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

Stern of Maersk vessel
16 Apr 2014
Is Maersk Line, the world’s largest ocean carrier, showing that the age-old demons of container shipping — overcapacity, volatile spot rates and commoditized service — can finally be slain?
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.
07 Apr 2014
Scandlines, the Danish-German ferry operator, posted a 5.5 percent decline in operating profit last year as increased freight volume was offset by lower passenger and auto traffic.
07 Apr 2014
With container shipping barely out of the starting gate with liquid natural gas as a ship fuel, major ports around the world are anticipating a rapid ramp-up of LNG use in shipping and are angling to be prepared.
07 Apr 2014
Hapag-Lloyd was first carrier to announce the westbound May rate increases even as April 1 GRIs struggle to lift a market weighed down by overcapacity and weak demand.
07 Apr 2014
The ports of Los Angeles and Long Beach handled 40.9 percent of all U.S. containerized imports in 2013, and 25.5 percent of U.S. exports.

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Commentary

In my 42-plus years in the industry, I’ve seen many variations of what we now call alliances — joint services, slot-charter arrangements, vessel-sharing agreements, alliances and now mega-alliances — and more no doubt will follow.