Two weeks ago, when this blog last checked in on freight rates, they were falling. Massively. This week, transpacific freight rates rise significantly with a wave of General Rate Increases (GRI), [...]
A couple years ago in San Francisco, the world's major ocean freight carriers were holding a biannual Box Club meeting when the U.S. Department of Justice (DOJ) burst in on them with a raiding [...]
We live in a global economy where about 90% of the world's goods are transported by sea, but it hasn't been smooth sailing for the ocean freight shipping industry in recent years. And the waters [...]
This is a guest post by Florian Frese.
Demurrage and Detention quickly become a shipper’s nightmare and can result in thousands of dollars in per diem charges. Costs that arise [...]
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 [...]
Something about international shipping has countries worried. And they're considering legislating it, which makes shipping industry professionals nervous.
What's the issue? Invasive [...]
I've seen a lot of headlines this year about various ocean freight carriers losing money. However, it all came to a head for me with Mike Wackett's article in the Loadstar last week with the [...]
Don't look now, but peak season is upon us. Yes, those big volume shipping months when importers are bringing in products to line store shelves for the back to school and holiday seasons are [...]
This is a Guest Post by Cory Levins, Director of Business Development for Air Sea Containers.
It is remarkable that in an age of flight and space travel, most cargo transport around [...]
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 [...]
It’s bad news for ocean freight carriers but good news for U.S. shippers. At least, it’s good news for U.S. shippers in the short run. 2018 could see transpacific freight rates drop [...]
Last month, Maersk said it expects carrier competition to shrink to only three global companies. It’s possible that Maersk is wrong, but it’s hard not to take the words and [...]
In light of digital technologies, big data, and the Internet of Things–yes, the 4th Industrial Revolution–the global management consulting firm McKinsey & Company imagined what [...]
What kind of freight rates are shippers getting right now on their ocean shipping? The last time we posted on freight rates was in August with a blog titled Freight Rate Wars: Carriers Strike [...]
Maersk is the biggest name in international shipping. It is the largest ocean carrier by capacity and sets industry trends with the moves it makes. Another advantage Maersk has over its [...]
It has been a dark time for ocean carriers. Investing heavily in megaships–ships so large they can destroy entire planets–carriers created capacity greatly surpassing disappointing [...]
It was only a matter of time. Well, there still is some time, really. But not much. The first automated containership is scheduled to set sail in 2018. Check out this video from Kongsberg [...]
On Sunday (July 9th, 2017), Cosco Shipping Holdings Co., Ltd. (Cosco); Shanghai International Port Group Co., Ltd (SIPG); and Orient Overseas International Limited (OOIL) announced jointly that [...]
It looks like carriers are jumping onboard for issuing fees on container cancellations and no-shows from shippers, as Hapag-Lloyd is now adding such a fee to their practices, according to a Gavin [...]
Kawasaki Kisen Kaisha, Ltd. (K Line), Mitsui O.S.K. Lines, Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha (NYK) have given a name to their upcoming joint venture. In a joint press release [...]
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