The P3 Network Restructures the Shipping World

The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission, and China’s Ministry of Transport, carriers outside the P3 are aggressively taking steps to stay competitive regardless of the regulators final decision. [Read more...]

Looking Back on The Container Shipping Industry in 2013

It was a most interesting 2013, and the top stories look to make 2014 even more challenging. The gap between the expectations of carriers and shippers continues to widen, and the ramifications and possible repercussions threaten to change ocean shipments. [Read more...]

The Upcoming Crisis in Supply Chain Management

It would seem that shippers and carriers are mortal enemies to listen to the shipper rhetoric of past months. Although both sides need each other in order to exist, shippers claims allegedly manipulated freight increases have reached new levels even as many carriers continue to report dismal earnings. [Read more...]

The Secret to CMA CGM’s Road to Profitability

Until the last couple of weeks; most of the news coming from the shipping world features is bad: shipping rates falling to ruinous levels, whether or not the P3 carriers are attempting to drive other carriers from the oceans, and how U.S. unions are driving plucky carriers like Hanjin from the ports or calling wildcat strikes in Baltimore. [Read more...]

How the Piracy Problem Affects You

Perhaps Tom Hanks has done the maritime world a favor. Unlike those actors and singers who loudly adopt a cause or a baby from some ugly part of the world and then disappear, “Captain Phillips” has re-opened the issue of piracy that costs carriers and shippers – and therefore consumers – billions of dollars annually. [Read more...]

The P3 Network – The Box Carriers Work for Stability

In June 2013 Maersk, MSC, and CMA CGM, announced an agreement to establish a long-term operational alliance. Called the P3 Network, their goal is to improve operations by rationalizing and optimizing service offerings. It’s important to note the announcement was made in the midst of yet another capacity oversupply which has driven rates down 60% from their highs of just one year ago and the impending arrival of 20 (3 now delivered) 18,200+ TEU Megaships arriving through 2016. [Read more...]

Prince Rupert Port Authority; the new force in North American Container Ports

Known mostly to those in the China-North American trade, Prince Rupert Port, managed by the Prince Rupert Port Authority (PRPA), has become a beacon for access into the Canadian and American markets. Boasting the closest port to Asia on the North American West Coast, their year-round deep-water access has attracted the attention of both the major shippers and carriers in this lane. [Read more...]

Get Bigger or Get Out; The Mega-Vessel Changes the Shipping World

Maersk fired a shot across the bow of the container ship world in 2011 when they announced they had placed an order for an 18,500 TEU super-container ship; the world’s largest non-bulk tanker vessel ever built. Currently they have two “Triple E’s” in their fleet, with 17 more being built and in-service by June 2015. [Read more...]

An Interview with: Howard Finkel, Executive Vice President, Cosco Container Line Americas

Cosco Container Lines Americas, Inc, is an integral part of China Ocean Shipping Co., the national flag carrier of the People’s Republic of China. Established in 1961, Cosco has consistently been one of the world’s fastest growing shipping company over the past decade and is now one of the largest container operators in the world. The company’s core international shipping business consists of Chinese imports & exports and 3rd-country trade. [Read more...]

How to Avoid Overpaying On Improper Shipping Invoices

Many firms find themselves struggling today to stay afloat as restrictive bank lending, rising problems collecting receivables, and reduced consumer and business demand have combined to make running a profitable business very difficult. Companies surviving and thriving in this environment are going back to the basics and analyzing every aspect of their operations – and one of the first areas that should be analyzed is Accounts Payable. [Read more...]