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Ocean Transportation: Page 149

The Painful Lessons of the Hanjin Bankruptcy

Having weathered numerous downturns in the past, major container lines might have thought they were immune from the laws of supply and demand. Now they know better.

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Schneider Electric's Journey of Supply-Chain Transformation

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'Fully Autonomous' Ocean Vessels Will Still Rely on Humans, Study Finds

Research in the design and development of fully autonomous and unmanned merchant vessels could reduce human error and provide financial savings through crew salaries and the omission of crew accommodation. However, these vessels, monitored from land, will require high-quality and reliable communication systems between the unmanned ship and shore. The communication systems are critical for safety and security and will come at a high cost.

Ocean Movement of Perishables Likely to Continue to Be Growing Market

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 -- and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes, increasing by an average of 2.5 percent per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.

Allianz Group Unit Launches Inland Marine Insurance Product

Allianz Global Corporate & Specialty (AGCS), the specialist corporate insurer of Allianz Group, has launched Transportation Block 2020, a comprehensive inland marine cargo insurance product.

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Hanjin Bankruptcy Not Expected to Greatly Impede Retail Imports

Import cargo volume at the nation's major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Grimaldi Group Launches Intermodal Link With Venice, Lübeck

Grimaldi Group has signed an agreement with the Venice Port Authority and Lübeck Port Authority for creation of an intermodal connection via the ports of Venice and Lübeck, to connect points in Sweden, Finland and Russia with southern Italy and Greece.

Support Grows to Include Ocean Shipping Emissions in EU CO2-Control Initiative

A proposal to include emissions from shipping in the European Union's 2030 emissions reduction target through the E.U. emissions trading system (ETS) has gained cross-party support among members of the E.U. parliament.

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Ocean Container Rate Increases on East-West Trades 'Disguise' Industry's 'Fundamental Weakness'

The recent increase in container freight rates on major east-west trades is no more than a flimsy disguise for the "fundamental weakness" of the ocean shipping industry, according to ocean freight rate benchmarking and market intelligence provider Xeneta.

Inchcape Shipping Service Opens Office in Amsterdam

Inchcape Shipping Services has opened an office in Amsterdam, its second in the Netherlands.

Offshore Maintenance Market Expected to Bounce Back from Oil Price Decline

Forecasts call for a steady recovery from the recent oil price downturn in the offshore maintenance market with spending expected to improve significantly between 2017 and 2021.

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Where Are All the Holiday Season Imports?

This summer, dockworkers, truckers and railroads geared up for a surge of retail goods passing through U.S. ports that hasn't occurred. Imports are flat at major seaports on both coasts heading into peak shipping season, the stretch in late summer and early fall when retailers usually load up on imported toys, clothing and other merchandise to sell to holiday shoppers. If the trend holds, it will be the second year in a row without a traditional peak.

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