US imports from Europe have been rising steadily since August, with the trans-Atlantic so far able to shrug off the severe disruption experienced on the trades out of Asia.
Friday January 22, 2021
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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 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
22 Jan 2021
Attempts to slow travel for the two-week Lunar New Year celebration come amid new COVID-19 outbreaks in northern mainland China that triggered lockdowns in 11 regions.
21 Jan 2021
The Maersk incident comes less than two months after the ONE Apus saw more than 1,900 containers lost or damaged during a trans-Pacific voyage, and has one analyst questioning whether the industry might have a structural problem with stowage on larger ships.
21 Jan 2021
The World Bank and International Association of Ports and Harbors are urging ports and maritime ecosystems to quickly find public and private solutions to digitize operations and build data-sharing initiatives to bolster trade growth.
21 Jan 2021
While an extra-loader move is significant, it remains to be seen whether that would be enough to balance out the needs of Indian exporters when cargo rolling has become a critical issue on high-demand routes.
20 Jan 2021
Shippers facing a challenging ocean freight environment in 2021 are being urged to develop a plan to tackle a particularly thorny operational aspect in the industry: container allocations.
19 Jan 2021
Import volumes have remained strong into the new year and may be accelerating, with some saying January’s imports will be even higher than December’s.
19 Jan 2021
Rhein left a powerful legacy in shaping the careers of generations of executives, and instilling a commitment to quality, value, and innovation that is reflected today in ocean carriers’ pursuit of value creation.
19 Jan 2021
The never ending peak season demand on major trades out of Asia has placed unseasonal demands on carriers and container terminals in the region, with increasing numbers of containers being rolled at the regional hubs.
15 Jan 2021
A fourth quarter operational update from OOCL gives the first glimpse of what to expect from carriers as they head for a highly profitable year.
14 Jan 2021
A partnership between widely used rate management software provider Portrix and container line digital quoting platform BlueX Trade is yet another sign of the need for forwarders to get direct access to digital quotes offered by carriers.
13 Jan 2021
In the current heated environment in container shipping, one should be careful not to confuse the operational problem with the contractual problem.
13 Jan 2021
With most feeder services in the Pearl River Delta currently suspended, the movement of containers to and from Hong Kong and Shenzhen is being severely disrupted.
11 Jan 2021
While signing so-called early-bird contracts is not a new phenomenon in the eastbound trans-Pacific, this year is different because the early signings are more frequent and driven more by space guarantees than freight rate considerations.
08 Jan 2021
With importers of lower-value cargo in the EU unwilling to pay record rates, some factories in China will close early and delay the shipping until after the holidays.
08 Jan 2021
Some shipping executives believe that with trans-Pac eastbound space sold out through Chinese New Year, the ongoing impact of the pandemic on buying patterns favoring household goods versus travel and leisure will extend the import surge well into 2021.
06 Jan 2021
Carriers in the eastbound trans-Pacific are charging all-inclusive rates of more than $6,000 per FEU to the West Coast and $8,000 per FEU to the East Coast in today’s extremely tight market, forwarders say.
05 Jan 2021
The international shipping sector can expect incremental progress on decarbonization to continue next year, but without widespread clarity on a way to reach long-term goals, 2021 may end up looking a lot like 2020.
05 Jan 2021
Shippers say that if carriers press for higher contract rates, they will demand service enhancements, which means less cargo rolling, improved container availability at Asian load ports, and much better schedule reliability.
04 Jan 2021
CMA CGM will launch a Yantian-to-Oakland premium service, which will be the only first-call inbound service from Asia to date for the Northern California port.
04 Jan 2021
This would be the fourth attempt at an IPO from Zim since 2008, but the carrier will go to the market this time riding a wave of record profits for the company.
04 Jan 2021
Shippers on Asia-Europe ocean trades can expect elevated rate levels and limited vessel space well into the first quarter as demand and restocking fills all available capacity.
04 Jan 2021
Logistics managers that saw their organization's supply chains disrupted and transportation budgets blown out of the water in 2020 will be at the epicenter of make-or-break decisions in the coming year.
31 Dec 2020
The alliance was born from discussions within the Korea Shipping Partnership, a coalition of 14 domestic carriers created in April 2017 following pressure from the South Korean government for carriers to improve their performance.
31 Dec 2020
With the massive surge in US imports from Asia in the second half of 2020 projected to continue well into 2021, year-over-year growth is likely to accelerate thanks to comparisons with a weaker first half of 2020.
31 Dec 2020
Vessel space in Asia is so tight that US importers are booking shipments three and four weeks out in order to get their containers on board.
31 Dec 2020
The containership orderbook remains very low by historical standards – presently at around 8 percent of the total fleet to be delivered over the next couple of years.
28 Dec 2020
Carriers say they are addressing supply chain problems over which they have control in order to relieve congestion at major load center ports.
28 Dec 2020
“K” Line said favorable market conditions in the liner shipping business operated by Ocean Network Express has significantly exceeded assumptions made in its previous forecast in November
28 Dec 2020
Although the COVID-19 pandemic completely upended prior expectations for 2020, it also accelerated existing trends that every shipper, carrier, and third-party logistics provider should be watching in 2021.
24 Dec 2020
A surprisingly strong rebound in the US economy through November bodes well for the headhaul trade between Europe and North America in 2021.
24 Dec 2020
Carriers and forwarders have little visibility beyond February, but they believe the strong demand will continue in the Asia–Europe trade at least up until Chinese New Year.
23 Dec 2020
Unprecedented trans-Pacific volumes and steadily growing exports of petrochemicals, agricultural products, and resins have prompted members of THE Alliance to launch a new direct service between Asia and the US Gulf.
23 Dec 2020
Because asset owners can’t economically invest in excess capacity for volumes that may never materialize, the risk of supply chain disruption caused by external shocks, especially surprise surges in demand, likely will never go away.
23 Dec 2020
Hapag-Lloyd’s order for LNG-powered vessels comes as carriers and shippers are placing greater emphasis on decarbonization measures.
22 Dec 2020
In addition to higher contract rates, container lines can expect increased regulatory scrutiny in 2021, especially if the trajectory of carrier profitability and services widens further.
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Commentary
Crystal ball a bit hazy for container carriers
Navigating 2019 ocean contracting
Could the latest US port congestion have been avoided?
Container challenges of 2019 to echo years past
Three issues certain to impact 2019 trade