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

DP World's nine-month volume edges up

Bruce Barnard, Special Correspondent |
DP World’s container traffic increased 3.7 percent in the first three quarters of the year, driven by strong growth at its terminals in Europe and the United Arab Emirates.
Marine terminals

Long Beach port exec: ILWU doesn’t want labor strife repeat for 2019 contract talks

Bill Mongelluzzo, Senior Editor |
The labor strife of the past year was so devastating to West Coast ports and their customers that no one, including the dockworkers union, wants that scenario to play out again in the 2019 negotiations, Noel Hacegaba, chief commercial officer at the Port of Long Beach.
North American ports

Cambodia port authority hits the road to sell IPO to investors

Turloch Mooney, Senior Editor Global Ports |
Cambodia’s Phnomh Penh Autonomous Port (PPAP) has launched a roadshow to lure investors for its Dec. 11 stock market listing aimed at raising funds for expansion to cope with rising trade volumes.
International ports

JNPT pulls back deepening ambitions to handle larger ships

Manoj Venunath, Special Correspondent |
Jawaharlal Nehru Port Trust, India's busiest container gateway, has revised plans to dredge its access channel to a draught of up to 56 feet and will now settle for 49 feet, citing high costs and a lack of incremental benefits for the decision.
International ports

Weak volume saps Hutchison Port Holdings Trust profit

JOC Staff |
Hutchison Port Holdings Trust said its profit excluding non-recurring items rose 3 percent during the year’s first nine months, despite sluggish U.S. and European container volume that shows no sign of a quick rebound.
Marine terminals

Companies rush to prepare for full lifting of US embargo on Cuba

Alan M. Field, Special Correspondent |
The communist-ruled island-nation of Cuba is abuzz with economic activity designed to pay big dividends to investors after the U.S. trade embargo ultimately ends.
Container lines

Antwerp port joins race to set up Iran trade links

Greg Knowler, Senior Europe Editor |
A delegation from the port of Antwerp visited Iran last week on a contact-building mission with officials in the shipping and commerce sectors, the latest in a long line of port and shipping companies aiming to open trade doors to take advantage of loosening sanctions.
Maritime

Hapag-Lloyd maintains 2015 outlook after Maersk downgrade

Bruce Barnard, Special Correspondent |
Hapag-Lloyd today said its earnings outlook ahead of its initial public offering later this week remains unchanged following the Maersk Group’s profit warning.
Container lines

Carrier competition evident in falling rates, Drewry says

Greg Knowler, Senior Europe Editor |
The move towards big ships has reduced the number of vessel operators in major deep-sea trades, but the industry remains extremely competitive and that has contributed to the downward trend in freight rates, according to Drewry.
Container lines

Slowing China drags down 3Q results at Cosco port operator

Turloch Mooney, Senior Editor Global Ports |
Cosco Pacific saw revenues tumble in the third quarter of the year after slower than expected throughput growth at its terminals and what it described as “continuing weakness” in container leasing rates and resale prices hurt its top line.
Marine terminals

China’s pulp appetite gives hope to breakbulk, container carriers

Michael Hollmann, Special Correspondent |
China’s rising import demand for wood pulp to feed its paper and packaging industries is expected to create significant opportunities over the coming years both for container lines and specialized open hatch gantry crane (OHGC) vessel operators, a transport conference in Bremen, Germany, heard recently.
Container linesBreakbulk News

Brazilian government set to act on Itajai dredging crisis

Rob Ward |
Leaders of Brazil’s Port of Itajai say government officials are moving to provide emergency funds for dredging needed to clear silt that has closed the nation’s second-largest container port for nearly a week.
International ports

SeaLand’s entrance in Central America trade a balancing act

Peter T. Leach, Editor-at-Large |
Since its relaunch in 2014, SeaLand has taken over Maersk Line’s services and set up new loops to serve the Central American and Caribbean region.
Container lines

