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.

Check out the latest ILA coverage from the JOC.

News & Analysis

 
23 May 2013
The Port of Tacoma in Washington reported container volume from January to April was 617,076 20-foot-equivalent units, up 35 percent year-over-year.
 
23 May 2013
Yusen Logistics has expanded its direct less-than-containerload services by adding two new routes to its network...
World Container Index Between New York and Rotterdam. Source: World Container Index
 
23 May 2013
Trans-Atlantic eastbound and westbound rates inched up in the week of May 23, according to the latest release of the World Container Index.
World Container Index rates to Shanghai. Source: World Container Index
 
23 May 2013
Backhaul rates from northern Europe and the U.S. West Coast continued to dip this week, according to the latest release of the World Container Index.
 
23 May 2013
SinOceanic Shipping ASA said it has placed an order with China’s Jinhai Heavy Industries for 10 8,800 20-foot-equivalent
 
23 May 2013
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
 
23 May 2013
Maersk Line has announced three rates increases for dry shipments...
Containerized exports from the Indian subcontinent and the Middle East to Europe. Source: Container Trades Statistics
 
23 May 2013
Containerized exports from the Indian subcontinent and the Middle East to regions in Europe, Africa, and the Americas saw significant growth in March 2013, according to data from Container Trades Statistics.
 
23 May 2013
Hapag-Lloyd will revise three of its trade routes...
 
23 May 2013
Zim will end its involvement in the two Northern Europe-related trans-Atlantic services that are currently part of its service offering, linervision reports.

Commentary

 
The trans-Pacific eastbound trade is taking considerably longer than in the past to settle annual service contracts that will run through next April. Some ocean carriers walked away from large deals, while others are walking into them even at rates that appear to be below costs.