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...
The 12,500-TEU MSC Fabiola broke records when it first called at California ports in 2012.
07 Jul 2014
West Coast ports will spend the coming year in much the same way they spent the past year: preparing for big ships operated by big carrier alliances.
Chassis
07 Jul 2014
For five years now, cargo interests and truckers have been adjusting to a new environment in which shipping lines no longer provide chassis, yet the transition period still has a few years to go before the trade adopts a new model or models, according to an industry expert.
07 Jul 2014
Manuel “Mike” Diaz Jr., who helped pioneer containerization and its pricing during a long career in shipping, died July 5 in San Mateo, California. He was 93.
05 Jul 2014
OOCL has been fined €50,000 over the death of one of its senior executives 11 years ago.
Weekly wrap-up for July 5, 2014
05 Jul 2014
Events on the U.S. West Coast dominated the news this past week, as the International Longshore and Warehouse Union and the Pacific Maritime Association continued negotiations toward a new contract.
Spot rates from Shanghai to Northern Europe rose to $1,416 per 20-foot container this week.
04 Jul 2014
Spot rates from Asia to Europe increased this week after several weeks of decline.
04 Jul 2014
CMA CGM has teamed up with India’s largest port company to build and operate a fourth container terminal at the port of Mundra.
Ocean carrier rate revision roundup for July 4
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
03 Jul 2014
The gap between global liner schedule reliability this year and last year has narrowed, although monthly performance in May was still down year-over-year.
03 Jul 2014
An Israeli court has modified key terms of the state’s veto-wielding “golden share” in Zim Integrated Shipping Services that threatened to block the carrier’s $3.4 billion restructuring.

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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.