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Home » Authors » Maritime Executive

Articles by Maritime Executive

As Perishables Market Grows, Reefer Container Ship Capacity Should Expand Over Next Three Years

February 23, 2016
Maritime Executive
London-based Drewry Shipping Consultants says that the global capacity of reefer container ships is expected to grow by 20 percent over the next three years. Drewry also reports that perishables moved over the seas in 2014 increased by nearly five percent to exceed 100 million metric tons.
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CMA CGM, China COSCO Looking to Ally Against Maersk, MSC?

February 22, 2016
Maritime Executive
Shipping analysts Alphaliner reported that the two carriers involved in recent container line megamergers – France's CMA CGM (merged with NOL / APL) and China COSCO (merged with CSCL) – are now looking at forming a shipping alliance to compete with Maersk and MSC's 2M.
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Damper Seen Over Dry Bulk Freight Market for First Half of 2016

February 19, 2016
Maritime Executive
The latest Dry Bulk Freight Forecaster from Maritime Strategies International reports a deterioration of the consultancy's cautiously optimistic view for improvement in the dry bulk market in the next six months.
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Insurance 1

Tianjin Port Explosion May Rank as Worst Marine Insurance Disaster

February 9, 2016
Maritime Executive
Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.
Read More
Shipping container 1 02

CMA CGM Becomes Latest Western Shipping Company to Strike Deal With Iranian Ocean Cargo Line

February 2, 2016
Maritime Executive
French firm CMA CGM, the world's third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL).
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Projected 4.6 Percent Growth in Container Ship Capacity Is 'Slowest' Rate in More Than 25 Years

January 29, 2016
Maritime Executive
Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday.
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Two Reports Analyze Slavery, Corruption in Today's Supply Chains

January 28, 2016
Maritime Executive
Two new reports released this week call attention to the dangers of bribery and corruption in global supply chains and their links to modern day slavery. Modern Slavery and Corruption and An Exploratory Study on the Role of Corruption in International Labour Migration provide a snapshot of the extent and global spread of corrupt practices, the ways in which they interact with myriad forms of exploitation and the impact of legislation put in place to curb both.
Read More
China 2 09

Chinese Unit of Amazon Wants to Enter Ocean Freight Forwarding

January 20, 2016
Maritime Executive
Amazon.com's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.
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Retail Trade Group Wants to See Detailed U.S. Seaport Performance Reports Authorized

January 19, 2016
Maritime Executive
Following up on last fall's successful campaign to include a port performance statistics program in the federal long-term surface transportation bill, the National Retail Federation now leads a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation.
Read More
Taxes 2 03

Ocean Shipping Industry Should Be Taxed on Carbon Output, IMF Urges

January 15, 2016
Maritime Executive
A report released this week by the International Monetary Fund (IMF) states that carbon taxes should be levied against the shipping industry.
Read More
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