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

Ocean Carrier Rate Revision Roundup for May 23

JOC Staff |
Several carriers have planned general rate increases in multiple trade routes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Forwarding

Congress Sends WRRDA to Obama

Joseph Bonney, Senior Editor |
The Senate’s vote for the Water Resources Reform and Development Act has sent the long-delayed port and waterway bill to President Obama for his likely signature.
Transport, Trade, and Regulation NewsNorth American ports

Six From ILA Admit ‘Christmas’ Extortion

Joseph Bonney, Senior Editor |
Six former International Longshoremen’s Association officials and members have admitted participating in a “Christmas tribute” racket in which dockworkers were pressured into making annual payments that were funneled to organized crime.
Longshore labor

‘P2’ Alliance Takes Shape

Peter T. Leach, Editor-at-Large |
In the face of looming competition from new or expanded ocean shipping alliances among the biggest carriers, smaller lines are taking steps to ensure their own long-term survival.
Container lines

ILWU Seeking Three-Year Contract

Harry G. Butler, Senior Editor, Digital |
The International Longshore and Warehouse Union is seeking a contract for just three years, according to Agriculture Transportation Coalition Executive Director Peter Friedmann, commenting today.
Longshore labor

US West Coast Labor Negotiations: Frequently Asked Questions

JOC Team |
Negotiations are underway for a new contract between the International Longshore and Warehouse Union and employers represented by the Pacific Maritime Association. This JOC resource provides answers to common questions regarding the negotiations and their potential impact.
Longshore laborForwarding

Port of Seattle to Modernize Terminal 5 for Mega-Ships

Grace M. Lavigne, Associate Web Editor |
The Port of Seattle has proposed relocating cargo activities at its second-largest terminal, the 172-acre Terminal 5, to make way for a modernization project that would make it ready for mega-ships.
North American ports

New Cranes Headed to Port of Savannah

Grace M. Lavigne, Associate Web Editor |
The Georgia Ports Authority board this week approved $86.5 million to buy four new ship-to-shore cranes and 20 new rubber-tired gantry cranes to allow the Port of Savannah’s Garden City Terminal to accommodate bigger ships and provide faster handling.
North American ports

APM Terminals Posts Bigger Profit, Market-Beating Volume Growth

Bruce Barnard, Special Correspondent |
APM Terminals boosted first quarter operating profit to $215 million from $166 million a year ago as it added new terminals to a worldwide portfolio that is increasingly focused on growth markets.
Marine terminals

Charleston CEO: Port Cooperation Ahead?

Joseph Bonney, Senior Editor |
Rising capital needs in an era of carrier alliances and huge ships may force neighboring ports to put aside their differences and cooperate, said CEO James Newsome of the South Carolina Port Authority.
North American ports

Ocean Carriers, Logistics Providers Target Electronic Billing

Peter T. Leach, Editor-at-Large |
Much of the attention paid to the container shipping industry in the last few years has focused on the relentless drive of carriers to cut costs by ordering bigger, more fuel-efficient ships.
Logistics Technology NewsForwarding

Record Scrapping Won’t Erase Oversupply on East-West Trades — Drewry

Bruce Barnard, Special Correspondent |
The dramatic surge in the number of container ships scrapped in recent months is set to continue but will have minimal impact on the oversupply of vessels in the key East-West trades, according to Drewry Maritime Intelligence.
Container lines

UK Retail Giant Scraps London Gateway Logistics Hub

Bruce Barnard, Special Correspondent |
The United Kingdom’s largest retail food and clothing chain, Marks & Spencer, yesterday said it is not proceeding with plans for a $335 million distribution hub at London Gateway, dealing a major blow to the U.K.’s newest container port.
International ports

Maersk Line More Than Doubles Profit

Bruce Barnard, Special Correspondent |
Maersk Line more than doubled its first quarter net operating profit to $454 million from $204 million a year earlier, as higher container volumes and lower unit costs offset softer freight rates.
Container lines

