Ocean

A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S. Commerce Secretary Penny Pritzker.

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?

With the new SOLAS Regulation that came into effect in July 2016, there has been a lot of discussion about what the new ruling entails, and what it will mean for the industry.

What is SOLAS? Why is it necessary and what are its implications? SEKO Logistics explore this and many other consequences of the SOLAS convention.

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.