Ocean Transportation

Recovery in Multipurpose Shipping Market May Have to Wait Until End of 2017

April 15, 2016

The multipurpose shipping market is not expected to recover until the end of 2017, when it is anticipated that there will be more bulk demand for the Handy vessels and therefore more breakbulk cargoes for multipurpose vessels, according to the latest Multipurpose Shipping Market Review and Forecast 2016 report published by global shipping consultancy Drewry.

Gains Seen in Dry Bulk Shipping May Fade in Second Half of 2016

April 15, 2016

IHS

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, according to IHS Inc.

Aye, Aye, Captain Robot

April 15, 2016

Maritime Executive

Last week, the Rolls-Royce led Advanced Autonomous Waterborne Applications Initiative (AAWA) project presented its first findings at a conference in Helsinki, expressing high hopes for vessel automation in commercial service -- and predicting that it will arrive soon.

U.S. Imports See Steady Climb, But Not Likely to Reach 2015's Record Numbers

April 13, 2016

NRF

Import cargo volume at the nation's major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year's record high numbers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Ports Far Outspend U.S. Government on Their Infrastructure Upgrades

April 13, 2016

Maritime Executive

The American Association of Port Authorities suggested that its member ports intend to spend over $150bn in combined infrastructure investments by 2020 - contrasted with a "best-case" government investment in port-related freight infrastructure of only $25bn over the same period.

Leaving EU Could Damage British Shipping Industry

April 11, 2016

Maritime Executive

If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn.

Rates in Container Shipping Industry Expected to Continue to Fall

April 8, 2016

Maritime Executive

Shipping consultants Drewry have released their container shipping review for the first quarter 2016, and the outlook does not look positive.

Inchcape Shipping Services Expands in Mexico

April 7, 2016

Inchcape Shipping Services

Inchcape Shipping Services has opened a new office in Veracruz, Mexico.

CMA CGM Expands in West Africa; Upgrades Ethiopian Services

April 6, 2016

CMA CGM

CMA CGM is augmenting its container services linking the West African coast with Europe, Asia, the Middle East and India.

Weft Launches Real-Time Rank of Global Container Ports

April 6, 2016

Weft

Weft has developed a real-time ranking of global container ports. It is intended to provide companies with data related to such processes as procurement, contract negotiations and other shipment-planning decisions.

Ocean Transportation

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.