Port Freeport Ties Crane Investment to Rising Demand

Grace M. Lavigne, Associate Web Editor |
No one could confuse Port Freeport, Texas, with a large, mainline port with direct services by mega-ships capable of carrying 8,000 20-foot container units.
North American ports

Zim Launches New US Gulf-Brazil Service

Bruce Barnard, Special Correspondent |
Zim is launching a new U.S. Gulf-Brazil direct service in cooperation with Mediterranean Shipping Co. as part of a streamlined inter-Americas operation.
Container lines

Four-Year High in US Shipper Optimism Regarding Freight Growth

Mark Szakonyi, Executive Editor |
U.S. shippers haven’t been this optimistic about volume growth in the coming 12 months since The Hurt Locker won the Academy Award for Best Picture and an Icelandic volcano disrupted flights to and from Europe.
Transport, Trade, and Regulation NewsLTLAir CargoForwarding

Robust April Imports Point To ILWU Impact

Peter Tirschwell |
Robust April imports through several U.S. ports are at least partly related to initial effects of shippers accelerating import shipments to avoid potential disruption at West Coast ports tied to longshore labor negotiations.
Forwarding

Hapag-Lloyd Commits to IPO in 2015

Bruce Barnard, Special Correspondent |
Container lines

Hamburg Outperforms Sluggish Rivals Rotterdam, Antwerp

Bruce Barnard, Special Correspondent |
The Port of Hamburg’s container traffic grew by a market-beating 8 percent in the first quarter.
International ports

Southern Asian Hub Ports Invest in a Bigger Future

Greg Knowler, Senior Europe Editor |
Transshipment hubs in South and Southeast Asia are pouring investment into expanding facilities and adding new equipment to handle the increasing size of container vessels, the new alliance groupings and steadily improving trade.
International ports

A Shipper’s Perspective: NITL’s Carlton Opens Up About Trucking, Alliances, BCOs

William B. Cassidy, Senior Editor and Mark Szakonyi, Executive Editor |
For the first time since the 2008-09 Great Recession, shippers have a “small smile on their faces” when it comes to the economy, National Industrial Transportation League President and CEO Bruce Carlton said. Their increasing optimism in the economy, however, doesn’t quell their concerns over a myriad of other issues, from tightening capacity to infrastructure investment. Carlton recently spoke with JOC senior editors William B. Cassidy and Mark Szakonyi about the expectations NITL members have for the coming months.
Supply chainForwardingTrucking News

IMO OKs Mandatory Container Weighing

Mark Szakonyi, Executive Editor |
Seven years after overweight containers contributed to the dramatic breakup of a vessel in the English Channel, the United Nations said today it will require all containers to be weighed starting in July 2016.
Forwarding

Zim Finalizes $3 Billion Restructuring

Bruce Barnard, Special Correspondent |
Zim Integrated Shipping today announced it has finalized terms of a $3 billion financial restructuring that will enable the Israeli ocean carrier to raise funds to buy new ships and enter joint ventures and strategic partnerships with other container shipping lines.
Container lines

DHS to Congress: 100 Percent Container Scanning ‘Highly Improbable’

Mark Szakonyi, Executive Editor |
Transport, Trade, and Regulation NewsForwarding

US West Coast Ports Big Winners in WRRDA Bill

Mark Szakonyi, Executive Editor |
WASHINGTON — Soon-to-be enacted U.S. port legislation will inject a modicum of fairness into a port funding program that has split the industry since the Harbor Maintenance Tax was created in 1986. The result is a big win for West Coast ports that have seen billions in taxes collected from their imports support competitor ports.
North American ports

