Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 02/23 · 08:05 AM · LM Editorial
In a move signaling confidence in renewed demand for capacity, Maersk Line has signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of the world’s largest vessels in the global container flreet
Posted 02/22 · 02:04 PM · LM Editorial
UPS announced it has expanded its UPS Preferred LCL (less-than-container-load) Ocean Freight service to ten additional Asia-based ports, which it said provides shippers with up to 40 percent faster door-to-port United States-bound delivery for LCL shipments.
Posted 02/22 · 09:46 AM · LM Editorial
A moderate increase in European import and export volumes is expected in 2011, according to the most recent edition of the Global Port Tracker Report published by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Posted 02/21 · 12:06 PM · LM Editorial
The next home to America’s Cup was once a vibrant ocean cargo destination too. What happened?
Posted 02/18 · 01:53 AM · LM Editorial
The Federal Maritime Commission took several steps yesterday to reduce regulatory burdens and bring cost savings and flexibility to the shipping industry and the customers they serve.
Posted 02/18 · 01:52 AM · LM Editorial
With the release of President Obama's fiscal 2012 budget, the American Association of Port Authorities is expressing both optimism and disappointment over various aspects of the budget pertaining to seaport
Posted 02/18 · 12:12 AM · LM Editorial
Both ports show double-digit annual gains for imports and exports.
Posted 02/17 · 09:05 AM · LM Editorial
According to a recent report in The Financial Times, China is in negotiations over the construction of a 137-mile rail link across Colombia that represents a competitive route. When completed, Chinese exporters could ship finished goods into Latin America while sourcing raw materials for outbound vessel deployment.
Posted 02/16 · 02:05 PM · LM Editorial
As news reports continue to track the transit of two Iranian warships through the Suez Canal, global shippers may also be ready to rethink their supply chain strategies
Posted 02/15 · 02:48 PM · LM Editorial
California’s exporters nearly clawed their way back to pre-recession levels of trade with a strong performance in 2010, according to an analysis by Beacon Economics