Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18 percent between February and May, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.
Still confused about what shippers must do to comply with that new regulation on the weighing of loaded containers at ports? You've got plenty of company.
Import cargo volume at the nation's major retail container ports is expected to be mostly down through the summer but should see a significant uptick just before the winter holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
CaroTrans, a global non-vessel operating common carrier, is launching a new, weekly less-than-containerload (LCL) service between Busan, Korea and Atlanta.
Shipping companies transporting coal, iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business.
The restructuring of China's economy, the world's second-largest, is among five trends that will likely affect the world of maritime shipping, says Richard Clayton, chief maritime analyst at IHS Maritime & Trade.
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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