China Wants Its Cargo Ships to Use Faster Northwest Passage in Arctic Ocean
BEIJING — China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper reported April 20.
Mississippi House Panel Rejects Sales Tax Hike for Infrastructure
Mississippi's Legislature rejected a sales tax hike for infrastructure improvements despite a think-tank report stating an inadequate transportation system is costing residents $2.25 billion per year.
272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore
Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.
Shipping Index Plunges to Fresh Record Amid China Steel Slump
The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
Holiday Online Orders Have Shippers in Highest Gear
The holiday shipping season is in overdrive now, with the next two Mondays expected to be among the busiest of the year.
Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
Developers Converting Shipping Containers Into Structures for Business, Residential Use
There is nothing glamorous about shipping containers. Their existence generally is one of sheer duty, hauling cargo from one point to another.
China Shipping Merger Still Leaves Capacity Challenge in Place
China could be creating Asia’s biggest container shipping company through a merger of two titans. But the plan doesn’t address the central issue confronting the industry for at least five years now: too many ships, with too much cargo space, plying the seas.
August 13, 2015Ocean Shippers’ Capacity Exceeding Cargo Demand
Container lines around the world continue to add shipping capacity faster than cargo demand grows, increasing long-standing pressure to reduce freight rates and slash costs, industry experts said.
Black Friday Fizzles With Consumers as Sales Tumble 11%
Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the holiday season.
December 1, 2014