Taneli Ruda, head of ONESOURCE Global Trade, said companies can exert little control over the macro conditions that impact trade, but they can use today’s low-growth trade environment as an opportunity to review and optimize their processes.
Despite a populist backlash championed by Donald Trump against the outcome of free trade deals, Sen. Johnson and other Republicans are cautioning against protectionism.
The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
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Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
Hayes Howard, CEO of BlueWater Reporting, has analyzed recent occurrences in the container shipping industry regarding HMM’s bid to join the 2M Alliance, along with Korea Line’s purchase of certain Hanjin assets.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.