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

Zim launches its own Asia-Western Canada express service

Michael Angell, Associate Editor |
The carrier is boosting its trans-Pacific portfolio with an additional express service to Vancouver that is separate from its slot-sharing arrangement with MSC.
Container linesContainer Shipping NewsNorth American ports

2M adjusts Asia-US East Coast ship schedules to account for Cape reroutings

Michael Angell, Associate Editor |
Maersk said four US East Coast services jointly operated with MSC will continue to forgo Suez Canal transits as the security risk in the Red Sea “remains at a significant level.”
Container linesContainer Shipping NewsNorth American ports

THE Alliance says it’s business as usual in 2024 despite pending loss of Hapag-Lloyd

Greg Knowler, Senior Editor Europe |
The four ocean carriers in the vessel-sharing agreement have pledged to continue their “robust cooperation” until Hapag-Lloyd's departure in February 2025.
MaritimeContainer Shipping NewsContainer lines

Ocean carriers slash port calls as Red Sea disruptions grow

Greg Knowler, Senior Editor Europe |
The Mediterranean and Middle East are the two regions most affected by the need for carriers to divert around southern Africa to avoid militant attacks in and around the Red Sea.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Week-long German rail strike to spill across Northern Europe

Greg Knowler, Senior Editor Europe |
An ongoing pay dispute between a German rail workers’ union will see train drivers, signalers and dispatchers embarking on a strike that will have regional ramifications.
SurfaceContainer linesInternational portsInternational rail

Nippon Express takes minority stake in India-based digital forwarder

Eric Johnson, Senior Technology Editor |
The digital forwarding model saw a stress test in 2023 amid faltering freight volumes and rates, but investments in early 2024 might signify staying power for the concept.
ForwardingSupply chainLogistics Technology News

Port NOLA receives more federal funds for proposed container terminal

Michael Angell, Associate Editor |
The port, mostly limited to handling Panamax-size ships due to air draft restrictions, is looking to join its Gulf Coast peers in handling post-Panamax ships as early as 2025.
North American portsContainer Shipping NewsContainer lines

Asia shippers get government help to offset Red Sea disruptions, soaring costs 

Keith Wallis, Special Correspondent |
The South Korean government is guaranteeing a certain amount of vessel capacity for small and medium shippers on services to Europe and the Mediterranean, while Vietnam is also taking steps to mitigate the impact of the Suez diversions.
MaritimeContainer Shipping NewsContainer linesAsia-EuropeInternational ports

Logistics company to expand footprint at Jaxport’s Talleyrand terminal

Teri Errico Griffis, Associate Editor |
Under a $136 million multi-year lease with Jaxport, Enstructure will also develop 200,000 square feet of on-terminal warehousing that’s expected to increase the port’s non-containerized cargo by 20%.
North American portsPort infrastructure

Hapag-Lloyd takes over UK-based trucking company in multimodal expansion

Greg Knowler, Senior Europe Editor |
The carrier is growing its multimodal footprint in the UK market to support its global maritime transport network.
Container linesTrucking News

Red Sea crisis sends ocean rates exploding for India-Europe loads

Bency Mathew, Special Correspondent |
There are also some signs of the inventory cycle starting to get problematic for Indian shippers because of extended equipment turnarounds given the new routings.
MaritimeContainer Shipping NewsContainer lines

New shipper signs up to Maersk’s green service as Red Sea emissions mount

Greg Knowler, Senior Editor Europe |
Shipper demand for more environmentally friendly ocean transport is building slowly, but longer voyages around Africa stand to add significantly more CO2 emissions per TEU to Asia-Europe cargo.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

US imports from Asia fell near pre-COVID levels in 2023, but uncertain ‘24 awaits

Bill Mongelluzzo, Senior Editor |
While US ports should be able to handle the expected modest growth in Asian imports this year, those expectations could get tossed aside if existing issues involving the Panama and Suez canals force retailers to shift a sizeable portion of discretionary cargo to West Coast gateways.
MaritimeContainer Shipping NewsContainer linesTrans-PacificNorth American ports

Dole expands Central America services at Delaware’s Port of Wilmington

Michael Angell, Associate Editor |
A second service from Dole will deploy two 1,200-FEU container vessels that will call in Colombia, Honduras and Guatemala.
North American portsContainer Shipping NewsContainer lines

