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

15 Jan 2021
A fourth quarter operational update from OOCL gives the first glimpse of what to expect from carriers as they head for a highly profitable year.
24 Nov 2020
The ratio of cargo rollovers at transshipment ports continues to rise with carriers unable to maintain reliable schedules and battling to return equipment to Asia to serve the booming export trades.
23 Nov 2020
US retailers benefited from higher inventory levels during Q3; however, the outlook through the end of the year remains uncertain following slowing growth in October retail sales.
23 Nov 2020
The industry’s proposal calls for the R&D fund to be financed over a 10-year period by a levy on shipping companies of $2 per tonne of marine fuel consumed.
23 Nov 2020
Rates and demand on the major east–west trades out of Asia have remained at high levels deep into the traditional slow season, driving up profitability and leaving shippers with the check.
20 Nov 2020
The FMC’s order drew immediate support from organizations representing truckers and agricultural exporters, who have testified about carrier practices they say contribute to port congestion and bottlenecks in the international supply chain.
20 Nov 2020
CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.
20 Nov 2020
Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.
19 Nov 2020
California agricultural exporters say failing to deliver their products on time to overseas customers can result in buyers attempting to “wiggle out” of contracts that contain firm deadlines.
19 Nov 2020
The US Federal Maritime Commission has rejected an argument from container lines that it lacks the authority to hear the American Trucking Associations’ complaint over so-called merchant haulage moves.
19 Nov 2020
Indian shippers are preparing for other carriers to levy equipment surcharges for US-bound cargoes after Mediterranean Shipping Co. said it will do so starting Dec. 3.
19 Nov 2020
The forwarding share of Maersk’s business has remained constant over the past five years, and CEO Soren Skou is confident that the carrier’s logistics-focused strategy will not upset that relationship.
18 Nov 2020
While not as high as their prior forecast, shippers in the eastbound trans-Pacific should still expect service contract rates next spring above current levels because carriers will continue their policy of tight capacity management, Drewry says.
18 Nov 2020
Zim this week announced new Asia-Australia and US-Mexico services and said another new service announcement would come soon.
18 Nov 2020
The share of revenue from Maersk’s logistics sector continues to grow as the carrier expands its landside business.
18 Nov 2020
Feeder vessels are seeing over 48 hours berthing delay in Colombo and nearly 36 hours in Singapore, lowering the number of possible voyages and raising costs.
17 Nov 2020
By giving customers a chance to designate shipments for delivery on ships generating fewer emissions than those powered by bunker fuel, CMA CGM is able to capitalize on its unique assets: LNG-powered ships
17 Nov 2020
Maersk is steaming towards an annual result that would be impressive even in a year that was not severely disrupted by a global pandemic.
17 Nov 2020
DCSA and BIC have built a database of 11,000 depots, container yards, maintenance and repair vendors, and other supply chain container facilities in 160 countries.
17 Nov 2020
Shippers moving cargo on the Asia-Europe spot market will pay a high price, but once lower contract rates are factored into the market, the overall rate development is less impressive, says Hapag-Lloyd.
16 Nov 2020
A coalition of stakeholders says they will consider calling for an update of the Shipping Act of 1984 next year after asking the FMC for more immediate relief on detention and demurrage charges in the US’s two largest port complexes.
16 Nov 2020
Many trans-Pacific shippers still have contract rates far below current spot rates, and while they cannot necessarily ship all their cargo on those low rates and at the same time get the space and equipment they need, they still do benefit.
13 Nov 2020
Benefitting from equipment shortages in Asia and tight vessel capacity, NVOs continue to gain market share, but it’s the mid-size NVOs who are gaining at the fastest pace.
13 Nov 2020
Carriers believe inventory replenishment in early 2021 could offset a drop in consumer spending and maintain volume on the Asia-Europe trades.
13 Nov 2020
Carrier earnings for the third quarter are coming in, and as expected have extended the profitable momentum that built through the first half of the year.
12 Nov 2020
The sustained demand for Asian exports is worsening an equipment imbalance that has built steadily through the peak season on the trans-Pacific and Asia-Europe trades.
12 Nov 2020
Moody’s Investors Service’s upgrade of the container shipping industry comes after Drewy last month upgraded its own 2020 profit expectation for the industry by 16 percent to $11 billion.
12 Nov 2020
High rate levels through the third quarter enabled Taiwanese carrier Yang Ming to return to profitability after spending almost three years in the red.
12 Nov 2020
The durability of the Asia import surge into North America has surprised even veteran forecasters, who still believe it can’t be sustained for much longer.
11 Nov 2020
If creditors reject the restructuring and PIL is liquidated, it could be the biggest container line failure since the collapse of South Korea’s Hanjin Shipping in 2016, although its impact is likely to be significantly less.
10 Nov 2020
US imports from Asia increased more than 10 percent in October, with forwarders forecasting only a modest slowdown in growth through January
10 Nov 2020
Ocean Network Express’ forecast for a highly profitable financial year is an example of the incredible pricing power being exerted by the carriers right now.
10 Nov 2020
Cyber attacks on companies in the global logistics industry are an ever-present threat, but container lines and software providers say hosting systems in the cloud helps combat the threat and aid in recovery.
09 Nov 2020
Retailers say the record peak season of 2020 will be followed by lower year-over-year import growth in the next few months, with the strength of the US economic recovery next year dependent on progress controlling coronavirus disease 2019.
09 Nov 2020
The sustained strength in demand on trades out of Asia is keeping rates elevated and placing container availability under intense pressure.
09 Nov 2020
Cloud computing is ubiquitous in the world of commerce, and that’s spread in recent years to container lines, which are using a migration to platforms like Microsoft Azure to develop products quickly and then scale them back without committing resources to a server infrastructure.