3 Major Japanese Container Shipping Lines to Consolidate | 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.
» Read More
Countdown to Black Friday: From across Oceans to Store Shelves.Transportfolio
Black Friday: a shopping bonanza for bargain-hungry consumers and a day of record-breaking sales for retailers. It’s also the ultimate test of preparedness for supply chain professionals. Planning for the holiday surge starts months in advance—a step that’s even more critical when your freight needs to cross oceans. » Read More
East and West Coast Ports to Battle for U.S. Region After Panama Canal Expansion.Transportfolio
Editor’s note: This post originally ran in October 2015. Since the Panama Canal is scheduled to open this Sunday, June 26, we wanted to share it with you again.
You might think that shippers along the East Coast will be the biggest beneficiaries of fierce competition between the East and West Coast ports. In fact, the battleground on which ports compete for customers will likely expand and move several hundred miles west, toward Chicago and Memphis. It will take in other metropolitan areas like Detroit and Columbus, and encompass a newly contested region that accounts for more than 15% of the U.S. GDP. » Read More
Global Transportation, Logistics
SOLAS and Container Weight FAQs: What Shippers Need to Know | Transportfolio
If you ship products globally, you probably know changes were made to the Safety of Life at Sea (SOLAS) Convention in 2016. SOLAS, while not new, got an update when it comes to ocean shipping weight requirements.
What is SOLAS?
What is SOLAS? | Transportfolio
SOLAS is not a government led initiative, it is a rule from the International Maritime Organization (IMO)—a global authority for the safety, security, and environmental performance of international shipping—and was first introduced in 1974.
» Read More
Global Forwarding, Global Transportation
How Mega Ships Impact Ocean Freight Logistics | Transportfolio
We all know that when we go to the store to purchase an item, we often look for a good bargain. After all, when we save a few dollars here and there, it starts to add up. With this in mind, let’s apply the same thinking upstream. Putting production and labor costs overseas aside, transportation becomes the prime target to help drive down costs. As a result, ocean vessels have gotten larger. It’s pretty simple—the more containers you can fit on a vessel, the lower the operational costs are, which can be passed on to consumers for better bargains on the shelf.
» Read More
Carriers, Global Forwarding, Global Transportation, Logistics