With the holiday season over, import cargo volume at the nation's major retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
European shipping and offshore interests are pursuing business in Iran with news this week that MSC Mediterranean Shipping Company has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions.
Further widening of the supply-demand imbalance at the trade route level and insufficient measures to reduce ship capacity will lead to an acceleration of freight rate reductions and industry-wide losses in 2016, according to the latest Container Forecaster report published by global shipping consultancy Drewry.
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.
CMA CGM has launched a Med Gulf Ecuador (MGE) service, offering a direct connection between the Mediterranean Sea, Caribbean, Gulf of Mexico, Colombia and Ecuador.
CaroTrans, a non-vessel operating common carrier and ocean freight consolidator, has launched a direct, biweekly service between Miami, Fla. and Manaus, Brazil, for less-than-containerload exports.
By the time you read this, the largest containership ever to call a U.S. port will have visited the ports of Los Angeles and Oakland. It won't be the last. But will regulation and environmental pressures prevent carriers from developing the infrastructure needed to handle these seagoing behemoths?
The breakbulk, project and heavy-lift carrier AAL has entered into a space-sharing agreement with Swire Shipping in the Asia-to-East Australia liner service.
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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