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Think Tank
Ocean Transportation: Page 125
‘Punched in the Face’: U.S. Floods Snarl Trucks, Trains, Barges
Hundreds of barges are stalled on the Mississippi River, clogging the main circulatory system for a farm-belt economy battered by a relentless, record-setting string of snow, rainstorms and flooding.
Improving Supply Chain Efficiency Through IoT Technology
The global supply chain has become extremely complex. Proctor and Gamble has more than 75,000 suppliers, while Walmart counts more than 100,000. With so many suppliers in the mix, companies are finding it extremely challenging to keep tabs on their shipping containers.
Navigating This Year's Biggest Challenges, Opportunities in Global Trade
Christian Pedersen, head of ocean product and revenue management at Maersk, discusses the uncertainty created by trade tensions between the U.S. and its global partners.
Sliding Freight Rates Send More Big Bulk Ships to Scrapyards
A sharp decline in dry cargo ship freight rates in the first quarter sent more giant ships to scrapyards in Southeast Asia.
Shipping Industry Isn’t Ready for Looming Low-Sulphur Fuel Requirement
The “IMO Scramble” isn’t the name of a new breakfast dish at a fast-food restaurant. It describes the plight of ocean carriers, who find themselves woefully unprepared for a new mandate on switching to cleaner-burning fuel.
Safety Advocates Warn Against Trump's LNG `Bomb Train'
President Trump wants to allow natural gas to be shipped in railroad cars, a move that would open new markets hungry for the fuel but could risk catastrophic accidents if one were to derail.
Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
Accurate Classifications Eliminate Demurrage Costs for Furniture Importer
Challenge:
A U.S. furniture importer with over 100 shipments per month from China experienced costly demurrage and delays due to untimely entry filings. Lengthy and complex invoices made it difficult to determine whether the goods — which included bed parts and other furniture components — should be classified as individual parts, complete beds or other complete furniture items. These time-consuming entries resulted in late filings, and the delays put the company at risk for chargebacks from big-box retailers.
Container Shipping Can Help Diversify International Sales of U.S. Soybeans
It’s no coincidence that several expanding markets for U.S. soybeans are taking advantage of beans shipped in containers, rather than bulk.
Britain’s No-Deal Ferries Get Ready to Set Sail Two Weeks Early
Britain’s no-deal flotilla is getting ready to set sail, shuttling trucks carrying critical goods into the country starting Friday.
Ship Operators Raise Alarms Over String of Vessel Fires
The international shipping industry is wrestling with a spate of fires aboard vessels at sea in recent months that have cost companies and their customers hundreds of millions of dollars in damages.
Ocean Carriers Have the Upper Hand Over Shippers — For Now
In the never-ending struggle for advantage between shippers and ocean carriers, the latter appear to have the upper hand for the moment.
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