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Ocean Transportation: Page 141

U.S. Ports Forge Alliances to Keep Their Spots on Trade Map

U.S. seaports are joining forces, setting aside decades of regional competition over cargo as a wave of consolidation in the shipping industry threatens to cut some cities out of global trade routes.

World's Largest Container Ship Delivered

Mitsui O.S.K. Lines (MOL) has taken delivery of the world's largest container ship, MOL Triumph, from Samsung Heavy Industries.

Port Authority Group Launches Transportation Infrastructure Campaign

The American Association of Port Authorities (AAPA) has announced the launch of a campaign that will advocate for transportation infrastructure investment on behalf of the nation's manufacturers, farmers and other workers who count on modern and efficient seaports to move American products to vital overseas markets.

Assets in Motion: Internet of Things Delivers Real-Time Views

Analyst Insight: Visibility in the supply chain has long been a challenge that supply-chain managers have struggled with, especially when it relates to assets in motion. Fortunately, we now live in a world of constant connectivity, and with that the emergence of applications that enable true real-time visibility to assets or inventory in motion through the support of the Internet of Things (IoT). - John Santagate, research manager, IDC

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Maersk Line, Hapag-Lloyd Among Carriers Subpoenaed in Price-Fixing Probe

U.S. Justice Department investigators crashed a meeting of the world's 20 biggest container-shipping operators and gave subpoenas to top executives at several companies as part of a probe on price fixing, people with knowledge of the matter said.

Shippers Look to Sails to Cut Fuel Costs

The world's biggest shipping company is harnessing the power of the wind to cut fuel usage by introducing sails to its fleet.

Somali Pirates Hijack First Commercial Ship Since 2012

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said last week, the first time a commercial ship has been seized in the region since 2012.

How Shippers Can Protect Themselves Against Another Carrier Bankruptcy

Should shippers and ocean carriers have seen the bankruptcy of Hanjin Shipping Co. Ltd. coming?

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Improving Global Supply Chain Efficiency Calls for Industry Involvement

Analyst Insight: U.S. shippers have had ample reasons to be frustrated with the international supply chain in recent years. The industry has incurred multiple disruptions and increasing operating complexity that is likely to get worse before it gets better - unless we change the way we approach these challenges. – Adriene Bailey, chief strategy officer, Yusen Logistics (Americas) Inc.

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How Container Shipping Is Evolving in Asia's Changing Economies

The viability of the international container ship transportation industry depends on vibrant trade between distant nations, and that trade depends on cost-competitive manufacturing industries in the exporting nations, mainly China.

Calming the Bubble in Deep-Sea Cargo Markets

Analyst Insight: Slow post-recessionary recovery has fostered uncertainty in many markets, but few have felt the effects as strongly as deep sea cargo transportation. The market's emblem - an ancient, laboring ship that is slow to adapt to obstacles in its path - has become an apt metaphor for the market itself. Financial risk, absent demand and volatile inputs indicate that container shippers may be caught in a bubble - one that IBISWorld anticipates will burst by 2020 unless shippers change course. – Ashley Cruz, research analyst, IBISWorld Inc.

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A Grim 2017 Expected for Container Shipping

The outlook for global container carriers remains grim at the outset of 2017, says analyst AlixPartners in their latest industry report.

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