Drewry's Head of Research Products Martin Dixon on fleet and rate projections for breakbulk and project cargo, uncertainty around tariffs, oil prices, and the shipping cost implications for cargo owners of the IMO 2020 low-sulfur fuel regulation.
Friday December 13, 2019
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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
12 Dec 2019
The US and China have reached a partial trade deal that would cancel upcoming tariffs and reduce those already in place, significantly ratcheting down tensions between the two superpowers that have rattled global markets for almost two years.
12 Dec 2019
Hapag-Lloyd has turned to Blume Global, which supplies a range of industry brand names, to help digitally manage its North American door moves.
12 Dec 2019
Singapore-based container line ONE is the seventh carrier to provide guaranteed digital contracts through NYSHEX, which seeks to resolve the systemic issue of shippers making multiple bookings and carrier overbooking.
11 Dec 2019
Despite attempts to set its own decarbonization agenda, shipping could find itself included — very reluctantly — in Europe’s emissions trading system.
11 Dec 2019
Carriers have struggled to lift spot rates on the Asia-Europe trade, and the wide variations in low-sulfur surcharge levels have an analyst asking questions.
11 Dec 2019
Gary Cohn, former director of the National Economic Council under President Donald Trump and former president of Goldman Sachs, was named as the opening keynote speaker of the 20th TPM, the world’s largest container trade conference, organized by IHS Markit.
11 Dec 2019
Chicago-based startup Transship is teaming with TradeLens and other tech companies to create an automated shipping and forwarding platform for containerized perishables shipments.
10 Dec 2019
The bunkering hub of Rotterdam has reported a huge increase in low-sulfur fuel sales in November as carriers fill up ahead of the Jan. 1 implementation of the IMO 2020 mandate.
10 Dec 2019
Drewry's Martin Dixon discussed this year's research into use of smart devices within the maritime container equipment fl
09 Dec 2019
Democrat Carl W. Bentzel was sworn in Monday as the fifth member of the Federal Maritime Commission, giving the body a full complement of commissioners for the first time in two years.
09 Dec 2019
This month marks three years since Maersk unveiled its integrated container logistics strategy, but there is still some way to go before the carrier offers an effective end-to-end product.
06 Dec 2019
The world’s largest container line is headlong into a business transformation that’s highly visible, partly of its own doing and partly due to the increased scrutiny such a change by a market leader brings.
06 Dec 2019
Sponsored: Sandra Karlsson, head of DGF GoGreen Europe for DHL Global Forwarding, discusses the significance of IMO 2020, the regulation's actual impact, consumer expectations, and exciting decarbonization options available to shippers.
05 Dec 2019
Australian shippers are taking a wait-and-see approach to a review by the country’s competition watchdog on whether to continue the class exemption for container shipping companies from competition laws. The head of the government panel says those exemptions are becoming “harder to justify.”
04 Dec 2019
The double-digit spot rate hike on Asia-US this past week was due largely to the implementation of low-sulfur fuel surcharges. Carriers can take heart, for now, from their ability to make December’s interim LSFO surcharges stick as they prepare for permanent surcharges after the Jan. 1 implementation of IMO 2020.
04 Dec 2019
Outsiders can find vessel chartering in the breakbulk sector exasperatingly opaque. In part one of a special report on the topic, JOC.com takes a peek behind the curtain at BBC Chartering, which boasts the largest fleet in the sector.
04 Dec 2019
The addition of Feedertech to the DP World portfolio of regional shortsea and feeder carriers enables the port operator to improve its control beyond the terminal.
04 Dec 2019
CMA CGM secures high-level French political support in its drive to deliver a more sustainable shipping product.
04 Dec 2019
JOC's annual Container Trade Europe conference, hosted by the Port of Antwerp on Oct. 20-22, 2020, will focused on the needs of container shippers. The targeted program is developed and led by the specialized journalist team of the JOC.
02 Dec 2019
Much of the attention in the run-up to IMO 2020 has been on the immediate impact of the mandate, but there are some longer-term considerations that warrant examination.
29 Nov 2019
Rates on Asia trades to the US and Europe rose strongly this week, an encouraging sign for carriers that are about to start applying low-sulfur fuel surcharges on spot cargo.
29 Nov 2019
The Indian government is closely scrutinizing terminal handling charges -- perhaps the most controversial of all ancillary charges levied by carriers -- as they typically vary widely from terminal to terminal within a port and from port to port within a region.
27 Nov 2019
An Arctic routing translates to 24-25 days of sailing versus a 34-35 day transit via the Suez. That provides an opportunity to not only profit from -- but also further contribute to -- global warming.
27 Nov 2019
The extent to which US retailers rebuild their inventories post-Christmas will provide a hint as to how consumers will respond to mixed economic signals and higher prices on some Chinese goods.
25 Nov 2019
Maersk is dealing with its second high-profile executive departure in just the past two weeks with the news CFO Carolina Dybeck Happe is leaving to take the same position with GE.
25 Nov 2019
CMA CGM will dispose of ships and terminals over the next few months to lighten its capital structure and raise cash to pare down its significant debt levels.
22 Nov 2019
Growth in US imports from the Caribbean and Central America was unable to offset a decline in exports in the first nine months of 2019.
21 Nov 2019
Carrier rankings in the eastbound trans-Pacific show no year-over-year change as container lines operate cautiously in a slow-growth market.
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.
20 Nov 2019
Another public consultation has been opened into the container shipping block exemption regulation, which the European Commission has proposed renewing for four years.
19 Nov 2019
Pacific International Lines is expanding its weekly Vietnam service to the US with the addition of a second call in Vietnam amid a double-digit jump in eastbound container volumes from the southeast Asian country.
18 Nov 2019
Most major carriers and some freight forwarders have announced their own bunker adjustment factor (BAF) formulas to offset higher fuel costs, but there is little commonality in pricing or even what they are called.
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
Mediterranean 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.
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Commentary
Navigating 2019 ocean contracting
Could the latest US port congestion have been avoided?
Container challenges of 2019 to echo years past
Three issues certain to impact 2019 trade
The collapsible container’s superior economics