2022 fiscally has been a huge success, according to the Georgia Ports Authority. In one year, Port of Savannah has recorded 5.76 million twenty-foot units being handled, making it an 8% overall increase year over year. Simultaneously, the port of Savannah has also announced that June 2022 was also a record-breaking month for them, handling 494,107 TEUs, which is a rise of a 10.6% increase … Read More
Ocean Shipping Reform Act Passes
The bill that gives the Federal Maritime Commission the power to impose minimum requirements on ocean carrier services passed the House of Representatives with an overwhelming 364 votes against 60 and is now in the hands of the US Senate.
Ocean Carriers Rounding 2021 with Biggest Profits Yet
While consumers, manufacturers, and shippers are struggling to cut costs and remain afloat during these trying times – ocean carriers, specifically the Japanese carrier Ocean Network Express (ONE), are reporting some of the highest profits to date.