Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 01/18 · 10:08 AM · LM Editorial
Various economic headwinds are standing in the way of true retail sales growth, even though the numbers show modest gains.
Posted 01/04 · 10:29 AM · LM Editorial
An ongoing lackluster economic outlook remains intact for Northern Europe, according to the most recent edition of the “Global Port Tracker: North Europe Trade Outlook” by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics.
Posted 12/24 · 10:47 AM · SCMR Editorial
Ocean cargo shipping is the backbone of the global supply chain, yet few of us give much thought to the hardship and sacrifice seafarers must endure most of the year.
Posted 12/24 · 10:06 AM · LM Editorial
"Seafarers spend months away from their home and loved ones, often working in very dangerous conditions. It is a profession that is taken for granted by consumers all over the world, but one that is critical for our economy.”
Posted 12/22 · 09:57 AM · LM Editorial
The number of vessels currently in the Great Lakes-Seaway system exceeds the five-year average as ships delivered much-needed supplies making a final push to export grain before the St. Lawrence Seaway closes in January.
Posted 12/17 · 10:35 AM · LM Editorial
Declining Asian consumer and industrial demand, made worse by a strong dollar, has cut into U.S. export volumes and eroded U.S-Asia freight rates to the point where some dry cargoes are moving at levels which make them less attractive to carriers than repositioning empty containers.
Posted 12/16 · 11:14 AM · SCMR Editorial
Even an expanded Panama Canal cannot accommodate the massive new ships.
Posted 12/14 · 03:36 PM · LM Editorial
As this year ends, the era of the mega vessel may be finally be ushered in as the largest container ship ever destined for North America calls West Coast ports.
Posted 12/08 · 04:20 PM · LM Editorial
The dramatic decline to ocean freight spot market rates has served to widen the pricing differential to air rates to record levels, say Drewry Supply Chain Advisors.
Posted 12/07 · 10:14 AM · LM Editorial
In a much-anticipated move, CMA CGM announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL).