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 […]
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 […]
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 […]
With the rate of ice melting around the North Pole accelerating over the last few decades, the possibility of new Arctic shipping passages opening up has become a hot topic of conversation. According to the National Snow and Ice Data Center, “Through 2015, Arctic sea ice has now been declining at a rate of 13.4 […]
Befitting the online retail giant’s existing strategy of aggressive expansion and industry domination, Amazon.com Inc. has recently made moves implying a possible venture into the world of global third-party logistics. In January, Amazon registered its China arm as an ocean freight forwarder with the U.S. Federal Maritime Commission (FMC), allowing for a more direct and […]
Having been excluded from the Paris Climate Change Conference, the shipping industry is now left to come up with its own standards on reducing carbon emissions, or potentially be subject to a hodge podge of rules from countries around the world.
The shipping industry was not immune to the effects of the recession and now, like every other industry affected by the financial upheaval of 2008-09, shipping is gradually working its way back to pre-recession levels. Could 2016 be the year that things really start to look up for shipping?
The shipping industry has long had to contend with the threat of seagoing pirates. However, more recently shipping has joined the growing list of business sectors vulnerable to a new kind of security threat–hacking. In the face of this rising threat, shipping owners and industry leaders the world over are looking for better ways to […]
While the ports of Los Angeles and Long Beach process over 14 million containers a year and remain unmatched in terms of sheer volume, new hubs are changing the face of the global logistics and supply chain industry. These hubs are being developed to provide more efficient routing, alleviate already congested ports, and support the […]