A Damage Control Opportunity for Imported Perishable Foods

Every day, creative people make a difference to solve daily life problems. In California, one particular startup is developing a new way to use the organic fruits and vegetables which would otherwise go to waste. It is known that each year, American consumers, businesses, and farmers spend around $218 billion for the growing, processing, transporting, and disposing of foods that are never eaten, per a ReFED report. ReFED, a collaboration of businesses, nonprofits, foundations, and government leaders, are committed to reducing food waste in the United States. According to food waste statistics, an estimated 25-40% of food grown, processed and transported...

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Rising LNG Ship Traffic in the Mediterranean

Rising demand for natural gas from suppliers among Mediterranean countries, where pipelines are not a possible means of transportation, has led to an increase in Liquefied Natural Gas (LNG) traffic in the region’s waterways. The Mediterranean Sea is among the world’s busiest waterways. From container ships to bulk carriers, many vessels sail through these waters, steadily increasing the transit activity over time. Within the ten-year period between 2006 and 2016, transit activity in the Mediterranean Sea grew by 23%. A relatively small share of this growth came from LNG. However, due to the rapidly increasing demand of natural gas among...

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The New Silk Road

China is ready to continue its global leadership role. While China is a country always driven by its own national interests, its global initiatives, such as One Belt One Road, has the potential to ignite global economic growth and create developmental dividends for all associated countries within this infrastructure. The One Belt One Road initiative, launched in 2013, is the centerpiece of China’s economic diplomacy, connecting Asia, Africa, and Europe along five different routes. The initiative incorporates 60 countries along a new Silk Road, and has started to gain traction as China’s most important strategic initiative. What China yearns to...

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Unmanned Vessels – Navigation Through Intelligence in Networks

Unmanned cargo ships are ships without a human captain and crew that are navigated remotely by a shore-based command and control center. This trend has existed for long time in aviation, and both bus and large, land-based transportation companies are in the development stages to implement unmanned vessels. In the future, we expect shipping companies will increasingly focus on business management and utilization of an unmanned fleet of cargo ships. In the near future, ship navigation and movement during sea-passages will be performed without a crew on-board, with automation and remote control monitoring to ensure all systems on board are...

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Manufacturing Jobs are Returning to the U.S. from a Surprise Country

China has been perceived as the main enemy of the U.S. when it comes to manufacturing, and this rhetoric has been widely-used especially during the last election. It is true that many low paying jobs for low-value items switched to China, especially after China joined the WTO back in the 2000’s, but both sides benefited heavily with this trade. American consumers were the main winners as they had access to low-prices due to low labor costs in China, and workers in China were the main winners as their income level increased annually. As China became richer and created its own upper...

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Cleaner Fuel For Shipping Vessels – Liquefied Natural Gases (LNG)

A century ago, the shipping industry transitioned from primarily “coal-fueled” to “oil-fueled” power sources. Fast forward another hundred years and in the present day, a new transition is taking place. This newer fuel source comes in the form of gas, and its impact is clearly evident. With stricter environmental and international standards, liquefied natural gas (LNG) is being looked at as the “fuel of the future.” Logistic companies continue to gain interest in LNG-fueled vessels as a way to reduce their environmental impact, and potentially reduce fuel cost. As global energy demands continue to rise, natural gas continues to play...

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Hyperloop Infrastructure: The Future of Transportation

What is the Hyperloop? According to Wikipedia, “Hyperloop is a proposed mode of passenger and freight transportation that would propel a pod-like vehicle through a near-vacuum tube at more than airline speed.” The ever-changing and rapidly-growing technologies in this innovative century, combined with bright and selfless ideas of individuals, such as SpaceX’s Elon Musk, are certainly very exciting and promising for daily transportation. Hyperloop Infrastructure is the future of transportation. Computerized capsule containers, also known as pod cars, are hybrids of spaceships and trains, which will travel in a nearly-vacuum tunnel at over 1000 kilometers per hour. Since laying ground, the...

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India Speeds Up Their Imports Through New Program

Jawaharlal Nehru Port (JNPT), located in Nhava Sheva, India, which loads more than 70% of the containers passing through the 12 major ports in India, is getting improvements in efforts to speed up its import and export functions. The port and government will be implementing a program that will impact container dwell times and port productivity. That being said, these improvements will fix congestion and reduce transit time for faster delivery, which will expand shipper interest in shipping in and out of India. JNPT and customs authorities have coordinated a delivery program called DPD – Direct Port Delivery services – to...

