For a global industry, the shipping business is remarkably small. People who enter the field tend to stay in it. Even if they change companies for career growth or because of mergers or acquisitions, they usually remain part of a community of people who have shared good times and bad.
Surging US import volumes had little effect on trans-Pacific spot rates this peak season.
With the peak-shipping season drawing to a close, spot rates for US imports from Asia basically flatlined this week, indicating that there is ample vessel capacity to handle even the robust growth in imports this year.
The spot... [...]
Here's a paradox, and a challenge, for recyclers and shipping companies involved in global scrap trade: As the global market is getting bigger, scrap trade appears to be shrinking.
The global scrap metal market has been growing and is expected to increase to $406.2 billion in 2020 from $277.1 billion in... [...]
Sponsored: FedEx Trade Networks' Executive Vice President and Chief Operating Officer Dr. Udo Lange spoke to JOC in early 2017 about the fundamental challenge of extreme overcapacity in the market, regulatory compliance challenges, and the dangers inherent in ocean freight forwarders "betting on the market."