Wilmington to add on-site transload facility in bid to pull new business

Teri Errico Griffis, Associate Editor, and Ari Ashe, Senior Editor |
The 25,000-square-foot facility, to be developed by East Coast drayage and logistics provider PortCity, is due to open at the North Carolina port by the end of March.
Trucking NewsNorth American portsDrayage

Red Sea diversions could last for ‘months’ until attack risk ends: Drewry

Greg Knowler, Senior Editor Europe |
But the analyst noted the expected effect on equipment shortages, port congestion and ship schedules will be far less than that experienced during the pandemic as the supply chain reorganizes itself around the longer transit times.
MaritimeContainer Shipping NewsContainer linesForwardingAsia-Europe

Red Sea disruption drives Asia-Europe shippers to air, rail alternatives

Greg Knowler, Senior Editor Europe |
While the available capacity offered by air and rail is nowhere near that of ocean, the modes give cargo owners an alternative transport option for their more urgent shipments.
Rail NewsForwardingAsia-EuropeInternational railAir Cargo

UK-based Wincanton accepts $718 million takeover offer from CEVA Logistics

Greg Knowler, Senior Editor Europe |
Adding the UK and Ireland-focused supply chain specialist will expand the CMA CGM subsidiary’s footprint in the region and add almost $1.9 billion in revenue to its balance sheet.
ForwardingSupply chain

MPV indices in holding pattern as longer-term vessel fixtures slow

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
The MPV spot market is increasingly busy even as high interest rates and supply chain bottlenecks hold back capitol project execution, analysts and industry executives say.
Breakbulk NewsBreakbulk carriersProject cargoEnergy projects

Louis Dreyfus inks deal for three ro/ro newbuilds to be deployed on Airbus charter

Keith Wallis, Special Correspondent |
The new ships, scheduled for delivery in 2026, form a fleet renewal program to replace three existing ro/ro vessels operated by Louis Dreyfus under a long-term charter agreement with Airbus that has been in place for more than 20 years.
Breakbulk NewsRo/ro cargoBreakbulk ports

Overcapacity, weak demand force carriers to delay trans-Atlantic surcharges

Greg Knowler, Senior Europe Editor |
Rates on the westbound trade lane were at loss-making levels last year and have only deteriorated further, giving carriers no leverage to lift prices.
MaritimeContainer Shipping NewsContainer linesTrans-AtlanticNorth American portsInternational ports

Southeast US ports expanding to handle ultra-large container vessels

Teri Errico Griffis, Associate Editor and Ari Ashe, Senior Editor |
Southeast ports are gearing up to handle more freight as supply chains move further away from China.
North American portsMaritimeContainer Shipping NewsMarine terminals

Red Sea crisis hitting high-growth trade route for USEC: Virginia Ports CEO

Teri Errico Griffis, Associate Editor |
The sharp decline in ships moving through the Suez Canal is tamping down activity on the busy route between Southeast Asia, the India subcontinent and the US East Coast.
North American portsTransport, Trade, and Regulation News

2M deploys extra ships as Africa routings expected to last ‘a few’ months

Michael Angell, Associate Editor |
Maersk and MSC are moving ships from other trade lanes to the US East Coast as they seek to avoid delays in getting empty containers back to Asia.
Container linesContainer Shipping NewsTrans-PacificNorth American ports

Trans-Pacific carriers hit customers with higher rates, flurry of surcharges

Bill Mongelluzzo, Senior Editor |
The new rate increases could be stickier than they would have normally been due to the knock-on effects of carrier disruptions linked to the militant attacks on shipping in the Red Sea, forcing carriers into longer routings around southern Africa.
MaritimeContainer Shipping NewsContainer linesForwardingTrans-Pacific

Maersk, Hapag-Lloyd launch new ‘Gemini Cooperation’ partnership

Greg Knowler, Senior Editor Europe |
Hapag-Lloyd will exit THE Alliance in early 2025 to join Maersk in a “hub-and-spoke" approach aimed at providing what the new partners say is vastly improved reliability and network coverage.
MaritimeContainer Shipping NewsContainer lines

ONE jumps on methanol fuel trend with order for 12 new vessels

Greg Knowler, Senior Editor Europe |
The new vessels will be added to a soaring methanol orderbook that last year overtook liquefied natural gas as the alternative fuel of choice to power ship engines.
MaritimeContainer Shipping NewsContainer lines

