The group pushing process and data standards in the container shipping industry has released a new set governing the tracking and tracing of container shipments across systems and carriers.
Tuesday January 28, 2020
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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
27 Jan 2020
Despite stiff truck competition, East Coast ports have taken aggressive steps to capture more intermodal cargo and spend significant capital to build out rail infrastructure.
27 Jan 2020
Carriers are pushing back against the latest move by Indian regulators to streamline logistics costs, saying it will result in inefficiencies and delays in trade flows.
27 Jan 2020
The true success of carriers’ attempts to recover low-sulfur fuel costs via bunker surcharges may only be evident once the first-quarter financial results are released, but so far it is not looking good.
24 Jan 2020
This week before the beginning of Lunar Lunar was marked by scattered rolled cargo in Asia and flat spot rates in eastbound Pacific, indicating that the normal pre-New Year surge of imports did not happen.
24 Jan 2020
Carriers’ growing experience in reducing short-term capacity without having to resort to more disruptive actions like eliminating full services is a profound change in the market that will help the carriers absorb blows that in the past would wipe away profits like a dustrag.
24 Jan 2020
The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
23 Jan 2020
DP World, in a letter to Russian regulators seeking to buy a stake in intermodal transport group Fesco, said it would invest $350 million in the Vladivostok seaport and expand the company’s railcar fleet.
23 Jan 2020
A strike by French dockworkers this week is causing severe disruption to carrier schedules as port calls to Le Havre and Marseilles-Fos are cut.
22 Jan 2020
The world’s two largest container makers issued profit warnings Wednesday, citing the US-China trade war for a bleak 2019 financial picture.
22 Jan 2020
It has been a good year for Cosco Shipping, with seemingly no ill effects from the US-China trade war or slowing economies around the world.
21 Jan 2020
As we prepare for the 20th anniversary of TPM, the track record shows little has changed in the past two decades in terms of the focus of container shipping contracts evolving from price to service.
21 Jan 2020
The price of low-sulfur fuel has risen sharply in January, with the volatility exceeding expectations.
20 Jan 2020
Decarbonizing global shipping comes with a huge price tag, but much of the costs will be required in landside infrastructure investment.
17 Jan 2020
The US-China trade war slammed import volumes sufficiently enough in 2019 that imports from Asia experienced their first year-on-year drop since the 2009 global recession.
17 Jan 2020
Factories in China close for the lunar new year holidays that begin on Jan. 25, and the high spot rates enjoyed by carriers on the trade are beginning to fall.
16 Jan 2020
Importers and exporters shipping with CMA CGM are being offered a matchmaking service that will allow them to leverage the carrier’s global network in search of new markets.
15 Jan 2020
The fleet-to-orderbook ratio is at its lowest in nearly a decade as carriers maintain a tight grip on capacity, aided by scrubber retrofitting and scrapping.
13 Jan 2020
Customers and service providers of container shipping companies have again voiced their opposition to the European Commission’s decision to extend the carrier block exemption for another four years.
10 Jan 2020
US imports in January-February are projected to drop steeply year-over-year, but pick up in March and return to normal seasonal trends.
10 Jan 2020
In an effort to recoup low-sulfur mandate costs, some containers lines pushing higher fuel surcharges while easing base spot cargo rates, while others are posting more moderate increases in fuel surcharges and trying to keep freight rates steady.
10 Jan 2020
Despite the continuation of US import tariffs on $370 billion in Chinese-made goods and a slowing global economy, Asian container trade growth is expected to accelerate in 2020.
09 Jan 2020
A secret shopper study of top forwarders by an equipment marketplace provider finds that most are uninterested in providing shipper-owned container options to small or unknown shipper customers.
09 Jan 2020
The first of the global container carrier alliances has announced its 2020 schedule, with the other two groupings due to reveal their networks soon.
08 Jan 2020
Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
06 Jan 2020
Spot rate hikes in the major container trades in early 2020 are only slightly higher than the historical average for this time of year, and as such, shippers should brace themselves for further increases.
06 Jan 2020
The impact of steadily rising low-sulfur fuel prices on carriers is being partly offset by a strong increase in the Asia-Europe spot market, but the traditional slack season is just a couple of weeks away.
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
03 Jan 2020
It took decades to break up shipping conferences’ control and fixing of shipping rates, but now freight forwarders face a new threat from the carrier-backed TradeLens, a group that has already taken control of much of the world's container cargo data.
31 Dec 2019
The “phase one” trade deal has eased tensions between the US and China and prompted Washington to cancel some tariffs and reduce others, a move welcomed by US retailers, who say the tariffs have been a drag on the US economy.
31 Dec 2019
Despite an easing of trade tensions between the United States and China, shippers will continue to diversify their sourcing options to mitigate risk.
31 Dec 2019
With true end-to-end shipment visibility unlikely to come from a single provider, shippers and 3PLs are thinking about visibility as something that needs to be pulled together using data from multiple sources.
27 Dec 2019
Spot container freight pricing between Asia and Europe are on the rise thanks to aggressive capacity management by carriers, but analysts say continued lackluster demand will make rate growth more difficult to sustain.
26 Dec 2019
Shippers and non-vessel-operating carriers are now seeing electronic quotes on par with those offered through long-term contracts, a clear signal that certain container lines see instant quoting as a key part of their future strategies.
26 Dec 2019
The International Maritime Organization (IMO) has concluded that the most effective way to reduce greenhouse gas emissions from ships is a mandatory goal-based approach that provides the incentive needed to drive innovation.
26 Dec 2019
The trans-Atlantic has been the most stable of the major east-west container shipping trades since 2016, with strong growth achieved in both headhaul and backhaul volume, but a recent escalation of trade tensions is clouding the 2020 outlook.
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Commentary
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