Ocean News
Ocean Cargo Carriers Must Optimize Networks
Carriers will have some hard decisions for the remainder of 2017, they must continue to drive down costs through effective post-merger integration and fleet rationalization to bring supply and demand into balance, and continuously optimize networks to make them more efficient.
Outlook for Ocean Freight Carriers Remains Fragile
Global container shipping outlook for 2017 will be like rearranging the deck chairs with only a few seats in the sun, carriers that have weathered the storm will have a difficult task in front of them, but the playbook remains clearly defined according to a new study by AlixPartners.
COSCO Announces Offer to Buy OOCL for $6.3 Billion
China's major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer today to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL).
Consolidation in the Liner Industry
Container shipping remains remarkably fragmented, with the top five operators accounting for less than half the global market, and this presents considerable opportunity for further consolidation.
Petya Ransomware Cyber Attack Hits Maersk Line
While all vessel operations will continue, making “the majority” of port calls, the shipping line says it has “shut down” IT and communications infrastructure as a security measure.
“Perfect Storm” of Cyber Security, Regulation and Cost Cutting Impacts Global Shipping
The Allianz Global Corporate & Specialty SE’s fifth annual Safety & Shipping Review 2017 reveals cyber, autonomous vessels and piracy risks concern maritime industry as economic pressures challenge budgets.
Autonomous Ships
Are autonomous, unmanned ships the future? Do the efficiencies and savings stack up? Is broader connectivity and technology infrastructure, regulators and insurers keeping up? Or is the unmanned ship a distraction from the far wider disruption taking place?
YARA Birkeland: First Zero Emission Autonomous Vessel Replaces 40,000 Trucking Trips
YARA and KONGSBERG have entered into a partnership to build world's first autonomous and zero emissions ship called "YARA Birkeland" - YARA will reduce diesel-powered truck haulage by 40,000 journeys a year and KONGSBERG will integrate sensor, control, communication and electrical systems.
Maersk Partners With Microsoft to Bring More Digitization to Its Global Supply Chain
With Microsoft’s cloud computing services and Azure platform, Maersk has a powerful set of tools for turning its vast operational and commercial data into more efficient operations and better products and services for customers.
Maersk Line to Pay $4 Billion for Hamburg Süd
Maersk has finalized its purchase of container shipping line Hamburg Süd from the Oetker Group after both boards approved a Sale and Purchase Agreement today.
Norway to Build World’s First Tunnel for Shipping
Norway is creating an ambitious project that will create 1,700-metre long passageway underneath rocky peninsula for cruise and freight ships by 2023.
Maersk and Ericsson Team with Silicon Valley’s Plug And Play for Supply Chain & Logistics Program
Partners from a wide variety of industries come together to create the 11th Plug and Play vertical focused on global startups that aim to rebuild the technology behind supply chain and logistics.
Changing the Ocean Shipping Game, Amazon, Alibaba, Maersk, and CMA CGM Leading the Way
Online booking will bypass freight forwarders using Alibaba's shipping platform, One Touch, the world's largest e-commerce platform, Maersk and CMA CGM have signed letters of understanding to work together with Alibaba, and Amazon China is now a year into their new venture as a freight forwarder, game changing events for sure.
Hanjin Shipping is Officially Bankrupt
A South Korean court on Friday pulled the plug on Hanjin Shipping Co., declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades.
Amazon Enters Trillion Dollar Ocean Freight Business
Amazon has begun shipping products from Chinese merchant partners to its U.S. warehouses via ocean freighters, this is something it used to outsource exclusively, and another piece of the overall shipping and logistics picture that it’s now controlling directly, at least in part.
Panama Canal Welcomes the Largest Capacity Vessel To-Date Through its Expanded Locks
The Panama Canal welcomed the largest capacity vessel to-date to transit the expanded locks, Hapag-Lloyd's Valparaiso Express, the 10,589 TEU Neopanamax containership was specifically built to take advantage of the greater capacity offered by the Expanded Panama Canal.
Maersk Continues Ocean Carrier Consolidation Trend, Says It Will Acquire Hamburg Süd
With the acquisition, Maersk Line will have container capacity of around 3.8 million TEU and an 18.6% global capacity share, the combined fleet will consist of 741 container vessels with an average age of 8.7 years.
AAPA Seaports Magazine Fall 2016
August was a busy month for AAPA and three of its member ports that participated in “Influencers Roundtables,” industry forums and port tours.
AAPA Provides Trump Transition Team with Port Industry’s Policy Platform Recommendations
Ports platform includes land & water freight transportation investments, port security and environmental enhancements.
Marine’s Digital Revolution
The Marine industry faces substantial pressure: global trade has decelerated and commodity prices have declined, just as a prolonged shipbuilding cycle resulted in significant overcapacity, and the ensuing struggle for market share, via fiercer competition and consolidation, underscores the need for greater efficiency in shipping.
Featured Companies
Mach 1 Global Services, Inc., is a women-owned multi-national transportation and supply chain logistics provider. Established in 1988, Mach 1 Global Services is the 31st largest privately held corporation in Arizona and employs over 230 industry professionals at its 34 company-owned offices worldwide.
Esri inspires and enables people to positively impact their future through a deeper, geographic understanding of the changing world around them. Esri has cultivated collaborative relationships with partners who share our commitment to solving Earth’s most pressing challenges with…
Shipping your goods around the globe doesn’t have to be complicated or expensive. LILLY specializes in international transportation solutions, customs clearance, warehousing and distribution, e-commerce fulfillment, and foreign trade zone operations. With more than 20 years of experience, we work…
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $44 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx…
As a core member of the Tandem Global Logistics network, we provide professional, global logistics services to facilitate and support international trade between our clients and their worldwide partners. Beyond provision of timely, economical carriage of cargo, we coordinate export…
Landstar’s network of independent agents and transportation capacity providers offers greater flexibility and a local presence that has a global reach. The Landstar network is unmatched in the industry. With 1,300 independent agents, 10,000+ leased owner operators, 16,000+ trailers and 59,000 other available…
Hackett Associates was established in August 2007 to provide expert consulting research and advisory services to the international maritime industry, government agencies and international institutions. Founder Ben Hackett brings over thirty-five years of experience in liner shipping, ports, international economics, trade…
INTTRA is the world’s largest, multi-carrier network for the ocean shipping industry. Our solution enables customers to efficiently and easily plan, book, manage, settle and analyze ocean freight shipments with the 40 leading carriers and NVOCCs. We’ve…
SEKO provides complete Supply Chain Solutions, specializing in transportation, logistics, forwarding and warehousing. We also lead the industry with innovative and configurable IT solutions, which provide a seamless flow of information and give our growing customer base true supply chain…
Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behavior – reporting…
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