Maritime News

TOTE Shipholdings and Saltchuk Resources have secured a $324.6 million Maritime Administration loan guarantee for construction of two container ships that will be fueled by liquefied natural gas.

Air and ocean freight are expected to see “good” trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a number of high-profile tech product launches, according to a new survey from the investment firm Stifel Nicolaus.

Zim container ship at Long Beach
The European Shippers Council attacked the proposed 2M vessel-sharing agreement in a letter sent last week to the Federal Maritime Commission but is unlikely to convince the U.S. regulatory agency to reject the agreement involving the world’s two largest container lines.

U.S. containerized trade increased 2.6 percent year-over-year in the first half of 2014, with just three carriers — Maersk Line, Mediterranean Shipping Co. and Evergreen Line — accounting for 28.4 percent of all trade.

Container lines will continue to expand their share of the refrigerated cargo market, but specialized reefer carriers can survive if they diversify and pick their niches carefully, Drewry Maritime Research says in its annual analysis of the reefer shipping market.

The savings to be gained from a container line getting more miles to the gallon are immense, as Singapore's NOL Group can attest with $1.2 billion in cuts, and half of that came from bunker and network savings at its APL liner division.

As of Sept. 8, Alphaliner calculates current active total liner trade TEU capacity to be 18,521,207 TEUs capacity aboard 5,960 ships, including 18,063,515 TEUs aboard 5,012 fully cellular ships.

U.S. Imports in the first half of 2014 represented 59.2 percent of the 15.5 million TEUs in the overall U.S. container trade.

U.S. Exports in the first half of 2014 represented 40.8 percent of the 15.5 million TEUs in the overall U.S. container trade.

The Dubai Maritime City Authority has announced plans to establish a maritime arbitration center.