SITA moves into maritime with its new brand, SmartSea. CEO Julian Panter gives an inside look at why he believes SmartSea’s model should be an industry standard.
Blank sailings are a major factor in maritime shipping and are increasing after ocean carriers gorged on higher Red Sea rates while they could thanks to added capacity. With capacity now cut, rates are rising again.
The transportation industry is a major contributor to climate change. Turmoil in maritime shipping is forcing route diversions that are spiking emissions, reflected in data from Xeneta.
Shippers should lock in certainty with airtight ocean carrier contracts that ward off surcharges.
Tankers and bulk vessels continue to avoid conflict in the Red Sea, at increasing rates, according to new data from Lloyd’s List Intelligence.
In 1986, the Federal Maritime Commission put a stop to a six-month legal case against a Singaporean shipping line after it decided there was nothing to the case.
This article from American Shipper’s archives gives a detailed look at “the business of disaster” in maritime in the 1980s, including marine salvage and issues surrounding liability.
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
In 1980, maritime workers became enraged by the maritime omnibus bill, resulting in the Boilermakers’ international president threatening to stop building ships in the United States.
In 1979, South Korea — officially the Republic of Korea — imposed a law reserving 100% of cargo in the country for Korean-only vessels. The decree sparked protests organized by U.S. shippers nervous that the monopoly would raise freight rates.
Oil spills, groundings and collisions were the subject of continuous news coverage in 1976 and 1977. There were so many maritime disasters that it piqued Americans’ interest in foreign maritime dealings.
Shipping CEOs see an increasing risk of a global economic crisis in the decade ahead.
