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.

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News & Analysis

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.
17 Apr 2014
Vehicle carriers are increasing their share of the roll-on, roll-off market while conventional ro-ro vessels are in decline, according to a new report by the Dutch consulting firm Dynamar.
The Fortunagracht, which is being employed on the Cleveland-Europe Express.
17 Apr 2014
Interest in a container and breakbulk service between Cleveland and North Europe launching this month has been fueled by erratic service at U.S. East Coast ports and unreliable service via surface transportation, according to users of the service.
17 Apr 2014
Shippers and carriers don’t always see eye-to-eye, but they do agree on one thing as the 2014-15 shipping season rolls out: The advent of the P3 Network and other expanding vessel-sharing alliances are turning ocean transportation on the major east-west ocean trades into a commodity.
Drewry Container Rate Benchmark, April 16, 2014.
16 Apr 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles rose this week after three weeks in a row with no positive movement.
Michael Behrendt, chairman of the executive board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Hapag-Lloyd headquarters in Hamburg after the signing.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
16 Apr 2014
The “Daily Maersk” product was supposed to solidify Maersk’s position as the leading carrier on the Asia-North Europe trade, but less than three years after its launch, Maersk has lost market share in the lane and triggered a rate war, setting the stage for a carrier showdown, Alphaliner said in its latest newsletter.

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Commentary

As much of North America thaws out from a brutal winter, the burning question in freight transportation is whether the heavy congestion experienced in many areas was solely a weather-related phenomenon or whether limits in transportation capacity are finally starting to be revealed.