Ocean Transportation

Global Marine Underwriting Premiums Down 10.5 Percent Last Year

September 20, 2016

Global marine underwriting premiums last year amounted to $29.9bn, a 10.5 percent reduction on the 2014 figure, according to annual statistical report from IUMI, the International Union of Marine Insurance.

Hanjin Woes: Cargo Transportation Prices & the Interrupted Supply Chain

September 19, 2016

IBIS World

The world's seventh-largest deep sea cargo transportation carrier, Hanjin Shipping, filed for court receivership - a form of bankruptcy protection - on Aug. 31. Chaos has promptly ensued in a number of markets, and it won't end any time soon, according to Ashley Cruz, IBIS World Procurement Research Analyst.

The Painful Lessons of the Hanjin Bankruptcy

September 19, 2016

Robert J. Bowman, SupplyChainBrain

Having weathered numerous downturns in the past, major container lines might have thought they were immune from the laws of supply and demand. Now they know better.

Schneider Electric's Journey of Supply-Chain Transformation

September 16, 2016

Mourad Tamoud, Senior VP Global Supply Chain Operations, Schneider Electric

'Fully Autonomous' Ocean Vessels Will Still Rely on Humans, Study Finds

September 16, 2016

Maritime Executive

Research in the design and development of fully autonomous and unmanned merchant vessels could reduce human error and provide financial savings through crew salaries and the omission of crew accommodation. However, these vessels, monitored from land, will require high-quality and reliable communication systems between the unmanned ship and shore. The communication systems are critical for safety and security and will come at a high cost.

Ocean Movement of Perishables Likely to Continue to Be Growing Market

September 15, 2016

Drewry

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 -- and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes, increasing by an average of 2.5 percent per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.

Allianz Group Unit Launches Inland Marine Insurance Product

September 13, 2016

Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS), the specialist corporate insurer of Allianz Group, has launched Transportation Block 2020, a comprehensive inland marine cargo insurance product.

Hanjin Bankruptcy Not Expected to Greatly Impede Retail Imports

September 13, 2016

National Retail Federation

Import cargo volume at the nation's major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Grimaldi Group Launches Intermodal Link With Venice, Lübeck

September 8, 2016

Grimaldi Group

Grimaldi Group has signed an agreement with the Venice Port Authority and Lübeck Port Authority for creation of an intermodal connection via the ports of Venice and Lübeck, to connect points in Sweden, Finland and Russia with southern Italy and Greece.

Support Grows to Include Ocean Shipping Emissions in EU CO2-Control Initiative

September 8, 2016

Maritime Executive

A proposal to include emissions from shipping in the European Union's 2030 emissions reduction target through the E.U. emissions trading system (ETS) has gained cross-party support among members of the E.U. parliament.

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.