrangement called 2M that they hope will be agreed by all regulatory authorities before the beginning of next year. Out has gone CMA CGM, in order to bring the agreement's market share down to more acceptable levels, and in has come a much simpler joint coordination committee to monitor the carriers' network on a daily basis.
A Nicaraguan committee approved a proposed route on Monday for a $40bn shipping channel across the Central American country that would compete with the Panama Canal.
Drewry's 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates.
Importers and exporters were holding their collective breath last week, praying that negotiations for a new West Coast longshore labor contract wouldn't result in a temporary shutdown of the ports. But service providers were just as concerned about what happens if they stay open.
CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced SSM+, a new version of its sailing schedules application for Android and iPhone.
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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