Maritime News

Maritime News

Maritime news articles about every aspect of the industry, including ports, container and breakbulk lines; and ships and ship chartering. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things.

From the largest container lines such as CMA CGM, MSC (Mediterranean Shipping Co.) and Maersk Line to smaller carriers such as Eimskip and Atlantic Ro-Ro Carriers, JOC.com covers the entire industry with unequaled intelligence, data, insight, statistics, and analysis. JOC.com regularly updates its proprietary data about the activity of largest ports, container lines, breakbulk lines and other stakeholders in the maritime shipping sector,

News & Analysis

15 Nov 2019
The second straight weekly decline in spot rates in the eastbound Pacific seems to show that the peak shipping season was uneventful -- and that the 25 percent tariffs on $300 billion of imports from China due to go into effect Dec. 15 is having no significant impact on freight volumes.
15 Nov 2019
Mediterrean Shipping Co. is bringing in ex-Maersk COO Soren Toft not because they’ve been unsuccessful, but rather because they know they need an outsider’s view to maintain that success as they enter their second half-century of existence.
15 Nov 2019
The industry’s pivot to scrubbers is a gambit not just in that it hinges on high-sulfur bunker fuel prices staying significantly lower than low-sulfur fuels, but that regulators won’t further restrict scrubbers as environmentalists raise alarms.
15 Nov 2019
Maersk continues to improve its profitability, helped by falling bunker prices and a greater focus on capacity management.
14 Nov 2019
German carrier Hapag-Lloyd saw its volume fall slightly through the peak season, but managed to get rates to move up despite the weak shipping environment.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
13 Nov 2019
Yang Ming has managed to cut its losses in the first nine months of the year, but is still some way off delivering a profitable result.
12 Nov 2019
The latest Toepfer Multipurpose Index shows the project and breakbulk sector holding its breath as the effects of IMO 2020 begin to play out.
12 Nov 2019
Evergreen saw its profits slashed in the third quarter, barely managing to stay in the black despite an improvement in revenue.
12 Nov 2019
Through a partnership with the software provider BlueX Trade, the Taiwan-based container carrier will allow shippers and non-vessel-operating common carriers (NVOCCs) to book space digitally “within minutes,” the companies said Tuesday.
11 Nov 2019
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
11 Nov 2019
The man leading the decarbonization charge at Maersk abruptly leaves the company, days before the world’s largest carrier will release its third-quarter earnings.
08 Nov 2019
The spot rate on Asia-North Europe has risen for three consecutive weeks, with expectations that demand could begin to improve later in November as cargo moves ahead of an early Chinese New Year.
07 Nov 2019
Experts are warning that IMO 2020 could have a costly impact on shippers if they’re not careful about handling new — and potentially confusing — invoice lines related to low-sulfur fuel surcharges they’ll soon have to pay.
06 Nov 2019
As expected, greater clarity is emerging around the low-sulfur surcharge and how it will apply to shippers in cost-per-container terms as carriers get ready to queue up at the pumps.
06 Nov 2019
Carriers that do not have a significant number of their vessels equipped with scrubbers could be at a cost disadvantage as shipping prepares to comply with the IMO 2020 sulfur cap.
05 Nov 2019
A massive decline in China-bound shipments has been offset in part by increases to other Asian countries, but even that demand is beginning to wane, dragging total year-to-date US agricultural exports down for the first time in four years.
05 Nov 2019
CMA CGM has put a price to its low-sulfur surcharge per container moving on the North Europe-Asia trade.
04 Nov 2019
For the world’s largest container carrier, embarking on a radical departure from its traditional business model while simultaneously leading a historic quest to decarbonize shipping represents a level of risk-taking and ambition without equal in today’s industry.
04 Nov 2019
The trans-Pacific spot market has begun to rebound as aggressive capacity management and early shipping ahead of looming US tariffs have pushed rates higher.
01 Nov 2019
Carriers do not plan on carrying any of the costs of complying with the IMO 2020 low-sulfur fuel regulations, and will levy a surcharge on spot rates and shorter contracts.
01 Nov 2019
Carriers are finally seeing an increase in Asia-North Europe rates and hoping the upward movement in prices carries through to the end of the year.
31 Oct 2019
Stakeholders in the container shipping industry are debating how demurrage clocks should begin, when they should be suspended, and when it’s fair and unfair to assess penalties to beneficial cargo owners (BCOs).
31 Oct 2019
Despite reporting a profitable second quarter, the Japanese container carrier has reduced its full-year earnings forecast by nearly one-third, citing concerns over a worsening global economic environment and an expected increase in bunker costs.
31 Oct 2019
Even before Wednesday’s announcement canceling the Nov. 15 Apec meeting in Chile, footwear importers were warned their industry would continue to encounter a drumbeat of uncertainty and possibly higher duty rates.
31 Oct 2019
Hapag-Lloyd will introduce an interim fuel surcharge to cover the volatile transition period as the carrier switch over to low-sulfur fuel in December.
30 Oct 2019
Income gains from international routes operated by Cosco Shipping Lines and OOCL in the third quarter came despite the average China Containerized Freight Index falling 1.7 percent between July and September.
30 Oct 2019
Shipping and its supply chain is facing a series of trade and environmental trends that will require a new approach from all parties, says UNCTAD.
30 Oct 2019
Progress is being made in the global decarbonization drive to cut CO2 emissions by the container shipping industry.
29 Oct 2019
Maersk continues to lead the way as the shipping industry searches for the fuel that will enable it to deploy carbon-neutral vessels by 2030.
28 Oct 2019
A seeming shift in philosophy among a number of key players in the container trade when it comes to orderbooks is about to change the competitive dynamics in the main deep-sea trades.
Trans-Pacific spot rates stabilize ahead of projected import bump
25 Oct 2019
Spot rates on the eastbound Pacific stabilized as carriers prepare for a possible spike in imports from China next month ahead of the next round of tariffs scheduled to take effect Dec. 15 in US-China trade war.
25 Oct 2019
Rates on Asia–Europe have edged upwards and volume on the trade continues to grow in an apparent contradiction of the gloomy trading environment.
25 Oct 2019
Imports of household products from Asia increased just 0.6 percent through August because of US-China trade war. But with China’s dominant role in that sector and number two Vietnam at capacity, there will be no significant shift in sourcing away from China.
24 Oct 2019
Forty-seven of the top 50 global transportation providers saw revenues rise in 2018, benefitting from a strong global economic growth and growing anticipation of reciprocal tariffs between the United States and China.
23 Oct 2019
The prospects of a trade deal between China and the United States, which would remove the 25 percent tariffs on agricultural goods, are still murky. But some so-called goodwill purchases by the Chinese in bulk shipments following the freezing of an escalation of US tariffs earlier this month has raised hopes for a deal.