Ocean Transportation

Hanjin Bankruptcy Not Expected to Greatly Impede Retail Imports

September 13, 2016

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 Container Rate Increases on East-West Trades 'Disguise' Industry's 'Fundamental Weakness'

September 8, 2016

American Shipper

The recent increase in container freight rates on major east-west trades is no more than a flimsy disguise for the "fundamental weakness" of the ocean shipping industry, according to ocean freight rate benchmarking and market intelligence provider Xeneta.

Inchcape Shipping Service Opens Office in Amsterdam

September 7, 2016

Inchcape Shipping Services

Inchcape Shipping Services has opened an office in Amsterdam, its second in the Netherlands.

Offshore Maintenance Market Expected to Bounce Back from Oil Price Decline

September 7, 2016

Maritime Executive

Forecasts call for a steady recovery from the recent oil price downturn in the offshore maintenance market with spending expected to improve significantly between 2017 and 2021.

Where Are All the Holiday Season Imports?

September 6, 2016

Wall Street Journal

This summer, dockworkers, truckers and railroads geared up for a surge of retail goods passing through U.S. ports that hasn't occurred. Imports are flat at major seaports on both coasts heading into peak shipping season, the stretch in late summer and early fall when retailers usually load up on imported toys, clothing and other merchandise to sell to holiday shoppers. If the trend holds, it will be the second year in a row without a traditional peak.

Complying With China's Mandate to Spray Ships for Zika Mosquitoes Stings U.S. Exporters

September 2, 2016

Wall Street Journal

China's recent move to add the U.S. to a list of Zika-infected countries is worrying U.S. exporters, who fear they will be required to fumigate all containers destined for Chinese ports. The cost to fumigate a container ranges from between $100 and $200.

Hanjin Collapse Sends Shock Waves Globally - and Spot Rates Soaring

September 2, 2016

Drewry

Spot container freight rates on the major routes from Asia soared by up to 42 percent following the collapse of Hanjin Shipping, data from the World Container Index reveals.

Hanjin Shipping Sails Toward Biggest Ocean Line Bankruptcy Ever

September 2, 2016

Maritime Executive

Hanjin Shipping has elected to file for court receivership, the first step towards what will be the largest container line bankruptcy in history - six times larger than the collapse of United States Lines three decades ago, the previous record holder.

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.