Matson said the trans-Pacific continues to see high demand coupled with congestion at load ports, adding that all its premium services look to be nearly full through the first quarter of 2022.
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
07 Aug 2017
The orders threaten the industry’s fragile return to profitability.
07 Aug 2017
The schedule reliability of carriers on the four main east-west trades in the first half has improved but remains at unimpressive levels.
07 Aug 2017
Brazilian coastal carrier Mercosul Line last week suffered two accidents.
07 Aug 2017
The company blamed the shipping segment’s poor performance on slumping freight rates and cargo volumes.
07 Aug 2017
OOCL in first half profit turnaround as volumes and higher rates push up revenue.
06 Aug 2017
The strong US dollar underpins strong growth in the westbound trade, but exports stagnate.
05 Aug 2017
The trans-Atlantic trade remains an oasis of calm, but political threats and opportunities could shake up the trade.
04 Aug 2017
China dominates US scrap paper exports, accounting for almost 84 percent of total containerized wastepaper exports.
04 Aug 2017
Carriers indeed have greater pricing power this year.
04 Aug 2017
The Asia-Europe spot market remains volatile, but the familiar ups and downs have been far less compared with rate movements last year.
04 Aug 2017
US cotton exporters say that although Bangladesh is a growing market, its port congestion and lack of direct services adds complexity to their supply chains.
04 Aug 2017
Revenue climbed 3.3 percent to $1.72 billion.
03 Aug 2017
Andre Grikitis named breakbulk carrier's top executive in series of management changes.
03 Aug 2017
The port authority has also commenced 24/7 operations to ease the backlog of containers.
03 Aug 2017
First-quarter revenue increased 15.8 percent.
02 Aug 2017
Seaboard, which specializes in Caribbean, Central America, and South American trades, is Miami’s largest carrier.
02 Aug 2017
Shipping lines and shippers are apoplectic.
02 Aug 2017
Profitability is back for carriers on Asia-Europe, but the onslaught of mega vessels into the trade threatens to put the brakes on their financial improvement.
01 Aug 2017
The Hong Kong-based 300Cubits on Tuesday introduced the TEU, not the container unit.
01 Aug 2017
Brazil’s container trade grew 5.8 percent year-over-year in the first quarter.
01 Aug 2017
Philly Shipyard said on July 21 it had signed a letter of intent with an unidentified “leading Jones Act carrier” for construction of two container ships.
01 Aug 2017
Asia-Russia ocean shipping rates could decline 30 to 40 percent from current levels by the end of this year.
01 Aug 2017
Danaos reported sharply lower earnings in the second quarter.
01 Aug 2017
GSL’s fleet of 18 ships range in capacity from 2,262 TEU to 11,040 TEU.
31 Jul 2017
The most reliable carrier in the quarter was Wan Hai.
31 Jul 2017
Carriers on the Asia-Europe trade are heading for a vastly improved year.
31 Jul 2017
The positive earnings statements come less than a month after the three established Ocean Network Express.
31 Jul 2017
The New York Stock Exchange-listed company said it has begun the search for a new CEO.
28 Jul 2017
The higher Asia-Europe rates, as well as trans-Pacific rate strength seen this week will help carriers end the year with $5 billion in profit.
28 Jul 2017
Eastbound trans-Pacific spot rates this week surged by double-digits.
28 Jul 2017
The double-digit second-quarter volume and revenue growth will come as good news to OOCL’s prospective new owner, China Cosco Shipping Holdings.
28 Jul 2017
Carrier acquires 707-TEU ship to operate on the route.
27 Jul 2017
Crowley Maritime operates three monthly sailings with 16-hour transits to Mariel, Cuba, from Port Everglades, Florida.
27 Jul 2017
Surcharge comes as ports, carriers prepare for surge in synthetic resin exports.
Commentary
Commentary: Ethanol Content’s Unintended Consequences
Commentary: Container Carriers at a Crossroads
Commentary: For Ocean Carriers, It's Decision Time
Commentary: Strike Force
Commentary: Beyond Sept. 30