Ocean

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.

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.

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).

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.

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.

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.

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 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.

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 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 is creating an ambitious project that will create 1,700-metre long passageway underneath rocky peninsula for cruise and freight ships by 2023.

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.

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.

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 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.

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.

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.

August was a busy month for AAPA and three of its member ports that participated in “Influencers Roundtables,” industry forums and port tours.

Ports platform includes land & water freight transportation investments, port security and environmental enhancements.

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.