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

Illustration of possible remote-controlled vessels
15 Apr 2014
Imagine a cargo ship with no crew and no bridge, operated remotely by a captain from a console on dry land.
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.
01 Apr 2014
MPC Group and Thien & Heyenga, the leading German ship management companies, have taken over the financially troubled Ahrenkiel Group in the latest consolidation in the nation’s crisis-ridden charter shipping sector.
01 Apr 2014
WASHINGTON — A group representing agricultural shippers and forwarders has warned members to prepare for labor disruptions and slowdowns at U.S West Coast ports starting in June and to make contingency plans
BMW exports autos through Port of Charleston
01 Apr 2014
South Carolina’s new inland port at Greer will get a big increase in the volume of autos and containers it handles for rail shipment to and from the Port of Charleston over the next couple of years. The leg up will come from the $1 billion investment that BMW announced March 28 to expand production at its automobile plant in nearby Spartanburg over the next two years.
31 Mar 2014
It’s not fiesta time for shippers or carriers south of the border — south of the Panama border,
31 Mar 2014
JOC Economist Mario Moreno has lowered his forecasts for the U.S. containerized trade with both coasts of South America.
CMA CGM Marco Polo
31 Mar 2014
CMA CGM’s net profit surged almost 23 percent in 2013, driven by the sale of a stake in its ports unit, but the French ocean carrier lost money in a volatile fourth quarter.

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Commentary

In my 42-plus years in the industry, I’ve seen many variations of what we now call alliances — joint services, slot-charter arrangements, vessel-sharing agreements, alliances and now mega-alliances — and more no doubt will follow.