Everyone is well aware of the contract negotiations occurring between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) between 2014 and 2015. A possible slowdown of production at the ports is forcing the cargo to just sit there during the negotiations, limiting ocean freight shipping activity.
As a result of…Continue
Added by Steven Lerner on February 27, 2015 at 5:11am — No Comments
China, the export king of the world, experienced a rather surprising month in January 2015. It seems that their exports declined in January 2015, with a 3.3% year-over-year decrease. It is rare China takes a step back from exporting cargo. Many experts predicted a 4% increase in exports during January from China. Specifically, export values took a nosedive with shipments to Hong Kong, Japan and the European Union. Last year, export values from China were…Continue
Added by Steven Lerner on February 24, 2015 at 5:31am — No Comments
If you have noticed the expanding size of cargo ships, then you are correct because the ships are getting bigger to hold more containers and to become more fuel-efficient. The result is lower costs, which is better for ocean freight shipping rates. The largest vessels of our time can range in size from 18,000 twenty-foot equivalent units (TEUs) to…Continue
Added by Steven Lerner on February 20, 2015 at 5:27am — No Comments
Chinese New Year, also known as the Lunar New Year, commences on February 19th. 2015 marks the year of the goat/sheep. Even if no one in your company celebrates this holiday, if your company engages in international shipping with the Far East, then you should pay very close attention to this holiday. The date for Chinese New Year can appear throughout January to February. Every year, the holiday is more than just a 1-day affair, with celebrations lasting about a…Continue
Added by Steven Lerner on February 10, 2015 at 5:02am — No Comments
President Obama recently released his budget for the 2016 fiscal year. While the Republican majority in Congress is expected to strongly oppose any of the President’s major proposals, it is interesting to see where the President wants to spend money in 2016. And the good news is that the logistics industry is slated to be a top priority for the President.
At the top of the President’s budget plan sits a transportation proposal for $478 billion over the next 6 years.…Continue
Added by Steven Lerner on February 6, 2015 at 5:22am — No Comments
It is no surprise that shippers want the best ocean freight shipping rates possible. That is why many shippers might speak directly to a carrier about signing a long-term shipping that usually lasts 12 months. The good news is that the contract provides some fixed prices for certain surcharges. However, there are numerous problems with some long-term contracts.…Continue
Added by Steven Lerner on February 3, 2015 at 5:21am — No Comments