A group of 238 state, local, and federal trade associations sent a letter to President Biden, imploring him and his administration to mediate the International Longshore & Warehouse Union [...]
While the Federal Maritime Commission (FMC) seems to still be figuring out how to enforce the Ocean Shipping Reform Act of 2022 (OSRA), it seems more shipping reform is on the way. John [...]
Maersk doesn't believe any of the ocean freight carriers outside of itself and Mediterranean Shipping Company (MSC) have the ability to stand alone. For this reason, the company doesn't believe [...]
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 [...]
Ocean freight carriers, which have been in the driver's seat for the last couple years when it comes to freight rates, are utilizing their leverage right now to negotiate enormous contracts with [...]
Keith Wallis reported in a Journal of Commerce article this week that South Korea's Fair Trade Commission fined ocean freight carriers over $80 million for collaborating in setting freight [...]
Speaking in the East Room on Wednesday (October 13th), President Biden announced: "After weeks of negotiation and working with my team and with the major union and retailers and freight movers, [...]
It's officially a trend. Shippers are chartering ships to exclusively carry their goods. We're not talking about just any shippers, of course. Big retailers, beneficial cargo owners (BCOs) who [...]
This is staggering. Over 3,000 shipping containers fell into the Pacific Ocean last winter, Tim Lydon reports in the Revelator. We're not talking about all shipping containers lost throughout the [...]
Maritime research firm Drewry is predicting the same thing we've been saying here in Universal Cargo's blog for a while: high freight rates aren't going away with the pandemic. Mike Wackett [...]
She's afloat once again. The Ever Given, which was stuck sideways in the Suez Canal, has been freed. While one of the companies hired to get the ship free said it could take weeks, in actuality, [...]
A month ago, Greg Miller reported in an American Shipper article that not only had freight rates finally stopped rising but they also had dropped a bit. He posed the question, "Is this a new [...]
Ocean freight rates have been high in 2020. Extremely high. Ocean carriers have managed to hike freight rates in the middle of a global crisis when demand has been lower than normal by [...]
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 [...]
From when the novel coronavirus outbreak in China first started registering in international shipping news, stories have been published about how ocean freight carriers could or would lose [...]
You won't find a more complete roundup of how the coronavirus pandemic is affecting international shipping, specifically the ocean freight sector, right now than this blog post here. This [...]
This is a guest post by Jeremy Raynolds. In December 2018, we reached a new record level of carbon dioxide emissions. The global CO2 emissions for 2019 are still not in, but one thing is [...]
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 [...]
You would think the trade war between the U.S. and China would be nothing but bad for transpacific shipping; however, it may have just saved the year for carriers.
Back in June, we [...]
"We're all going to go bust," MOL President and CEO Junichiro Ikeda said to the Financial Times about the near future of ocean carriers in the international shipping industry.
For [...]