High freight rates have become a motif in Universal Cargo's blog over the last year. That's not surprising as freight rates have climbed and climbed, breaking record after record, much to the [...]
What would happen if ocean freight carrier alliances were brought to an end?
Many shippers would cheer as they're currently seeking to make such an outcome a reality. But would it [...]
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 [...]
$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. [...]
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 [...]
Shippers were worried about potential delays or disruptions that April first’s carrier alliance reshuffle might bring. It turns out, those fears were well founded. Major congestion is [...]
As of today (March 30, 2017), the Federal Maritime Commission’s (FMC) approval of the cooperation agreement between Hyundai Merchant Marine (HMM) and the 2M alliance members, Maersk and MSC [...]
Shippers are worried about more than just their March Madness brackets right now. What has them so worried? The risk of next month’s big carrier alliance reshuffle causing freight [...]
“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 [...]
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 [...]
If you’re a shipper and you’ve heard the words “blank sailing,” there’s a decent chance they were accompanied by frustration. That’s because blank sailing [...]
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 [...]
Don’t look now, but it seems like the honeymoon might be over between Maersk and Mediterranean Shipping Company (MSC) in their 2M Alliance. There is no news about the premier carrier [...]
Is Hyundai Merchant Marine (HMM) no longer joining Maersk and Mediterranean Shipping Company (MSC) in their carrier alliance? “The memorandum of understanding is only a paper to agree to discuss. [...]
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 [...]
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 [...]
When watching the carriers operating in the international shipping industry, the old Agatha Christie mystery, “Ten Little Indians” comes to mind. … And then there were [...]
