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

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.
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.
MSC Fabiola
07 Apr 2014
The likely emergence of the P3 Network in the second quarter of 2014 will drive the strategic plans of West Coast ports in 2014 and beyond.
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...

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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.