Maritime

The Journal of Commerce is the industry’s source for maritime news and analysis about ocean container shipping, logistics, supply chains, global shipping ports, shipping technology solutions and end-to-end connectivity. Coverage tracks the movement of containerized cargo — from origin to destination — handled by marine terminals in the US and abroad, depots, container ports, container lines, drayage, consignees and shippers, forwarders, non-vessel operating common carriers (NVOCCs) and off-dock warehousing providers, as well as pricing, capacity, volume and reliability on the trans-Pacific, Asia-Europe, North America-Caribbean, Central and South American and intra-Asia trades.

The latest Maritime News & Analysis

Supreme Court declines to hear SC Ports’ appeal of Leatherman ruling

Michael Angell, Associate Editor |
The decision to not hear the appeal leaves intact a ruling that allows the International Longshoremen’s Association to sue ocean carriers that use the Leatherman terminal, an apparent blow to the so-called “hybrid” labor model used in Charleston.
Longshore laborContainer Shipping NewsContainer linesNorth American ports

Oakland’s main terminal adds overnight shift to clear vessel backlog

Bill Mongelluzzo, Senior Editor |
The operator of Oakland’s largest container terminal said it will take about two weeks to clear the vessel backlog at Oakland International Container Terminal.
MaritimePort NewsMarine terminalsNorth American ports

Rotterdam, Hamburg volumes fell last year as weak economy hit demand

Greg Knowler, Senior Editor Europe |
High inflation, the rising cost of living and geopolitical tensions suppressed demand from European consumers and industry in 2023, with few signs of a turnaround apparent for this year.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Ro/ro carriers expect record demand, profits to persist into 2024

Keith Wallis, Special Correspondent |
Vessel diversions and potential tariffs complicate the outlook, but strong forward contracting fueled by booming demand is bolstering the ro/ro sector after a strong 2023.
Breakbulk NewsBreakbulk carriersRo/ro cargo

Global green fuel pricing must ‘coexist’ with Europe’s ETS: WSC

Greg Knowler, Senior Editor Europe |
By the time the IMO measure is introduced, the European carbon tax will have already been in place for three years, raising concerns that lengthy EU scrutiny of the global mechanism could see shippers hit with a double tax.
MaritimeContainer Shipping NewsContainer linesTransport, Trade, and Regulation News

ONE, Wan Hai align on a ‘revamp’ of a trans-Pacific service to West Coast

Michael Angell, Associate Editor |
The new partnership with Wan Hai comes as ONE — along with Yang Ming and HMM — faces the loss of THE Alliance partner Hapag-Lloyd, which is leaving the vessel-sharing agreement for a new partnership with Maersk.
Container linesContainer Shipping NewsTrans-PacificNorth American ports

New short-haul rail service debuts linking Tacoma to inland hub

Bill Mongelluzzo, Senior Editor |
The first shipments of hay were loaded into Evergreen containers at the inland hub and moved by Union Pacific to the Pierce County Terminal in Tacoma for shipment to China.
MaritimePort NewsNorth American portsRail News

Container shipping still has an overcapacity problem, but it’s far from insurmountable

Mark Szakonyi, Executive Editor |
When carriers, and more importantly their insurers, regain confidence in transiting the Suez Canal via the Red Sea, a massive — but not insurmountable — oversupply will await them.
Container lines

Green fuel mechanism ‘a rifle shot’ at addressing fuel pricing gap: WSC

Greg Knowler, Senior Europe Editor |
A core challenge facing container shipping is how to craft a global greenhouse gas pricing regulation that can bridge the price gap between green and fossil fuels while spurring investment in alternative fuels.
MaritimeContainer Shipping NewsContainer linesTransport, Trade, and Regulation News

FMC rules for truckers in chassis dispute with ocean carriers

Ari Ashe, Senior Editor |
The long-awaited decision also seemingly puts to rest the question as to whether the FMC has authority on issues that extend beyond US ports.
North American portsNorth-American rail

Carriers deploy 13,000-TEU ‘feeder’ vessels to serve Asia-Med trade

Greg Knowler, Senior Editor Europe |
Container shipping networks from Asia to North Europe and the Mediterranean are being reshaped as carriers redeploy capacity to compensate for the additional transit time needed to sail around southern Africa.
MaritimeContainer Shipping NewsContainer linesTrans-AtlanticAsia-Europe

HMM posts slight Q4 profit, downplays collapse in takeover talks

Greg Knowler, Senior Editor Europe |
The South Korean carrier warned of rising uncertainty and a volatile container shipping market through 2024 but said the breakdown in takeover negotiations with the Harim Group earlier this month would have no impact on its operations this year.
MaritimeContainer Shipping NewsContainer lines

