We are just coming out of the peak season, as that traditionally starts late fall through early spring. Last year, most carriers in the westbound export market to Asia implemented numerous rate [...]
The Problem While many are now speaking about the fact that inflation is coming, due to the radical fed policy of hyper quantitative easing, few are detailing what happens to the people of a [...]
On the latest Global 100 Most Sustainable Corporations in the World, Mitsui OSK Lines (MOL) & Nippon Yusen Kaisha Line (NYK) are selected as the greenest ocean shipping lines from its [...]
Another world record will be created…The world’s largest solar-powered ship, Turanor PlanetSolar, has arrived on the Galapagos Islands (Santa Cruz and Puerto Ayora) off the coast of Ecuador [...]
Mediterranean Shipping Company (MSC) rises above Maersk Line and serves as number 1 in export volumes in the U.S. On the other hand, the standing for the number 1 spot in the U.S. for import [...]
Key Points: Vietnam’s economy has experienced rapid growth since the 1986 economic reforms and growth in international exports to Europe and the United States has accelerated in the past 5 years. [...]
In the last blog, we looked at how – with the slowing economy – retailers and shippers are decreasing their imports and expected to keep doing so in 2023. As discussed, that should mean [...]
Today, we continue our look at governmental pressure on the international shipping industry. Having watched carrier competition shrink over the last decade until reaching the point we're at now, [...]
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 [...]
Peter Tirschwell, in a Journal of Commerce (JOC) article, says the coronavirus outbreak is causing disruption "on a scale that has yet to be seen in container shipping’s more than 60-year [...]
This is a guest post by Ken Hyden. Digitization and new technologies are rapidly changing all industries, forcing them to prepare for a tomorrow that is unpredictable. This also applies to the [...]
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 [...]
Panama's drought, affecting the water level of the Panama Canal, continued in October. According to the Weather Channel, "The driest October since at least 1950 has left the Panama Canal with too [...]
One of the things we often do in Universal Cargo's blog is give shippers an outlook for how the international shipping freight rate market is behaving and looks to behave. Over the years, [...]
2022 is just days away from being over, so it's time to look forward to 2023. We'll probably have a few posts focused on what the year will have in store for international shipping, but today we [...]
Countdown ‘Til ILWU Slowdowns Contract Negotiations The countdown is at nine days. This isn’t an exciting countdown like counting down the days ’til Christmas or the seconds [...]
One of the top stories in the Journal of Commerce (JOC) yesterday (January 31st, 2022) was CMA CGM acquiring "a majority stake in European last-mile logistics specialist Colis Privé, a parcel [...]
In July, I went out on a limb as seemingly the only one in the shipping industry to predict ocean freight rates could fall by the end of the year. I turned out to be right. YAY! Headlines like [...]
Their supply chains shaking and rattling, shippers wake up in cold sweats. If not dark, the horizon is hazy, impossible to see what lies ahead. But shippers know there's a contract expiration out [...]
A couple blogs ago, I wrote about three ways ocean freight rates could see a significant drop. One of those ways was if regulators break up the carrier alliances that now dominate international [...]