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

The SCFI for the Mediterranean fell 6.4 percent in the week ending April 18.
18 Apr 2014
Spot container freight rates measured by the Shanghai Containerized Freight Index were mixed again this week...
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...
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.

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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.

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