It’s not exactly been smooth sailing for the global shipping industry of late. But there are rays of light in this cloudy period and there is ample cause for optimism moving forward. One of the largest reasons for maintaining a bright outlook comes from a recent review that shows the shipping industry saw losses decline […]
In an effort to shore up the struggling global shipping economy, several of the major international shipping and logistics players are forming strategic alliances with one another. The Wall Street Journal announced recently that Chinese container operators China Ocean Shipping Co. (COSCO) and China Shipping Group Co. have recently merged and are currently in the […]
Concerns about sustainability are exerting a growing influence on a growing number of industries. From winemaking to space travel, finding ways to conduct operations in an eco-friendly manner is becoming an integral part of how companies do business in the 21st Century. Add to that the increasing pressure of laws, treaties and regulations, and it’s easy […]
The global shipping industry has joined the fight against wildlife trafficking, promising to help shut down transport routes used by traffickers. The Sustainable Shipping Initiative is backed by more than 40 organizations involved in international goods transport, including port operators, shipping companies, and airlines that have all pledged to end wildlife trafficking.
In the latest survey of confidence in the shipping industry, things looked pretty murky, with some in the industry projecting a bleak outlook at the start of 2016. Despite this, however, there are hopeful indications that continue to buoy many experts who maintain that, while the seas might be choppy now, the storm won’t last […]
Much of the world hears the words “shipping industry” and thinks it must be pretty simple. Stuff is put on a big boat, it goes someplace, then the stuff is taken off the boat and ends up at your local retail store or at the car dealership around the corner. The reality, as anyone in […]
At its core, the logistics industry is an industry of information. Successful third-party logistics are based on controlling the flow of information. Properly managed logistics involve the careful coordination of various systems of organization and management to ensure things move from producer to consumer with maximum efficiency. When the technology those systems of information are […]
Believe it or not, the high seas are still among the world’s least regulated and governed spaces — a hotbed for black market business, crime, and other unsavory practices. Though over 90 percent of the world’s trade is transported by sea, the prevailing attitude in the maritime world, in terms of security, is surprisingly lax. […]
While it’s true that China’s annual GDP growth is the lowest that it’s been since 1990, the slowdown from a 7.3 percent GDP in 2014 to 6.9 percent in 2015 was expected, and isn’t very far off from economists’ predictions of around 7 percent. So why does everyone seem so alarmed?
Around the world, headlines are piling up about the slowdown in shipping cargo. Some articles place blame on China’s faltering economy. Others point to the strong U.S. dollar. Even some experts admit they have yet to identify the cause. However, the California Ports of Los Angeles and Long Beach don’t seem to have gotten the […]