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

Christening of the Sebastião Caboto in Santos.
 
20 May 2013
Aliança has unveiled its new container ship, Sebastião Caboto, at the Terminal Maritimo de Passageiros in Brazil’s Port of Santos.
 
20 May 2013
Cosco Container Lines will increase rates for all shipments, including refrigerated cargo, on its trade from the Far East to South Africa, starting June 17.
 
20 May 2013
Samudera Shipping Line’s board of directors has announced that Torkis David Parlaungan Batubara, executive director and CEO of the container line, has resigned, effective May 22. He will also cease as a member of the nominating committee.
 
20 May 2013
BG Freight Line, the short sea specialist based in Rotterdam, the Netherlands, will increase the frequency of its services to Liverpool, England, in June.
Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
20 May 2013
Spot prices dropped for both high and low sulfur bunker fuel in Rotterdam in the week of May 17, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
 
20 May 2013
Shippers face the likelihood of more slow-steaming on the major east-west trade routes from Asia to the U.S.
 
17 May 2013
Starting June 9, Cosco and ANL will jointly operate Sino Australia Service with six vessel deployments, including five vessels from Cosco and one from ANL.
 
17 May 2013
APL will boost rates for dry and refrigerated cargo in its trade from Asia, Australia, East Africa, the Middle East and West Asia to Chile, Colombia, Ecuador and Peru, starting June 1.
 
17 May 2013
Mediterranean Shipping Co. will increase rates on three of its trade routes, effective June 1...
 
17 May 2013
Cosco Container Lines will hike rates for all shipments, including refrigerated cargo, in its trade from the Far East to South America’s east coast, starting June 14.
 
17 May 2013
Hapag-Lloyd will boost rates for all cargo and container types on its trade from East Asia, excluding Japan, to the Persian Gulf, effective June 1.

Commentary

 
The trans-Pacific eastbound trade is taking considerably longer than in the past to settle annual service contracts that will run through next April. Some ocean carriers walked away from large deals, while others are walking into them even at rates that appear to be below costs.