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

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.
23 Aug 2019
WWO says it will fully cooperate with Australia’s ongoing ro-ro cartel investigation that had already ensnared Japanese firms NYK and “K” Line.
Trans-Pacific westbound spot rate plunge set to deepen
22 Aug 2019
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.
21 Aug 2019
A 10-week peak-season-only service launched Aug. 5 by Cosco and OOCL amid weakening spot rates adds a new level of confusion in the eastbound trans-Pacific, which is only being heightened by single-voyage extra-loader services by other carriers.
21 Aug 2019
Zim’s broadening partnership with the 2M Alliance helped the Israeli carrier record a profit in the second quarter of 2019 and an increase in freight rates for the quarter over the same period in 2018.
21 Aug 2019
The strong quarter for Maersk will strengthen its resolve in making what amounts to an existential bet that the integrator path is the best response to the commodification of ocean shipping.
19 Aug 2019
Carriers could react to the continuing decline in spot rates in the eastbound trans-Pacific by canceling more sailings during Oct. 2-7 Golden Week and beyond.
19 Aug 2019
Monetization of TradeLens would give the largest global container line another revenue stream not tied to ocean shipping, furthering its effort to become an integrator.
19 Aug 2019
Carrier market share in the trans-Pacific is not expected to change much in the next few months, in part because carriers will manage capacity by blanking individual sailings and deploying extra-loader vessels to handle import surges.
16 Aug 2019
Declining eastbound trans-Pacific container spot rates this week indicate that predictions of a weak peak season could be accurate.
16 Aug 2019
As tough as compliance with the IMO 2020 low-sulfur regulations will be, the switch to a cleaner fossil-based fuel will not be enough to achieve the IMO’s long-term zero-emissions target.
15 Aug 2019
Container carriers have already begun voluntarily reducing their carbon footprints, but shippers need to be prepared for the disruptive — and expensive — changes that must take place for the wider industry to reach IMO-mandated emissions reduction targets.
15 Aug 2019
The initial growth in volume booked via Maersk Line’s new online tool gives carriers further impetus to provide similar products that offer guaranteed contract reliability.
15 Aug 2019
It was a modest second quarter result, but Maersk Line continues to improve its profitability by improving reliability and resisting any temptation to chase market share.
14 Aug 2019
It has been several years since Seoul-based container carrier HMM has managed to report a quarterly profit, and the second quarter of 2019 was no different.
14 Aug 2019
Evergreen Marine has plunged deeper into the mega-ship operating space, ordering another 11 ships in addition to the 11 that are already being built and delivered.
13 Aug 2019
Will stiff fines force greater compliance by shippers with hazardous cargo declaration, or is technology a better way to prevent devastating ship fires?
13 Aug 2019
Yang Ming improved its revenue and volume in the first half of the year, but the Taiwanese carrier raised concerns over growing capacity and weaker demand.
13 Aug 2019
Imports from China were down 2 percent in July and 4.4 percent below the same period seven-month period in 2018.
12 Aug 2019
An almost 20 percent plunge in US imports from Asia in July shows the devastating impact of the trade war with China; import declines could worsen this fall with new tariffs starting in weeks.
12 Aug 2019
Ro-ro volumes from Mexico handled by US East Coast ports are on the rise as shippers are turning increasingly to waterborne options at the expense of truck and rail.
09 Aug 2019
Premium freight rates charged on Matson’s expedited China service contributed to positive liner results in the second quarter that were offset by declines in its domestic services and higher terminal operating costs.
08 Aug 2019
Reversing course, Global Port Tracker is now projecting monthly year-over-year declines, or minimal increases, in US merchandise imports in the trans-Pacific during the peak season.
08 Aug 2019
Trans-Pacific container carriers have learned that by tactically withdrawing full weekly sailings, or in some cases maintaining the sailing but skipping certain Asia ports, they are able to maintain a floor on rates without severely disrupting the flow of cargo.
07 Aug 2019
It was another solid quarter for Hapag-Lloyd, allowing the German carrier to report growing profitability through the first half of the year despite rising geopolitical risks.
06 Aug 2019
Low rates on Asia-Europe are sucking the profitability out of the trade, despite an increase in overall volume.
Container contract reliability efforts gaining traction
05 Aug 2019
No-shows, or “downfall” in industry jargon, have plagued the industry for decades, but carrier attention has risen in recent years as pressure to increase waste rises, and digitalization provides opportunities to streamline the booking process
05 Aug 2019
Rate increases and capacity cuts seem to finally be having an impact on Asia-North Europe container pricing.
Green container shipping can make economic sense
05 Aug 2019
Pursuing green initiatives in the shipping industry doesn’t only help the environment; it can boost the bottom line, as well.
Firming trans-Pac spot rates signal calmer peak
02 Aug 2019
Spot rates in the eastbound Pacific are starting to firm, but will not increase as dramatically as they did during the 2018 peak season because importers are taking tariff announcements in stride.
02 Aug 2019
An ongoing probe by Australian regulators that involves several carrier lines over a period of years has resulted in a hefty fine for K Line over price fixing allegations involving the shipment of vehicles.
01 Aug 2019
US retailers and other importers say they have no way to avoid paying the latest “tax” on their merchandise that will result from the Sep. 1 tariffs on the remaining $300 billion in Chinese imports, although cargo volumes this peak season will be unaffected.
31 Jul 2019
Carriers will be given a 45-day grace period to adjust to new rules in India that call for the filing of import and export manifests much earlier than required by existing regulations.
31 Jul 2019
It has been a good start to the year for ONE, with no distracting merger issues to affect service levels and revenue.
30 Jul 2019
Insufficient technological bandwidth and legacy ships may stall implementation of all-electric and hybrid vessel designs, despite showing significant potential to reduce greenhouse gas (GHG) emissions in an effort to meet International Maritime Organization (IMO) 2050 goals.