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Reefer Cargo – the Last Resort for Substantial Profit in Shipping

As all major carriers are trying to increase dry cargo rates, they find comfort in the fact that reefer cargo continues to be high-paying cargo, and even though the operational costs are high, reefer cargo remains very profitable. But what does one need to know in order to participate in this complex business? Here are some simple rules for all the maritime hopefuls out there, which can help you and your team better understand some aspects of the reefer world: Rule #1: Reefer containers are pre-tripped before being delivered to the customer for stuffing, meaning that they should have been...

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Ocean Alliance Dominates Transpacific Trade

I believe the shipping industry has all been waiting to see the impacts of these mega alliances forming within the industry. The Ocean Alliance will start its operations in about 5 weeks. We are aware of the information released out there for its arrival terminals, transit times, port rotation schedule, and even port of departures and arrivals. Below are the members of the Ocean Alliance: OOCL is one of the world’s largest integrated international container transportation, logistics, and terminal companies. They are one of Hong Kong’s most recognized global brands. Evergreen Line operates the fourth largest container fleet in the...

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Ship Breaking – Is it the Answer to the Shipping Industry’s Overcapacity Problem?

Undoubtedly, 2016 was one of the darkest years in shipping history. Financial distress was unbearable, especially for certain companies. Carriers formed alliances, smaller steamship lines got acquired by larger corporations, and creditors distributed more money to support their borrowers. Long story short, everyone did their best to survive in a collapsing industry. However, a lesser-known side of the industry had one of its most profitable years in decades – ship breaking. Ship breaking is a way of disposing unused ships by tearing them up, either for parts or raw material. Modern vessels are built to last for several decades, but after a...

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Impact of the Proposed Import Tax

Since the arrival of the Trump administration in Washington, D.C., there has been speculation as to whom will be funding the construction of a wall bordering the U.S. and Mexico. In recent weeks, the administration hinted that imposing a 20 percent tax on imports to the U.S. was one of the options available to fund the wall. Big retailers, automobile producers, and oil refineries heavily rely on imports and oppose the proposal. Many fear that the American consumer will ultimately end up with the bill for construction of this wall, as they presume a rise in consumer prices will be...

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Shipping Vessels Could Reduce Environmental Pollution and Save Marine Life

Global containerized-freight shipping company, Evergreen Marine Corporation, has received outstanding praise and recognition for its involvement in a voluntary environmental and ecological protection program. The Taiwanese container transportations and shipping company, headquartered in Luzhu District, Taoyuan City, participated in a voluntary environmental and ecological protection program from July 2015 through November 2016, which helped increase the whale population by encouraging slower sailing speeds and reduced greenhouse gas emissions of vessels in the Santa Barbara Channel region. Read how shipping vessels could reduce environmental pollution and save marine life. In September 2016, Evergreen Marine Corporation was awarded an environmental protection...

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The Spotlight is now on Hyundai Merchant Marine

Although the great demise of Hanjin Shipping sent shockwaves through the shipping industry, to many industry observers, it wasn’t something too farfetched. For years leading up to the Hanjin bankruptcy, the artificial nosedive to ridiculously bottomed-out rates created a bubble in which ocean carriers bled money year after year. This trend continues today. As a direct result, some will likely face a similar fate to Hanjin, while others will get swallowed up by other large players in the industry. As the dust start to settle, the spotlight is on South Korea’s another major carrier, Hyundai Merchant Marine (HMM.) On...

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Importance of Logistics for Valentine’s Day

Valentine’s Day is a holiday dedicated to the expression of love. This year, billions of Americans will celebrate by purchasing flowers, cards, candy and other gifts.  Though they may have suffered over the perfect way to express their feelings, many have not considered the essential role the transportation industry plays in the execution of their special day. With millions of flowers bought by consumers every Valentine’s Day, there is little doubt that colorful, fragrant blooms are a hallmark of the holiday. Before anyone can say, “Be mine,” with a dozen flowers, months of detailed logistics go into the planning...

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The Contribution of Shipping to Globalization and its Deep Crisis

Globalization is under attack, world trade slows down, and the weakest rings of this delicate and complex chain begin to break (the South Korean shipping line Hanjin has been the most evident example.) This is just a taste of the new world, with an asphyxiated growth, that lies ahead. The shipping industry is in pain. For the past 10 years, the steamship lines have been building ever larger vessels, forecasting the booming of the global market with an exponential growth. It didn’t happen, and the bubble has burst. Since 2009, over-construction of ships has continued contributing to drastically-decreasing margins of the...

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2017 Brief Outlook for Containerized Imports

After years of struggles, huge losses (12 of the top 25 operators lost $13 billion in the third quarter of 2016), and bankruptcies, 2017 kicked off with full speed for Asia containerized imports. One of the biggest contributors to this was the Chinese New Year falling on an earlier date this year. It almost combined with the Christmas season, and helped keep the volumes at higher levels in a traditionally slow season when many companies are busy with inventory, and most of the shipping plans used to be delayed for January. This was not the case in 2017. Importers were busy with...

