The world’s largest container line is headlong into a business transformation that’s highly visible, partly of its own doing and partly due to the increased scrutiny such a change by a market leader brings.
Monday December 9, 2019
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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 CMA CGM, MSC (Mediterranean Shipping Co.) and Maersk Line to smaller carriers such as Eimskip and Atlantic Ro-Ro Carriers, 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 2019
Sponsored: Sandra Karlsson, head of DGF GoGreen Europe for DHL Global Forwarding, discusses the significance of IMO 2020, the regulation's actual impact, consumer expectations, and exciting decarbonization options available to shippers.
05 Dec 2019
Australian shippers are taking a wait-and-see approach to a review by the country’s competition watchdog on whether to continue the class exemption for container shipping companies from competition laws. The head of the government panel says those exemptions are becoming “harder to justify.”
04 Dec 2019
The double-digit spot rate hike on Asia-US this past week was due largely to the implementation of low-sulfur fuel surcharges. Carriers can take heart, for now, from their ability to make December’s interim LSFO surcharges stick as they prepare for permanent surcharges after the Jan. 1 implementation of IMO 2020.
04 Dec 2019
Outsiders can find vessel chartering in the breakbulk sector exasperatingly opaque. In part one of a special report on the topic, JOC.com takes a peek behind the curtain at BBC Chartering, which boasts the largest fleet in the sector.
04 Dec 2019
The addition of Feedertech to the DP World portfolio of regional shortsea and feeder carriers enables the port operator to improve its control beyond the terminal.
04 Dec 2019
CMA CGM secures high-level French political support in its drive to deliver a more sustainable shipping product.
04 Dec 2019
JOC's annual Container Trade Europe conference, hosted by the Port of Antwerp on Oct. 20-22, 2020, will focused on the needs of container shippers. The targeted program is developed and led by the specialized journalist team of the JOC.
02 Dec 2019
Much of the attention in the run-up to IMO 2020 has been on the immediate impact of the mandate, but there are some longer-term considerations that warrant examination.
29 Nov 2019
Rates on Asia trades to the US and Europe rose strongly this week, an encouraging sign for carriers that are about to start applying low-sulfur fuel surcharges on spot cargo.
29 Nov 2019
The Indian government is closely scrutinizing terminal handling charges -- perhaps the most controversial of all ancillary charges levied by carriers -- as they typically vary widely from terminal to terminal within a port and from port to port within a region.
27 Nov 2019
An Arctic routing translates to 24-25 days of sailing versus a 34-35 day transit via the Suez. That provides an opportunity to not only profit from -- but also further contribute to -- global warming.
27 Nov 2019
The extent to which US retailers rebuild their inventories post-Christmas will provide a hint as to how consumers will respond to mixed economic signals and higher prices on some Chinese goods.
25 Nov 2019
Maersk is dealing with its second high-profile executive departure in just the past two weeks with the news CFO Carolina Dybeck Happe is leaving to take the same position with GE.
25 Nov 2019
CMA CGM will dispose of ships and terminals over the next few months to lighten its capital structure and raise cash to pare down its significant debt levels.
22 Nov 2019
Growth in US imports from the Caribbean and Central America was unable to offset a decline in exports in the first nine months of 2019.
21 Nov 2019
Carrier rankings in the eastbound trans-Pacific show no year-over-year change as container lines operate cautiously in a slow-growth market.
20 Nov 2019
Zim, pointing to cost efficiencies gained through its partnership with the 2M Alliance, navigated a market rife with uncertainties to post slight Q3 increases in net profit and revenues.
20 Nov 2019
Another public consultation has been opened into the container shipping block exemption regulation, which the European Commission has proposed renewing for four years.
19 Nov 2019
Pacific International Lines is expanding its weekly Vietnam service to the US with the addition of a second call in Vietnam amid a double-digit jump in eastbound container volumes from the southeast Asian country.
18 Nov 2019
Most major carriers and some freight forwarders have announced their own bunker adjustment factor (BAF) formulas to offset higher fuel costs, but there is little commonality in pricing or even what they are called.
15 Nov 2019
The second straight weekly decline in spot rates in the eastbound Pacific seems to show that the peak shipping season was uneventful -- and that the 25 percent tariffs on $300 billion of imports from China due to go into effect Dec. 15 is having no significant impact on freight volumes.
15 Nov 2019
Mediterranean Shipping Co. is bringing in ex-Maersk COO Soren Toft not because they’ve been unsuccessful, but rather because they know they need an outsider’s view to maintain that success as they enter their second half-century of existence.
15 Nov 2019
The industry’s pivot to scrubbers is a gambit not just in that it hinges on high-sulfur bunker fuel prices staying significantly lower than low-sulfur fuels, but that regulators won’t further restrict scrubbers as environmentalists raise alarms.
15 Nov 2019
Maersk continues to improve its profitability, helped by falling bunker prices and a greater focus on capacity management.
14 Nov 2019
German carrier Hapag-Lloyd saw its volume fall slightly through the peak season, but managed to get rates to move up despite the weak shipping environment.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
13 Nov 2019
Yang Ming has managed to cut its losses in the first nine months of the year, but is still some way off delivering a profitable result.
12 Nov 2019
The latest Toepfer Multipurpose Index shows the project and breakbulk sector holding its breath as the effects of IMO 2020 begin to play out.
12 Nov 2019
Evergreen saw its profits slashed in the third quarter, barely managing to stay in the black despite an improvement in revenue.
12 Nov 2019
Through a partnership with the software provider BlueX Trade, the Taiwan-based container carrier will allow shippers and non-vessel-operating common carriers (NVOCCs) to book space digitally “within minutes,” the companies said Tuesday.
11 Nov 2019
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
11 Nov 2019
The man leading the decarbonization charge at Maersk abruptly leaves the company, days before the world’s largest carrier will release its third-quarter earnings.
08 Nov 2019
The spot rate on Asia-North Europe has risen for three consecutive weeks, with expectations that demand could begin to improve later in November as cargo moves ahead of an early Chinese New Year.
07 Nov 2019
Experts are warning that IMO 2020 could have a costly impact on shippers if they’re not careful about handling new — and potentially confusing — invoice lines related to low-sulfur fuel surcharges they’ll soon have to pay.
06 Nov 2019
As expected, greater clarity is emerging around the low-sulfur surcharge and how it will apply to shippers in cost-per-container terms as carriers get ready to queue up at the pumps.
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Commentary
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A fleet in peril – the need for a US-flag cargo strategy