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

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.
18 Feb 2021
The “peak” shipping season in the eastbound trans-Pacific began last summer and continued right through January, with no significant drop in US imports from Asia in sight.
17 Feb 2021
The current freight rate debacle serves to create a significant competitive advantage for large retailers versus small retailers, and also create a competitive advantage for retailers of high-end products versus those with cheaper products.
17 Feb 2021
Evolving technology has allowed Maersk to fast track the deployment of its first methanol-fueled container vessel.
16 Feb 2021
Logistical challenges throughout the supply chain from the interior of the country to the seaports are a severe limitation on US exports, commodity shippers say, as total outbound US shipments fell 8.1 percent last year from 2019.
16 Feb 2021
The latest walkout action at Australia’s automated terminal in Melbourne furthers test the port system marked by berth congestion amid surging import demand
16 Feb 2021
Hapag-Lloyd says it expects to continue to reap hefty rewards from strong demand and high rates that led the carrier to a record 2020 operating result.
16 Feb 2021
A growing gap between inventory and sales in many US business sectors is projected to drive replenishment, expedited shipping, and high levels of imports for months to come.
15 Feb 2021
Europe’s pandemic-weakened economies are struggling to recover this quarter, and slowing demand is being reflected in freight rates that have been sliding since mid-January.
11 Feb 2021
Several top French shippers have committed to a wind-driven sailing service on the trans-Atlantic as part of efforts to further reduce their cargo’s carbon footprint.
11 Feb 2021
The demand surge that is congesting supply chains out of Asia is expected to continue long after Chinese New Year as carriers and ports battle with cargo backlogs.
10 Feb 2021
Maersk expanded deeper into landside logistics during 2020, strongly boosting its non-ocean revenue during a highly profitable year.
09 Feb 2021
South Korean carrier HMM is the latest shipping line to report a significantly improved 2020 result, with the industry now firmly on track for its most positive financial performance in years.
08 Feb 2021
Lower volumes in December and a slight slip in spot rates in January suggest the heavy demand keeping Asia-Europe logistics chains and equipment availability under pressure are beginning to moderate.
08 Feb 2021
If carriers are successful in reducing the number of days shippers can hold containers before being charged detention fees, some shippers may have to adjust warehouse operations so they can unload and return containers to carriers more quickly.
05 Feb 2021
Regulators have now fined ocean carriers Wallenius Wilhelmsen Ocean (WWO), NYK RORO, and “K” Line a total of $63 million for price fixing on vehicle shipping services on routes to Australia.
05 Feb 2021
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
04 Feb 2021
Container visibility provider ClearMetal said demand for its product aimed at helping shippers improve shipment delivery date accuracy ballooned in 2020 as “customer promise date” becomes a more important logistics metric.
04 Feb 2021
Given the challenges around container tracking data collection and quality, forwarders could one day become the clearinghouse for all the various components of an end-to-end visibility picture, as well as the provider of quality control for that data.
04 Feb 2021
Under pressure from an unexpected second-half surge in demand, US importers turned to core production sources in China as the urgency of not missing orders outweighed additional tariff and manufacturing costs.
04 Feb 2021
Reliability is trumping price in Asia-North Europe contracts, but shippers remain wary of having volume commitments cut by carriers, even as they lock in the elevated long-term rates.
02 Feb 2021
FMC Commissioner Carl Bentzel said rerouting ships to the ports of Seattle and Tacoma could take up to six weeks, but he doesn’t see a better alternative to easing Southern California port congestion.
02 Feb 2021
Hapag-Lloyd has found that stocking up on boxes cannot alone ease the severe equipment pressure that has built on the major trades out of Asia.
01 Feb 2021
In announcing its new Oakland service, the president of CMA CGM and APL in the United States says he does not expect congestion in Southern California to clear up until at least June
01 Feb 2021
Under the restructuring plan, Heliconia Capital Management will inject $600 million into PIL while taking a strategic shareholding in the company.
01 Feb 2021
California’s request for the Federal Maritime Commission to take immediate action on export delays shows political pressure is mounting to deal with Southern California port congestion that began over the summer.
29 Jan 2021
Port delays and disruptions have become so severe that the 2M and THE Alliances will blank at least seven voyages between Asia and Europe in February and March to restore schedule integrity.
29 Jan 2021
As COVID-19 infection rates rise, transport and maritime officials are urging that supply chain workers be given priority for vaccines, saying their health is essential to keeping goods moving throughout the US.
29 Jan 2021
Ocean Network Express expects to ride a wave of profitability through the first quarter of 2021 and beyond, driven by a strong recovery in demand on the trans-Pacific and Asia–Europe trades.
29 Jan 2021
It is natural that the attention in the market in recent months has been on the extreme rate increases, but the extreme is not necessarily a good indicator for the market as a whole.
29 Jan 2021
The container shipping industry is in the midst of yet another predictable cycle in which supply chains are upended by unpredictable external forces, relationships between carriers and shippers are tested.
28 Jan 2021
London- and Vilnius, Lithuania-based Cargo Stream is launching a container booking application that looks to address systemic issues around equipment availability and exchange.
28 Jan 2021
Although a sudden demand upswing is a key factor helping carriers keep rates at elevated levels on India trades, that undiminished pricing power also seems to reflect their success in deftly managing capacity as the pandemic quagmire lingers.
27 Jan 2021
The Mission Possible Partnership, whose corporate partners represent 30 percent of global emissions, was announced as part of the all-virtual World Economic Forum’s Davos Agenda.
27 Jan 2021
German line Hapag-Lloyd on Wednesday said its pre-tax earnings jumped 30 percent year over year in 2020, the latest evidence that container carriers are headed for their most profitable year in at least a decade.
27 Jan 2021
In a 2020 disrupted by the COVID-19 pandemic, the on-time performance of container carriers on the major east-west trades deteriorated to its lowest-ever level and then got even worse.