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

20 Nov 2019
Zim, pointing to cost efficiencies gained through its partnership with the 2M Alliance, navigated a market rife with uncertainties to post slight Q3 increases in net profit and revenues.
Container at the Port of Los Angeles.
13 Nov 2018
Research earlier this year by Drewry Supply Chain Advisors found that large shippers face ocean freight invoicing inaccuracy rates of 2 to 5 percent, while smaller shippers face rates as high as 30 percent.
Container ship bunkering.
12 Nov 2018
Rising volume and revenue by shipping lines — often double-digit increases year over year — has not been accompanied by rates rising to levels that are able to offset the effects of steadily escalating bunker fuel costs.
12 Nov 2018
Sponsored: The development of smart containers will shape the future of the container shipping industry, said MSC's Maurizio Aponte, who discussed data standardization, partnering with platform providers, and the mechanics of smart container operations.
Mundra Port.
12 Nov 2018
With the cabotage relaxation, implemented May 21, foreign-flag carriers can transport laden export/import containers for transshipment and empty containers for repositioning between Indian ports without any specific permission or license.
12 Nov 2018
Sponsored: Remote container management is a game changer for the reefer cargo, said Hamburg Süd's Smet in a 2018 JOC Container Trade Europe Conference panel.
JNPT Bharat Mumbai Container Terminals credit PSA India
11 Nov 2018
Cosco will shift its intra-Asia CI-1 (mainland China-India) service from APM Terminals’ Gateway Terminals India (GTI) to PSA’s new Bharat Mumbai Container Terminals, with a major revamp.
09 Nov 2018
Some are predicting a continuation of peak season-like conditions — marked by record high spot rates and space restrictions — not just through the end of the year but continuing until the Chinese New Year holiday beginning in early February.
09 Nov 2018
State-owned Korea Development Bank, the primary lender and shareholder of HMM, is hardening its attitude towards the loss-making carrier.
Digital bill of lading.
09 Nov 2018
Efforts to digitize the bill of lading that must accompany each shipment, whether on an ocean vessel or tractor-trailer, aren’t necessarily new, but they’re gaining ground in an era of e-commerce and tight capacity.
08 Nov 2018
Hapag-Lloyd became the latest example of how rising volume and revenue is being thoroughly eroded by increasing bunker fuel prices.
Port of Los Angeles.
08 Nov 2018
Some are predicting a continuation of peak season-like conditions not just through the end of the year but continuing until the Chinese New Year holiday beginning in early February. Beyond that, two sector variables will determine the extent of anticipated first-quarter weakness in spot rates.
Eric Johnson, Senior Technology Editor, JOC Logistics Tech Conference.
07 Nov 2018
Blockchain is one of the most-often discussed topics in the shipping industry. Proponents argue it has the potential to transform shipping and supply chain management, among many other uses. JOC senior technology editor Eric Johnson provided a primer on the subject at the recently completed JOC Logistics Technology Conference in Las Vegas.
Barges travel near the Rotterdam port.
07 Nov 2018
Executives from Imperial Logistics International participated in a wide-ranging question and answer session concerning the mounting intermodal transport challenges facing shippers and forwarders moving cargo around Europe.
Yang Ming,
07 Nov 2018
While container shipping fundamentals are improving, 2019 holds major challenges for ocean carriers.
06 Nov 2018
A report on the status of instant quotes in container shipping.
Cargo and blockchain technology.
06 Nov 2018
The new consortium, powered by Oracle Cloud Blockchain Service, involves CMA CGM, Cosco Shipping (and subsidiary brand OOCL), Evergreen Marine, and Yang Ming, and the lines represent about one-third of total global container ship capacity.
Transshipment.
06 Nov 2018
New port data collected indicate Chennai is slowly establishing a footprint in transshipment handling.
Rotterdam port.
06 Nov 2018
Carriers on the Asia-Europe trade are heading into the final month of the year with rates declining and contract negotiations for 2019 beginning, and that could mean capacity cuts on the way for the historically busy December-January period.
Containers stacked.
