Top 10 Stories of 2016 - Universal Shipping News

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TRANSCRIPT:
Welcome to Universal Shipping News. I'm Jared Vineyard.
2016 is over, but some of the things that happened will have a lasting effect. Let's look back on the year by counting down the top 10 international shipping news stories of the year.

#10 – RECORD LOW FREIGHT RATES
Bad news for carriers, but great news for shippers. Or was it?

#9 – CHINA LIFTING BAN ON U.S. BEEF IMPORTS
China no longer having a beef with U.S. beef is huge news for agricultural exporters.

#8 – MOL, NYK, AND K LINE PLAN MERGER
This is something like Japan’s shipping industry’s version of the Holy Trinity.

#7 – EL FARO’S BLACK BOX FOUND
The finding of the El Faro’s black box is a chance at unraveling just what happened in the greatest international shipping tragedy involving a U.S. ship in decades.

#6 – NEW VERIFIED GROSS MASS RULE
Panic and controversy spread as the new VGM rule was about to go into effect. But was it mainly much ado about nothing?

#5 – CHINA COSCO SHIPPING FORMED
China’s two big shipping companies merged to form a shipping leviathan that would shake up carrier alliances.

#4 – PANAMA CANAL EXPANSION COMPLETED
Finally. Finally, finally, finally, the Panama Canal expansion was completed 2016.

#3 – 3 CARRIER ALLIANCES TO RULE SHIPPING
Carriers have organized into three big alliances set to rule international shipping.

#2 – MAERSK GOES AFTER COMPETITION
Maersk split into two divisions with the shipping division looking to acquire competing shipping companies.

#1 – HANJIN BANKRUPTCY
Could there possibly be a bigger international shipping story in 2016 than a major carrier suddenly, and not so suddenly really, going bankrupt?

That’s the list. Read about all these stories on UniversalCargo.com. What do you think? Did we miss any, get the order wrong? Let us know in the comments. Subscribe and share while you’re at it. And as always, stay in ship shape.