The average cost to ship an FEU from India’s main container ports to the US East and West coasts is now hovering near $14,000 for low-volume customers.
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 Maersk Line, MSC (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 Oct 2021
Worsening port congestion is forcing western governments to realize that strong infrastructure is crucial to global trade and that migration rules need to be eased in order to fill supply chain jobs.
14 Oct 2021
Mediterranean Shipping Co. (MSC) has standardized the code for all the container facilities it uses globally, the first carrier to use a facility code format developed in part by the Digital Container Shipping Association.
13 Oct 2021
The congestion at North European hub ports is growing despite relatively flat volume growth compared to pre-pandemic 2019.
08 Oct 2021
Cosco Shipping told shareholders to expect a major increase in third-quarter and nine-month profitability thanks to the surge in freight rates and high demand.
08 Oct 2021
Third-quarter operational results from OOCL provide an early indication that carriers are firmly on course to reporting another highly profitable period in what will be a record-breaking financial year.
08 Oct 2021
A new routing through Jebel Ali builds on a string of additional capacity deployments by foreign mainliners active out of Indian trades, with the US route being the most sought-after bet.
07 Oct 2021
A dramatic decline in eastbound trans-Pacific spot rates this week is seen as a temporary reprieve for US importers that was caused by production cutbacks in China and a continuous influx of new capacity of chartered ships.
07 Oct 2021
A revised estimate of container shipping profitability through 2022 reveals no slowdown in the immense earnings being raked in by carriers in a heavily disrupted shipping environment.
05 Oct 2021
Increasing resilience to deal with a scenario that we have never seen in the 65-year history of container shipping is unlikely to be something market participants truly want to pay for, writes JOC analyst Lars Jensen.
04 Oct 2021
Planned increases in capacity to be deployed by carriers in the fourth quarter on Asia-Europe look impressive, but the extra space is being significantly reduced by port congestion that is delaying ships and upending schedules.
01 Oct 2021
If passed into law as currently written, the Ocean Shipping Reform Act of 2021 would bring about the most profound changes to maritime contracting since the 1998 version by allowing the government to weigh in on what constitutes a “reasonable” agreement.
30 Sep 2021
While carriers are enhancing intra-Asia operations, the moves come as shippers are seeing a shortfall in intra-Asia capacity as carriers skip port calls or redeploy larger vessels on main east-west trades, even as volumes surge.
30 Sep 2021
US importers are taking bolder action to guarantee capacity in ways that would have been unimaginable in years past, from chartering ships, embracing transloading, and paying more to secure contracted ocean capacity
29 Sep 2021
The trans-Atlantic trade lane heads into its busy fourth quarter facing the same capacity-cutting port congestion issues as the larger trades out of Asia, leaving little room for rates to drop from record highs.
24 Sep 2021
Pinched at both Asian load ports and US receiving ports, trans-Pacific carriers in August registered their fourth consecutive month of deteriorating on-time performance.
24 Sep 2021
An alliance of 150 industry giants is urging governments to get behind a global initiative that aims to decarbonize shipping by 2050.
24 Sep 2021
There is a growing spread between the highest and lowest spot rates as cargo owners fight for limited space on the trans-Pacific and Asia-Europe trades.
24 Sep 2021
Delays in Vietnamese production amid sky-high consumer demand in North America could create a surge in volume when factories reopen, putting even more pressure on already overwhelmed trans-Pacific supply chains.
23 Sep 2021
The latest move to tap into India’s export growth comes via a vessel-sharing deal between four regional carriers predominantly operating on intra-Asia trades.
22 Sep 2021
Two cases before the Federal Maritime Commission will test the limits of the regulator’s interpretative rule on detention and demurrage penalties.
22 Sep 2021
Chassis providers warn that only the easing of import volumes, and the resulting reversal of rising dwell times, will relieve tightness in equipment supply as production capacity is maxed out.
22 Sep 2021
With a declared transit time of 21 days from India’s JNPT to Norfolk, the new string boasts the fastest connection on the booming trade route, with the first westbound sailing scheduled for Oct. 25.
21 Sep 2021
After a year of pandemic-induced delays, demand for refrigerated containers equipped with active controlled-atmosphere (CA) technology, typically reserved for high-value produce, has increased among a wider range of shippers.
20 Sep 2021
CMA CGM has raced to patch a leak in its customer information data, the second data breach the carrier has had to deal with in a year.
20 Sep 2021
NVOs controlled more than half of total eastbound trans-Pacific volume through the first eight months of 2021, indicating a shift toward reliance on spot rates in the midst of widespread vessel and equipment shortages stemming from a massive spike in consumer demand.
17 Sep 2021
While the issue of container booking cancellations and no-shows is nothing new in the shipping arena, CMA CGM’s surcharge appears to be the first known case in the current acutely imbalanced market scenario.
17 Sep 2021
European regulators will find it increasingly hard to ignore complaints from shippers that supply chain delays and record transport prices are hurting their business, say shipper groups.
16 Sep 2021
Maersk issued its third upgrade of full-year 2021 results thanks to the continued strength of its ocean business and high freight rates.
15 Sep 2021
A consortium of container industry heavyweights has enlisted three banks in Asia to advise it on development of trade finance solutions to tether shipping data to new financing opportunities.
15 Sep 2021
Maersk is acquiring a Portuguese company that specializes in outsourced e-commerce fulfillment services to the fashion industry as the ocean carrier moves deeper into integrated logistics services.
14 Sep 2021
Mediterranean Shipping Co. is repositioning vessels from the trans-Atlantic to the trans-Pacific in a bid to meet the market’s high demand for Asia services.
14 Sep 2021
Vessel bunching at US ports and unprecedented bottlenecks landside will continue to cripple the US supply chain because a “fantastic peak” of imports from Asia shows no signs of abating for at least six months, according to industry analysts.
14 Sep 2021
Carrier association Shipping Australia believes the container shipping market will return to normal only when the effect of the COVID-19 shock on supply chains works its way through the system.
14 Sep 2021
Reduced harvesting in Asia has created additional demand for agricultural goods from the US and Australia, but a shortage of intra-Asia feeder ships is preventing exporters from taking full advantage.
10 Sep 2021
With their profitability now firmly established, carriers appear to be placing renewed vigor into growing their contracted cargo base.
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