Found in 247 News & Content,
with a score of 3.07
…Süd is recognized as a leader in the North-South trades, said Maersk and has 130 container vessels with a container capacity of 625,000 TEU (Twenty-Foot Equivalent Units). The carrier has 5,960 employees in more than 250 global offices and markets its services through the Hamburg Sud, Chile-based CCNI, and Brazil-based Alianca brands. The company had $6.726 billion in 2015 revenue, with $6.261 billion from its container line business. “Hamburg Süd complements Maersk Line and together we can offer our customers the best of two worlds, first of all in the North - South trades”Søren Skou, Group CEO, A.P. Møller Mærsk…
Found in 247 News & Content,
with a score of 2.92
…of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last fall. “Regarding the container ship business, cargo volume, mainly for Europe and emerging countries, hovered at low levels while a succession of new building vessels came into service, keeping freight rates at historic lows.” In the dry bulk sector the company said it would be further reducing the number of capesize vessels it has trading in the spot market, and withdraw from offering excess tonnage in the panamax sector and other smaller sizes of bulkers. “Instead, the company will focus on…
Found in 247 News & Content,
with a score of 2.84
…and the impact of the ongoing COVID-19 pandemic in global trade. Other topics addressed over the course of this podcast included: a look back at the 2020 Peak Season; the current outlook for U.S. imports and exports; and the need for a national export policy, among others. In his role as Executive Director, Seroka interacts with a wide range of stakeholders, including Port customers around the globe, industry partners, elected and appointed officials at all levels, business leaders and local residents. A respected global trade expert, Seroka has advocated for rules-based trade agreements that benefit American exporters and manufacturers. He…
Found in 247 News & Content,
with a score of 2.71
…threaten to inject further uncertainty into the future of global trade. As a consequence, the outlook for global container carriers remains “rocky” at the outset of 2017, according to a new study by AlixPartners. “Shippers had better mitigate risks this year by choosing a variety of ocean carriers and alliances,” says Esben Christensen, Managing Director at AlixPartners. In an interview with Logistics Management, he adds that shippers should avoid “coast concentration” in deployments. Given the uncertain dockside labor picture, it’s always best to be prepared for potential disruptions,” he says. Meanwhile, current “protectionist stances” could reverse policies that have supported…
Found in 247 News & Content,
with a score of 2.26
…shipping companies, would have a profound impact on the global shipping industry, and that its analysis of the case related to market share, market power, market entry, industry characteristics and other factors. It said that the alliance would control 47% of the Asia-to-Europe container shipping market. The parties had “failed to demonstrate that the alliance would bring more benefit than harm or that it is in line with the public interest.” Accordingly, the Ministry decided to ban the alliance under the People’s Republic of China Anti-Monopoly Law. The P3 alliance had earlier received approvals from both the U.S. Federal Maritime…
Found in 247 News & Content,
with a score of 2.01
…data, it stands to reason that cross-border logistics and trade activity continues to heat up. And this continues to drive home the fact that nearshoring is alive and well, and is very well-positioned for future growth, to be sure. LM Group News Editor Jeff Berman recently spoke with Mike Burkhart, VP of Mexico, for Minneapolis-based global logistics services provider and freight forwarder C.H. Robinson, about the ongoing nearshoring push into Mexico and what shippers need to know and be prepared for to establish cross-border supply chain and logistics operations south of the border. Their conversation follows below. More Nearshoring Stories…
Found in 247 News & Content,
with a score of 2.00
…relatively small size means the impact on the overall global market will be limited,” adds Jensen. In the meantime, carriers will still have to make some hard decisions for the remainder of 2017, says Esben Christensen, managing director of the international consultancy AlixPartners. “They’ve already taken steps to relieve their financial woes, including slashing expenditures,” he says. “They must continue to drive down costs through effective post-merger integration and fleet rationalization to bring supply and demand into balance.” Fortunately, spot rates have improved in the wake of last year’s Hanjin bankruptcy, and carriers seem to realize that they must do…
Found in 247 News & Content,
with a score of 1.99
