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TOP 10 INTERNATIONAL SHIPPING NEWS STORIES OF 2017 - Universal Shipping NewsWatch this video on YouTube This is it! Universal Cargo’s final blog of 2017. This year certainly seems to have [...]

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 [...]

The Federal Maritime Commission (FMC) is losing another commissioner. Commissioner William P. Doyle announced in a press release yesterday (November 27th) that he is stepping down from the FMC: [...]

$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. [...]

Carriers could finally get some freight rate stability going in 2017. Traditionally, freight rates are a very volatile thing in the international shipping industry. In the last few years, [...]

The Emergence of SM Line It sounds like the story of the phoenix: SM Line rising “from the ashes of Hanjin.” But perhaps the better mythological creature to describe this story is the [...]

Hanjin Container Ship Photo by: Flickr user Ingrid Taylar The Emergence of SM Line It sounds like the story of the phoenix: SM Line rising “from the ashes of Hanjin.” But perhaps the better [...]

2017 international shipping predictions Happy New Year! Welcome to 2017, shippers. Last week, in the last blog of 2016, we took a look back at the top stories of the year. This week, in the first [...]

This is it! Universal Cargo’s last blog of 2016. What better way to close out the year than with a look back on the top international shipping stories of 2016. Below you’ll find a [...]

“Five large terminal companies and one European port authority have joined together to file a discussion agreement with the Federal Maritime Commission (FMC) in attempts to establish a [...]

It came out over Thanksgiving weekend that the major carrier Hamburg Süd could be up for sale. Immediately, speculation began about who would acquire the company with the names of other carriers [...]

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 [...]

The news out of Beijing at the end of last week on mp.weixin.qq.com is that the carriers of the OCEAN Alliance signed a document laying out the vessel sharing agreement’s planned network of [...]

There could not have been a worse time for one of international shipping’s major ocean carriers to sink than peak season. However, that’s exactly what’s happened with Hanjin [...]

Hanjin Container Ship Photo by: Flickr user Ingrid Taylar There could not have been a worse time for one of international shipping’s major ocean carriers to sink than peak season. However, that’s [...]

Try not to hear Steve Carell saying, “That’s what she said!” in your head when considering the international shipping industry’s stance on size: bigger is better. It seems [...]

Hyundai Merchant Marine (HMM) stock just shot up by the maximum daily allowable amount. This must make debtors of the nearly $5-billion-in-debt shipping line feel good right about now. In a [...]

Illegal. That’s what Seaspan called Hanjin Shipping Co.’s request for a cut in charter rates on the ships it leases from the container ship leasing company. Kyunghee Park [...]

This year has seen record low freight rates. While freight rate pricing has been increasing, shippers are still paying significantly less than in previous years. World Maritime News reported a [...]

All the rumors have led up to this… A big, new carrier alliance has been announced: The Ocean Alliance. After China Cosco Group and China Shipping Group merged to form China Cosco [...]