Water Resources Bill: What It Means for US Ports

Mark Szakonyi, Executive Editor |
WASHINGTON — It’s finally happened. Senate and House leaders have reached an agreement on long-delayed legislation that would authorize major port and inland waterway projects, speed up port deepening work and reform the Harbor Maintenance Trust Fund. In other words, Congress is addressing some of shippers and transportation provider’s major concerns, including a lack of equity for donor ports and the diversion of Harbor Maintenance Tax dollars from ports.
North American ports

Growth Accelerating at Los Angeles, Long Beach Ports

Peter Tirschwell |
The ports of Los Angeles and Long Beach, which combined handle more than 40 percent of U.S. container trade, both reported double-digit monthly container import growth in April.
North American ports

Ocean Carrier Rate Revision Roundup for May 16

JOC Staff |
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Forwarding

Wan Hai’s Focus on Asia Keeps Line Ahead of Taiwan Rivals

Greg Knowler, Senior Europe Editor |
Intra-Asia specialist Wan Hai Lines posted a modest $21.8 million profit in the first quarter as the carrier leveraged its network to remain the leading light among Taiwan’s top three shipping companies.
Container lines

Carriers Extract Savings From Bottom Line As Profitability Slumps

Greg Knowler, Senior Europe Editor |
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
Container lines

Eimskip Expects Export Growth After Swinging to Black

Mark Szakonyi, Executive Editor |
Eimskip, the Icelandic container shipping and refrigerated logistics group, doesn’t expect import volume to increase much this year, but it is planning on export traffic to expand, largely because of demand for fish shipments.
Container lines

Long Beach Recognizes Carriers for Environmental Achievement

JOC Staff |
The Port of Long Beach yesterday presented environmental achievement awards to 22 shipping lines that participated this past year in programs that reduce vessel emissions.
North American ports

Chiquita to Leave Gulfport for New Orleans

JOC Team |
Chiquita Brands International will shift its Gulfport, Mississippi, calls, and an estimated 60,000 to 78,000 20-foot-equivalent units annually, to New Orleans next year.
North American ports

Zim Teams With Hapag-Lloyd to Upgrade US-Med Services

Bruce Barnard, Special Correspondent |
Zim is teaming up with Hapag-Lloyd on the U.S.-Mediterranean route to increase port coverage and reduce transit times, in the Israeli ocean carrier’s second agreement with a member of the G6 Alliance in the past week.
Container lines

Far East-Europe Traffic Rebound Boosts HHLA

Bruce Barnard, Special Correspondent |
Resurgent cargo flows on the Far East-Europe trade boosted HHLA’s first quarter earnings, but the rise of ocean carrier alliances is among the “fundamental uncertainties” clouding the rest of the year, Hamburg’s biggest container handler cautioned.
Marine terminals

ICTSI Keeps Growing Despite Manila Congestion

Greg Knowler, Senior Europe Editor |
Heavy congestion at the Manila flagship of International Container Terminal Services, Inc. (ICTSI) had no obvious impact on its first quarter results with the Philippine-based port operator’s net income growing by 29 percent to $52.4 million.
Marine terminals

JOC Survey Suggests Widespread Diversions Due to ILWU Talks

Bill Mongelluzzo, Senior Editor |
Two-thirds of shippers who participated in a JOC survey this week plan to divert at least some cargo away from U.S. West Coast ports to avoid disruption that could emerge from contract negotiations between the International Longshore and Warehouse Union and West Coast employers.
Longshore laborForwarding

Early Progress in Efforts to End Vancouver Port Congestion

Bill Mongelluzzo, Senior Editor |
Port Metro Vancouver is capitalizing on a lull in cargo activity before the peak-shipping season begins this summer to implement key aspects of the most ambitious effort in North America to improve truck turn times.
International portsDrayage

US-Mexico Truck Pilot Just One Obstacle to NAFTA 2.0

Mark Szakonyi, Executive Editor |
WASHINGTON — A key report from the Federal Motor Carrier Safety Administration this fall will go a long way toward determining how committed politicians and business leaders are to taking the North American Free Trade Agreement to the next level.
Container linesRail NewsTrucking News