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.

Check out the latest ILA coverage from the JOC.

News & Analysis

17 Apr 2014
Shippers and carriers don’t always see eye-to-eye, but they do agree on one thing as the 2014-15 shipping season rolls out: The advent of the P3 Network and other expanding vessel-sharing alliances are turning ocean transportation on the major east-west ocean trades into a commodity.
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.
Drewry Container Rate Benchmark, April 2, 2014.
02 Apr 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell $50 to $1,836 per 40-foot container in the week of April 2, its lowest level in the last 14 weeks.
02 Apr 2014
Maersk Group signed an agreement with China Shipping paving the way for negotiations on further collaboration on new container terminal projects and the establishment of joint ventures with its port arm, APM Terminals.
Hamburg Süd container in Brazil
01 Apr 2014
Hamburg Süd’s revenue declined 3.9 percent in 2013 on subdued demand in its key South American market, falling freight rates and a weaker US dollar.
01 Apr 2014
Transportation writer Greg Knowler joined the JOC today as senior editor for Asia.

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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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