The Port of Virginia just had a very good fiscal year. In a press release from Port of Virginia Spokesman Joseph D. Harris, the port reported: The Port of Virginia® handled 231,675 twenty-foot [...]
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 [...]
Tragic news came out of the international shipping industry about a week ago when a Nippon Yusen Kabushiki Kaisha (NYK) container ship collided with a US Navy destroyer, killing seven US sailors. [...]
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 [...]
Maersk is the world’s largest ocean carrier by capacity. Not only is the company the industry leader (in more than just size), but Maersk also has more stability than other carriers in [...]
It looks like carriers are jumping onboard for issuing fees on container cancellations and no-shows from shippers, as Hapag-Lloyd is now adding such a fee to their practices, according to a Gavin [...]
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 [...]
How can carriers reduce CO2 emissions, consume less fuel, and add extra protection on their container ships? How about a windshield? That’s right, a windshield on a container ship. [...]
CMA CGM Launches New Fee CMA CGM just made a move that we could see ripple through the international shipping industry. The carrier will charge a fee to shippers who are “no-shows” [...]
Now that international shipping is dominated by three carrier alliances, the 2M, OCEAN Alliance, and THE Alliance, many shippers are worried about freight rate collusion between the shipping [...]
Right now, NFL Network is in the middle of releasing its top 100 list of football players as voted by fellow players in the National Football League. While Universal Cargo has no chance of making [...]
$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. [...]
It’s back! The most entertaining way to look at definitions of international shipping terms: comparing Logistics Glossary definitions to their Urban Dictionary counterparts. Let’s [...]
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 [...]
Despite the reshuffling of ocean carriers into just three alliances–the 2M, Ocean Alliance, and THE Alliance–being described as a disaster, U.S. shippers have seen little impact on [...]
Here’s your chance to learn all about Incoterms from Universal Cargo’s General Manager Raymond Rau. When it comes to international business deals involving importing and exporting, [...]
Guest Blog by Chris Compton Time is money, and nowhere is that more apparent than in freight shipping. When you combine fuel, insurance, driver wages, permits, tolls and other related costs, the [...]