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About the Author

Sri Laxmana — Vice President, Global Ocean Product, C.H. Robinson

Sri has been with C.H. Robinson since 2000 and has served multitude of roles during his career. He has worked in Customs Brokerage, Ocean/Air Imports, Ocean/Air Exports, Business Development and Trade Management for a variety of trade-lanes. Sri is currently the vice president of global ocean product at C.H. Robinson. Sri is responsible for the global strategy, volumes and revenue for ocean transportation. Sri holds an engineering and business degrees and is based in Eden Prairie, MN.

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year | Transportfolio

ocean-shipping-contracts

The 2018-19 contract season for ocean shipping is here, and it’s time to think about the best way to approach negotiations. Of course, you want to control costs, consider options, and mitigate risks, but it will also be important to keep these five factors in mind as you talk to ocean service providers about the year ahead.
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Global Shipping Trends: What to Expect in 2018

Global Shipping Trends: What to Expect in 2018 | Transportfolio

Ocean-Shipping

Overall, 2017 has been a good year for the ocean shipping industry. It’s a big switch from 2016, when the bankruptcy of Hanjin, one of the largest container shipping providers, forced everyone to confront how volatile this industry really is. Now, at the tail end of 2017, we are starting to see most carriers’ operating margins improve, driven mainly by robust demand, positive inventory developments, and higher rate levels. While this is very positive for the shipping industry, you have to wonder. Will the positive recovery continue? Or is this simply part of the cycle we’ve experienced between 2008 and today—a vicious cycle where carriers are truly profitable for only 3 to 4 years at a time?
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4 Factors to Help Negotiate Better Ocean Shipping Contracts This Year

4 Factors to Help Negotiate Better Ocean Shipping Contracts This Year| Transportfolio

ocean-alliance

The 2017-18 ocean shipping contract season is underway. As you evaluate your budget and ponder the best way to approach negotiations, you will want to keep costs down, consider options, and mitigate risks. But this year, there are four other key points you will want to keep in mind as you talk to ocean service providers.
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Global Shipping Trends: What to Expect in 2017

Global Shipping Trends: What to expect in 2017. Transportfolio by C.H. Robinson

Global-Shipping-MegaShip-Tblog

The global transportation industry was dealt a year full of surprises in 2016, and with that came challenges. For most ocean carriers, the first three quarters were extremely challenging financially. While these financial pressures have been ongoing since 2009 due to several factors, overcapacity was certainly one of the most prevalent. Ocean carriers continue to see their average operating margin dip below zero as rates fell to their lowest levels since 2009. All of this mounted to the Hanjin bankruptcy, one of the largest container shipping bankruptcies in history. This action will continue to accelerate the carrier acquisition activities in 2017.
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3 Major Japanese Container Shipping Lines to Consolidate

3 Major Japanese Container Shipping Lines to Consolidate | Transportfolio

container_ship_consolidation_transportfolio

As we predicted in early 2016, consolidation within ocean shipping is something that will affect the industry in 2017 and beyond.

The latest consolidation effort involves Kawasaki Kisen Kaisha, Ltd. (“K” Line), Mitsui O.S.K. Lines Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha (NYK), three of Japan’s largest container ship lines. They have agreed to establish a new joint venture company by approximately July 2017. And by April 2018, business is expected to commence pending regulatory approvals.
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