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

18 Sep 2020
Amidst confusion involving blank sailings, extra-loaders, and announcements this past week by government regulatory agencies in Beijing and Washington, spot rates in the eastbound trans-Pacific continued to climb higher.
13 May 2020
While other industries have seen massive increases or decreases in demand, food importers have been affected by an upheaval in consumption patterns and the channels through which end-consumers purchase food.
13 May 2020
CMA CGM has secured financial aid to improve liquidity and ease financial pressure as it prepares for declining volume and works on cutting debt levels of almost $18 billion that it carried into 2020.
13 May 2020
The scale of the damage COVID-19 has inflicted on various freight transport sectors, from container shipping to trucking, is widening.
13 May 2020
Maersk has managed to emerge from the first quarter with a strong financial result, but the chief concern of the carrier’s CEO is the second quarter when the heaviest impact of declining demand will be felt.
12 May 2020
Retailers’ forecasts of US import volumes for the third quarter appear to indicate that the peak-shipping season this fall will be disappointing.
12 May 2020
Europe’s hub ports prepare for a sharp decline in second quarter volume as capacity and demand shocks rattle the container supply chain.
08 May 2020
European ports have been hit harder by blank sailings than other regions, according to a survey by the World Ports Sustainability Program and the International Association of Ports and Harbors.
08 May 2020
Extending penalty waivers is expected to put an end to disputes over Indian import containers that BCOs failed to collect in a timely manner because of what they say are reasons beyond their control amid the nationwide COVID-19 lockdown.
07 May 2020
There is little demand for non-essential consumer goods, forcing shippers to store boxes filled with products that are not needed in economies that are still mostly closed.
06 May 2020
The fuel surcharge mechanism is coming under increasing scrutiny in what could be a sustained period of weak demand and low bunker prices.
05 May 2020
As they near completion of annual service contract talks, carriers and their customers in the eastbound trans-Pacific appear to have successfully navigated potentially contentious issues involving cargo forecasting, freight rates, and volatile oil prices.
01 May 2020
A temporary rush of imports, coupled with blank sailings in Asia, resulted in increased spot rates this week.
01 May 2020
The accumulation of containerized cargo in some recession-hit economies could hamper equipment availability when demand begins to return over the next few months.
01 May 2020
Given all the factors that could have led to confrontational trans-Pacific service contract negotiations this cycle, the lack of a clash points to a different future that can enable the container shipping industry to move forward.
01 May 2020
Decades of upscaling vessel sizes and consolidation has created a landscape where the barriers of entry into the main deep-sea trades are now so high that it is next to impossible for any newcomer to truly break into those trades on a material scale.
30 Apr 2020
The COVID-19 crisis will push the freight transportation industry closer to a future where digitalization is nearly omnipresent, automation is ingrained, and logistics has adapted to slower trade as the economic windfalls of globalization fade further.
30 Apr 2020
The largest US logistics provider is prioritizing technology spending as the COVID-19 pandemic demonstrates why more automation and digitization is needed.
30 Apr 2020
It has taken three years for ONE to sail into the black, with the carrier able to hold on to its profitability through a turbulent end to its financial year.
29 Apr 2020
First quarter volume declined at China’s largest carrier, but it was a strong result considering a container shipping environment that began to deteriorate in March.
28 Apr 2020
Carriers continue to be successful in their capacity management strategies, preventing a rate decline despite a sharp reduction in demand and a steep drop in fuel prices.
28 Apr 2020
Just as airlines have been able to price passenger seats by demand, carriers see similar potential in adjusting slot rates based on seasonality, supply and demand on a specific sailing, and costs associated with a specific shipment or customer.
27 Apr 2020
Containers shipped from China after factories reopened in March have now arrived at European ports, but there is little volume that will follow, at least for the next three months.
27 Apr 2020
From a flexibility perspective, new-Panamax vessels allow carriers to deploy the largest ships able to traverse the Panama Canal while still benefiting from economies of scale.
24 Apr 2020
DP World’s rollout this week of an online freight booking platform for forwarders continues its campaign toward broadening its reach in containerized supply chains.
24 Apr 2020
Carriers will blank dozens of sailings in the trans-Pacific as they anticipate a double-digit drop in imports in May and June.
23 Apr 2020
The unprecedented number of blank sailings announced by carriers on the Asia-Europe trade is an indicator of low demand expectations by carriers.
22 Apr 2020
The devastating impact of the US-China trade war followed by the COVID-19 destruction of consumer demand in the US will result in a dispersal of trade lanes connecting North America with growing production clusters in Southeast Asia, the Indian subcontinent, and Latin America.
22 Apr 2020
Since acquiring APL in 2016, CMA CGM has steadily withdrawn the carrier from all other trade lanes and will now only cover trade between Asia and North America.
22 Apr 2020
Shippers pressuring carriers to drop low-sulfur surcharges have some impressive data to support their push, with the price of very low-sulfur fuel oil in Singapore having collapsed by 70 percent since the first week of January.
21 Apr 2020
The improved crisis-managing ability of a consolidated container shipping industry is serving it well as the coronavirus drags down demand.
20 Apr 2020
Carriers are focusing their efforts on cost-saving measures through an extensive blank sailing program to match evaporating demand amid the COVID-19 impact on cash flow.
17 Apr 2020
This year’s negotiations on trans-Pacific service contracts have been more amicable than in previous years, as both carriers and their customers face significant challenges forecasting consumer demand and oil prices.
17 Apr 2020
The container shipping industry will undoubtedly do more business electronically as a result of the corona­virus disease 2019 (COVID-19), but will digitalization be a force for solving longstanding problems, set the stage for disruption, or both?
17 Apr 2020
The series of blank sailings is intended to shore up freight rates that have dropped to around $900-$1,000 per FEU from about $2,400 per FEU at the beginning of the year.
16 Apr 2020
Extensive capacity cuts by the carriers are reducing price volatility on the headhaul on the Asia-Europe trade and driving up rates on the backhaul.