Too many ships, too much rate discounting, and too many service providers for the market to support: the outlook for ocean carriers is "pretty bleak indeed."
Maersk Line marked the introduction of its first direct service from Northern Europe to Cuba on April 22 when a 2,556-TEU container vessel arrived in the Port of Mariel, 30 miles from Havana.
We live in a digital world that is evolving at breakneck speed. Unfortunately, rapid change can bring problems, issues and chaos, and the maritime world is not exempt from the potential downsides of technology's evolution.
Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes.
Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The U.S. is served by publicly - and privately-owned marine facilities located in approximately 360 commercial sea and river ports. These are found along the Atlantic, Pacific, Gulf and Great Lakes coasts, as well as in Alaska, Hawaii, Puerto Rico, Guam and the U.S. Virgin Islands.
As ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of the world's busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered.
It takes a lot of time and energy to turn around one of those massive new containerships in mid-ocean. The same goes for reversing the assumptions that led to the construction of those behemoths in the first place.
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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