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

Decline in East Coast rates as lines prepare for canal expansion

Greg Knowler, Senior Europe Editor |
Rates on the U.S. East Coast trade are falling as carriers take positions on next year’s opening of the expanded Panama Canal, and no amount of general rate increases between now and next spring will restore prices to previous highs, according to Drewry.
Container lines

Carrier alliances limit shipper ability to spread risk, Electrolux says

Greg Knowler, Senior Europe Editor |
The large container shipping alliances are making it increasingly difficult for shippers to spread their cargo across several carriers to mitigate the risk, according to Bjorn Vang Jensen, vice president global logistics for Electrolux.
Maritime

Container ship charter gloom spreads

Michael Hollman, Special Correspondent |
Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
Forwarding

Veracruz port takes aim at US competitors with expansion

John Gallagher, Special Correspondent |
With a two-phase expansion of its container facilities, Mexico's top automotive gateway says it is taking aim at competitors in the U.S. such as the Port of Houston.
International ports

Container shipping supply/demand gap unlikely to close soon

Bruce Barnard, Special Correspondent |
Mega-vessels are still making mega-waves across the container shipping industry — from carriers, ports and terminal operators to shippers and insurers — as shipyards churn out increasing numbers of historically large vessels.
Container lines

Mombasa government seeks more fees from port users

JOC Staff |
The Mombasa County government is trying to extract more fees from users of the Port of Mombasa at two points in the supply chain, which would further drive up shipping costs in East Africa’s largest container gateway.
International portsTransport, Trade, and Regulation News

Hanjin continues divestment, sells South Korea terminal

Xiaolin Zeng, Special Correspondent |
Hanjin Shipping, South Korea’s largest container carrier, is continuing its strategy of divestment as it works to focus on the container shipping industry and improve its liquidity in a time of falling freight rates.
Container lines

Crowley seeks exemption on Seafreight service contracts

Joseph Bonney, Senior Editor |
Crowley Maritime has asked asked the U.S. Federal Maritime Commission for an exemption from having to separately amend and refile approximately 500 service contracts that the carrier will assume with its recently announced acquisition of Seafreight Line.
Container lines

Trans-Pacific rates bounce along bottom in weak peak season

Joseph Bonney, Senior Editor |
Trans-Pacific spot rates for U.S. containerized imports showed mixed signals this week amid persistent signs of a tepid peak season for pre-holiday shipments.
Container lines

Overcapacity keeps trans-Atlantic rates in doldrums

Joseph Bonney, Senior Editor |
Increased vessel capacity continues to weigh on trans-Atlantic container spot rates, which this week remained near their lowest levels of the year, according to the World Container Index posted on JOC.com’s Market Data Hub.
Container lines

Slide show: Fastest-growing global container ports

JOC Staff |
The 10 ports on the JOC's list of fastest-growing leading global container ports for 2014 each achieved year-over-year throughput growth of at least 10 percent.
International ports

Tuticorin Port sets up automated system to speed container movement

JOC Staff |
Shippers and ocean carriers using India’s Tuticorin Port, or V.O. Chidamabaranar, may see significant productivity improvements in the coming months, as logistics providers are introducing an automated system for the movement of containers to and from the harbor.
International ports

APM Terminals acquires full control of Spain’s Grup Maritim

Bruce Barnard, Special Correspondent |
APM Terminals has reached an agreement to buy the remaining 39 percent of Grup Maritm TCB, finalizing the $1 billion acquisition of the Spanish port operator and consolidating its position as the world’s second-largest container terminal operator.
Marine terminals

Asia-Med spot rates plumbing new lows

Greg Knowler, Senior Europe Editor |
Spot rates on the China-Mediterranean trade fell below $200 per 20-foot container for the first time, a level that is almost $1,000 lower than at the beginning of the year, according to the Shanghai Containerised Freight Index.
Container lines

No respite from falling volumes at Hong Kong port

Turloch Mooney, Senior Editor Global Ports |
There was no let up for Hong Kong in the month of September as container volumes fell for the 15th consecutive month.
International ports

Long-term positives of TPP deal will be felt on trans-Pacific trade

Greg Knowler, Senior Europe Editor |
The benefits of the recently agreed Trans-Pacific Partnership on Asia-U.S. trade will not be felt immediately, but the 11-nation deal will have an impact on volumes in the longer term, according to JOC senior economist Mario Moreno.
Container lines

Baltimore’s August TEU volume sets one-month record at port

Joseph Bonney, Senior Editor |
The Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August, continuing a strong run that has produced the highest three-month volume of total containers, full TEUs and full import TEUs in the port’s history.
North American ports

Los Angeles port volume slips

Bill Mongelluzzo, Senior Editor |
Total container volume at the Port of Los Angeles declined 5.8 percent in September compared to the same month last year, with imports down 9.4 percent and exports declining 17.5 percent. Although Los Angeles in recent months has been regaining some of the market share it lost to East Coast ports during the 2014-15 West Coast labor dispute, volumes are still down 2.9 percent year-to-date from last year.
North American ports

First lawsuit filed in wake of El Faro sinking

Joseph Bonney, Senior Editor |
The family of one of the 33 crew members missing from the sunken cargo ship El Faro has filed a lawsuit seeking $100 million in damages from the owners and captain of the ship, which sank off the Bahamas during Hurricane Joaquin.
Container lines

Collaboration, innovative practices needed to overcome port congestion

Turloch Mooney, Senior Editor, Global Ports |
The problem of port congestion cannot be solely attributed to mega-ships and should be addressed through better industry collaboration and fundamental change across the supply chain, according to a global consultant in the container industry.
Marine terminals

