Recently, Drewry Maritime Research, a leading research firm watched closely by carriers and freight forwarders, released their report from the 2nd quarter of 2014. It is important to look at their report, whenever they release it, because it provides a factual snapshot of the international freight shipping industry and expert projections for the future.
Brian Conrad, the head of the Transpacific Stabilization Agreement, recently spoke at an event to warn about the uncertainties that will greatly impact the international freight shipping industry in the future. Those uncertainties that Conrad was referring to include labor disruptions, rising expenses, new shipping alliances and the changing supply and demand in the industry. Conrad knows what he is talking because he is the head of the Transpacific Stabilization Agreement, also known as the TSA.
We all want to do our part in protecting the environment, even in the international freight shipping industry. The Environmental Protection Agency (EPA) might regulate emission levels from ocean vessels, but that is not enough to make a major difference. That is why major US ports are stepping up to provide better environmental standards. One port that is making a difference is the Port Authority of New York and New Jersey. In 2013, the Port Authority of New York and New Jersey launched their Clean Vessel Incentive Program.
