Maritime News

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.

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.

Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth
Issues at the Los Angeles-Long Beach were on readers’ minds this week, along with mega-alliances and growth in the trucking industry.

Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.

LA stacktrain
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.