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

25 Sep 2020
Having exhausted the space allotments in their annual contracts, retailers and other importers are signing short-term contracts to secure capacity at Asian load ports. This is pushing short-term contract rates higher.
A soybean farm in Kansas, United States.
05 Nov 2018
Coupled with other, recent logistics-focused, blockchain developments, the announcement by Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus on Oct. 25 could be seen as tangible progress in the advancement of commercially viable uses of the somewhat controversial technology.
Port of Los Angeles.
02 Nov 2018
The Trump administration's initial 10 percent tariff on China prompted front-loading of holiday goods earlier this year. Now, the prospect of an additional 25 percent tariff on China on Jan. 1 is affecting spring shipments. Each is among the chief reasons trans-Pacific spot rates have maintained their strength.
Two container ships at sea.
02 Nov 2018
The World Shipping Council, which represents the container shipping industry, said the paper by the OECD’s International Transport Forum that wants the European Commission’s block exemption for container shipping lines to end without renewal in April 2020 demonstrated “a fundamental misunderstanding” of how the consortia block exemption works.
A container ship at sea.
02 Nov 2018
Although the industry is unlikely to see another all-encompassing fiat like IMO 2020, the International Maritime Organization's (IMO’s) ambition is to reduce greenhouse gas (GHG) emissions from international shipping to 50 percent of 2008 levels by the year 2050, and to someday eliminate the fleet's GHG emissions entirely.
A Cosco ship.
01 Nov 2018
Not even the revenue and volume from the acquisition of OOIL, one of the better managed global carriers, and $162 million in government subsidies Cosco Shipping Holdings received between January and September, could prevent its net earnings falling by 68 percent.
Ship: Maersk Lanco.
01 Nov 2018
Starting Thursday, shippers will be able to complete their bookings and receive confirmation within seconds compared with previous waiting times of up to two hours, a delay that has created uncertainty and extra workload, as shippers followed up bookings with thousands of phone calls and emails.
Port of Oakland.
31 Oct 2018
The reliability is particularly bad on the trans-Pacific, currently experiencing an extended peak season with tight capacity freight rates still increasing deep into the third quarter.
A container ship accepting fuel.
30 Oct 2018
The failed late-October attempt by some members of the International Maritime Organization to delay some provisions of the rule taking effect Jan. 1, 2020, underscores shippers’ drive to figure out just how much more they’ll be paying for ocean shipping.
A CMA CGM ship in Europe.
30 Oct 2018
How carriers recoup the rising cost of fuel will be key to their profitability this year. Bunker fuel comprises the largest single operating cost for shipping lines.
A heavy lift ship.
29 Oct 2018
The carriage ban makes it an offense for ships to carry fuel with sulfur content higher than 0.5 percent, unless the vessel has a scrubber.
Krishnapatnam Port.
29 Oct 2018
At the most recent talk in New Delhi, India Shipping Secretary Gopal Krishna and Bangladesh counterpart Abdus Samad agreed to increase ports of call, on each side, under the bilateral inland water transit and trade pact.
OOCL
29 Oct 2018
One example: although Orient Overseas gave no profit and loss numbers in its interim updates, the debilitating effects of rising operating costs and weak freight rates are clearly visible in the average revenue earned per container.
Port of Los Angeles.
26 Oct 2018
Shippers were still paying high spot rates, and scheduled deployment of extra-loader vessels indicates carriers believe imports will remain strong into November.
Antwerp port.
26 Oct 2018
Current supply/demand fundamentals and trade tensions are not a recipe for ocean carriers hoping to post a second consecutive year of profits. And then there is the low-sulfur fuel rule starting Jan. 1, 2020.
A barge on the Rhine River.
26 Oct 2018
The low water has stopped all barge transport on a huge section of the critical European waterway stretching between Kaub and the Swiss town of Basel, leaving high and dry shippers scrambling for truck transport that is in critically short supply.
A barge travels at the port of Antwerp
25 Oct 2018
The Rhine River is now lower than the previous record levels set in 2003 as the dry spell that began in August has extended through October, and barges cannot travel past Ludwigshafen, south of Frankfurt.
CMA CGM.
25 Oct 2018
The purchase price in cash or shares for the freight management business has yet to be agreed on, and failing agreement will be determined by an independent appraisal.
A container ship bunkering / receiving fuel.
