The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.
John Scannapieco, shareholder and chair of the Global Business Team with the law firm of Baker Donelson, details the frustrations that shippers and freight forwarders are experiencing as they struggle to get products to market.
Ports around the U.S. are rolling out vaccines for seafarers, extending a lifeline to thousands of mostly foreign workers who’ve spent the pandemic isolated aboard ships ensuring goods kept trading across a battered global economy.
Joe Klobus, claims and insurance manager with global freight forwarder OEC Group, discusses how the grounding of the containership Ever Given in the Suez Canal brought to light the concept of general average, a centuries-old law that requires shippers to share the losses from such an event.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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