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.

Check out the latest ILA coverage from the JOC.

News & Analysis

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.
Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
10 Apr 2014
The number of foreign trade containers handled by the Port of Osaka in western Japan rose to a new record high in 2013, according to preliminary figures from the Osaka municipal government.
10 Apr 2014
U.S. shippers in the coming weeks will engage in a full-court press on Capitol Hill and at the White House to voice the importance of preventing labor disruption at West Coast ports as the expiration of the current coastwise longshore agreement approaches.
10 Apr 2014
Hapag-Lloyd plans to implement two low-water surcharges at the Port of Montreal, although some officials are questioning why, as they expect the spring thaw to begin soon.
10 Apr 2014
HSH Nordbank, the world’s largest ship financier, today announced its net loss soared to €814 million ($1.1 billion) in 2013 from €124 million ($172.4 million) in 2012, and said it doesn’t expect the global shipping market to recover before 2015 at the earliest.
Drewry Container Rate Benchmark, April 9, 2014.
09 Apr 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat in the week of April 9, remaining at its lowest level since December 2013 at $1,836 per 40-foot container.
Carlos Martinez-Tomatis
09 Apr 2014
Carlos Martinez-Tomatis, division vice president of ABF Global, sees 2014 as a challenging year for NVOCCs in the trans-Pacific.
Maersk container ship
08 Apr 2014
In a market where east-west ocean service is becoming a port-to-port commodity, Maersk Line is taking steps to stand out from the rest of the pack by branding its service beyond the ocean voyage.
Container ship in Hamburg, Germany.
08 Apr 2014
The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
08 Apr 2014
European ports will struggle to handle the revamped services due to be launched by the P3 and G6 carrier alliances due to their weak intermodal transport links, according to Drewry Maritime Research.

Pages

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.

More Commentary

Pages