Articles
Ocean Shipping
Panama Canal Expansion: Locks and Load
The Panama Canal’s recent expansion has
widespread ramifications for global shipping.
Panama Canal Expansion Re-Routes Logistics for U.S. Businesses
Panama has completed the monumental $5.25-billion overhaul of the Panama Canal, which will have far-reaching implications for any business that employs or is part of an international supply chain. The Panama Canal can now accommodate ships that are one-third larger than before. These megaships carry 45 percent of the world’s cargo and will be able […]
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Panama Canal Expansion to Spur East Coast Shipping Boom
After nearly 10 years and $5.4 billion, worldwide shipping is in for a major shakeup. With the nearly triple-the-size expansion of the Panama Canal completed in late June 2016, a vastly increased quantity of goods will be able to easily traverse one of the world’s most important waterways. This change comes amid a slump in […]
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Global Logistics—October 2016
Overcapacity Problems Sink Hanjin Shipping Right in the middle of the peak ocean shipping season leading up to the U.S. holiday rush, South Korean ocean liner Hanjin Shipping filed for bankruptcy protection in one dozen countries in late August and early September 2016. Hanjin is the world’s seventh-largest ocean carrier, and handles nearly 8 percent […]
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Stop the Free-Flowing Expenses of Demurrage and Detention
Q: What are the concealed costs of demurrage and detention? A: High demurrage and detention costs are rampant as ports are becoming increasingly congested and disruptive events such as labor disputes are occurring more frequently. Worse still, these fees accrue on a daily basis, so there’s little room for negotiating the final bill. "Hidden" free […]
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Amid Hanjin Backlog, Shippers Can Turn to Port Strike Strategies
While news of Hanjin Shipping’s bankruptcy dominates today’s headlines, shippers will be feeling the ripple effects for weeks or months to come. Of the nearly 100 ships listed on the company’s latest operating vessel status report, dozens carry the status of “waiting in open sea.” Others are “arrested,” “embargoed,” or “returned to owner.” A scant […]
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Houston, We’ve Got a Problem
The Intermodal EXPO, held in Houston, Texas, in September 2016 as part of IANA’s 25th anniversary, includes some particularly unique historical aspects. For example, this is the second year the Intermodal Association of North America (IANA) and National Industrial Transportation League (NITL) will hold separate shows. The divorce was prompted by many issues—primarily low attendance […]
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Make Port Dray Street-turns Mainstream to Reduce Supply Chain Costs
Shipping containers used in the import and export process are the building blocks of global trade. These same containers are also one of the most underutilized assets in the supply chain. Empty container moves cost the industry over $10 billion (USD), annually. One highly inefficient part of the supply chain is container usage inland. In […]
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Cross-Border Trade is On a Roll
U.S.-Canada trade will continue to be a mutually beneficial partnership, as long as shippers keep their eye on the ball.
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Panama Canal Expansion: Four Keys to Unlocking its Potential
The Panama Canal’s new set of locks offers the opportunity to increase ocean transportation by more than twice the number of containers on one ship, creating a potential sea change in economies of scale. Here’s what shippers need to know. Today’s global macroeconomic and cross-border logistics environment is already incredibly complex, with higher U.S. domestic […]
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