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

14 Jul 2014
Horizon Lines will have difficulty refinancing its heavy debt during the next two years and may be forced to shed assets, a move that would shake up the Jones Act domestic trade, analysts from BB&T Capital Markets said.
MSC vessel
11 Jul 2014
How much market share Maersk Line and Mediterranean Shipping Co. would control through the 10-year vessel sharing agreement they announced on July 10 will largely determine whether the pact meets a similar fate to that of the P3.
10 Jul 2014
The Port of Tacoma sealed a new deal with Washington-based carrier Westwood Shipping Lines for the line to move its Puget Sound port of call back to Tacoma.
2M infographic thumbnail
10 Jul 2014
The world’s two biggest container lines today announced plans to launch a 10-year vessel-sharing agreement, dubbed 2M, to cover more ports with direct services and improve efficiency through better utilization of vessel capacity and economies of scale.
10 Jul 2014
The unit cost advantage container carriers are gaining by operating mega-ships is having the effect of dragging down freight rates at a time when all but the top lines are struggling to remain profitable.
10 Jul 2014
With West Coast longshore contract negotiations still underway, U.S. retailers expect to bring in record levels of merchandise this month to protect against supply chain disruptions, pushing up container import projections for the first half of the year.
10 Jul 2014
With the body of the failed P3 Network still warm, the world's top two carriers have announced a new global agreement without CMA CGM.
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.

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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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