05 Nov 2018
India officials say the establishment of an alternative, river transport will help reduce highway congestion and improve supply chain efficiency.
A ZIM ship.
05 Nov 2018
Top 40 US import/export carriers: the strong US import volumes, particularly from Asia, have benefitted container lines, with year-over-year gains rising steadily since April on tariff fears. Zim and Pacific International Lines recorded the largest US import percentage gains.
Technology and shipping.
05 Nov 2018
In the shipping industry, it’s an exciting but risky time. Because tech innovation isn’t native to incumbent players, the risks of a wrong decision are inherently greater and are compounded by the accelerating pace of development and the increasing presence of tech-native players asserting themselves in many segments of the market.
A soybean farm in Kansas, United States.
05 Nov 2018
Coupled with other, recent logistics-focused, blockchain developments, the announcement by Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus on Oct. 25 could be seen as tangible progress in the advancement of commercially viable uses of the somewhat controversial technology.
Port of Los Angeles.
02 Nov 2018
The Trump administration's initial 10 percent tariff on China prompted front-loading of holiday goods earlier this year. Now, the prospect of an additional 25 percent tariff on China on Jan. 1 is affecting spring shipments. Each is among the chief reasons trans-Pacific spot rates have maintained their strength.
Two container ships at sea.
02 Nov 2018
The World Shipping Council, which represents the container shipping industry, said the paper by the OECD’s International Transport Forum that wants the European Commission’s block exemption for container shipping lines to end without renewal in April 2020 demonstrated “a fundamental misunderstanding” of how the consortia block exemption works.
A container ship at sea.
02 Nov 2018
Although the industry is unlikely to see another all-encompassing fiat like IMO 2020, the International Maritime Organization's (IMO’s) ambition is to reduce greenhouse gas (GHG) emissions from international shipping to 50 percent of 2008 levels by the year 2050, and to someday eliminate the fleet's GHG emissions entirely.
A Cosco ship.
01 Nov 2018
Not even the revenue and volume from the acquisition of OOIL, one of the better managed global carriers, and $162 million in government subsidies Cosco Shipping Holdings received between January and September, could prevent its net earnings falling by 68 percent.
Ship: Maersk Lanco.
01 Nov 2018
Starting Thursday, shippers will be able to complete their bookings and receive confirmation within seconds compared with previous waiting times of up to two hours, a delay that has created uncertainty and extra workload, as shippers followed up bookings with thousands of phone calls and emails.
Port of Oakland.
31 Oct 2018
The reliability is particularly bad on the trans-Pacific, currently experiencing an extended peak season with tight capacity freight rates still increasing deep into the third quarter.
A container ship accepting fuel.
30 Oct 2018
The failed late-October attempt by some members of the International Maritime Organization to delay some provisions of the rule taking effect Jan. 1, 2020, underscores shippers’ drive to figure out just how much more they’ll be paying for ocean shipping.
A CMA CGM ship in Europe.
30 Oct 2018
How carriers recoup the rising cost of fuel will be key to their profitability this year. Bunker fuel comprises the largest single operating cost for shipping lines.
A heavy lift ship.
29 Oct 2018
The carriage ban makes it an offense for ships to carry fuel with sulfur content higher than 0.5 percent, unless the vessel has a scrubber.
Krishnapatnam Port.
29 Oct 2018
At the most recent talk in New Delhi, India Shipping Secretary Gopal Krishna and Bangladesh counterpart Abdus Samad agreed to increase ports of call, on each side, under the bilateral inland water transit and trade pact.
OOCL
29 Oct 2018
One example: although Orient Overseas gave no profit and loss numbers in its interim updates, the debilitating effects of rising operating costs and weak freight rates are clearly visible in the average revenue earned per container.
Port of Los Angeles.
26 Oct 2018
Shippers were still paying high spot rates, and scheduled deployment of extra-loader vessels indicates carriers believe imports will remain strong into November.
Antwerp port.
26 Oct 2018
Current supply/demand fundamentals and trade tensions are not a recipe for ocean carriers hoping to post a second consecutive year of profits. And then there is the low-sulfur fuel rule starting Jan. 1, 2020.