Ocean Transportation

CMA CGM, China COSCO Looking to Ally Against Maersk, MSC?

February 22, 2016

Shipping analysts Alphaliner reported that the two carriers involved in recent container line megamergers – France's CMA CGM (merged with NOL / APL) and China COSCO (merged with CSCL) – are now looking at forming a shipping alliance to compete with Maersk and MSC's 2M.

Damper Seen Over Dry Bulk Freight Market for First Half of 2016

February 19, 2016

Maritime Executive

The latest Dry Bulk Freight Forecaster from Maritime Strategies International reports a deterioration of the consultancy's cautiously optimistic view for improvement in the dry bulk market in the next six months.

Corning Awards Life Sciences Business to Kuehne & Nagel

February 18, 2016

Kuehne & Nagel

Corning Incorporated has appointed Kuehne & Nagel to manage the distribution requirements for its Corning Life Sciences business in the Asia-Pacific market.

On-Time Performance of Container Vessel Industry Gets Off to Slow Start in 2016

February 18, 2016

Drewry

Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Ocean Shipping Industry's Fortunes Rise - and Fall - on Business With China

February 17, 2016

Business Week

Shipbuilders, container lines and port operators feasted on China's rise and the global resources boom. Now they're among the biggest victims of the country's slowdown and the worldwide decline in demand for oil rigs and other gear amid the oil price plunge.

Hapag-Lloyd Adds 3,000 Reefer Containers to Fleet

February 16, 2016

Carrier Transicold

Hapag-Lloyd AG has added 3,000 refrigerated containers to its fleet.

Shipping Rates for Chemicals Expected to Face Pressure This Year

February 12, 2016

Drewry

On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

U.S. Expected to See Retail Imports Grow 4.5 Percent in First Half of 2016

February 11, 2016

NRF

Import cargo volume at the nation's major retail container ports is expected to decline year-over-year for the next few months, but the first half of the year should still amount to a 4.5-percent increase compared with the same period last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

PLS Logistics Services Opens Branch in Charlotte

February 9, 2016

PLS Logistics Services

PLS Logistics Services, a provider of supply-chain and freight-brokerage services, has opened a new branch office in Charlotte, N.C.

Wallenius Wilhelmsen Logistics Takes Over South African Venture

February 9, 2016

Wallenius Wilhelmsen Logistics

Wallenius Wilhelmsen Logistics (WWL), a global provider of roll-on/roll-off shipping and vehicle logistics services, has entered into an agreement with its partner company Groupe CAT to acquire the latter's 50-percent share in CAT-WWL, a joint venture of 10 vehicle-processing facilities based in South Africa.

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.