Trade Tech, a global supplier of cloud-based solutions for the logistics industry, is taking the lead in providing solutions to meet Japan’s Advance Filing Rules that will go into effect in March 2014. Trade Tech announced today that it is the first US-based provider to have its electronic filing solution authorized by Nippon Automated Cargo and Port Consolidated System (NACCS), the Japanese government entity responsible for import/export and Customs clearance services. Since Japan’s Advance Filing Rules require shippers to use NACCS to electronically file their maritime container cargo information, the organization is authorizing third-party service providers capable of handling this…
Found in 247 News & Content,
with a score of 1.97
…2011 that ran up to a cumulative $1.2bn. Weaker-than-expected global trade, tonnage oversupply and the resulting drop in freight rates hit hard APL, eclipsing efforts to cut costs and increase operational efficiency. APL to join Ocean Three Speaking exclusively to Lloyd’s List after the announcement, Mr Saade said APL had been underperforming partly because it did not have big enough ships in the Asia-Europe trades. Once the deal is finalised, Mr Saade said APL would have access to bigger vessels as it would join the Ocean Three alliance alongside China Shipping and United Arab Shipping Co. APL is currently part…
Found in 247 News & Content,
with a score of 1.89
Customer experience is of the utmost importance in the world of e-commerce. Gilt thrills its customer base by featuring some of the world’s most inspiring clothing designs, culinary merchandise and travel experiences. Gilt knew UPS would make a great partner to help deliver the customer experience needed to match the company’s reputation for luxury. UPS offers a whole toolbox of services, so Gilt can give its customers anything they want. With UPS Worldport located just six miles from one of Gilt’s distribution centers, customers can opt to receive their orders within a day using UPS Next Day Air®. They can…
Found in 247 News & Content,
with a score of 1.71
…As this saga unfolds, it will take on increasingly global proportions.” JLL’s Global Head of Supply Chain & Logistics Solutions, Rich Thompson, told Supply Chain Management Review that the recent blockage of the Suez Canal by a large container ship highlights the fact that the strangest things can happen in supply chain and often do. “When it comes to global trade, ocean shipping accounts for 80% of the movement of goods and there are only two ‘shortcuts’ - the Suez Canal completed in 1869 and the Panama Canal completed in 1914.” $10 billion in Daily Global Trade Although this is…
Found in 247 News & Content,
with a score of 1.58
…ongoing violence in the region and continued attacks on global shipping. In a statement to Reuters on Friday morning, the company said it was halting shipping in the area. “Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further notice,” the company said, Reuters reported. Shortly after, Hapag-Lloyd said it was also placing a pause on shipping in the region. The sudden change serves to further disrupt international shipping in…
Found in 247 News & Content,
with a score of 1.57
…consolidation if it is to weather a slowdown in global trade growth. Liners have already responded with mergers and formed vessel-sharing alliances to cut costs, but more needs to happen. “There's been a lot of consolidation this year and many of the container lines just behind Maersk have grown,” Mr Kerstens said. “So Maersk is faced with substantially stronger competition.” Maersk Line, which hasn't made a large acquisition in more than a decade, is in an alliance with the world's No 2, Mediterranean Shipping Co, while Hyundai Merchant is in talks to join the venture. Hyundai Merchant has about 2…
Found in 247 News & Content,
with a score of 1.56
…in 2005. “Maritime transport is the backbone of international trade and the global economy with around 80 per cent of global trade by volume and over 70 per cent of global trade by value are carried by sea and are handled by ports worldwide” Review of Maritime Transport 20151 In South America, the largest ship-owning country (in deadweight tonnage) continues to be Brazil, followed by Mexico, Chile and Argentina. The African country with the largest fleet ownership is Angola, followed by Nigeria and Egypt. China ranked highest on the UNCTAD Liner Shipping Connectivity Index, which provides an indicator of a…
Found in 247 News & Content,
with a score of 1.55
…Hope and shippers are facing new disruptions to their global supply chains. Read More: A.P. Moller-Maersk, Hapag-Lloyd Halt Commercial Shipping in Red Sea Shipping Rates Are on the Rise as Disruptions Continue in Red Sea, Panama Canal Tech Investment, Addressing Overcapacity Among 2024 Focus for Global Container Shipper Industry “The impact to networks is growing though, and this cost-benefit analysis keeps adjusting,” he added. “Additional risk-related surcharges, significant spot rate increases, higher fuel costs and emissions, slower transit times, and service disruptions are all unwelcome impacts from these disruptions and will continue to influence transportation decision-making.” East Coast ports could…