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International, Shipping

Last Call for Shippers to Take Advantage of Low Ocean Rates

  • January 5, 2018
After a 2017 in which ocean carriers fought to stabilize their industry, rates may be about to drop again in 2018. Tepid economic forecasts and the persistent problem of overcapacity could keep contract rates low for much of the year. While this may be a boon to shippers, the year ahead has plenty of potential […]
International, Shipping

Puerto Rico and The Jones Act: A Crisis 97 Years in the Making

  • October 13, 2017
Three weeks after Hurricane Maria made landfall in Puerto Rico, the island remains devastated, with the vast majority of residents without electricity, and many without access to clean drinking water, medicine, or food. The situation has brought several logistical issues to the forefront of public consciousness, as Americans struggle to understand why the United States […]
Industry News, International, Shipping

Hurricanes Cause Spot Rate Hike, Capacity Crunch

  • September 29, 2017
2017’s punishing (and still unfinished) hurricane season is tightening freight capacity and driving up spot rates throughout the US, altering the shipping landscape in ways that are likely to last as long as the massive rebuilding effort from Harvey and Irma. The far-ranging impact of the storms, combined with the looming ELD mandate and high […]
International, Shipping

Have We Reached the Peak – Cosco and OOCL Merger

  • July 14, 2017
On July 1, China’s state-owned Cosco Shipping Holdings announced a bid to purchase a controlling share of Orient Overseas (International) Ltd. (OOIL) for a staggering $6.3 billion. Cosco’s acquisition of OOIL marks the latest (and possibly the last) in a wave of carrier consolidation that is reshaping the international shipping industry, which has struggled to […]
International, Shipping

West Coast Ports Lose Their Grip on Asian Imports

  • June 16, 2017
For decades, the majority of Asian Imports have passed through West Coast ports, but that balance seems to be shifting. The East Coast, Gulf Coast, and even Canada are each claiming a larger share of the market, a trend that will likely continue as ports grow to accommodate a new wave of mega carriers. According […]
International, Shipping

Are Carrier Alliances Colluding Against Domestic Service Providers

  • May 19, 2017
The international shipping industry is caught in a dramatic conflict between US legislators and several massive carrier alliances, with the Federal Maritime Commission (FMC) and domestic service providers caught in the crossfire. This conflict raises many questions regarding whether these alliances violate US antitrust law, whether the laws themselves need to be updated, and what […]