South Korea might have been taking notes when China pushed for the merger of its two, big, state-owned shipping companies, Cosco Group and China Shipping Group. South Korea may force Hanjin [...]
Things are not looking good for Hyundai Merchant Marine (HMM). South Korea’s second largest shipping line has been in financial crisis that it is looking less and less likely to survive. [...]
Your imported cargo was supposed to arrive today. But it doesn’t. Instead, it will arrive tomorrow. Or the next day. Maybe even later… If you’re an international shipper, [...]
With the merger of China Cosco Group and China Shipping Group creating the shipping leviathan China Cosco Shipping Corporation Limited, changes are going to ripple across the entire international [...]
March Madness is over and you thought you were done with brackets. Wrong. As wrong as my NCAA bracket. To give you a carrier alliance overview, here comes the 2014 Carrier Craziness Bracket! [...]
Yes, it’s another story of shrinking carrier competition in the international shipping industry. China Ocean Shipping Co., perhaps better known as Cosco, and China Shipping Co. are forming an [...]
by Jared Vineyard It’s not official yet, but it appears the German shipping company Hapag-Lloyd is merging with the Chilean shipping company Compania Sud Americana de Vapores (CSAV). The [...]
It’s a chess match to stay alive. No, it’s not as dramatic or exciting to read about as Suzanne Collins’ The Hunger Games where Katniss Everdeen is placed in an arena with 23 [...]
Last week we blogged about the P3 Network, an alliance between the largest three shipping container carriers in the world–Maersk, Mediterranean Shipping Co., and CMA CGM. The alliance would [...]
On Tuesday of this week, the world’s three largest container shipping carriers, Maersk, Mediterranean Shipping Co., and CMA CGM announced a long-term operational alliance on East-West trades, [...]
Check out the Ships Gonna Happen Podcast. Shipping professionals Tony B., David B., and Timmy D. do a great job with the show. On Saturday's episode, they interviewed Universal Cargo's own Jared [...]
Right now, there are a few governmental moves concerning international shipping that should pique U.S. shippers' interest. First, the Federal Maritime Commission (FMC) voted to proceed with two [...]
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 [...]
Importers can thank goodness that their freight rates and international shipping costs are generally on par with pre-COVID levels and behaviors. To say the astronomically high freight rates and [...]
Freight rates, particularly Asia to U.S. West Coast (USWC) freight rates, have increased by more than 100% since June. That's not too surprising, since we're in the peak season, and freight rates [...]
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, [...]
Shippers, get ready for the freight rate war saga of the ocean carriers to continue. Perhaps the biggest reason for shippers to pay attention to what's happening with carriers is because it [...]
With great capacity comes great responsibility. And the international shipping industry is about to have a giant influx of ocean freight capacity. With the arrival of March, new container ships [...]
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 [...]