maritime shipping

Global Trade Revolution and Standardized Containers

  • The process of loading and unloading as goods were transferred from one method of transportation to another remained very labor-intensive, time-consuming and costly.
  • Containers from a ship being transferred onto a smaller rail car, for example, often had to be opened up and repacked into a boxcar.
  • Different-sized packages also meant space on a ship could not be effectively utilized and also created weight and balance challenges for a vessel.
  • And goods were more likely to experience damage from...

https://mfame.guru/global-trade-revolution-and-standardized-containers/

FreightWaves Classics: Northwest Seaport Alliance is first of its kind

An aerial view of the Port of Seattle in 2020. (Photo: Northwest Seaport Alliance)

Overview

Washington state’s two largest ports – Seattle and Tacoma – formed the Northwest Seaport Alliance (NWSA), a “marine cargo operating partnership” in 2014. The Alliance is the first of its kind in North America.

As a combined entity, the NWSA is North America’s fourth-largest container gateway. Under a port development authority, the NWSA manages most marine cargo facilities in both ports, including all containerized cargo operations, breakbulk, automobiles, project/heavy-lift cargoes, and...

https://s29755.pcdn.co/news/freightwaves-classics-northwest-seaport-alliance-is-first-of-its-kind

FreightWaves Classics: St. Lawrence Seaway connects mid-North America to the world

A ship moving through the St. Lawrence Seaway. (Photo: Great Lakes St. Lawrence Seaway System)

The 63rd navigation season on the Great Lakes-St. Lawrence Seaway System was launched on March 22nd during an official opening ceremony.

“Moving goods by water through the Seaway ensures trade is flowing freely between the U.S.
and Canada while also reducing emissions,” said U.S. Secretary of Transportation Pete Buttigieg.
“After 62 years of operation, the binational Seaway System remains a model of international
cooperation and partnership and showcases how we can work together to address the...

https://s29755.pcdn.co/news/freightwaves-classics-st-lawrence-seaway-connects-mid-america-to-sea

FreightWaves Classics: Port of Savannah has experienced tremendous growth

The Garden City Terminal, a key part of the Port of Savannah. (Photo: Georgia Ports Authority)

The Port of Savannah is located 18 miles inland from the Atlantic Ocean at the mouth of the Savannah River just south of the Georgia/South Carolina border. 

It is the third-largest seaport in the United States in terms of cargo volume. The Port of Savannah is owned and operated by the Georgia Ports Authority (GPA), a state agency. The port includes the Garden City Terminal, the Ocean Terminal and the Savannah Terminal Railroad. The port is the largest single container terminal in North America.

Th...

https://www.freightwaves.com/news/freightwaves-classics-port-of-savannah-has-experienced-tremendous-growth

GSCW: Rough waters ahead — Freightonomics

Ocean shippers are still battling port congestion, container shortages and high rates without relief in sight. On this episode of Freightonomics during FreightWaves’ Global Supply Chain Week,Zach StricklandandAnthony Smithtalk to Colorado State Assistant Professor Zac Rogers about the woes plaguing maritime shipping. 

Rogers cited the latest edition of the Logistics Managers Index in his analysis of the current state of the maritime market. He said all three price metrics in the supply chain are...

https://www.freightwaves.com/news/gscw-rough-waters-ahead-freightonomics

US exposes North Korea blockchain plot to evade ship sanctions

A North Korean computer hacker has been charged in a plot using blockchain to get investors to unknowingly fund North Korean cargo ships with cryptocurrency as a way to evade U.S. sanctions.

The hacker, known as Kim Il, was part of a group of three computer programmers named in a federal indictment unsealed Wednesday in Los Angeles by the U.S. Attorney’s office. The indictment exposes a wide-ranging conspiracy to steal and extort more than $1.3 billion in money and cryptocurrency from financial...

https://www.freightwaves.com/news/us-exposes-north-korea-blockchain-plot-to-evade-ship-sanctions

E-commerce growth furthers interest in direct-from-origin shipping options

In recent years, consumers have consistently put pressure on companies to amp up their online options. E-commerce sales have steadily grown year-over-year for the last couple of decades. E-commerce’s share of total retail sales has historically climbed about 1% each year. That changed in 2020. 

Americans’ previously slow-growing fervor for online shopping was shifted into high gear when the coronavirus pandemic started making its way across the nation in March 2020. According to U.S. Census...

https://s29755.pcdn.co/news/e-commerce-growth-furthers-interest-in-direct-from-origin-shipping-options

Maritime History Notes: Pioneering LNG carriers

LNG oversea shipments began only 62 years ago.

The explosive growth in natural gas consumption was made possible by a revolutionary means of sea transportation.

Today, shipment of liquefied natural gas (LNG) is a routine maritime event. There is a fleet of over 300 ships capable of carrying such cargoes, including many ships with the ability to carry 100,000 tons or more. Earlier this month, it was reported that the daily charter rate for a ship was $350,000. This is the highest rate ever paid for a cargo ship. However, it was only 62 years...

https://www.freightwaves.com/news/maritime-history-notes-pioneering-lng-carriers

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