272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore
Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.
February 29, 2016Shipping Index Plunges to Fresh Record Amid China Steel Slump
The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
December 15, 2015Holiday Online Orders Have Shippers in Highest Gear
The holiday shipping season is in overdrive now, with the next two Mondays expected to be among the busiest of the year.
December 14, 2015Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
December 7, 2015Developers Converting Shipping Containers Into Structures for Business, Residential Use
There is nothing glamorous about shipping containers. Their existence generally is one of sheer duty, hauling cargo from one point to another.
August 31, 2015China Shipping Merger Still Leaves Capacity Challenge in Place
China could be creating Asia’s biggest container shipping company through a merger of two titans. But the plan doesn’t address the central issue confronting the industry for at least five years now: too many ships, with too much cargo space, plying the seas.
August 13, 2015Ocean Shippers’ Capacity Exceeding Cargo Demand
Container lines around the world continue to add shipping capacity faster than cargo demand grows, increasing long-standing pressure to reduce freight rates and slash costs, industry experts said.
June 29, 2015Three Ocean Carriers Plan New Alliance
France’s CMA CGM, the world’s third-largest container shipping company, has signed an equipment sharing alliance with China Shipping Container Line and United Arab Shipping as carriers continue to seek new partners.
September 9, 2014New Website Offers Data On Trucking Firms, Shippers, Brokers
Data Driven Shipping, based in San Diego, has launched a website that allows users to download trucking industry data to the program of their choice on their computer or mobile device.
September 3, 2014Retailers Revamping Distribution Strategies to Deliver Directly to Shoppers, Merchants Say
The world of retail shipping is being turned inside out, led by a high-tech-driven shift in goods transportation.
February 24, 2014