Ukraine port traffic plummets as violence persists

Eugene Gerden, Special Correspondent |
Container traffic at Ukrainian ports is steadily declining, reversing a previous trend of 11 to 13 percent annual growth.
International ports

LA reviewing environmental impact of China Shipping terminal

Bill Mongelluzzo, Senior Editor |
The Port of Los Angeles has launched a supplemental environmental impact review of the China Shipping Container Line terminal to determine if some of the ambitious pollution-reduction measures in the earlier EIR should be revisited and possibly revised given the state of technology, and the already significant achievements in reducing pollution at the largest U.S. port.
North American ports

To avert strike, India OKs incentives for dockworkers

JOC Staff |
The government of India on Wednesday approved extending an earlier productivity-linked incentive scheme for port and dockworkers through the current fiscal year, which ends March 31, 2016, averting potential labor stoppages at major public ports.
International ports

Rotterdam container growth slows on China, Russia woes

Bruce Barnard, Special Correspondent |
Rotterdam’s container volume increased just 1 percent in the first nine months of the year due to lower Chinese exports, the deteriorating Russian economy and slowing growth in emerging economies such as Brazil.
International ports

China’s transport initiative could boost trade up to $2.5 trillion

Mark Szakonyi, Executive Editor |
China’s land and maritime transport initiative linking Asia with Europe and Africa, and the countries in between, promises to add up to $2.5 trillion in trade to the country over the next decade, a Kuehne + Nagle executive said Thursday.
International ports

Cosco, China Shipping keep industry guessing on merger plans

Greg Knowler, Senior Europe Editor |
China’s two largest shipping lines continue to tease the market with cryptic filings to the Shanghai and Hong Kong stock exchanges and an extension of the trading halt that has been placed on shares since August.
Container lines

Wave of container capacity predicted to drag down trans-Pacific rates

Greg Knowler, Senior Europe Editor |
Contract freight rates on the trans-Pacific trade are going down — “probably by a lot” — as huge amounts of capacity flood into the market, industry veteran Rod Widdows told delegates at JOC’s TPM Asia Conference in Shenzhen Thursday morning
Maritime

Hapag-Lloyd scales back size of planned IPO

JOC Staff |
Hapag-Lloyd is scaling back plans for its initial public offering, and now plans to seek $300 million instead of the $500 million as it had previously announced.
Container lines

Mobile plans refrigerated warehouse for containerized poultry exports

Dustin Braden, Assistant Web Editor |
The Port of Mobile, Alabama, is working to build a near-dock refrigerated warehouse for transloading poultry into containers for export.
North American ports

Resin pellets to be transloaded at South Carolina facility

JOC Staff |
Sea Pac LLC is building a 1.5 million-square-foot facility that the South Carolina Ports Authority hopes will help Charleston compete for plastic resin exports, a market that Houston now dominates.
North American ports

Moody’s, S&P reaffirm South Carolina port bond ratings

JOC Staff |
Two financial ratings services have affirmed their debt ratings for the South Carolina Ports Authority, which is preparing to issue $290 million in revenue bonds for container terminal upgrades and other capital projects.
North American ports

Virginia port posts profit on higher volume

Joseph Bonney, Senior Editor |
North American ports

Antwerp container volume up despite Asia-Europe slump

Bruce Barnard, Special Correspondent |
Antwerp’s container traffic grew 8 percent in the first nine months of the year as the Belgian port boosted traffic on the troubled Asia-Europe route.
International ports

China will be global trade linchpin for forseeable future

Turloch Mooney, Senior Editor, Global Ports, |
China will remain the driving force in global container trades for years to come with scant possibility of an alternative region emerging to challenge its dominant position.
Container lines

Idle fleet growing at fastest pace since 2009

Bruce Barnard, Special Correspondent |
The fleet of idle container ships over 500 twenty-foot equivalent units grew by 107,000 twenty-foot-equivalent unitss to 780, 000 TEUs in the past two weeks and is set to increase going into the slack cargo season, Alphaliner said.
Container lines

APL adds call to New Zealand Express service

JOC Staff |
Container carrier APL announced it is upgrading its New Zealand Express, or NZE, service by adding a direct northbound call at Brisbane, Australia.
Container lines

Alliances cause members to over-order capacity, analyst says

Greg Knowler, Senior Europe Editor |
Container shipping alliances are causing more capacity to be generated than they are able to fill, Rod Riseborough, CEO of Container Trades Statistics, told delegates at JOC's TPM Asia conference in Shenzhen today.
Container lines

ZIM CEO: US East Coast port volume to gain parity with West Coast by 2020

Mark Szakonyi, Executive Editor |
U.S. East Coast ports will increase their share of containerized trade from 35 percent to roughly half by 2020, putting them on parity with the West Coast, according to Rafi Danieli, CEO and president of Zim Integrated Shipping Services.
North American ports

Savannah builds on reefer growth with first shipment of Latin America citrus imports

Reynolds Hutchins, Associate Editor |
The first cold-treated citrus imports from Latin America have arrived at the port of Savannah under a U.S. pilot program that aims to cut logistics costs for produce shippers and stands to boost Savannah’s already growing refrigerated cargo business.
North American ports

Long Beach surpasses goals, looks to advance emissions program

Bill Mongelluzzo, Senior Editor |
The Port of Long Beach has exceeded the 2014 pollution-reduction goals contained in the San Pedro Bay Ports Clean Air Action Plan, and is moving forward with a program to further reduce harmful diesel emissions.
North American ports