U.S. Customs and Border Protection’s long-running Air Cargo Advance Screening pilot has put the agency “in a great position to address e-commerce and its implications for smaller cargo,” Deputy Commissioner Kevin McAleenan told attendees at CBP’s East Coast Trade Symposium Dec. 2. McAleenan, who will head CBP on an interim basis after Commissioner Gil Kerlikowske […]
A South Korean shipping company that filed for bankruptcy protection five years ago emerged as the surprise winning bidder for some assets of the collapsed Hanjin Shipping Co., pipping a bigger rival that is undergoing a creditor-led debt revamp. Korea Line Corp., the nation’s second-largest bulk carrier, beat Hyundai Merchant Marine Co. to be the […]
Over the past year, we’ve often discussed the necessity for the shipping industry to adopt green fuels at large on More Than Shipping. The 2050 goals of becoming carbon neutral have been well documented. And as next steps and further regulations are due to be imposed in the coming months, we’ll be sure to update […]
As the market continues a downward trajectory in transpacific eastbound spot rate, I can’t help but think about the commonalities between COVID-19 and the rate war which resulted in the Hanjin bankruptcy of 2016. COVID-19 […]
Nippon Yusen Kaisha (NYK) is becoming the latest large scale shipping company to invest in the development and implementation of artificial intelligence (AI). The shipping giant is using AI for a number of use cases, and invested in Japanese AI firm, Ghelia, which was previously funded by Sony. The Partnership Ghelia has been working with […]
