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

Containerized exports from the United States fell 0.7 percent year-over-year in May.
11 Jul 2014
Containerized exports from the United States slid in May, the third year-over-year decline in five months.
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.
03 Jul 2014
DFDS, northern Europe’s largest integrated shipping and logistics company, confirmed it is one of the companies participating in the sale of UN Ro-Ro, the Turkish roll-on, roll-off carrier.
03 Jul 2014
Hanjin Shipping will rake in almost $300 million from the spinoff of its dry bulk business, allowing the loss-making Korean carrier to remove a significant portion of debt as it continues to restructure the company.
A Hapag-Lloyd container seen in Singapore.
02 Jul 2014
The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
02 Jul 2014
A major Tokyo-based research firm has painted a grim picture of Japanese container trade in the current fiscal year that started on April 1, citing weaker exports and imports than previously thought.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles jumped for the first time in five weeks.
02 Jul 2014
A $200 gain in the spot rate price per 40-foot container in trans-Pacific lanes could be short-lived, Drewry said today.
Bill Rooney
02 Jul 2014
William Rooney, Kuehne + Nagel vice president, responds to questions about the current slower growth environment and the NVO ability to provide “something broader than rates” as the trans-Pacific trade evolves.
02 Jul 2014
Ocean container carriers must prioritize cost reductions this year to counter lower contract freight rates and volatile spot markets, according to Drewry Maritime Research.

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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.

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