Ocean Transportation

Shipping Alliance Would Encompass 18 Percent of World's Container Fleet Capacity

May 17, 2016

German container shipping company Hapag-Lloyd has announced a new international shipping alliance which is due to start up in April 2017 for initially five years, spanning 18 percent of global container fleet capacity.

Econocaribe Rebrands as ECU Worldwide

May 16, 2016

ECU Worldwide

Econocaribe, a non-vessel operating common carrier operating in the U.S., has changed its name to ECU Worldwide.

U.S. Senate Votes to Fund Infrastructure Improvements of Navigable Waterways

May 16, 2016

Maritime Executive

Last Thursday, the U.S. Senate passed the FY2017 Energy and Water Development Appropriations Bill by a wide margin of 90 to eight. It is the first appropriations legislation to pass the Senate this year, and it incorporates $6bn in funding for the Civil Works Program of the U.S. Army Corps of Engineers, the agency charged with maintenance and improvements to navigable waterways.

Freight Rates in Chemical Tanker Industry Expected to Remain Steady in Near Term

May 13, 2016

Drewry

Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

Dry Freight Container Prices Hit Lowest Point in 14 Years

May 12, 2016

Drewry

Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry.

While Lower Than Last Year, Imports Still 'Some of the Highest Ever Seen'

May 12, 2016

NRF

Import cargo volume at the nation's major retail container ports is expected to be at some of its highest levels ever during the next few months despite a fall-off from last year's record-setting numbers, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Civil Engineers Warn U.S. Transportation Infrastructure Badly Needs Upgrading

May 12, 2016

Maritime Executive

America will fall $1.44tr short of what it needs to spend on infrastructure through the next decade, a gap that could strip 2.5 million jobs and $4tr of gross domestic product from the economy, a report from a society of professional engineers said on Tuesday.

Some Maritime Shippers Urge Industry to Set Emissions Goals Before Governments Step In

May 11, 2016

Maritime Executive

Disagreement among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs take matters into their own hands.

Continued Reduction in Orders for Tanker Vessels Could Help Industry Recover

May 10, 2016

Drewry

Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Challenges in Dry Bulk Shipping Will Result in Freight Rates Lower Than Last Year's

May 5, 2016

Drewry

Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

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.