Shrinking Carrier Competition: Cosco Buying OOCL
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 [...]
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 [...]
Guest Post by Dakota Murphey NOTE FROM THE EDITOR: While Universal Cargo’s blog usually focuses on international shipping for businesses or news in the international shipping industry, we [...]
Yesterday (Monday, June 19th), truckers formed picket lines at the Ports of Los Angeles and Long Beach, going on strike over their classification as independent contractors. If this sounds [...]
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 [...]
$66 million seems like a lot of money. Imagine losing that much in 3 months. For most of us, that’s hard to imagine because we’ve never even seen $1 million let alone $66 million. [...]
The “Tripartite Agreement” is what it was called–an agreement between Kawasaki Kisen Kaisha, Ltd (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kaisha (NYK) that included [...]
This is unprecedented news. The International Longshore & Warehouse Union (ILWU) is actually going to vote on an early contract extension. Chris Dupin reports in American Shipper: The [...]
It’s here! The event of the season for furniture importers and sellers… actually, the furniture industry as a whole. The High Point Market! Here at Universal Cargo, we love the High [...]
It’s official. People are obsolete. Okay, not really. But by watching the video above that was posted on Youtube by James Vincent, you can see how technology is taking over shipping. [...]
On Thursday (March 23, 2017), legislation was introduced to stop labor slowdowns at U.S. ports. The legislation is aptly called the Prevent Labor Union Slowdowns Act (PLUS). It was introduced [...]
We talk about how volatile the international shipping industry is in terms of freight rates all the time. But international shipping news can be quite volatile too, with stories taking twists and [...]
Freight forwarders and non-vessel operators (NVOs) have been under a great deal of scrutiny for their lack of automation lately. For anything consumers want, they can go online and with a [...]
More than 8,000 UPS drivers will be trained by Truckers Against Trafficking (TAT) “how to recognize and respond to signs of human trafficking activity” according to an article from Transport [...]
With all the alliances of carriers in the international shipping industry, it was inevitable that ports and terminals would begin forging alliances too. A little less than a month ago, we posted [...]
Since the collapse of Hanjin Shipping, shippers are painfully aware of the possibility that major ocean carriers can go bankrupt. Although years of carriers suffering through billion dollar [...]
During these trying times for ocean carriers in the international shipping industry, carrier alliances dominate the shipping lines, sharing ship operations to reduce costs. On the outside looking [...]
Guest Post By Kevin Hill The freight management industry witnessed some massive changes in 2016 and some of these are likely to last beyond 2017. Shipping services and logistics providers are now [...]
The holiday season is here. That means we’re approaching the end of 2016 and projections are being made about what 2017 will look like for the international shipping industry. Drewry, the [...]
We now know who will be buying Hanjin’s Asia-U.S. assets. Yes, we’re still talking about Hanjin Shipping. Yes, we know Donald Trump was elected president last week. Yes, we posted a [...]
Donald Trump, seemingly despite all polls and predictions, has been elected the next president of the United States, and the impact his presidency could have on international shipping is, as he [...]