Author: Orkun Gonen

2018 Rate Expectations

As we conclude 2017, one of the main questions among shippers is whether the strong upward trend in ocean freight rates in 2017 will continue in 2018. There were several factors that played role in the increase of ocean freight rates in 2017. One was the temporary surge caused by the Hanjin bankruptcy in September. The aftershock, and fear, among shippers pushed the shipping industry to accept higher prices. The industry then moved away from discounted rates, engaged in a price war, and dealt with aggressive tactics employed by steamship lines who were looking to obtain bigger market shares....

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Can You Save More on Ocean Freight?

Today’s multichannel complex business models fuel the growth of global commerce and global transportation. Companies take advantage of opportunities to maximize efficiencies for time and cost in moving goods around the globe. Logistics professionals are faced with increasingly complex challenges, and the rising cost of supply chain management is pushing parties to find ways to save more and stay competitive. Let’s look into some of the ways cargo owners can save more on freight. Work with a Freight Forwarder Today’s complex supply chains require specialist knowledge. Freight forwarders can add a significant amount of value to the supply chain...

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Project Cargo Explained – What We Need to Know to Successfully Plan & Execute Project Cargo Shipments

Let’s explore what project cargo means. “Project cargo” is a term used to broadly describe the national or international transportation of large, heavy, high value, or complex pieces of equipment. The materials can be sourced globally, or from one individual location. The oil and gas, wind power, mining, engineering, and construction industries are heavily involved in this level of transportation. Project cargo requires a detailed engineering process in order to stay within the projected budget, and be completed on time. It can consist of multiple or single shipments, and can both cover a wide range of freight volume and...

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The Increase of US Containerized Imports – How to Prepare for the Rest of 2017

Looking into 2017, markets anticipated U.S. containerized imports to jump approximately 6.0% up, compared to last year, and reach a new peak of 21.8 million TEUs, mainly on strong consumer demand. Northeast Asia contributed most to the import trade, adding 1.91% to growth, followed by Southeast Asia which contributed 1.02% to growth. China continued to be the largest supplier of containerized goods to the U.S., accounting for 46.8 percent of the total U.S. inbound trade. In this atmosphere, I believe it is critical to focus on utmost time and cost efficiency, when moving freight into the U.S., and take proactive steps...

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What to Expect as 2017 Progresses: Contract Negotiations, Disruptive Global Trade Trends, and More

We live in a world with unprecedented global ties, and seamless collaboration for us industry professionals to do tasks after tasks. There are many variables out there that affect our decision-making process. In this article, I would like to provide you some insights to keep in mind as we move ahead with the rest of 2017. Contract Negotiations The difference between the expectations of shippers and carriers on ocean freight rates this year may set the stage for difficult contract negotiations for the 2017-2018 shipping season. Shippers assume they can lock in contracts with little or no rate increases, compared...

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