Central America carriers, terminal operators seek to cash in on Panama Canal momentum

Peter T. Leach, Editor-at-Large |
When the Panama Canal opens its new locks to larger post-Panamax ships next year, the six countries of Central America will gain better access to growing global markets for their exports of food products and fresh produce in addition to their traditional markets in the Americas.
Container lines

Mexico’s Port of Manzanillo reports no major hurricane damage

JOC Staff |
The Port of Manzanillo, Mexico’s largest, avoided major damage from Hurricane Patricia as the Category 5 storm apparently proved much less destructive than feared.
International ports

Baltic Exchange to publish Ningbo container index

JOC Staff |
The Baltic Exchange and the Chinese state-owned Ningbo Shipping Exchange have begun collaborating on a container index of rates between China and the Middle East, the Mediterranean, and Europe.
Container lines

Hurricane Patricia shuts Manzanillo, Mexico, port

JOC Staff |
As the strongest hurricane on record in the Western Hemisphere barrels toward Mexico’s Pacific coast, the country’s largest container port has suspended operations, thousands have fled the coastline and the nation is bracing for impact.
Maritime

Savannah reports volume gains for September

Joseph Bonney, Senior Editor |
The Port of Savannah posted increases of 5.6 percent in full containers, 13.4 percent in full import containers, and 7.3 percent in total 20-foot-equivalent volume during September
North American ports

OOCL reports third-quarter drop in rates, revenue

Joseph Bonney, Senior Editor |
Plunging rates and excess capacity caused Orient Overseas Container Line’s third-quarter revenue to fall 12.2 percent despite an uptick in volume.
Container lines

Tianjin pulls down throughput at top China ports

Turloch Mooney, Senior Editor, Global Ports |
Throughput at China’s top eight container ports showed a modest fall in September as the after-effects of the deadly August blasts at Tianjin port continue to weigh on the numbers.
International ports

China-US spot rates decline with little appetite for GRIs

Greg Knowler, Senior Europe Editor |
There was little to excite container shipping lines in the east-west trades in terms of spot rates this week, with the Shanghai Containerised Freight Index showing a weakening of Asia-U.S routes and flat prices on the China-Europe and Mediterranean lanes.
Container lines

Berth productivity: one way for carriers to keep cutting costs

Peter Tirschwell |
Ocean carriers, having essentially no control over pricing, are intensifying their efforts to uncover cost savings. That’s why improving productivity at the berth, which allows lines to maximize slow-steaming while remaining on schedule, is taking on a higher priority. Among the remaining opportunities is further leveraging of alliances into the inland arena.
North American portsRail News

APL drops Fujairah from India-Mideast feeder rotation

JOC Staff |
Singapore-based container carrier APL announced it is discontinuing an existing call at Fujairah, United Arab Emirates, on its Middle East Express, or SMX, service, effective this month.
Container lines

Maersk slashes 2015 profit outlook on weak container shipping market

Bruce Barnard, Special Correspondent |
The Maersk Group today slashed its 2015 profit outlook by $600 million due to a deteriorating global container shipping market.
Container lines

G6 suspends a trans-Atlantic service as spot rates fall

Reynolds Hutchins, Associate Editor |
G6 Alliance carriers have suspended a trans-Atlantic service, the latest sign liners are pulling back capacity after spot rates hit the lowest level in more than a year. The move follows the downgrading of a trans-Atlantic service by members of the 2M Alliance.
Container lines

Key Brazilian box port Itajai closed as heavy rain makes channel dangerous

Rob Ward, Special Correspondent |
Shippers are facing delays at the port of Itajai after local pilots closed the southern Brazilian container gateway because of strong currents from the River Itajai-Açu and massive silting they caused.
International ports

NY-NJ port authority signs off on GCT Bayonne ship-to-rail facility

Joseph Bonney, Senior Editor |
The Port Authority of New York and New Jersey’s board approved an agreement Thursday that will allow construction to proceed on a ship-to-rail facility adjacent to the semi-automated GCT Bayonne terminal.
North American ports

