United Arab Shipping Co.’s ship Asir, which was crippled by an explosion that occurred in its engine room on May 11, has been moved to Jeddah, Saudi Arabia, by two tugs from Smit Salvage.
Maritime News
Maritime is the movement of international trade generated by freight companies. Whether moving by container ship, heavy lift vessel or tanker, maritime accounts for some 90 percent of all global trade by volume. Container shipping handles the vast majority of consumer goods — from retail products and food to autos and auto parts. Heavy lift vessels handle big equipment for projects such as refineries, infrastructure and wind energy.
Press Releases
21 May 2013
The European Union has allocated €37 million (about US$47.7 million) for its Regional Maritime Security program to strengthen the fight against piracy in several Eastern and Southern African countries.
21 May 2013
Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.
21 May 2013
The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports.
21 May 2013
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
20 May 2013
Zim Integrated Shipping Services will boost rates for all shipments on its trade from Asia to the east coast of South America, starting June 15.
20 May 2013
Containerized export volume from Australasia/Oceania to South and Central America steeply declined in March 2013, according to data from Container Trades Statistics Ltd.
20 May 2013
Sea Star Line LLC has named Tim Nolan executive vice president, reporting to company President Peter Keller. He will be based in Jacksonville, Fla.
20 May 2013
Aliança has unveiled its new container ship, Sebastião Caboto, at the Terminal Maritimo de Passageiros in Brazil’s Port of Santos.
20 May 2013
Cosco Container Lines will increase rates for all shipments, including refrigerated cargo, on its trade from the Far East to South Africa, starting June 17.
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Commentary
Ocean Carriers’ Internal Battle