Looking Back at the Most Recent Quarter in Shipping

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.

P3 Network Alliance is Over

For almost a year now, the ocean freight shipping industry was abuzz about the proposed P3 Network Alliance between Moeller-Maersk, MSC and CMA CGM. The objective of the P3 Network was to combine their resources to reduce expenses for certain shipping routes. This might impact ocean freight rates.

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