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

14 Aug 2020
Taiwanese carrier Yang Ming was unable to turn around its string of financial losses in the first half, but the shipping company continues to inch its way closer to a positive result.
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.
10 Feb 2020
French carrier CMA CGM has partnered with a Europe research institute to conduct an around-the-world test of the potential of hydrogen as a clean and sustainable energy source.
07 Feb 2020
Shippers are watching with mounting concern as measures to combat the coronavirus outbreak in China begin to weigh heavily on supply chains.
06 Feb 2020
The price of low-sulfur fuel has fallen sharply off its January highs, but the monthly review period that governs bunker adjustment factor mechanisms means surcharges are going up.
06 Feb 2020
It's still too early to determine the eventual impact of the 2019 novel coronavirus on global trade, but an extended shutdown of factories and transit lines to and from manufacturing centers in China could have major downstream implications for ocean carriers.
05 Feb 2020
Maersk will blank six sailings this month due to the coronavirus, and said while the backlog of barge operations from Wuhan was easing, it was working with reefer shippers to mitigate port plug-in power capabilities.
05 Feb 2020
Major carriers, including Mediterranean Shipping Co. and Hapag-Lloyd, last week announced a GRI of $400 per TEU and $500 per FEU for all types of cargo moving on the westbound Indian trade to the US and Canada, effective March 1.
05 Feb 2020
Singapore-headquartered ONE has reported its third consecutive profitable quarter, turning around a dismal first year of operation in 2018 and heading for a positive 2019 fiscal year.
Coronavirus to cost China ports 6 million TEU in Q1: analyst
05 Feb 2020
The first real estimate of the impact the coronavirus will have on China’s container supply chain has been made, and it is significant.
04 Feb 2020
More than a year and a half after establishing a 40-foot container rate index on 12 global trades, the Baltic Exchange has started offering its daily Freightos Baltic Index as a benchmark for freight buyers.
04 Feb 2020
Data shows that backhaul shippers are being partially subsidized by headhaul shippers; for the Pacific backhaul, that figure is roughly $1.6 billion annually.
03 Feb 2020
Beneficial cargo owners are increasingly worried that disruptions in the manufacturing and logistics supply chains in China could worsen in the coming weeks due to the coronavirus. One shipper group has asked carriers to extend free time for container storage in the US.
03 Feb 2020
Australian shippers are breathing a sigh of relief, at least for now, after a court order was issued preventing longshore workers from striking against DP World Australia amid an ongoing 16-month contract dispute.
Shippers brace for blank sailings as container lines monitor coronavirus
31 Jan 2020
With response measures to the coronavirus evolving rapidly, it’s still too soon to determine the impact on container shipping given the seasonal lull in demand driven by the now-extended Lunar New Year celebrations.
31 Jan 2020
While the post-IMO 2020 chaos some thought would happen never materialized, low-sulfur fuel prices are on a wild ride down as the bunker supply chain recalibrates under new market dynamics.
30 Jan 2020
A Chinese government mandate extending the Lunar New Year holidays due to the deadly coronavirus means carriers and US ports will experience slack-season volumes well into March.
30 Jan 2020
Container shipping analysts say contract and spot rates are following seasonal patterns that do not reflect the added costs that come with IMO 2020 compliance.
Sartini takes over CMA CGM terminal role
29 Jan 2020
CMA CGM has made some senior leadership changes as part of a group restructuring.
NYSHEX volume tripled, membership doubled in 2019
29 Jan 2020
New York Shipping Exchange (NYSHEX) said 96.4 percent of contracts last year were fulfilled, meaning that carriers accepted the cargo for the sailing it was booked for and cargo owners and non-vessel operating common carriers delivered the containers they contracted.
28 Jan 2020
The use of low-sulfur fuel and LNG in shipping have come under fire from groups in Europe alleging that harmful emissions from certain low-sulfur blends and methane could be harmful to the environment.
28 Jan 2020
The group pushing process and data standards in the container shipping industry has released a new set governing the tracking and tracing of container shipments across systems and carriers.