When we think of globalization, we automatically think of the modern sense of the word: a world in which we are all connected through trade networks and supply chains that encapsulates the globe as a whole. Although this globalization is on an unprecedented scale that has never been seen until now, many of the routes […] The post Global Trade: Then and Now appeared first on More Than Shipping ..read more

Mediterranean Shipping Company (MSC) recently reached another key milestone, extending its advantage over competitors. The achievement comes on the heels of a hot shipping market, particularly for secondhand and charter vessels. MSC has surged past the six million TEU milestone with its latest figures. According to the most recent Alphaliner Top 100 league table, MSC […] The post MSC Shatters Records: Surpasses 6 Million TEUs Amidst Explosive Market Growth appeared first on More Than Shipping ..read more

The U.S. Maritime Administration (MARAD) recently announced new grants totaling $8.75 million would be granted to a number of small shipyards across the U.S. The Biden Administration, through the U.S. Maritime Administration, announced that $8.75 million in new grants will be administered to 15 small shipyards across 12 states. The grants come as part of the Small Shipyard Grant Program, which aims to improve maritime infrastructure by helping shipyards modernize their infrastructure, increase efficiency, grow job opportunities, and compete within the U.S. U.S. Transportation Secretary Pete Bu ..read more

MSC, the world’s largest ocean shipping company which serving with a fleet of 830 vessel across 520 ports, will collaborate with NYSHEX to develop and improve ocean contracts, commercial staff management, and automatic alarms on upcoming milestones and booking/route patterns. Through this collaboration, NYSHEX will enhance commercial awareness and visibility in real-time vessel schedules for MSC, promoting efficiency and proactivity. Alongside this digital transformation, MSC emphasizes the importance of providing a “personal touch” through its agents, aiming to make customers feel valued and ..read more

When Hurricane Beryl made landfall in Texas earlier this week, it had already made headlines for a chilling reason: it was the earliest Category 5 hurricane in the Atlantic Ocean and Gulf of Mexico in recorded history. Thankfully, the storm weakened when it struck Texas as a Category 1 hurricane earlier this week. The hurricane made landfall in Matagorda, Texas, close to Houston. While not a direct hit on Houston, the hurricane has already had significant impacts on shipping, logistics, and the supply chain for Texas and the U.S. Gulf Coast. There were a few areas significantly affected by the ..read more

Could relief be coming – in the future – for the Panama Canal and its low water issues? Panama’s Supreme Court has issued a new ruling that could clear the way for a new reservoir to solve the canal’s low water level issues. Due to low water levels in the Panama Canal, the Panama Canal Authority has been limiting the number of ships that can pass through the canal per day. This has led to extraordinary delays, and has been compounded by other problems in the global supply chain, such as the Red Sea Crisis blocking off the Suez Canal route, global instability, and more. Panama’s goal has been t ..read more

The world is watching closely as a possible ceasefire nears agreement between Israel and Hamas in the long-running conflict that began on October 7th, 2023. Israel has sent a delegation to negotiate the terms of a ceasefire that could last as long as six weeks and turn into a permanent ceasefire. Decisions will be made in the coming days. Hamas has already accepted the framework of the deal, and Israel has signaled it is willing to do the same. Needless to say, the entire shipping and logistics industry is watching the news wondering: what’s next and how will it affect the global supply chain ..read more

Around this time last year, it appeared as though the “normalization” of the supply chain was set to continue post-Covid. However, since the Houthi attacks in the Red Sea began in October 2023, geopolitical tensions and operational disruptions have caused freight rates to further their climb. More than sixty vessels have been targeted by rebels through missile and drone strikes. These hostile activities along the Red Sea and the Gulf of Aden have led to the death of four sailors. One ship has been seized and two others have sunk. This has forced carriers to divert ships and seek alternative ro ..read more

South Korea-based Hyundai Merchant Marine (HMM) is now a controlled carrier, per the Federal Maritime Commission (FMC). HMM is the latest shipping line to be added to the list. The FMC made the addition to its controlled carrier list due to HMM’s close connections and collaboration with the government of South Korea. Earlier this year, two state-owned banks in South Korea purchased ownership stakes in HMM. Being named a “controlled carrier” means that the Federal Maritime Commission, which regulates the shipping industry as it pertains to the United States, has determined the carrier in questi ..read more

Digitalization has become increasingly important in today’s logistics services. Logistics companies, such as MTS Logistics, are launching software to help track shipments and stay on top of the supply chain. This is necessary to compete in the new world of shipping in the digital era. In this article, we will look at the benefits of a well-rounded and professional software solution, like the one provided by MTS Logistics. With MTS Logistics’s PO Management software, you can easily track your shipments step by step, starting from when they leave the factory. You can do this in real-time using y ..read more