Near-Shoring: Is It The New Norm for All US Companies?
The Future of US Shipping with No Flag Bearer
With news this week of Foxconn/HonHai Group opening a brand new manufacturing plant in Wisconsin, could we be about to enter a new era where near-shoring becomes the norm for all US companies? Of course, this isn’t the first example of a company launching a new manufacturing plant in the US recently with Pegatron moving […]
Cosco acquires OOCL, Steamship Line Consolidations Continue: Who’s Next?
With American President Lines holding the flag for the US for such a long time, they ensured that the future of US shipping had a name on the global stage of shipping. Throughout history, the US didn’t play much of a role with the UK, Dutch, and various other European countries taking center stage when […]
In case you haven’t heard, the worst-kept secret in the shipping industry has now been confirmed, Cosco acquires OOCL, Cosco paying $6.3 billion for Orient Overseas International Ltd (OOIL) – owners of OOCL, the seventh-largest shipping company in the world. Based in China, Cosco has been an industry leader for some time and this agreement […]