Drewry's 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates.
Importers and exporters were holding their collective breath last week, praying that negotiations for a new West Coast longshore labor contract wouldn't result in a temporary shutdown of the ports. But service providers were just as concerned about what happens if they stay open.
CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced SSM+, a new version of its sailing schedules application for Android and iPhone.
Innovative rapidly inflating balloon technology could keep damaged ships afloat. But more fine-tuning needs to be done and there are some concerns about reliability.
China's regulators have blocked the P3 mega-alliance between Maersk, MSC and CMA CGM on the grounds that it infringes the country's competition laws between Asia and Europe, particularly with respect to the lines' combined market share of 46.7 percent. The law enforcers appear to believe that the cost reductions gained by the P3 carriers would either have been offset by this unacceptably high risk of market concentration, or would not have been passed back to shippers satisfactorily. Where to now?
The Transported Asset Protection Association (TAPA) launched what it calls the most comprehensive supply chain security standards in TAPA's 17-year history to combat increasingly sophisticated thefts.
A lack of certainty appears to be the case within the freight forwarding market as momentum fails to take hold. In the latest findings, the Stifel Logistics Confidence Index slipped 2.7 points to 55.2. While still above the important 50-level, too many questions remain unanswered – will a strike be averted at the U.S. West Coast ports, what will happen within the sea freight market now that P3 alliance has collapsed? Is economic growth really slowing?
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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