Auto parts import growth from Mexico drives steady recovery

Joseph Bonney, Senior Editor |
Cross-border shipments of auto parts from Mexico are outpacing growth in containerized imports through U.S. ports in a market roiled by West Coast port congestion and diversion to air freight during the first half of this year.
North American ports

Costamare on acquisition trail

Bruce Barnard, Special Correspondent |
Costamare, the Greek charter containership owner, said it is on the acquisition trail as it unveiled lower third-quarter income and revenue.
Container lines

Port operators lukewarm to latest Hong Kong congestion reduction effort

Turloch Mooney, Senior Editor, Global Ports |
Hong Kong government measures to enhance the use of back-up land at its Kwai Tsing terminals, which it hopes will alleviate congestion and improve cargo handling efficiency and competitiveness of Hong Kong, have drawn a lukewarm response from port operators.
International ports

Maersk inks deal to grow cargo flows in Indonesia’s remote east

Greg Knowler, Senior Europe Editor |
The Maersk Group today signed a letter of intent with the Indonesian government to improve the flow of cargo through the eastern port of Bitung and speed up maritime and economic development of the under-served region.
Container lines

Greek ports face two days of stoppages from towage union strike

Greg Knowler, Senior Europe Editor |
Two days of strike action by towage workers will bring ship movements in Greek ports to a standstill today and tomorrow (Oct. 22-23), Inchcape Shipping Services has warned.
International ports

Carriers' allowance of free time abuse contributes to port congestion

Bill Mongelluzzo, Senior Editor |
Port operations managers agree that container dwell time is a major contributor to marine terminal congestion, yet ocean carriers continue to allow some of their customers, particularly large retailers, to compound the congestion problem by exceeding cargo storage time limits.
North American ports

Rouen boosts breakbulk focus

Andrew Spurrier, Special Correspondent |
France’s River Seine port of Rouen has for a long time made a specialty of the north-south regular line trades, particularly those between northern Europe and west Africa.
MaritimeBreakbulk News

Charleston volume rises at double-digit clip

Joseph Bonney, Senior Editor |
The Port of Charleston’s September volume of full 20-foot-equivalent units rose 10.1 percent year-over-year, reflecting what South Carolina Ports Authority CEO Jim Newsome described as “broad-based strength across all market segments.”
North American ports

Global terminal operators eye three Brazilian container terminals

Rob Ward, Special Correspondent |
Global terminal operators are eying three private container facilities — even as the Brazilian government trudges through a $2.6 billion plan to sell off existing and new port concessions.
Marine terminals

India's Kattupalli Port gets Wan Hai service as it fights for volume

JOC Staff |
Kattupalli International Container Terminal’s prolonged and difficult push to woo more ship calls received some support last week when Taiwanese carrier Wan Hai Lines made its maiden call at the private, minor facility on India’s east coast.
International ports

Japan-US trade to benefit from TPP, Japan government says

Hisane Masaki |
The United States remains Japan’s biggest export market, edging out rival China, and will likely see that status receive a significant boost from a historic trans-Pacific free trade agreement.
Container lines

ILWU chassis trouble likely to be resolved in court

Bill Mongelluzzo, Senior Editor |
The contentious debate over whether West Coast employers and dockworkers have the legal authority to perform safety inspections and repairs on chassis at marine terminals will most likely be resolved by a court, and it will be up to the chassis-leasing companies to initiate the legal action, according to freight forwarders and customs brokers.
Longshore laborDrayage

West Coast ports told to use exotic methods to handle cargo surges

Bill Mongelluzzo, Senior Editor |
West Coast ports are perfectly capable of accommodating even greater cargo surges from big ships in the years ahead, but to do so they may have to turn to more exotic measures.
North American ports