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

06 Dec 2021
There has been no end-of-year slowdown for spot rates on the Asia-Europe container trade lane as market disruption keeps upwards pressure on prices.
03 Dec 2021
Liner carriers find themselves in the unusual position of having cash to both repay debt and invest in a range of ways, from new ships to technology to strategic acquisitions.
03 Dec 2021
The sky-high ocean freight rates into the US East Coast have beckoned an increasing number of ‘tramp’ ships trying to secure berth space for container discharge at the NY-NJ port.
02 Dec 2021
The latest talk about a share sale that would start the path toward privatization comes after HMM announced record third-quarter results on Nov. 10 with a near 10-fold increase in net profit to almost $2 billion.
01 Dec 2021
An investigation into Australia’s shipping sector follows months of disruption to supply chains due to port congestion, stevedore industrial action, and curtailed carrier services.
01 Dec 2021
The impact of the Omicron variant on the operational aspects of the container shipping sector will be found in the political responses, and the variant holds more operational risk for Asian origin ports, writes maritime analyst Lars Jensen.
30 Nov 2021
With an intuitive knack for diplomacy and a mind for strategy and deal-making, Frank Caradonna is widely credited with leading the integration of new carriers into the market in the early 1990s.
29 Nov 2021
Many transportation executives, citing a highly fragile and capacity-constrained system and ongoing surprises tied to the unpredictable trajectory of the pandemic, are unwilling to declare the supply chain crisis has begun a period of sustained easing.
27 Nov 2021
The momentum in tackling shipping emissions that came out of the COP26 climate talks in Glasgow had slowed by the time the IMO’s 77th Marine and Environment Protection Committee wrapped up this week.
26 Nov 2021
The highly profitable container market benefited all shipping lines this year, but for Pacific International Lines it has enabled the debt-stricken carrier to pull back from the brink of bankruptcy.
25 Nov 2021
The high cost of charters and an urgent need to replace capacity caught up in the supply chain disruption continues to galvanize the second-hand ship market.
24 Nov 2021
Shippers with no alternative but to secure annual contracts are finding long-term rates at highly elevated levels even as the spot market shows signs of easing.
24 Nov 2021
Zim noted that in addition to significant transit time advantages, its new India string offers customers project cargo services and connections with other markets via its global network.
22 Nov 2021
Cosco was coy on how it plans to develop its relationship with SF Holdings, which has an extensive domestic air express cargo and ground transportation network and is growing its international operation.
22 Nov 2021
Shippers are being forced to rethink how they approach contract negotiations with carriers in the midst of an overheated market while wondering when rates may return to normal levels.
18 Nov 2021
The looming storage tariffs in Los Angeles and Long Beach are starting to force carriers, marine terminals, and shippers to break through the gridlock of competing interests.
18 Nov 2021
While its rivals target acquisitions that fit an integrated end-to-end logistics strategy, Hapag-Lloyd has instead focused on expanding its core container shipping network.
18 Nov 2021
The White House has endorsed proposed shipping reform legislation and said the Department of Justice is ready to assist maritime regulators if they find alliances are violating the US Shipping Act.
18 Nov 2021
Cargo owners are shouldering the huge increase in transportation costs, which are pushing up consumer prices and threatening to undermine the global economic recovery, according to UNCTAD’s annual maritime and trade report.
17 Nov 2021
Zim joins other leading carriers in reporting record earnings in the third quarter on the back of surging freight rates and container volumes.
17 Nov 2021
Although US imports from Asia were down 2.4 percent in October year over year, it was the third-busiest month ever for containerized imports from Asia.
16 Nov 2021
Through the suspension of a trans-Pacific service to Southern California, Zim Integrated Shipping Services has become the latest carrier to shift vessels out of trade, blaming port congestion.
16 Nov 2021
Shippers of refrigerated (reefer) cargo say ocean carriers have been favoring bookings for dry containers that are generating higher rates, compounding difficulties in securing equipment and vessel capacity.
15 Nov 2021
Maersk’s joint venture with Durban-based forwarder and terminal operator Grindrod — along with other recent purchases and partnerships — could be the start of a splurge of similar deals as a cash-rich Maersk strengthens its global logistics footprint.
15 Nov 2021
Rising inflation and interest rates could put the brakes on consumer demand and lead to a rapid slowdown in global demand for container shipping, despite carrier “hype” over lasting congestion levels, according to the Global Shippers’ Forum.
15 Nov 2021
Detention and demurrage costs have soared in 2021, and shippers complain that many of these storage fees are mistaken and difficult to correct.
12 Nov 2021
Electricity shortages slowing Chinese factory output and lowered production in Vietnam due to COVID-19 lockdown measures are providing a slight — and likely temporary — easing of short-term Asia–US container rates.
12 Nov 2021
Container lines and their largest import customers are beginning trans-Pacific service contract negotiations earlier month, driven by shippers’ concerns about securing enough contracted space and carriers’ stronger positioning.
11 Nov 2021
Strong growth in imports and a slight decline in exports over the past few years have thrown off the once balanced import-export flow in the US Gulf Coast, exposing Houston to the same terminal space issues and equipment imbalances that have plagued other import-dependent ports in 2021
11 Nov 2021
Container lines are raising the bar on repositioning empties for Indian exports, and coupled with new intra-Asia routings, equipment scarcity at origin ports is easing
10 Nov 2021
The Federal Maritime Commission is probing whether Hapag-Lloyd violated the US Shipping Act by charging detention on empty containers that could not be returned to marine terminals.
10 Nov 2021
HMM joined its peers in delivering record third-quarter results, with rising demand, increasing rates, and continued supply chain disruption set to keep the profitability spigot gushing.
09 Nov 2021
The World Shipping Council, representing major container lines, is asking federal maritime regulators to hold off on weighing on new Southern California port tariffs until the fees have been implemented on Nov. 15.
09 Nov 2021
Canada Pension Plan’s full takeover of Ports America may hit hurdle as two members of the Federal Maritime Commission ask for the deal to be reviewed for national security implications.
09 Nov 2021
The plan to include shipping in Europe’s cap-and-trade emissions trading is drawing strong condemnation from global shipping groups.
08 Nov 2021
Speeding the discharge of import containers from vessels and through congested marine terminals is becoming increasingly urgent as retailers rebuild their depleted inventories, let alone stock store shelves for holiday sales.