24 Oct 2018
As a compromise to the failed experience building proposal, the IMO agreed to boost efforts to lessen the mandate’s impact on the market.
Maersk Leonidio at Ennore Port.
24 Oct 2018
The carrier, which handles roughly 20 percent of India’s container trade, has ended its operations at Chennai, citing congestion and related productivity issues, and has, instead, added Ennore — just 15 miles away — to its weekly Chennai Express Service (CHX).
Logistics technology and global trade/shipping.
24 Oct 2018
Integration Point is one of the largest providers of trade compliance software — tools that allow global shippers to manage customs regulations across the world, but also to strategize around the use of free trade zones and other ways to reduce duty exposure.
Air cargo being loaded.
23 Oct 2018
“There should be enough space as supply catches up with demand, but it is still possible to have a peak like we did last year [2017],” a spokesman for Freight Investor Service said.
MSC container ship bunkering.
22 Oct 2018
The likelihood of significantly increased fuel costs has carriers girding themselves for an existential moment — one where the consequence of a failure to recoup the additional costs could be severe.
Maersk Leonidio.
22 Oct 2018
The port of call change on the Chennai Express Service (CHX) — prompted by Chennai’s chronic congestion — took effect with the Maersk Leonidio docking at the Adani Ennore Container Terminal (AECT) on Saturday.
Houston skyline from the Port of Houston.
22 Oct 2018
The breakbulk and project cargo transport and logistics community raised approximately $60,000 earlier this month in Houston for the Maritime Emergency Workers Medical Fund, a non-profit organization dedicated to helping maritime families with their finances during medical crises.
For E2open, which like INTTRA began in the early 2000s as a consortium of high tech electronic manufacturers, the acquisition of INTTRA vastly expands its reach into the arena of global logistics, while also giving it access to INTTRA’s network of freight forwarders.
22 Oct 2018
The acquisition by E2open allows INTTRA to tap into a base of manufacturers and other shippers, a customer segment with which INTTRA has struggled over its history.
Trans-Pacific Trade Oct. 2018 photo for Infographic.
19 Oct 2018
The chaos of the trans-Pacific peak season has set the stage for tough annual service contract negotiations in the spring between container lines and US importers from Asia.
Samskip.
19 Oct 2018
The new Amsterdam link will provide greater service resilience for the Netherlands-Italy rail option, as the connections to the two Dutch ports will run on different routes, enabling a flexible response to any rail-related or port-related delays, according to Samskip UK trade manager David Besseling.
A heavy lift cargo ship transports an oil rig.
18 Oct 2018
Many questions remain concerning the low-sulfur rule that goes into effect on Jan. 1, 2020: how best to comply, how to manage fuel supply after IMO 2020, how to estimate changes in fuel costs, and how to plan for enforcement.
Bharat Mumbai Container Terminals (BMCT), India.
18 Oct 2018
Bharat Mumbai Container Terminals, which officially opened in February, has added a fortnightly coastal service from domestic shortsea ship operator Shreyas Shipping and Logistics.
Port of Oakland.
18 Oct 2018
"I’m not optimistic we are going to see a grand bargain with all the tariffs coming off,” Lance Noble, senior analyst at Gavekal Dragonomics, said at the TPM Asia Conference on Oct. 10.
Port of Los Angeles.
17 Oct 2018
It has now been 12 consecutive weeks that spot rates on imports from Asia have been higher than $2,000 to the West Coast and $3,000 to the East Coast, according to the Shanghai Containerized Freight Index. This is the longest sustained period of elevated spot rates since 2013.
A CMA CGM ship.
17 Oct 2018
The carrier raised its stake in the logistics service provider a week after CEVA Logistics rejected a $1.5 billion takeover bid from rival DSV.
A ONE ship.
16 Oct 2018
The ocean carrier — which launched in April and comprises “K” Line, MOL, and NYK Line — said in its half-year earnings report that it collectively expects to lose $310 million in the first half of the year, on revenue of $5.03 billion.
Port of Santos.
16 Oct 2018
Although still in the early schedule-setting process, a likely new joint venture will leave Asia-east coast of South America shippers with fewer, larger ships and one less service, so says a shipping industry expert.
15 Oct 2018
Sponsored: DHL Europe Vice President Felix Heger on 2019 market concerns, China-Europe rail, digitalization, deteriorating carrier service quality; and the growing importance of organizing haulage.