Ocean Alliance members are shifting post-Panamax ships away from the trans-Pacific and Asia–Europe trades to the trans-Atlantic amid buoyant demand and rates.
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
02 Dec 2022
An economic partnership agreement signed earlier this year between India and the United Arab Emirates is driving new trade opportunities, prompting ocean carriers to boost service between the two countries.
01 Dec 2022
Freight rates in many eastbound trans-Pacific service contracts have been renegotiated lower as carriers seek to prevent customers from bailing on them to take advantage of plunging spot rates.
01 Dec 2022
Months of negotiations by Europe Union executive bodies over how shipping will be included in the Emissions Trading System have ended in agreement, with member states to have the final say in mid-December.
30 Nov 2022
Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
29 Nov 2022
Vessel on-time performance to US ports continued to improve in October, although carriers in the eastbound trans-Pacific underperformed global schedule reliability.
29 Nov 2022
The ability of ocean carriers to manage their growing supply of excess capacity is becoming weaker by the week as supply chain bottlenecks ease and global economic headwinds strengthen.
28 Nov 2022
Central America and Caribbean trade has largely recovered from the COVID-19 pandemic thanks to healthy peak season demand, but port congestion and labor issues continue to cause intermittent delays.
28 Nov 2022
CMA CGM continued its run of extreme profitability in the third quarter, strengthening its already solid balance sheet and slashing debt levels, but it warned that economic headwinds are strengthening.
23 Nov 2022
The expanding platform provided by shippers seeking green transport has allowed Maersk to ramp up its ocean sustainability efforts, with greening landside logistics the next target.
23 Nov 2022
The resumed service at India’s VOC comes as the port has embarked on a raft of new infrastructure projects to position itself as an alternative transshipment hub to Sri Lanka’s Colombo Port.
22 Nov 2022
The highs for the container shipping industry, as measured by profits and pricing power, hit atmospheric levels, raising questions of just how steep a fall is in store.
22 Nov 2022
Europe’s executive bodies head into their final round of negotiations to set the parameters governing shipping’s inclusion in the regional Emissions Trading System with industry stakeholders watching closely.
21 Nov 2022
The fund is one of several measures taken by South Korea’s government to help the country’s shipping sector weather the downturn in container trade.
18 Nov 2022
Maersk and MSC have suspended a trans-Pacific US East Coast service as freight rates and volumes continue to slump as 2022 winds down.
18 Nov 2022
While a stabilization of rates on the trades out of India was always in the cards, the speed at which the market turned has caught carriers off guard, says the head of the country’s container shipping lobby group.
18 Nov 2022
Developing green ocean trade lanes will become increasingly complex as the number of stakeholders increases and cooperation deepens across the value chain.
17 Nov 2022
Plunging imports from Asia in October, normally one of the busiest months of the year, signals a continued “flattening” of eastbound trans-Pacific demand in the coming months, according to Ben Hackett, principal at Hackett Associates.
17 Nov 2022
New energy ratings for ships to be imposed next year are a meaningful step toward decarbonizing the maritime industry and should not be a “box-ticking exercise,” according to Maersk.
17 Nov 2022
The new Maersk service is expected to drive more cargo volumes for India's Mundra port, which has already ousted JNPT as the country's busiest container gateway.
16 Nov 2022
Despite a record nine-month result, carrier Zim has downgraded its full-year guidance amid rate declines that are rapidly deepening of late.
16 Nov 2022
A new production facility in South Dakota will supply Maersk with 100,000 tons of green methanol a year as the carrier signs yet another deal to lock in the supply of alternative fuels.
16 Nov 2022
Aggressive curtailing of capacity by container lines on the trans-Pacific has done little to prevent shippers from forecasting sizable contract rate reductions next spring.
15 Nov 2022
A US furniture importer aims to show that Hamburg Sud’s decision to drop its business following the threat of a lawsuit amounts to retaliation under OSRA-22.
14 Nov 2022
Engineered transport providers are gearing up for heavy demand as an energy buildout in both renewable and oil and gas sectors gains strength.
10 Nov 2022
Hapag-Lloyd’s CEO says the slide in ocean rates coupled with weakening demand would likely cause pop-up carriers — mainly intra-Asia lines that entered the trans-Pacific trade when rates hit historic highs — to pull out.
09 Nov 2022
The carrier said it aims to tackle the challenging outlook by securing high-yield cargo to maximize profitability and improve operational efficiency to cut costs.
08 Nov 2022
US containerized imports are expected to decline through the first quarter of 2023 at a faster clip than retailers forecasted just months ago, with consumers concerned over rising prices and interest rates.
08 Nov 2022
There appears to be little that ocean carriers can do to stem an Asia-Europe spot market in free-fall as economic conditions deteriorate and freight volumes continue to soften.
08 Nov 2022
The accelerated blankings in the eastbound trans-Pacific come after US imports in September and October “can at best be described as a complete collapse in demand growth,” according to Sea-Intelligence Maritime Analysis.
07 Nov 2022
Evergreen Marine has purchased the equity shares held by subsidiaries in its transshipment hub in Panama that serves both Asia and South America services into the US East Coast.
04 Nov 2022
The availability of green fuels in sufficient quantities and at cost-competitive price levels remains the main challenge for the decarbonization of global shipping, says Maersk.
03 Nov 2022
Matson’s CEO expects to see even more capacity reductions and schedule changes in the next two quarters to meet lower consumer demand in the expedited market, especially as air cargo and conventional ocean market rates continue to fall.
03 Nov 2022
Carriers are trying to work out the additional costs per container of complying with Europe’s ETS, but there is little clarity over how the rule will be applied with less than eight weeks to go before implementation.
02 Nov 2022
Despite a downturn in the container leasing market, IMO regulations next year could prompt carriers to employ more slow steaming, which would boost the need for additional boxes starting in mid-2023.
02 Nov 2022
Maersk reported a record Q3 result as shippers locked into long-term contracts continued to drive profitability for the carrier despite sharply declining volumes.
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Commentary
FMC wrongly gives TradeLens a pass
Time for a new chassis model in the US
Manufactured hurdles impede progress on decarbonization goal
Restarting the containerized supply chain post-pandemic
TPM20 brings liner déjà vu