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

13 Sep 2019
Shippers in the trans-Pacific should brace for a confusing fourth quarter as carriers in October file low-sulfur fuel surcharges customers will have to pay in November and December. Those interim fees will be replaced by permanent floating surcharges effective Jan. 1.
A Maersk Line ship at sea.
09 Oct 2018
Conceptualized in India, the program complements Maersk’s global technological ecosystem and open innovation efforts.
A container ship accepting bunker fuel.
09 Oct 2018
Many shippers have created their own bunker adjustment factors (BAFs), but smaller beneficial cargo owners typically have to accept the BAFs proposed by ocean carriers. However, widespread distrust of the carrier fuel surcharge mechanism may have the effect of pushing more shippers towards coming up with their own BAF formula to have greater control of a process.
08 Oct 2018
While Loadsmart is far from the only startup to take on the idea of automating certain parts of the truck brokerage business — Convoy, Transfix, and Uber Freight are the most notable names in this movement — the former has been on a different growth path.
Chicago - logistics technology capital.
08 Oct 2018
End-to-end visibility will make supply chains more efficient, Chicago-based project44’s President Tommy Barnes says, but only if shippers use data received to collaborate with partners.
A container ship at a port.
08 Oct 2018
The Container Shipping Lines’ Association of India, in its latest report to the Ministry of Shipping, argued that cabotage relaxation has paid off with significant transshipment gains for Indian ports during September.
An APL ship.
08 Oct 2018
The Eagle GO Guaranteed Service — targeting shippers willing to pay premium rates for a faster and guaranteed service that provides a complete refund if the ocean carrier fails to meet the delivery date — will expand from 29 Asia ports to 150 Asia and Middle East ports.
The Port of Los Angeles.
05 Oct 2018
As uncertain as trans-Pacific rates have been, they are up 56 percent to the West Coast and 67 percent to the East Coast, compared with early Oct. 2017. However, more price volatility is anticipated as the peak season ends, importers prepare for the Chinese New Year, and proposed 25 percent Trump administration tariffs take effect on Jan. 1.
A freight train travels across China.
04 Oct 2018
China’s government has invested billions in the China-Europe rail network, and volume, propelled by subsidies, has surged. However, those subsidies have created other downsides for shippers and the broader market.
Container ship bunkering in Japan.
04 Oct 2018
A survey conducted by global shipping consultancy Drewry found considerable unease among global shippers and forwarders ahead of the low-sulfur fuel implementation. Concern was expressed by respondents about ocean carriers’ methods of fuel cost recovery with more than half, 56 percent, stating that they did not consider their service providers’ existing approaches as either fair or transparent.
Port of New York and New Jersey
01 Oct 2018
The port and government officials have created an advisory committee, called the North Atlantic Marine Highway Alliance, to stimulate barge use and reduce truck traffic and the pollution and congestion it creates.
Port of Los Angeles with a CMA CGM ship.
28 Sep 2018
Further, two key decision-makers, one each from the Port of Los Angeles and the Port of Long Beach, agreed that the early building of peak-season inventory this summer will be followed by slower growth in the fourth quarter of the year.
Container stowage.
26 Sep 2018
The ocean carrier found that existing rules regarding the stowage of dangerous goods cargoes, which create their own oxygen and can’t be extinguished using standard carbon dioxide-based on-board firefighting equipment, to be inadequate and has implemented new procedures across its fleet.
Nippon Cargo Airlines.
26 Sep 2018
Further, trans-Pacific shippers will welcome the additional capacity, especially this peak season, for several reasons.
A container ship at sea.
25 Sep 2018
The new bunker fuel adjustment factors will provide more insight concerning whether ocean carriers can recoup what they argue are increased operational costs for bunker fuel and for meeting the Jan. 1, 2020, low-sulfur mandate.
25 Sep 2018
Non-vessel-operating common carriers have come to the rescue of beneficial cargo owners seeking better service guarantees and lower rates from ocean carriers they have contracted with for Asian imports.
