The container shipping industry is undergoing a historic wave of consolidation as carriers seek to tighten supply to offset the historical drop in pricing.
Currently, containers, ships and other intermodal transport assets such as chassis and gensets are mainly what we call "dark, dumb and disconnected." What this means is that we really don't know much about them. They are not self-aware, we can't see them, and they can't tell us about their actions and status.
Cheaper production and material costs as well as weaker demand have driven the price of new container equipment down to record lows and is forecast to fall further during 2016, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
A wave of cargo cancellations from the U.S. is putting additional pressure on Very Large Gas Carrier rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
A steep rise in refinery capacity in the Middle East, the world's crude oil production hub, will diminish oil trade growth and with it prospects for tanker shipping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Iran, Russia and India have revived long-stalled discussions on a multimodal North-South Transportation Corridor linking Mumbai to the port of Bandar Abbas to Moscow. The 4,000-mile route would bypass the Suez Canal, cutting weeks off of the sea route from the Arabian Sea to the Baltic.
August should be the busiest month of the year for import cargo volume at the nation's major retail container ports now that retailers have stocked up for back-to-school and are getting a head start on holiday season merchandise. That's according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates, which said cargo volume for 2016 should end the year with a 1.6 percent increase over last year.
With the goal of building up a worldwide network of medium-sized freight forwarders, BuyCo For Growth sought a link to ocean carriers that would provide instant access to schedules, rates and other data critical to the movement of its customers' cargo.
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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