High freight rates have become a motif in Universal Cargo's blog over the last year. That's not surprising as freight rates have climbed and climbed, breaking record after record, much to the [...]
A couple months ago, we blogged about carriers making billions with these high freight rates shippers are being forced to choke down. Well, that was nothing. Wait until you hear this.... If [...]
Maritime research firm Drewry is predicting the same thing we've been saying here in Universal Cargo's blog for a while: high freight rates aren't going away with the pandemic. Mike Wackett [...]
Over the last year, Universal Cargo has posted so many blogs about the astronomical freight rates the international shipping industry has been seeing, shippers are probably tired of reading about [...]
It’s early to talk about the 2021 peak season for the international shipping industry; however, with severe congestion at U.S. ports expected to last at least into the summer, 2021’s [...]
71 U.S. agricultural industry groups teamed up to write a letter to President Biden, informing him of the injury ocean freight carriers are doing to US agriculture, food, and forestry product [...]
Transpacific freight rates, and freight rates in general, were astronomical in 2020, rising and rising until, at last, they reached a plateau around the end of September/beginning of October. [...]
The Federal Maritime Commission (FMC) is increasing how often ocean freight carriers from the three major alliances that dominate global shipping must file trade data. Shipping lines from these [...]
Transpacific shipping is strong right now. Despite predictions by experts earlier in the year that 2020 would see no international shipping peak season, we have had and are in a strong one. Will [...]
It looks like the practices of ocean carriers during the pandemic and the resulting record-high freight rates have caught the attention of American and Chinese maritime regulatory [...]
Reporting is starting to come in on the first quarter of the financial year for carriers. Ocean Network Express (ONE), formed a few years ago when Japan's big three ocean carriers – K Line, MOL, [...]
Ocean freight rates have been high in 2020. Extremely high. Ocean carriers have managed to hike freight rates in the middle of a global crisis when demand has been lower than normal by [...]
No-roll premiums? What's that? Hopefully, as a shipper, you've never heard of a no-roll premium. Unfortunately, many shippers are finding out about them right now as they're being forced to [...]
A couple weeks ago, we posted a blog about how ocean freight carriers, in the middle of the coronavirus pandemic, went from being projected to lose as much as $23 billion in 2020 to looking like [...]
We promised to blog on this, so here it is... the controversy surrounding low sulfur surcharges. Big news events affecting the international shipping industry, specifically the Phase One Trade [...]
Mediterranean Shipping Company (MSC), the world's second largest ocean freight carrier by capacity for the moment, put out a press release on Monday concerning its executive leadership: MSC [...]
What would happen if ocean freight carrier alliances were brought to an end?
Many shippers would cheer as they're currently seeking to make such an outcome a reality. But would it [...]
There is so much potential for what blockchain technology can bring to the international shipping industry. So much potential, in fact, there's a fight for who can successfully bring blockchain [...]
"We're all going to go bust," MOL President and CEO Junichiro Ikeda said to the Financial Times about the near future of ocean carriers in the international shipping industry.
For [...]
Fuel costs have significantly increased this year, causing many carriers to post first-quarter losses for 2018.
At least, carriers are saying higher fuel bunker prices are the cause [...]
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