Maritime

The Journal of Commerce is the industry’s source for maritime news and analysis about ocean container shipping, logistics, supply chains, global shipping ports, shipping technology solutions and end-to-end connectivity. Coverage tracks the movement of containerized cargo — from origin to destination — handled by marine terminals in the US and abroad, depots, container ports, container lines, drayage, consignees and shippers, forwarders, non-vessel operating common carriers (NVOCCs) and off-dock warehousing providers, as well as pricing, capacity, volume and reliability on the trans-Pacific, Asia-Europe, North America-Caribbean, Central and South American and intra-Asia trades.

The latest Maritime News & Analysis

US investigators confirm wreck is El Faro

JOC Staff |
Federal investigators have confirmed that the wreckage found Saturday is the TOTE Maritime cargo ship El Faro, which disappeared along with its 33-member crew during a hurricane Oct. 1.
Container lines

Little hope for Itajai dredging emergency funding

Rob Ward, Special Correspondent |
There’s little hope the port of Itajai, Brazil’s second-largest container port, will receive emergency government dredging help, despite the severe siting that closed the port for days and still causes draft restrictions for container vessels.
International ports

Carriers, shippers team up to prepare for new container weight rules

JOC Staff |
Container lines, U.S. shippers and logistics providers are coming together to figure out the best way to prepare for the July 1 start of new global regulations requiring the weighing of containers before they are allowed to be loaded onto a ship.
Transport, Trade, and Regulation NewsContainer lines

China's container port operators expected to be more profitable in 2016

Turloch Mooney, Senior Editor, Global Ports |
China’s nine major listed container terminal operators will be more profitable in 2016 with a majority booking high single or double-digit growth in net profit when compared with 2015, according to a valuation report issued by Citi Asia Pacific.
Marine terminals

Iran's container trade forecast to grow 25 percent annually

Turloch Mooney, Senior Editor, Global Ports |
Container throughput at Iran’s ports should grow by up to 25 percent annually over the next half decade as a confluence of benefits are realized from the expected relaxation of sanctions, a senior Iran-based industry researcher and commentator told JOC.com.
International ports

DP World acquires full control of Southampton container terminal

Bruce Barnard, Special Correspondent |
DP World has acquired full control of the DP World Southampton container terminal after agreeing to buy the remaining 49 percent stake held by Associated British Ports.
Marine terminals

Earnings, cargo volume growth slow at India's largest port operator

JOC Staff |
Adani Ports and Special Economic Zone increased its net income and revenue in the second fiscal quarter, but it did so at a slower rate than last year as India’s biggest non-government port operator struggled to maintain its growth momentum amid a global shipping slowdown.
Marine terminals

Teamsters see California as launchpad for drayage organizing

Bill Mongelluzzo, Senior Editor |
The Teamsters union is eying California, a state with drivers clamoring for representation and a regulatory climate sympathetic to work misclassification, as a launching pad for a national drayage organizing push.
Trucking NewsDrayage

Searchers believe they have found El Faro wreck

Joseph Bonney, Senior Editor |
U.S. Navy searchers have found the wreckage of what they believe to be the TOTE Maritime cargo ship El Faro after the vessel disappeared Oct. 1 during a hurricane with the loss of its 33-member crew.
Container lines

Seattle-Tacoma gateway development strategy unfolds

Bill Mongelluzzo, Senior Editor |
The Northwest Seaport Alliance has outlined the goals and strategies that will guide future development of the Seattle-Tacoma gateway in an era that will be dominated by big ships, mega-alliances and fierce competition among ports for a larger piece of the North American container trade.
North American ports

Can Miami be a major gateway for Asian imports heading out of Florida?

Reynolds Hutchins, Associate Editor |
In the wake of a major deepening project to accommodate post-Panamax megaships, there is intense debate over how successful the Port of Miami will be realizing its goal of becoming a competitive gateway for Asian imports destined for points beyond Florida.
North American ports

Shanghai-to-US container rates strengthen

Bill Mongelluzzo, Senior Editor |
Spot rates on the Shanghai Container Freight Index to the U.S. West and East coasts bumped up this week.
Container lines

New Baltiysk container facility aimed at speeding customs processing

Eugene Gerden, Special Correspondent |
Baltic Stevedore Co. said its new nearly two-acre container yard for empties and an inspection point will speed up customs cargo processing and improve inland distribution at the Baltiysk container cargo terminal.
International ports

ACL receives first of five innovative con-ro ships

JOC Team |
Atlantic Container Line has taken delivery of the first of five new container/roll-on, roll-off ships that are the largest of their type ever built and that will expand ACL’s unique trans-Atlantic niche.
Container lines

Rotterdam partners with Bank of China to tap 'Belt and Road' push

Bruce Barnard, Special Correspondent |
The port of Rotterdam has established a strategic partnership with the Bank of China focused mainly on Beijing’s “Belt and Road” strategy to boost trade links with Europe.
International ports

Gujarat Pipavav volume plunges despite Nhava Sheva diversion potential

JOC Staff |
APM Terminals-operated Gujarat Pipavav Port recorded a 24 percent year-over-year decline in its container volumes during the second fiscal quarter, according to a company statement filed with the Bombay Stock Exchange.
International ports

Hapag-Lloyd cuts IPO price range on ‘market volatility’

Bruce Barnard, Special Correspondent |
Hapag-Lloyd on Friday cut the price range for shares in its initial public offering, citing “ongoing market volatility.”
Container lines

Weak freight rates send NOL tumbling to deep loss

Greg Knowler, Senior Europe Editor |
NOL’s third-quarter results were awash in red ink as the Singapore-listed company reported a third-quarter net loss of $96 million, down 300 percent compared to the same period last year as rate levels tumbled on the major trades.
Container lines