Red Sea attacks reset gameplan for container shipping in 2024

Peter Tirschwell |
How the security situation plays out is somewhat beside the point because the disruption it has already set in motion, which instantly recalculates the prior supply-demand balance, will take months to unwind, writes Peter Tirschwell.
MaritimeContainer Shipping NewsContainer lines

Harren Group expanding project-capable fleet despite mixed market outlook

Keith Wallis, Special Correspondent |
Heavy-lift and semi-submersible owner/operator Harren Group is expanding its fleet with a mix of long-term charters and up to six newbuildings.
Breakbulk NewsBreakbulk carriersProject cargoEnergy projects

US Commerce Department rejects Pitts appeal in marine chassis case

Ari Ashe, Senior Editor |
The decision involving China-related tariffs is major blow to Pitts Enterprises and could force its Dorsey Intermodal chassis subsidiary out of business.
North American portsDrayage

Emboldened Houthis could force ongoing Red Sea ship diversions: analysts

Mark Szakonyi, Executive Editor |
Air strikes against Houthi rebel operations are unlikely to deter the Iran-backed militant group from future attacks in the Red Sea, geopolitical analysts warn, suggesting container lines will be routing cargo around southern Africa for the foreseeable future.
MaritimeContainer Shipping NewsContainer lines

India-US ocean rates seen inching to COVID peaks on Red Sea woes

Bency Mathew, Special Correspondent |
Forwarders are voicing concerns that carrier rate quotes are now mostly valid only for a week compared with the normal 30-day validity extended to regular booking customers.
MaritimeContainer Shipping NewsContainer linesNorth American portsInternational ports

Ocean overcapacity shows its worth in managing Red Sea disruptions: analyst

Lars Jensen, CEO & Partner, Vespucci Maritime, and Journal of Commerce analyst |
The Red Sea crisis has allowed ocean carriers to find a use, at least temporarily, for the overcapacity that was supposed to cause them problems, writes analyst Lars Jensen.
MaritimeContainer lines

Intra-Asia shippers face capacity crunch, equipment shortages as rates surge

Keith Wallis, Special Correspondent |
The impact will be especially felt on key services such as China-Vietnam and China-Thailand where deep-sea services are accounting for an increasing share of the intra-Asia volumes on those trade lanes.
MaritimeContainer Shipping NewsContainer linesInternational ports

FMC to hold February hearing on carriers’ Red Sea-linked surcharges

Teri Errico Griffis, Associate Editor |
Some shippers, such as the Agriculture Transportation Coalition, have pushed the FMC to force carriers to offer more transparency into the economics behind the recent surcharges.
Transport, Trade, and Regulation NewsContainer Shipping NewsContainer linesNorth American ports

APM inks deal to build Louisiana box terminal to rival MSC project

Michael Angell, Associate Editor |
The Maersk subsidiary takes another step toward building a container terminal that would enable ships to avoid air draft limits at the Port of New Orleans, which is backing a competing MSC terminal project.
North American portsContainer Shipping NewsContainer lines

Ocean carriers suspend Asia-Europe contract offers until Red Sea ‘settles’

Greg Knowler, Senior Editor Europe |
With no certainty on how long the Red Sea disruptions will last, carriers say they are unable to consider all the factors required to set and negotiate long-term rate levels.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Forwarders warn of Asia-Europe air rate surge amid Red Sea crisis

Greg Knowler, Senior Editor Europe |
Extended transit times, growing equipment shortages and port congestion are forcing European and Asian cargo owners to explore alternatives to ocean transport.
Asia-EuropeAir CargoAir Cargo Forwarder News

SC Ports requests study to deepen channel leading to North Charleston Terminal

Teri Errico Griffis, Associate Editor |
The dredging would be part of a multifaceted project to expand the terminal’s capacity from 500,000 TEUs to 2.5 million TEUs within the next decade and allow it to handle ships of any size.
North American portsPort infrastructureTransport, Trade, and Regulation News

New Jersey warehouse demand ebbs amid consumer spending slowdown

Michael Angell, Associate Editor |
Along with vacant warehouses, tenants that want to downsize or move through subleases are also adding to supply.
North American portsContainer Shipping NewsIndustrial Real Estate News