World Fleet Does Not Seem Ready for IMO 2020
We're less than a month away from New Year's Day when some big rule changes are to be implemented on the international shipping industry: Incoterms 2020 and IMO 2020 go into effect on January [...]
We're less than a month away from New Year's Day when some big rule changes are to be implemented on the international shipping industry: Incoterms 2020 and IMO 2020 go into effect on January [...]
2020 is less than a month away, and it's not an exaggeration to say it will be one of the most eventful new years the international shipping industry has ever seen. First, IMO 2020 goes into [...]
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 [...]
In case anyone actually needed more evidence for the volatility of freight rates, ocean shipping prices just swung in the opposite direction again. After blogging just a week ago about a surge in [...]
This year, freight rates in the traditionally peak season months have behaved untraditionally. Instead of seeing higher freight rates, this peak season was full of falling freight rates. However, [...]
In March of 2015, I wrote a Universal Cargo blog post about how the International Longshore and Warehouse Union (ILWU) should pay damages for what the union did at the Port of Portland. Today's [...]
The outlook on shipping through the Arctic is changing. And I'm not just talking about the changes in climate making shipping through the North Pole possible. Ocean freight carriers are coming [...]
Ocean carriers' biggest answer to meeting the International Maritime Organization’s (IMO) upcoming 0.5% sulfur cap on fuel (IMO 2020) might not be the answer after all. Or better stated, it might [...]
Maersk predicted, a couple years ago, that carrier competition would shrink to just 3 global companies. Of course, Maersk is at the top of the list of carriers expected to be left if its [...]
Normally, freight rates increase this time of year during international shipping's peak season when shippers are importing more goods than usual to stock up for the big holiday shopping season. [...]
The Federal Maritime Commission (FMC) announced in a press release on Friday (September 6th, 2019) that it would "address detention and demurrage charge issues" by adopting a set of [...]
This is a guest post by David Fan. Get a perspective from a freight forwarder on what digitalization means for the future of the companies shippers import and export their goods through by [...]
The trade war between the U.S. and China drags on without an end in sight. However, things are not all bad news for U.S. importers. Shippers who import from China got good news last week as Trump [...]
In only 5 months, starting on January 1st, 2020, cargo ships have to meet the International Maritime Organization's (IMO) new 0.5% sulfur cap on fuel known as IMO 2020. [...]
U.S. Customs & Border Protection (CBP) suspended MSC's Customs-Trade Partnership Against Terrorism (C-TPAT) certification after a historic drug bust was made on a ship of the world's second [...]
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 are a number of stories about ocean freight carriers making headlines right now. So let's round up the top ones and put them all in one blog.
Read Universal Cargo's newest blog [...]