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

05 Jun 2020
COVID-19 lockdowns are weighing on global container shipping demand, and CMA CGM has joined other major carriers in expressing gloomy expectations for the second quarter.
03 Mar 2020
New offerings released this week by Evergreen and Kontainers underscore the recent shift in how cargo transport is sold online and what’s available to book.
02 Mar 2020
Terminal operators in Los Angeles-Long Beach are canceling work shifts due to plunging cargo volumes, which is causing a backlog of empty containers in Southern California and could trigger chassis shortages if the condition is not resolved soon.
02 Mar 2020
The last of the pre-Chinese New Year shipments has arrived in the US and Europe, but with little shipped in February because of widespread factory shutdowns to curb the spread of the coronavirus, stock levels in March will start to run down.
02 Mar 2020
Logistics system integration provider Chain.io will help shippers and forwarders connect to carrier track-and-trace data via a standard established by the container line-led Digital Container Shipping Association (DCSA) in January.
28 Feb 2020
Spot rates in the eastbound trans-Pacific edged up slightly this week in the wake of blank sailings driven by the Lunar New Year and the coronavirus, although industry sources express optimism for growing cargo volumes in the second half of March.
28 Feb 2020
COSCO Shipping and OOCL again handled the largest share of US container imports from Asia in 2019, while CMA CGM and APL maintained the top spot in westbound US–Asia trade, despite declining overall volumes.
27 Feb 2020
Financial gains posted by carriers over the past couple of years could evaporate in 2020 unless lines contain their costs and standardize fuel pricing, according to an outlook released by AlixPartners.
27 Feb 2020
The addition of the new members in the Global Shipping Business Network will stoke competition in the race to develop platforms that link carriers, shippers, ports, terminals, customs authorities, and banks.
27 Feb 2020
The coronavirus disease 2019 (COVID-19) outbreak will distort container flows and global equipment fleet balance for at least another 90 to 120 days, according to Gregory Tuthill, chief commercial officer at SeaCube Containers.
26 Feb 2020
The terms of a $5 billion credit line obtained by Maersk as it reinvents itself as a logistics integrator will become more favorable as the ocean carrier progresses towards its carbon-neutrality goal.
26 Feb 2020
Container shipping continues its struggle to match capacity with very low demand, pulling huge amounts of capacity out of service on the key east-west trades.
25 Feb 2020
The domino effect of factory closures and other related supply chain disruptions stemming from the coronavirus disease 2019 (COVID-19) will have major downstream ramifications for container shipping demand, equipment availability, and rates.
24 Feb 2020
Driven mostly by increases in bunker fuel charges due to the IMO 2020 global low-sulfur fuel requirement, carriers say they intend to achieve all-inclusive freight rates that are slightly higher than the rates in last year’s service contracts.
24 Feb 2020
The Chinese government says it will take “strong measures” to ensure supply chain fluidity for refrigerated (reefer) food products, but US exporters must wait for factories to reopen and ships to begin leaving China again.
24 Feb 2020
Attention is shifting from mitigating the effects of China's dramatic measures to limit the spread of the coronavirus to how to recover from its impact on the supply chain.
21 Feb 2020
IHS Markit Vice President Peter Tirschwell on what to expect at this year's TPM Conference (1-4 March 2020, Long Beach, Calif). For the full agenda visit: www.joc-tpm.com/agenda
21 Feb 2020
The vulnerability of the container shipping supply chain has been repeatedly — and painfully — exposed, but as 2020 gets underway, the industry is facing disruption on a scale not seen in its more than 60-year history as a result of the coronavirus (COVID-19) outbreak in China.
21 Feb 2020
JOC Executive Editor Mark Szakonyi on afternoon sessions and case studies to be held at TPM20, 1-4 March 2020, Long Beach, California. For the full agenda visit: www.joc-tpm.com/agenda
Rail blockade forces Halifax ship diversions
20 Feb 2020
Halifax and the ports of Montreal and Vancouver have endured cargo backlogs at marine terminals and disruption to domestic and international shipments.
20 Feb 2020
A.P. Moller-Maersk’s integration strategy calls for the carrier to grow its non-ocean segment to half the business, but that process slowed dramatically in 2019.
20 Feb 2020
Due to reduced demand tied to the coronavirus, Maersk said it has cancelled more than 50 sailings beyond what it normally cuts during the traditional Chinese Lunar New Year lull.
19 Feb 2020
Maersk is more than doubling its warehousing and distribution assets in North America through an acquisition that serves as another signal of its commitment to transition from container line to integrator.
Hapag-Lloyd advances profitability despite difficult fourth quarter
19 Feb 2020
A weak container shipping environment in the fourth quarter was unable to prevent Hapag-Lloyd growing both revenue and average freight rates across the year.
18 Feb 2020
Declining imports due to factory shutdowns in Asia from the Lunar New Year and the coronavirus are beginning to produce a shortage of empty containers in the US interior, with the shortages expected to spike in March.
Port of Prince Rupert rail restored
18 Feb 2020
A rail blockade in Ontario as part of a more than week-long First Nation protest against a proposed oil pipeline in Canada remains in place, and CN’s eastern Canadian network is at a near standstill.
18 Feb 2020
Shippers have long complained of transshipment containers being rolled with little or no warning, but new data tracking the issue has revealed the extent of the problem.
Container capacity cuts can't stop coronavirus-fueled spot rate dive
17 Feb 2020
Carriers are not having much success in balancing capacity with falling demand as the coronavirus impact cuts China’s export volume.
14 Feb 2020
US refrigerated (reefer) shippers reported improved service from ocean carriers in 2019, but equipment issues and other uncertainties could impact cold chains this year.
PIL to exit trans-Pacific in March, citing ‘strategic review’
14 Feb 2020
Pacific International Lines, which participates in a half-dozen trans-Pacific services, mostly in slot-charter arrangements, is exiting the highly-competitive Asia-US trade lane.
Reefer surcharges rocket due to Chinese port plug scarcity
14 Feb 2020
US exporters of refrigerated (reefer) cargo are facing costly delays in China and equipment shortages in the United States due to extended factory closures and limitations on worker movement caused by the coronavirus outbreak.
HMM narrowed losses in 2019, but faces precarious market
13 Feb 2020
South Korea-based container carrier HMM managed to cut its operating losses and increase revenue in 2019, but the start of the new year has come with mounting challenges.
SM Line to join 2M Alliance in cooperation agreement
12 Feb 2020
A cooperation agreement between the 2M Alliance and SM Lines that begins April 1 will increase the alliance’s presence in the Pacific Northwest.
12 Feb 2020
Maersk has replaced its outgoing CFO with an executive from the chemicals industry to help drive the carrier’s M&A and innovation strategy.
NYSHEX moves into long-term contract space
12 Feb 2020
The New York Shipping Exchange has begun allowing shippers and freight buyers to migrate their long-term contracts with container lines onto the NYSHEX platform, essentially allowing contracts negotiated outside the exchange to be fully and mutually enforceable as if they were transacted within the exchange.
10 Feb 2020
Logistics experts say a return to full production in China is unlikely before the end of February, while the post-Lunar New Year lull in the trans-Pacific could extend into March because of delayed factory re-openings due to the coronavirus.