Ocean

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.

While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

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.

November volume was estimated at 1.53 million TEU for a 3.6 percent annual increase, with December pegged at 1.48 million TEU for a 3.2 percent increase. And for all of 2016, the report is calling for volume to be up 1.6 percent annually at 18.6 million TEU compared to 2015’s 18.2 million TEU, which was up 5.4 percent over 2014. The first half of 2016 saw a 1.6 percent annual increase at 9 million TEU. The 1.6 percent estimate is lower than last month’s 2.2 percent prediction.

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.

With the fast-paced changes of globally connected economies and shifting regional opportunities, marine operators need to transform themselves to be efficient and predictable.

The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster using a first-of-its-kind port information portal, which will deliver fast, data-driven insights to enhance maritime supply chain performance and better serve ultra-large container vessels.

A.P. Møller - Mærsk A/S, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices which it said were down 16 percent year-on-year.

The announcement that three Japanese shipping groups will merge their liner shipping businesses is further evidence of survival M&A sweeping the industry according to global shipping consultancy Drewry.