Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 08/11 · 05:18 PM · SCMR Editorial
The current shortage of officer corps seafarers is forecast to worsen and risks impacting ocean cargo carrier profitability, according to Drewry’s recently published Manning 2014 Annual Report.
Posted 08/01 · 08:00 PM · LM Editorial
The P3 Network was nixed in June, and now the world’s largest ocean cargo carriers are facing a vexing dilemma: how to reorganize global services and still make money. Meanwhile, shippers will be forced to manage other huge carrier partnerships during this peak season.
Posted 08/01 · 08:00 AM · LM Editorial
In 2013 we saw multiple attempts by carriers to firm up ocean freight pricing in trans-Pacific lanes. In the meantime, trans-Suez lanes were regularly defeated by rapid additions to available ship capacity in other key lanes as prices started to look better.
Posted 07/18 · 06:50 PM · LM Editorial
The good news is that while there is no contract extension in place, both parties have pledged to keep cargo moving.
Posted 07/14 · 08:18 PM · LM Editorial
While many shippers are concerned about the progress (or lack thereof) in West Coast labor relationships, ocean carriers serving the trade have expressed optimism by announcing a proposed rate hike.
Posted 07/10 · 02:07 PM · LM Editorial
Maersk and MSC have signed a 10-year contract deal to share vessels on some of the world's busiest trade routes.
Posted 07/07 · 07:26 PM · LM Editorial
Terminal operations and normal cargo activity were minimally disturbed said spokesmen for both ports.
Posted 07/02 · 08:39 AM · LM Editorial
Shippers have been assured that negotiations for a new labor contract covering nearly 20,000 dockworkers at 29 West Coast ports will continue to move forward.
Posted 07/01 · 09:00 PM · LM Editorial
Rollercoaster demand levels and uneven freight volumes in 2013 created havoc in one of the more complicated years on record. In 2014, shippers will need to manage with all the savvy and experience that they can muster to get the capacity they need at a rate that’s fair.
Posted 07/01 · 08:30 PM · LM Editorial
Analysts and observers of global ocean cargo movement see a number of emerging trends surfacing in the ocean carrier arena later this year.