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 [...]
As the Ports of Los Angeles and Long Beach hit record volumes of imports for March and freight rates reached a new peak, experts are telling us that the days of overcapacity, and the lower [...]
The way ocean freight rates have skyrocketed in 2020 and into 2021, it became expected that the big U.S. shippers – the beneficial cargo owners (BCOs) of the world like Walmart, Target, Best Buy, [...]
It’s early to talk about the 2021 peak season for the international shipping industry; however, with severe congestion at U.S. ports expected to last at least into the summer, 2021’s [...]
Transpacific freight rates, and freight rates in general, were astronomical in 2020, rising and rising until, at last, they reached a plateau around the end of September/beginning of October. [...]
Shippers importing goods from anywhere in the world – but especially China and other Asian countries – should expect to experience delays and fees. Right now, ports in Asia and the U.S. are [...]
On Monday night, a violent storm hit an Ocean Network Express (ONE) containership on its way to the Port of Long Beach. A large number of shipping containers were lost overboard. Others were [...]
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 [...]
Reporting is starting to come in on the first quarter of the financial year for carriers. Ocean Network Express (ONE), formed a few years ago when Japan's big three ocean carriers – K Line, MOL, [...]
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 [...]
Before 2020 hits, let's take a look back at 2019. What happened in international shipping this year didn't happen in a bubble. Just like events of years past affected this year, the things [...]
This is a guest post by Emily Marchant.
Because of the international shipping industry's volatility and the surge of shipments that happened in July of 2018 and lasted until the end [...]
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 [...]
Japan’s “Big 3” shipping companies—K Line, MOL, and NYK— joined forces to form the joint venture Ocean Network Express (ONE). And starting today (February 1st, 2018) you can [...]
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 [...]
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: [...]
What kind of freight rates are shippers getting right now on their ocean shipping? The last time we posted on freight rates was in August with a blog titled Freight Rate Wars: Carriers Strike [...]
THE Alliance members are “falling further behind in the megamax vessel stakes,” Alphaliner was quoted as saying in an article by Mike Wackett in the Loadstar. The headlining point of [...]
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 [...]