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

22 Apr 2014
Japan’s containerized cargo trade will remain almost unchanged in fiscal 2014, which started on April 1, from the previous fiscal year, a Tokyo-based research firm predicted in a new report.
22 Apr 2014
Cascading of larger vessels from east-west into north-south trades is nothing new. But the pace of cascading and the impact it’s having in traditionally profitable north-south markets are gaining increased attention.
22 Apr 2014
Joseph J. Cortese, who retired last year as U.S. national sales manager at United Arab Shipping Co. after more than 40 years in the shipping industry, died April 20 at his home in Middletown, N.J. He was 67.
22 Apr 2014
The planned merger of Germany’s Hapag-Lloyd and Compañia Sud Americana de Vapores (CSAV) moved closer after shareholders controlling just 2.7 percent of the Chilean company’s stock voted against the deal that will create the world’s fourth-largest ocean container carrier.
21 Apr 2014
Mediterranean Shipping Co. has announced the launch of a new container service between Asia and West Africa, starting at the end of this month.
Wine imports constitute the largest U.S. import commodity by volume from the Mediterranean and southern Europe.
21 Apr 2014
Container ships are running full on the westbound trans-Atlantic as shippers scramble to complete their annual contract negotiations with carriers at a time when the new P3 Network and other expanding alliances have not yet finalized their new service schedules.
The SCFI for the Mediterranean fell 6.4 percent in the week ending April 18.
18 Apr 2014
Spot container freight rates measured by the Shanghai Containerized Freight Index were mixed again this week...
Ocean Carrier Rate Revision Roundup for April 18
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
18 Apr 2014
U.S. agricultural shippers say requirements by Japan, the European Union, and China for advance submission of cargo documents are creating a trade barrier for U.S. exports of perishable goods.
18 Apr 2014
Container traffic in Rotterdam inched up just 0.3 percent in the first quarter, as Europe’s biggest container hub confronted continuing overcapacity in the Le Havre-to-Hamburg port range and changes in the container shipping sector.
Roger Guenther
18 Apr 2014
Roger Guenther, executive director, Port of Houston Authority, discusses trade lane growth, specifically with Asia and South America, the renaissance in the energy sector, and planning for future expansions at the port.

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Commentary

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