Ocean

If seaport tenants cannot safely and efficiently operate their businesses, including moving cargo on and off ships, repairing vessels, and ensuring that ships are adequately supplied, it is the seaport that will ultimately suffer through lost business as shippers move to other ports and volume declines.

The finances needed to run a carrier today are enormous, as are the risks to shippers that a carrier disappears suddenly and rates quadruple; a hedging ability would remove much of the financial risk that continues to threaten the container industry today.

In this report, we examine Best-in-Class companies’ performance on their global logistics costs and how benchmarking and pricing transparency for shipping containers can improve their global cost structure.

Hanjin’s collapse could not have happened at a worse time, with cargo volume at near-peak levels ahead of the year-end holiday season.

Research shows that effective price management can increase margins by 2 to 7% in as little as 12 months, and yield a 200 to 350% return on investment.

AP Moeller-Maersk A/S's container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea's two biggest shipping firms, according to Jefferies International Ltd.

The economic impacts of the Hanjin Shipping bankruptcy are unclear, but seeing as how an 8-day strike in California ports skewed economic data for months and that Hanjin handled 8% of US Pacific trade, we're guessing there will be some economic effect.

After two years on the job, Port of Long Beach’s CEO Jon Slangerup abruptly announced he would step down as head of the nation’s second largest port, effective Oct. 31.

South Korea's government has said it might provide Hanjin Shipping with loans to keep the bankrupt giant afloat.

The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tons of goods being carried by the Korean company will reach shelves.

South Korea’s biggest shipping line, Hanjin Shipping Co., filed for bankruptcy protection on Wednesday as falling trade volumes claimed another victim, shipping is one of the sectors in which South Korea is a global leader, so what does this recent collapse tell us about world trade?

In an exclusive interview with Supply Chain Management Review's Patrick Burnson, Jonathan Gold, vice president, supply chain and customs policy for the National Retail Federation shares his views and forecasts on the ocean cargo supply chain.

A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates.

The Port Authority of New York and New Jersey and GCT USA welcomed the MOL Benefactor – the largest container ship ever to call on the Port of New York and New Jersey at GCT Bayonne – during its maiden visit at noon on Friday, July 8, 2016.

Rolls-Royce presents a vision of a future land-based control centre, known as the ‘oX’ operator experience concept, in which a small crew of 7 to 14 people monitor and control a fleet of remote controlled and autonomous vessels across the world.

Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporate & Specialty fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross tons.

Creditors of Hyundai Merchant Marine today rejected a rescheduling of the troubled shipping company’s debt, pushing it to the verge of bankruptcy.

The Panama Canal expands in 2016, allowing for more and larger (post-Panamax) ships to make the passage from East Asia to the United States.

Despite reporting a nine-month profit of $110.22m, Mitsui OSK Lines (MOL) is forecasting a full loss of $1.45bn for the year ended 31 March 2016 as it undertakes structural reform of its container shipping and dry bulk businesses.

Amazon.com Inc's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.