The Federal Maritime Commission (FMC) made a regulation move concerning ocean freight carriers. It's actually a bit of deregulation when it comes to carriers filing service contracts. Maybe it [...]
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 [...]
How about a positive headline for 2020? It's a great year for ocean freight carriers in the international shipping industry. Transpacific cargo volume continues to surge here in the peak season, [...]
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 [...]
With the first half of 2020 marked by COVID-19 shutdowns around the world, first in China and eventually in the U.S., ocean carriers' biggest strategy for dealing with decreased shipping demand [...]
Freight rates in the international shipping industry are always volatile, especially for small to medium shippers who play the spot market for their import and export pricing. There are many [...]
IMO 2020 went into effect on January 1st, requiring sea vessels, including container ships, to abide by a 0.5% sulfur cap on fuel or use scrubbers (systems that clean fuel in engines) in order to [...]
This is a guest post by David Fan. Background Chinese New Year, also known as Spring Festival or Lunar New Year, is the grandest festival in China with a statutory 7-day long holiday. [...]
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 [...]
One of the biggest issues of our time is global warming. The ocean freight sector of the international shipping industry, in particular, faces an incredible challenge of reducing its greenhouse [...]
Maersk and IBM edged forward in the BlockChain race. However, don't let anyone fool you into thinking they'll be doing a victory lap anytime soon.
It was November the last time we [...]
We're finally seeing news on how carriers will pass higher fuel costs, which are on the way, to shippers.
It seems that all the news around the International Maritime Organization's [...]
In this blog we'll answer a frequently asked question (FAQ) dealing with Incoterms. Specifically, which Incoterm is the best to use when importing from China. As a bonus, we'll also tell you 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 [...]
Japan’s “Big 3” shipping companies—K Line, MOL, and NYK— joined forces to form the joint venture Ocean Network Express (ONE). And starting today (February 1st, 2018) you can [...]
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 [...]
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 [...]
CMA CGM and Maersk announced in a joint press release Tuesday (June 13th) that the former is acquiring Mercosul Line from the latter: CMA CGM and Maersk Line have announced today that they have [...]
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 [...]