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

29 May 2020
Spot container rates spiked from the previous week as retailers replenished diminished inventories and after capacity has been reduced through dozens of blank sailings in May.
12 Oct 2015
An arm of the Organization for Economic Cooperation and Development said stronger action is needed to reduce greenhouse gas emissions from ships, and that a carbon tax on shipping would be a way to achieve it.
12 Oct 2015
Pharmaceutical companies have increased their oceangoing share of shipments. Ocean carriers and cold chain service providers are happy for the business, but the moves have also creased concerns over insurance and liability.
12 Oct 2015
Hapag-Lloyd is pressing ahead with its initial public offering despite market volatility that has prompted some other German firms to re-think their share listing plans, the chief executive of the world’s fifth largest ocean carrier said.
12 Oct 2015
Singapore-based APL has added a new connection to its recently announced Eagle Express service between Asia and the U.S. that will link the islands of Guam and Saipan to Yokohama from Nov. 24.
11 Oct 2015
Growth in consumption of fruits, vegetables, meat and fish in emerging and newly industrialized countries should accelerate in the coming years, creating tailwinds for reefer container and specialized reefer operators.
09 Oct 2015
Spot rates on containerized imports from Asia were flat to down this past week even though October is normally the peak month of the year in the eastbound Pacific. Hopes for a strong peak season are therefore fading fast.
09 Oct 2015
An increase in the annual subsidy for operation of U.S.-flag ships under the Maritime Security Program survived in a U.S. House-passed bill to end the United States’ 40-year-old ban on oil exports, but the bill’s chances of becoming law remain iffy.
09 Oct 2015
Investigators seeking to determine why the TOTE Maritime cargo ship El Faro sank in Hurricane Joaquin last week with the loss of its 33-member crew are taking a close look at the vessel’s sister ship.
09 Oct 2015
Japan’s Mitsui O.S.K. Lines may incur a group net loss in the first half of fiscal 2015, which started in April, due to an extraordinary charge resulting from the collapse of Daiichi Chuo Kisen Kaisha, a mid-size domestic peer and equity-method affiliate.
09 Oct 2015
CMA CGM today confirmed it is in talks with the Yildirim Group over the sale of the Turkish conglomerate’s 24 percent stake in the French ocean carrier.
09 Oct 2015
South Korea’s container shipping companies Hanjin Shipping and Hyundai Merchant Marine are leading the country’s cautious financial recovery, but it’s unclear if the good times will last.
09 Oct 2015
Spot rates on the Asia-Mediterranean trade fell to their lowest ever levels this week, hitting $244 per 20-foot container as China shut down during the country’s Golden Week national holidays.
08 Oct 2015
This year’s peak shipping season has come and gone, and with it so has the notion of a traditional peak season, industry executives said at the JOC Inland Distribution Conference here Thursday.
08 Oct 2015
An increase in the annual subsidy for operation of U.S.-flag ships under the Maritime Security Program has been inserted into a U.S. House bill to lift the United States’ 40-year-old ban on oil exports.
08 Oct 2015
Zim Integrated Shipping Services refused to comment on reports it is planning an initial public offering in the U.S. next year.
08 Oct 2015
The imminent suspension of several liner services between Asia and the U.S. East Coast and South America during the slack shipping season threatens to put as many as 50 Panamax container ships out of work by January, according to Alphaliner.
08 Oct 2015
The container shipping industry is facing three more years of overcapacity and financial pain because of slowing global trade and a bloated order book of large vessels, forcing Drewry to slash its growth forecast for 2015 and revise down estimates for future years.
08 Oct 2015
Container line APL has launched a weekly service connecting North Asia markets with the U.S. West Coast using U.S.-flagged vessels in a speedy transit that will be controlled by the carrier from end-to-end, including the rail link to inland destinations.
07 Oct 2015
The labor dispute that clogged West Coast ports with containers for months is still shaping freight markets, speakers at the JOC Inland Distribution Conference say, months after a contract was signed and the freight logjam broke.
07 Oct 2015
FedEx founder, CEO and Chairman Fred Smith expects some of the cargo diverted from congested West Coast ports to remain moving through other entry points as shippers diversify their supply chains.
07 Oct 2015
Hyundai Merchant Marine said it will spin off its dry bulk division and its two U.S. West Coast container terminals as the Korean company seeks to bolster liquidity at its core container shipping business.
07 Oct 2015
Panama Canal Administrator Jorge Quijano has assured shipping leaders that the canal’s new, larger locks should open on schedule by April, despite concerns that the opening would be delayed by leaks in one of the locks’ concrete sills.
07 Oct 2015
The Coast Guard said its search for the 33 persons aboard the cargo ship El Faro would be halted at 7 p.m. EDT Wednesday, more than six days after the TOTE Maritime cargo ship sank off the Bahamas during Hurricane Joaquin.
07 Oct 2015
A Trailer Bridge triple-deck barge broke loose from the tug that was towing it from San Juan to Jacksonville, Florida, last weekend during the same hurricane that claimed TOTE Maritime’s El Faro.
07 Oct 2015
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.
06 Oct 2015
Four out of five ships operated by the world’s 20 largest container lines arrived in port on time in August, the best performance since November 2013, SeaIntel Maritime Analysis said in its Global Liner Performance report.
06 Oct 2015
Searchers are combing the Atlantic today in the fast-dwindling hope of finding survivors among the 33-member crew of the TOTE Maritime cargo ship El Faro, which sank five days ago during a Category 4 hurricane off the Bahamas.
05 Oct 2015
The Louisiana Chemical Association has filed suit to block raises for two groups of Mississippi River ship pilots that would boost their average annual pay more than $50,000 over four years, to $473,692 in 2019, according to a local report.
05 Oct 2015
The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive.
05 Oct 2015
A body of one crew member of the TOTE Maritime cargo ship El Faro has been found, the Coast Guard said, and the search continues for the remainder of the 33-member crew of the vessel, which sank during Hurricane Joaquin.
05 Oct 2015
U.S. West Coast ports are expected to claw back market share lost to the East Coast during the congestion earlier this year, but the longer term trend is for cargo to migrate to the east, Drewry says.
04 Oct 2015
When the Panama Canal’s expansion is completed, likely next year despite the likelihood of fresh delays, it will immediately orphan a class of ships specifically designed to maximize use of the existing canal. This could have a big impact on container ship supply in coming years.
04 Oct 2015
Factories across China are closed for the Golden Week holidays, but a few days of limited container volumes through mainland ports are little compared to a year of surplus capacity and record low freight rates.
03 Oct 2015
A U.S. Coast Guard air crew found a life ring belonging to the missing TOTE Maritime roll-on, roll-off/container ship late Saturday about 75 miles northeast of the ship's last know position near Crooked Island in the Bahamas.
02 Oct 2015
France’s CMA CGM has claimed that its new 18,000 TEU vessel, CMA CGM Bougainville, is the first container ship in the world to be equipped with new technology turning its payload of containers into “smart connected objects.”