Port of Oakland.
24 Sep 2018
It is one of the ironies of container shipping. While the container may be one of the world’s greatest universal standards, creating untold benefits to trade and prosperity, the process of standardization around the movement of the container remains woefully incomplete.
Port of Los Angeles.
21 Sep 2018
However, analysts and stakeholders say shippers should not focus on the rate drop, but rather, they should prepare for unprecedented turmoil in the eastbound Pacific that is affecting cargo loading at Asian ports and delivery and storage in the United States.
The Port of Los Angeles.
20 Sep 2018
Already chaotic and upended, the Trump administration’s proposed Jan. 1, 2019, 25 percent tariff on imports from China is causing importers to scramble for ocean, truck, and rail capacity — with the next ramification being the warehouse variable: will there be any space after the front-loading of imports?
Ed DeNike, president, SSA Containers.
19 Sep 2018
Fifty-two-year shipping industry veteran Ed DeNike received the West Coast Containerization & Intermodal Institute Connie Award Tuesday in Long Beach, California.
Dover port, United Kingdom.
19 Sep 2018
“Unfortunately, a no-deal scenario is still quite possible,” according to European Council President Donald Tusk. “But if we act responsibly, we can avoid a catastrophe.”
19 Sep 2018
Maersk has taken the next step in its pursuit to become a supply chain integrator akin to UPS or FedEx.
Containers stacked at a port.
18 Sep 2018
So far, India's cabotage reform has boosted transshipment business for private ports more than anticipated.
Port of Los Angeles.
18 Sep 2018
The focus now turns to how dramatic the post-peak season decline will be, and if it will take place earlier than normal after shippers front-loaded their supply chains to avoid US tariffs.
Maersk Line.
17 Sep 2018
Estimates on the cost of the container shipping industry meeting the mandate range from $5 billion to tens of billions of dollars, but ocean carriers are uniform regarding one aspect of this substantially higher cost.
Logistics providers.
17 Sep 2018
A new breed of commercial solutions, mostly developed by startups, aiming to reshape price discovery and ease of quoting, has engendered new possibilities when it comes to freight derivatives.
Port of Los Angeles.
14 Sep 2018
Extra-loaders have made their presence felt, but is that extra capacity capable of ending the escalation in trans-Pacific spot rates long term?
A Hapag-Lloyd ship.
14 Sep 2018
The spot market between Asia and Europe remains stronger than at the same time last year, but the rate is beginning to follow a pattern that will likely concern ocean carriers.
Maersk Line.
13 Sep 2018
The plan calls for targeting transshipment cargo at the east coast ports of Visakhapatnam, Chennai, Krishnapatnam, Kattupalli, and Ennore through expanded feeder networks.
A Hapag-Lloyd ship.
12 Sep 2018
One overriding factor is underpinning the sailing cancellations.
11 Sep 2018
Initial integration problems of Ocean Network Express had an impact on the first-half share of US trade, both exports and imports, carried by the Top 5 US trade carriers.
A ONE ship.
10 Sep 2018
The Top 5’s losses were driven exclusively by shippers shunning the Ocean Network Express, and there was another shipper trend that provides an insight regarding how shippers responded to alliances.
Port of Los Angeles.
07 Sep 2018
Ocean carriers plan October blank sailings even as they introduce extra-loader vessels to handle an import surge in September.
A CMA CGM ship.
07 Sep 2018
As with other ocean carriers, rising bunker fuel prices weighed on CMA CGM’s second-quarter results. Even so, its CEO and chairman remained positive regarding 2018’s second half, citing the rise in freight rates and sustained volumes, in addition to the quality of its service offering.
Two container ships at sea.
06 Sep 2018
Its status may change in the future, but at least for now, instant pricing is a bit of a two-edged sword for ocean carriers.
Maersk Line.
06 Sep 2018
Electronic seals are considered tamper proof and, as such, the new process enhances supply chain security. In addition, as the process eliminates the need for physical, on-site inspection by customs officials, it can reduce shipper logistics costs.