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

Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
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.
P3 broken links
09 Jul 2014
It ended so fast. With one statement, the countless hours and money spent over the last year to prepare for one of the biggest — if not the biggest — game-changers in global container shipping went up in smoke.
09 Jul 2014
Maersk Line said its customers face an additional charge of between $50 and $150 per 40-foot container on North American and North European routes that will be affected by new low-sulfur fuel limits that come into force in January.
09 Jul 2014
The Panama Canal Authority, which earlier this year dismissed the possibility of an alternate canal through Nicaragua, had a more cautious reaction this week following the Nicaraguan government’s approval of plans by a Hong Kong-based company for the proposed $40 billion canal.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles stood at $1,800 per 40-foot container this week
09 Jul 2014
Spot rates from Hong Kong to Los Angeles slid slightly this week.
CMA CGM Corte Real
09 Jul 2014
West Coast ports can breathe a sigh of relief after the rejection of the P3 Network by China’s Ministry of Commerce — a single operational entity won’t have the huge leverage they feared in negotiations over port calls and terminal charges.
08 Jul 2014
Industry professionals will study the ramifications of liquefied natural gas leaks to get a better handle on the scope of accidental incidents.
A Cosco vessel in Houston
08 Jul 2014
A major restructuring move at Cosco Container Lines Americas will result in most regional offices closing in favor of a larger, more centralized North American Operations Center.
08 Jul 2014
Israel Corp., the parent of Zim Integrated Shipping Services, has backed a court ruling that modifies the scope of the state’s “golden share” in the ocean carrier.
08 Jul 2014
A Nicaraguan government committee today approved the route of a proposed $40 billion canal project that will bisect the country and rival the Panama Canal waterway linking the Pacific Ocean and the Caribbean.

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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.

More Commentary

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