Iran's Islamic Republic of Iran Shipping Lines (IRISL) has announced plans to order new 18,000 TEU (Triple-E type) container vessels from Chinese yards, according to Iran's Press TV.
Container volume at U.S. ports is expected to grow next year, but at a slower rate of three to four percent, down from five percent in 2015, says ratings company Moody's.
As we draw toward a close of a volatile 2015 that saw airfreight demand skyrocket in the early months only to cool down and stagnate for much of the rest of the year, the International Air Transport Association (IATA) is predicting continued sluggishness for most of 2016, thanks to continued weak growth in world trade, a slowdown in China, falling commodity prices, and an expected interest rate hike in the United States.
Inspired by practices in the private sector, the Army Materiel Command division embraces the concept of integrated business planning - and ends up saving billions of dollars in inventory expense.
Aljex Software, a vendor of applications for brokers, third-party logistics providers, carriers and other transportation companies, has integrated with Post.Bid.Ship, the transportation marketplace which allows shippers and brokers to offer loads, and carriers to bid on them.
Across Nigeria, low-cost Chinese goods are everywhere, evidence of Beijing's growing dominance in global trade. The trade flow has helped keep life affordable for millions of Nigerian families, at a time when the country is struggling with economic stagnation and plunging prices, as well as the deadly costs of the Boko Haram insurgency.
China's cabinet has approved the merger of its two biggest shipping conglomerates, China Ocean Shipping Company (COSCO) and China Shipping Group Company (parent of CSCL), in the government's latest effort to make the industry more competitive globally.