Oil, Fire & Death: Cargo Ship & Tanker Collide in East China Sea
A fire still burns even though the collision that created it between the oil tanker Sanchi and the cargo ship CF Crystal happened Saturday. BBC News reported that the oil tanker was an Iranian [...]
Freight Rates to Hit Record Lows Again in 2018?
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 [...]
Restricted Shipments
‘Make Shipping Sexy’ Part of Decarbonization Plan for International Shipping
Sexy is not a word typically used to describe international shipping. Boring. Yeah, that’s a more typical description. Of course, boring isn’t exactly the type of description to [...]
Which Carriers Will Be the Final 3 to Survive?
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 [...]
Universal Cargo Wins Best Freight Forwarder 2017 Award from TFG
Trade Finance Global (TFG) just announced its 2017 International Trade Awards, recognizing innovative practice in international trade. The 2017 TFG International Trade Award for Best Freight [...]
What’s Happening with Ocean Freight Rates?
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 Expects Carrier Competition to Shrink to 3 Global Companies
Maersk is the largest carrier by capacity in international shipping and clearly the leader of the industry. We’ve talked about this before in Universal Cargo’s blog: The moves Maersk [...]
Is THE Alliance in Trouble?
THE Alliance members are “falling further behind in the megamax vessel stakes,” Alphaliner was quoted as saying in an article by Mike Wackett in the Loadstar. The headlining point of [...]
Port of Oakland Investing $11 Million for Meat Exporting
China has beef with the U.S. again, and it’s worth billions of dollars. The Port of Oakland wants in on that money, and is spending $11 million to be a part of it. It was almost exactly a [...]
Join Us Tomorrow at the CPAF Gala for Change
We here at Universal Cargo would like to invite you to join us tomorrow at an event in Los Angeles. The Center for the Pacific Asian Family (CPAF) is holding their big annual event, Gala for [...]
Could This Container Ship Be the Biggest Thing to Hit Transpacific Shipping?
A container ship crossing the Pacific Ocean sounds like nothing new. Importers and exporters know that carriers have ships sailing goods between Asia and America every day. However, a ship Nippon [...]
Freight Rate Wars: Carriers Strike Back
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 [...]
How is the Panama Canal Expansion Working Out?
It’s hard to believe it, but a year has already passed since the unveiling of the expanded Panama Canal. Plagued with delays and increases in costs, it once seemed the expansion project [...]
What’s Happening With International Shipping Freight Rates?
For years now, we’ve talked about overcapacity plaguing carriers in the international shipping industry and putting downward pressure on freight rates. Over the last couple years, freight [...]
CMA CGM Announces Possibly Trend-Setting Fee & New Service
CMA CGM Launches New Fee CMA CGM just made a move that we could see ripple through the international shipping industry. The carrier will charge a fee to shippers who are “no-shows” [...]
Logistics Glossary Vs. Urban Dictionary – Useful to Funny Definitions
It’s back! The most entertaining way to look at definitions of international shipping terms: comparing Logistics Glossary definitions to their Urban Dictionary counterparts. Let’s [...]
Will Carrier Alliance Chaos Reach U.S. Shippers?
Despite the reshuffling of ocean carriers into just three alliances–the 2M, Ocean Alliance, and THE Alliance–being described as a disaster, U.S. shippers have seen little impact on [...]
Shanghai’s Yangshen Port Suffers Congestion in Wake of Carrier Alliances
Shippers were worried about potential delays or disruptions that April first’s carrier alliance reshuffle might bring. It turns out, those fears were well founded. Major congestion is [...]