Asia-Europe spot rates more than triple

Greg Knowler, Senior Europe Editor |
Spot rates on the battered Asia-North Europe trade skyrocketed 327 percent to $988 per TEU this week as some carriers appeared to recover the full Nov. 1 general rate increases for the first time since anyone can remember.
Container lines

Revenues flatten out among Japan’s ‘Big Three’ lines

Hisane Masaki |
Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.
Container lines

Despite recent loss, China Shipping to charter 11 mega-ships

Greg Knowler, Senior Europe Editor |
Hours after reporting a $160 million net loss in the first nine months of the year, China Shipping Container Lines announced that it planned to charter 11 mega ships of 21,000 TEUs.
Maritime

Oakland port: Congestion, long truck lines behind us

Bill Mongelluzzo, Senior Editor |
The Oakland Port Authority said Thursday a longshore labor shortage that generated congestion and long truck lines at marine terminals is over and operations are returning to normal.
North American ports

ILA senior leader says multiyear contract extension won’t happen this year

Peter Tirschwell |
A senior leader of the International Longshoreman’s Association expressed optimism on Wednesday over a multiyear contract extension with East and Gulf Coast employers but said it won’t happen by the end of the year.
Longshore labor

CSCL plunges to $160 million on revenue dive

Greg Knowler, Senior Europe Editor |
China Shipping Container Lines followed China Cosco into the red today with the mainland’s second largest carrier posting a $160 million loss for the first nine months as revenue took a dive.
Maritime

Mumbai Port's offshore container terminal delayed

JOC Staff |
After years of saying it was nearing completion of a new, privately-operated offshore container terminal, authorities at the Mumbai Port Trust are now looking to redesign and rebid the troubled project.
International ports

Slowing China could halt port capacity projects, Drewry says

Turloch Mooney, Senior Editor, Global Ports |
Capacity and expansion projects at global ports and terminals could be slowed by lower demand for container port services as a result of China’s slowdown and other developments in the global economy, according to Drewry Shipping Consultants.
Port News

Falling revenue drags China’s biggest carrier to $270 million loss

Greg Knowler, Senior Europe Editor |
China Cosco posted a $270 million net loss in the third quarter as revenue for the three months crashed almost 20 percent year-over-year.
Container lines

Trans-Pacific trade deal expected to save millions for US footwear importers

Bill Mongelluzzo, Senior Editor |
LONG BEACH, California — Footwear importers will save millions of dollars in annual duties if the Trans-Pacific Partnership trade agreement is implemented by the participating countries in the coming two years, the president of the Footwear Distributors and Retailers of America said Tuesday.
Container lines

NY-NJ port volume rockets 14 percent in September

JOC Staff |
A double-digit jump in loaded imports at the Port of New York-New Jersey pushed total traffic up 14.3 percent year-over-year to set a September record.
North American ports

APL to pay $9.8M to US to settle allegations of false container tracking claims

JOC Staff |
APL has agreed to pay $9.8 million to the U.S. government to resolve allegations that the carrier misrepresented its ability to track containerized military shipments from Pakistan to Afghanistan.
Container lines

Jawaharlal Nehru Port shippers gain from inter-terminal trucking

JOC Staff |
India’s biggest container handler, Jawaharlal Nehru Port Trust, said the introduction of inter-terminal truck transfer procedures aimed at easing gate congestion have produced significant productivity gains for terminals, drayage companies and the trade in general.
International ports

Hyundai and Hanjin deny report of merger

Zeng Xiaolin, Special Correspondent |
South Korea's second-biggest shipping company Hyundai Merchant Marine has refuted rumors that the government asked the carrier to merge with its bigger compatriot, Hanjin Shipping.
Container lines

LNG-powered ships predicted to be game changer

Greg Knowler, Senior Europe Editor |
Shipping lines cannot ignore the move to provide liquid natural gas as a bunker fuel that will be a game changer, according to Angus Campbell, managing director of Bernhard Schulte Shipmanagement UK.
Container lines

Profit at top container maker CIMC plunges on weak demand

Greg Knowler, Senior Europe Editor |
Net profit at China International Marine Containers fell sharply in the third quarter as the world’s largest box maker felt the effects of a weak container shipping market.
Maritime

US Navy search for El Faro yields nothing so far

Joseph Bonney, Senior Editor |
The U.S. Navy’s search for the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1 with the loss of its 33-member crew, has turned up nothing so far, the National Transportation Safety Board said.
Container lines

Teamsters ramp up drayage, warehouse worker organizing effort in LA-Long Beach

Bill Mongelluzzo, Senior Editor |
The Teamsters union Tuesday stepped up its organizing efforts in Southern California, targeting another drayage company in Los Angeles-Long Beach, and announcing a partnership with a warehouse worker advocacy organization.
North American ports

UASC names new head to North America division

JOC Staff |
United Arab Shipping Co. has appointed a container shipping industry veteran who led the commercial organization at Hapag-Lloyd America to head its North America division.
Container lines

APMT Mumbai rolling out productivity boosting initatives

JOC Staff |
APM Terminals-operated Gateway Terminals India at Jawaharlal Nehru Port Trust is aggressively working with truckers and container lines, and rolling out proactive measures aimed at setting new industry benchmarks for productivity and service levels.
International ports

ILA endorses Clinton, will host event for her in Charleston

JOC Staff |
The International Longshoremen’s Association has endorsed Hillary Clinton for president and will host the Democratic presidential frontrunner at a rally Saturday in Charleston, South Carolina.
Longshore labor

Hapag-Lloyd extends IPO offer period to Nov. 3

Bruce Barnard, Special Correspondent |
Hapag-Lloyd has extended the share offer period for its initial public offering by a week to Nov. 3.
Container lines