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

Illustration of possible remote-controlled vessels
15 Apr 2014
Imagine a cargo ship with no crew and no bridge, operated remotely by a captain from a console on dry land.
Tropical containers
07 Apr 2014
A subsidiary of Saltchuk Resources will acquire Tropical Shipping and its related transportation, consolidation and cargo insurance companies from AGL Resources in a deal expected to total $220 million.
07 Apr 2014
The Marine Department is waiting for the owners of the Hansa Constitution, which ran aground on the south side of Hong Kong island yesterday, to make a decision on how the vessel’s cargo of containers will be removed.
06 Apr 2014
The German-flagged container ship Hansa Constitution veered off course in the busy Lamma Channel off Hong Kong and ran aground on Sunday afternoon.
The SCFI for North Europe rose 2.3 percent in the week ending April 4.
04 Apr 2014
Spot container freight rates from Shanghai to northern Europe ports measured by the Shanghai Containerized Freight Index held on to gains achieved from April 1 general rate increases...
Ocean Carrier Rate Revision Roundup for April 4
04 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May...
04 Apr 2014
As more shippers shift freight from express to deferred services or even to ocean vessels to better manage inventory and cut logistics costs, it’s natural to come to the conclusion that the air cargo industry is in a tailspin. Industry leaders, including FedEx founder and CEO Frederick W. Smith, describe a price-service flashpoint that favors slower means of transport and warn of growing protectionism. The rise of near-shoring and near-sourcing shortens supply chains, reducing the need for long-distance air transport.
03 Apr 2014
CMA CGM plans to revise two service loops between North Europe and South America’s east coast as of mid-April.
03 Apr 2014
NEWPORT, R.I. — With overcapacity in the trans-Pacific likely at least until 2016, carriers are facing a tough time in eastbound negotiations for service contracts that renew on May 1.
03 Apr 2014
WASHINGTON – The U.S. Federal Maritime Commission yesterday unanimously voted to allow the G6 Alliance to expand into the Asia-U.S. West Coat and trans-Atlantic routes.
03 Apr 2014
NEWPORT, R.I. — Retailers are stepping up their criticism of management and labor in the upcoming West Coast longshore negotiations, saying they should give shippers the predictability they are looking for by using the time between now and the June 30th contract expiration to get a deal done.

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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.