Reality of Red Sea capacity ‘crisis’ is far different than the hype

Peter Tirschwell |
The vessel diversions around southern Africa driven by the Red Sea security situation will turn out to be merely a brief distraction from an overall picture of overcapacity that has been building since 2022, writes Peter Tirschwell.
MaritimeContainer Shipping NewsContainer lines

Logistics’ complicated structure requires equally complex approach to AI usage

Eric Johnson, Senior Technology Editor |
ChatGPT and generative AI have captured most of the attention around artificial intelligence in logistics, but the diverse range of processes underpinning global supply chains require multiple types of AI working in concert.
Logistics Technology NewsContainer Shipping NewsForwardingAir Cargo

PMA taps COO Hennessey to replace McKenna as president, CEO

Bill Mongelluzzo, Senior Editor |
Stephen Hennessey joined PMA in 2004 after holding management positions in the shipping and trucking industries, including with Sea-Land Service, Roadway Express and Horizon Lines.
MaritimeContainer linesMarine terminalsLongshore laborNorth American ports

Carriers, shippers using feeder networks to mitigate Red Sea port disruptions

Peter Shaw-Smith, Middle East contributor |
The shipping industry still deems southbound voyages through the Suez Canal as far as Jeddah Islamic Port in Saudi Arabia as beyond the reach of the militant attacks that have forced the majority of large container ship traffic to divert around the Cape of Good Hope in southern Africa.
MaritimeContainer Shipping NewsContainer linesInternational ports

As Gemini dawns, another change in shipping alliances is inevitable: expert

Patrick Burgoyne |
Whenever container shipping experiences an upheaval in the alliance structure, the wind-down period from announcement to departure and then to the reforming of new alliances can be bumpy, writes industry veteran Patrick Burgoyne.
MaritimeContainer linesMarine terminals

European congestion fears allayed thus far as vessel arrivals spread out

Greg Knowler, Senior Editor Europe |
Terminals in Europe say ocean carrier schedules have been disrupted by the ship diversions around southern Africa, but there is still no sign of the port bottlenecks that were expected when the rerouting began.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Some carriers halt India-Europe westbound bookings amid capacity crunch: forwarders

Bency Mathew, Special Correspondent |
Given the capacity pressures, a potential higher incidence of gated cargo being left behind or rolled over in March could spark serious trade concerns, Indian sources say.
MaritimeContainer Shipping NewsContainer linesInternational ports

Maersk launches online air freight tool targeted at Indian shippers

Eric Johnson, Senior Technology Editor |
Maersk’s integrator strategy has encompassed more access to air freight capacity, including a new tool for shippers in India to digitally price and book specific flights.
Logistics Technology NewsContainer linesAir CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Zim debuts standalone express service between US Gulf and South America

Michael Angell, Associate Editor |
The carrier is looking to take part in the trade growth the US Gulf is enjoying with South America’s largest economies that consume heavy quantities of US petrochemicals.
Container linesContainer Shipping NewsNorth American ports

MPV indices inch upward in February as capacity tightens amid route diversions

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
Multipurpose/heavy-lift carriers share concerns over the uncertainty caused by geopolitical events but see longer-term promise thanks to the slow-moving green energy boom.
Breakbulk NewsBreakbulk carriersProject cargoEnergy projects

Latest earnings put wind turbine manufacturers back in black

Autumn Cafiero Giusti, Special Correspondent |
Wind OEM earnings grew as the business environment improved and companies continued to work their way through low-margin projects that were booked before inflation and supply chain snarls hit the industry.
Breakbulk NewsProject cargoEnergy projects

Carriers resume Panama Canal transits on some services as disruption eases

Keith Wallis, Special Correspondent |
Highlighting how things have improved to some extent, Hapag-Lloyd said THE Alliance has restored transits through the canal on some of its trans-Pacific to US East Coast EC2 services.
MaritimeContainer Shipping NewsContainer linesTrans-Pacific

Container ship supply meeting Red Sea challenge, but market much tighter

Michael Angell, Associate Editor |
The huge order book due to be delivered through 2024 is helping ocean supply chains withstand the Red Sea crisis, experts say, but another shock would cause a “pandemic-type crisis.”
Container linesContainer Shipping NewsTrans-PacificAsia-Europe

US retailers upgrade forecast for H1 2024 import growth despite Suez diversions

Bill Mongelluzzo, Senior Editor |
The Global Port Tracker calls for a year-over-year gain of 5.3% in US imports over the first six months of the year despite the uncertain security situation in the Red Sea.
MaritimeContainer Shipping NewsContainer linesTrans-PacificNorth American ports