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NVOCC Important Predictions & Global Trends for 2017

In order to present a clear case for my predictions and trends for 2017, I will be providing you with some U.S. Customs data pulled via Datamyne on NVOCC-controlled inbound shipments for the Gulf and Midwest. In 2014, Houston experienced a large and clear increase in import shipments that are controlled by NVOCCs. For many NVO, 2014 was the golden year for their growth rate. For Houston, 2015 and 2016 marked a dramatic decrease in the number of TEUs NVOCCs controlled. According to Forbes, since 2007-2008, net Chinese exports accounted less and less each year as a percentage of China’s GDP...

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E-Commerce Drives the Construction of “Mega Warehouses”

With today’s booming e-commerce market continuing to expand, the need for sufficient storage space to meet online consumer demands is at an all-time high. In order to keep pace with online consumer needs, retailers look towards extra large storage warehouses exceeding 1 million square feet, also known as “Mega Warehouses.” These warehouses are a way to keep an edge over the competition. According to a recent report released by real estate and logistics services company CBRE Group, between 2010 and 2016, over 110 of these mega warehouses were constructed, combined for an excess of 141 million square feet. Nearly 90 million square...

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Chinese New Year -The Most Impactful Holiday In The Shipping Industry

2017’s Chinese New Year is the Year of the Rooster, and the most important traditional Chinese Holiday. As an annual tradition, migrant workers from Chinese factories use this time to travel home and spend this holiday with their families and loved ones. For most factories in China, the Lunar New Year is the only holiday throughout the year that allows workers to take time off, so all companies that do business with China are affected by this major holiday. Failing to properly prepare for Chinese New Year historically results in heavy losses for your import business. Increasing inventory and planning...

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The U.S. Containerized Export Market in 2017

We just finished the first month of 2017, and it’s time for us to share our overall expectations for the U.S. Containerized Export Market in 2017. Where the freight rates should be? What should we be aware of as we go through the year? First, 2016 was not a good year for ocean carriers, freight forwarders, and I believe, even for most of the exporters when looking at revenue. We all did more work and were paid less to do that work. According to 2016 (Jan to Dec) containerized export data from Datamyne, the U.S. shipped 288,000 more TEUs to the top...

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Impacts of Withdrawal from the Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP), negotiated under former U.S. President Barack Obama, is a multinational pact between Australia, Japan, Mexico, Canada, New Zealand, Peru, Chile, Peru, Malaysia, Singapore, Vietnam and Brunei. Though the TPP was never passed by U.S. Congress, President Donald Trump has signed an executive order to officially withdraw the United States out of the Trans-Pacific Partnership, as he had pledged to do during his campaign. Withdrawal from the TPP is seen as a win for most labor groups, because they believe withdrawal would help alleviate the loss of manufacturing jobs and lower wages in our nation. The labor...

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MTS Logistics Supports Operation Smile with a Tournament Win

We are so proud t0 announce that MTS Logistics won second place in a soccer tournament organized by the Mediterranean Shipping Company (MSC) with proceeds going to the charity initiative Operation Smile. The tournament was held at Chelsea Piers in New York City on Friday, January 27th. This charity event takes place as part of a series of charity events held by MSC benefitting the Operation Smile cause. 8 different companies throughout the maritime industry participated in this event, which had a very enthusiastic and friendly competitive atmosphere. MTS Logistics made a surprise entry into the finals undefeated, and...

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Why It Is Important to to have the Correct Tariff Classification on goods you are Importing

It is important to have the Correct Tariff Classification on goods. All goods imported into the USA are subject to duties. All import items are required to be classified in accordance with the harmonized schedule of the United States, and each tariff number has a corresponding rate of duty. Rates of duty for imported merchandise may also vary depending of the country of origin. The actual duty rates of the items you import may be different from your expectations – this is why the correct classification is important. Based on classification of the goods you are importing, US customs determines...

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Announcement: More Than Shipping has reached 20,000 Weekly Visitors

More Than Shipping is proud to announce that we have reached an audience of 20,000 weekly visitors. We sincerely thank all of our readers, business partners, and priceless authors who contributed to this success, from around the world. Additionally, we are pleased to announce that 100% of the revenue generated through site advertisements will be donated to the renowned autism charity, Spectrum Works, to raise autism awareness. During the past year, we biked to benefit Autism Awareness, and sponsored “The Book on Autism,” available for purchase through Amazon. By advertising on More Than Shipping, you can reach a highly-targeted...

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