Maritime News

Maritime News

Maritime News | Container Shipping 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 Maersk LineMSC (Mediterranean Shipping Co.), COSCO Shipping/OOCL, CMA CGM and Ocean Network Express (ONE), to smaller carriers such as SM Line and Eimskip, 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

23 Sep 2022
Trans-Pacific carriers in recent months slashed capacity to the West Coast as Asian imports and freight rates plummeted this summer, but the trade will likely continue to have excess capacity in the coming months unless they blank more capacity than is currently planned.
30 Aug 2022
NYSHEX is expanding the reach of its mutually enforceable contract technology to ocean freight agreements outside of its platform as it widens its focus beyond the trans-Pacific trade lane.
29 Aug 2022
Maersk’s terminals business will no longer own any assets in Russia, but the deal gives it the ability to regain its ownership share in GPI in the future.
26 Aug 2022
Any changes to shipping taxation will not make a skewed competitive playing field more even — it will merely make it skewed in a different way, writes JOC analyst Lars Jensen.
25 Aug 2022
DOJ said the deal between CIMC and Maersk would have merged two of the four largest producers of reefer containers in the world, increasing the risk of collusion among remaining suppliers.
25 Aug 2022
Vessel schedule reliability in the eastbound trans-Pacific last month improved to the West Coast but deteriorated for the third consecutive month at ports along the East and Gulf coasts.
25 Aug 2022
IMO member nations must ensure the regulatory blocks are in place that will encourage the required investment to support shipping’s transition to sustainable fuel, according to the World Shipping Council.
25 Aug 2022
Even with the recent sharp decline in spot rates, they are still more than twice what they were two years ago when imports from Asia began to surge after initial COVID-19 lockdowns in the US were lifted.
25 Aug 2022
The trans-Atlantic westbound trade has bucked the falling rate trend on the major trade routes out of Asia, and carriers are shifting capacity to take advantage.
23 Aug 2022
Mediterranean Shipping Co. will delay Asia departures for a week or more in September as port congestion and vessel bunching disrupts vessel arrivals in North America.
19 Aug 2022
Wan Hai says adding port calls to the US East Coast gives the carrier and its customers more options for returning empty containers rather than just sending them to the Port of New York and New Jersey.
19 Aug 2022
Above-average volume growth has narrowed the gap between the 2M Alliance and the Ocean Alliance atop JOC.com’s rankings of the Top 40 Container Carriers by US Imports in 2022.
19 Aug 2022
OOIL’s chairman says he’s not seeing much evidence of the kind of significant seasonal uptick in demand that is often a feature of the traditional trans-Pacific peak season.
18 Aug 2022
The disruptive impact of returning empty containers to marine terminals is magnified by the fact ocean carriers lack the incentive they had last year to rapidly reposition those boxes back to Asia.
18 Aug 2022
While forwarder sources in India do not expect a rate collapse that will put shippers back in the driver’s seat anytime soon, the recent softening is a relief from the wild price hikes of the past two years.
17 Aug 2022
Eastbound trans-Pacific spot rates won’t find a floor until capacity loosens up through the unwinding of US port congestion, the CFO of carrier Zim told JOC.com.
17 Aug 2022
The value of China’s imports and exports with Southeast Asian countries rose more than 10 percent in H1 to $435 billion to make the ASEAN region China’s biggest trading partner.
16 Aug 2022
Industry analysts say they expect US imports from Asia to remain strong for the next several months as a significant amount of holiday season goods remain in transit or stuck in vessel queues outside major gateways.
16 Aug 2022
German authorities said the Rhine would remain open and barge companies would need to decide on their own whether to operate services as parts of the key waterway fall to record low levels.
16 Aug 2022
Carrier53, a joint venture of a breakbulk vessel operator and container manufacturer, said it will offer trans-Pacific sailings from China to the US West Coast with a special emphasis on domestic intermodal containers.
15 Aug 2022
Although volume growth is waning, container shipping demand for now remains strong and operational bottlenecks continue to remove capacity, slowing the industry’s eventual return to normality, according to JOC analyst Lars Jensen.
11 Aug 2022
Yang Ming also announced two-year extensions of charters for four 14,000 TEU container ships, including the YM Wish and YM World that are currently deployed on Asia–Middle East services.
11 Aug 2022
While spot rates are easing in some markets, Hapag-Lloyd said the second half of the year is likely to exceed previous expectations based on current performance.
10 Aug 2022
HMM said it would tackle the coming market uncertainty by focusing on long-term shipper contracts and increasing the volume of reefer and special cargoes.
09 Aug 2022
The Asia–Europe trade could face “significant overcapacity” when port congestion and related bottlenecks are resolved due to the slump in demand growth that has been ongoing for more than a year, according to analyst Sea-Intelligence.
08 Aug 2022
US retailers note that two wild cards that could affect supply chain fluidity in the second half of the year remain — the outcome of West Coast longshore contract talks and the status of freight railroad negotiations.
08 Aug 2022
Two of Taiwan’s largest carriers have joined Maersk, ONE, and Cosco in posting highly profitable financial results for the first half of 2022 amid a still-elevated rate environment compared to the year-ago period.
08 Aug 2022
MSC’s move would appear to show some skepticism among ocean carriers active on India trades about their ability to hold firm on new rate hikes in the wake of ongoing demand pressure.
05 Aug 2022
While some carriers have been willing to adjust shipping contracts, others are holding the line, anticipating that peak season, US port congestion, and the ability to blank sailings will keep the spot market afloat through the balance of the year.
04 Aug 2022
Container shipping trades out of Asia will continue to slow through the second half of the year as the global economy contracts, but carriers and analysts say it will be a gradual weakening of demand and rates rather than a sharp drop.
04 Aug 2022
Maritime regulators are wrestling with how to refine rulemaking on when it is unreasonable for carriers to refuse export bookings, writes JOC Executive Editor Mark Szakonyi.
03 Aug 2022
Carriers are reducing the intake of new containers and holding onto older units longer ahead of peak season and as congestion slows the circulation of boxes globally.
03 Aug 2022
Maersk’s strategy of aggressively expanding long-term contracts is paying off, and with many of the agreements covering multi-years, the carrier is set to reap the financial rewards far beyond 2022.
02 Aug 2022
A highly profitable second quarter and no sign of easing in congested container shipping markets has left Maersk on course for a significantly improved annual result.
01 Aug 2022
India cargo owners are now dealing with a fresh levy linked to container weight, along with a new wave of general rate increases and surcharges that have already found their way into the market ahead of peak shipping season.
01 Aug 2022
A new intra-Asia trade pact has helped boost container activity in the region, while volumes to Europe, the Mediterranean, and Africa have dipped as a result.