Red Sea crisis, demand uncertainty muddle prelude to annual contract talks

Bill Mongelluzzo, Senior Editor |
While current elevated rates would normally give ocean carriers leverage in annual service contract negotiations, spot rates will likely come down after the pre-Lunar New Year rush and the market is still uncertain about how strong demand will be in the second half of the year.
MaritimeContainer Shipping NewsContainer linesTrans-Pacific

Air cargo rates, volume take off as Lunar New Year begins

Greg Knowler, Senior Editor Europe |
The seasonal rise in air freight demand out of China ahead of the holiday has been strong, but analysts say the Red Sea effect on rising volumes remains unclear.
Air CargoTrans-PacificAsia-Europe

ILA gives chapters mid-May deadline to reach agreement on local issues

Michael Angell, Associate Editor |
The International Longshoremen’s Association’s May 17 deadline will provide an almost five-month window for the union to wrap up talks on a master contract covering the East and Gulf coasts.
Longshore laborContainer Shipping NewsNorth American ports

Mobile teams up with CSX on new inland port to serve northern Alabama

Michael Angell, Associate Editor |
The Port of Mobile is looking to boost intrastate rail service with a new intermodal ramp that would give shippers an alternative to using rail from major Southeast ports.
North American portsContainer Shipping NewsIntermodal providersNorth-American rail

Maersk to ‘look into’ potential DB Schenker acquisition: Clerc

Greg Knowler, Senior Editor Europe |
The profitability of global forwarders since the pandemic has piqued Maersk’s interest in the sector and it would be “irresponsible” to ignore DB Schenker’s availability, according to the carrier’s CEO.
MaritimeContainer Shipping NewsContainer linesForwarding

Red Sea crisis won’t prevent likely significant operating loss in 2024: Maersk

Greg Knowler, Senior Editor Europe |
Higher rates and surcharges driven by the diversions around southern Africa will provide only a temporary respite from the severe supply-demand imbalance that dragged rates down in 2023, according to the carrier’s CEO.
MaritimeContainer Shipping NewsContainer lines

FMC asked to slow fast tracking of Red Sea-linked freight surcharges

Michael Angell, Associate Editor |
While higher operating costs are inevitable due to longer voyages around the Cape of Good Hope, shippers want more transparency as to what those costs are.
MaritimeContainer Shipping NewsContainer linesTransport, Trade, and Regulation News

Two new services boost Port of Virginia’s South American business

Ari Ashe, Senior Editor |
The Port of Virginia has handled very few food products coming from or moving to South America, but the new services could bring Norfolk closer to its competitors on the East Coast.
North American ports

India-US contract rates trend lower after Red Sea crisis upswing

Bency Mathew, Special Correspondent |
A price correction was not entirely unexpected, but carrier sources believe that rates could move up again next month due to the fiscal year-end shipping rush.
MaritimeContainer Shipping NewsContainer linesNorth American portsInternational ports

HMM’s $4.8 billion share sale is scrapped over management control issue

Keith Wallis, Special Correspondent |
There were also concerns whether the joint venture between bulk shipper Pan Ocean and private equity firm JKL had sufficient financial resources for the deal.
MaritimeContainer Shipping NewsContainer lines

NY-NJ marine terminal chief expects new ILA labor contract before October

Michael Angell, Associate Editor |
Though talks have seemingly been on hold, Maher Terminals’ Gary Cross said he has “no doubt” the longshore union and port employers along the East and Gulf coasts will reach a new agreement before the existing deal expires.
Longshore laborContainer Shipping NewsNorth American ports

Industrial expansion driving boost in New Orleans project cargo volumes

Keith Wallis, Special Correspondent |
Project volumes will include steel and modules related to the development of the second phase of the $21 billion Venture Global liquefied natural gas export facility under construction in Plaquemines Parish, downriver from New Orleans.
Breakbulk NewsContainer Shipping NewsProject cargoPort NewsBreakbulk ports

Gebrüder Weiss buys Cargo-Link, expanding US LCL network

William B. Cassidy, Senior Editor |
The Austria-based global logistics provider looks to increase its US presence, adding less-than-containerload services by acquiring a Utah-based forwarder.
MaritimeForwardingAir Cargo

Ulsan joins race for methanol hub status with bunkering of 16,000-TEU vessel

Greg Knowler, Senior Editor Europe |
The South Korean port is the latest to establish its credentials as a sustainable fuel hub as competition between global gateways intensifies.
MaritimeContainer Shipping NewsContainer linesAsia-Europe