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

Ocean carrier rate revision roundup for July 11
11 Jul 2014
Multiple container lines have planned general rate increases in several trade routes to take effect Aug. 1...
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.
The number of container ships passing through the Suez in May was the highest since May 2013
07 Jul 2014
The number of container ships passing through the Suez Canal in May was higher than in April but was down year-over-year for the 33rd straight month.
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.

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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.