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

09 Jul 2014
Trade between northern Europe and North America fell in May, but carriers are making moves to keep their utilization rates over 90 percent on both eastbound and westbound routes, Drewry says.
07 Jul 2014
Minsheng Financial Leasing will receive $295 million from the Korean and Chinese export-import banks to build three 18,400-TEU ships that will be leased to Mediterranean Shipping Co. in the second half of 2015.
07 Jul 2014
Carriers in the eastbound Pacific intend to increase their freight rates effective July 15 by $200 per 40-foot container for cargo moving from Asia to Los Angeles-Long Beach.
Doctor and patient
07 Jul 2014
Endochoice, a six-year-old Atlanta-based importer of medical devices and disposable infectious control supplies and services for gastroenterologists, most of whom were in the U.S, had to reengineer its global supply chain last year when it acquired high-tech medical companies in Israel and Germany and began to manufacture and distribute a sophisticated new system for colonoscopies internationally.
The 12,500-TEU MSC Fabiola broke records when it first called at California ports in 2012.
07 Jul 2014
West Coast ports will spend the coming year in much the same way they spent the past year: preparing for big ships operated by big carrier alliances.
Chassis
07 Jul 2014
For five years now, cargo interests and truckers have been adjusting to a new environment in which shipping lines no longer provide chassis, yet the transition period still has a few years to go before the trade adopts a new model or models, according to an industry expert.
07 Jul 2014
Manuel “Mike” Diaz Jr., who helped pioneer containerization and its pricing during a long career in shipping, died July 5 in San Mateo, California. He was 93.
05 Jul 2014
OOCL has been fined €50,000 over the death of one of its senior executives 11 years ago.
Weekly wrap-up for July 5, 2014
05 Jul 2014
Events on the U.S. West Coast dominated the news this past week, as the International Longshore and Warehouse Union and the Pacific Maritime Association continued negotiations toward a new contract.
Spot rates from Shanghai to Northern Europe rose to $1,416 per 20-foot container this week.
04 Jul 2014
Spot rates from Asia to Europe increased this week after several weeks of decline.
04 Jul 2014
CMA CGM has teamed up with India’s largest port company to build and operate a fourth container terminal at the port of Mundra.

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Commentary

Maybe you’ve heard about China’s rejection of the P3 Network. In all seriousness, I’m hesitant to cover an issue such as this because of the overwhelming analysis and observation that has come before me. But I have strong feelings about why China refused to allow it and a lot of questions about the real outcome.

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