Logistics > Ocean Transportation | SupplyChainBrain

Ocean Transportation: Page 203

Initiatives in Florida to Enhance the State's Position as a Transportation Hub

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When Will Ocean Container Rates Stop Their Decline?

Average global freight rates have fallen to a 15-month low, according to Drewry's new online Container Freight Rate Insight.

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Ship Owners Who Pay Ransom Hinder Anti-Piracy Efforts

The recent revelation that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6m in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organized crime, said William H. Watson, president and COO of AdvanFort Company, a maritime security solutions provider.

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Asia-Europe Rates Likely to Take Hit as More Ultra-Large Container Vessels Are Launched

The deliveries of new ultra-large container ships that are scheduled later this year will further depress Asia-Europe freight rates unless carriers make more radical changes, Drewry Shipping Consultants report.

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U.S. Retail Import Growth Expected to Slow Significantly During Summer Months

Import volume at the nation's major retail container ports is expected to increase 3.3 percent in May over the same month last year, but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Maritime Group Wants Your Input on How to Lessen Your Paperwork Workload

A six-month consultation period is under way in which the International Maritime Organization (IMO) will seek widespread input on the administrative burdens that may result from compliance with IMO instruments.

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JDA Issues New Version of Transportation & Logistics Management App

JDA Software Group Inc. has released a new version of JDA Transportation & Logistics Management, the vendor's transportation-management system (TMS) software.

Why Is Maritime Industry Dragging Its Feet on Electronic Invoicing?

INTTRA recently conducted a global e-invoicing study that showed 100 percent of surveyed shippers/freight forwarders want to receive invoices electronically from their carriers, with 81 percent requesting it before the end of 2013. Yet today, most carriers still process their invoices manually, and therefore, so must their customers.

Penske Logistics Joins as Sponsor of 2014 3PL Study

Penske Logistics has become a sponsor of the 2014 edition of the annual Third-Party Logistics Study, joining Capgemini Consulting, Penn State University's Center for Supply Chain Research, Korn/Ferry International and eyefortransport.

Despite Excess Capacity, Orders Continue for 'Ultra Large Container Vessels'

Attempts by carriers to tackle the capacity overhang are being undone as new orders for Ultra Large Container Vessels (ULCVs) continue to make the headlines, according to Drewry's monthly report, Sea & Air Shipper Insight.

Deadline Coming for Accurate Declaration of Ocean Container Weights

When the MSC Napoli ran aground off the UK's south coast in January 2007, 137 out of the 600 containers it was carrying on deck were at least 10 percent heavier or lighter than was declared on the ship's manifest. In another high-profile accident, the capsizing of the Xpress Container Line vessel Deneb during unloading at Algeciras in June 2011, an even higher percentage of boxes - 64 out of 150 - were not laden as recorded.

Shipping Industry Rolls Out Safety Campaigns

Two major safety campaigns have just been launched, one from an international body representing freight forwarders and the other from a major container shipping line.

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