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

Cargo operations partially resume after cyberattack hits DP World Australia

Keith Wallis, Special Correspondent |
The incident comes as dockworkers announced a further series of strikes this week at DP World's four Australian terminals in an ongoing row over new rostering arrangements.
Container Shipping NewsContainer linesMarine terminalsLongshore laborInternational ports

India's Adani secures big US investment for Colombo container terminal project

Bency Mathew, Special Correspondent |
The move holds considerable significance as it comes amid accelerated efforts by India and the US to boost bilateral ties at multiple levels.
Container Shipping NewsInternational ports

Deteriorating ocean market hits CMA CGM’s third-quarter earnings

Greg Knowler, Senior Editor Europe |
The carrier remains profitable, but rate levels maintained their downward trend as the global economic slowdown continued to weigh on the container shipping industry.
MaritimeContainer Shipping NewsContainer lines

Carbon tax needed to spur real action on maritime emissions

Peter Tirschwell |
Despite public commitments by some 4,000 companies globally to reduce Scope 3 emissions, ocean shippers have thus far been unwilling to pay higher-than-market freight rates to achieve those goals.
Container Shipping NewsContainer linesTransport, Trade, and Regulation News

Container market shows ‘no encouraging signs’ of recovery: HMM

Greg Knowler, Senior Editor Europe |
The South Korean carrier ‘s financial results followed the industry’s downward trend and although HMM remains profitable, it is not far above the loss-making line.
MaritimeContainer Shipping NewsContainer lines

Rising marine terminal charges stir ire of Australian shipper groups

Keith Wallis, Special Correspondent |
DP World Australia plans to hike terminal access charges by up to 50% at its four terminals in the country from Jan. 1.
Container Shipping NewsMarine terminalsInternational ports

ILA looking for local ports to bring in more union foremen

Michael Angell, Associate Editor |
Alongside broader talks on wages for its members, the International Longshoremen’s Association said individual ports need to use more union supervisors and foremen, particularly throughout the South.
Longshore laborContainer Shipping NewsNorth American portsTransport, Trade, and Regulation News

Crashing trans-Atlantic spot rates delay long-term contract signing

Greg Knowler, Senior Europe Editor |
Carriers and shippers, however, believe there is little room left to fall for spot rates that are already below pre-pandemic levels.
Container Shipping NewsContainer linesTrans-Atlantic

Hapag-Lloyd prioritizes costs as rates, earnings plummet

Greg Knowler, Senior Europe Editor |
The carrier has followed its peers with a sharp decline in earnings, and although still highly profitable, its CEO warned that rates on the east-west trade lanes are at unsustainable levels.
Container Shipping NewsContainer linesTrans-PacificAsia-Europe

Weak US imports via Western Canada reveal BC port challenge

Mark Szakonyi, Executive Editor |
The cracks in the gateway’s attractiveness to importers and exporters out of the US Midwest were showing before this July’s work stoppage and the decline in import demand across North America.
North American portsContainer Shipping NewsContainer linesNorth-American rail

ILA, USMX remain at odds over dockworker wage increases: Daggett

Michael Angell, Associate Editor |
The ILA president says further progress on a new master contract, as well as port-specific local deals, can’t happen until the two sides agree on coastwide pay hikes.
Longshore laborContainer Shipping NewsContainer linesMarine terminals

Zim reinstates China-US fast ship service to target e-commerce demand

Greg Knowler, Senior Editor Europe |
US e-commerce imports are filling much of the available air cargo capacity out of China, spurring the ocean carrier to bring back an expedited service it was forced to mothball eight months ago.
MaritimeContainer Shipping NewsContainer linesTrans-Pacific

Breakbulk sector poised for boost amid rising commodity prices

Susan Oatway, Research Analyst for Breakbulk and Project Cargo |
Commodity prices continue to rise, leading to further investments in mining, agriculture and oil and gas projects, all of which is good news for breakbulk and project shippers and their service providers.
Breakbulk NewsBreakbulk carriersProject cargoRo/ro cargo

Mobile looks to boost container terminal capacity to handle intermodal demand

Michael Angell, Associate Editor |
Once fully complete by 2025, the current expansion project would allow the port to handle 1.1 million TEUs annually, up from 650,000 TEUs.
North American portsIntermodal providersNorth-American rail

India-US cargo flow buffeted by blank sailings, sliding schedule reliability

Bency Mathew, Special Correspondent |
On top of the sailing cuts, some recent vessel arrivals at India have been behind schedule by up to a week, resulting in cargo rollovers, according to forwarder sources.
Container Shipping NewsContainer linesInternational ports

Carrier consolidation, NVO competition weigh on shipper association growth

Eric Johnson, Senior Technology Editor |
Shipper associations that struggled to grow during the COVID-19 pandemic because there was no extra capacity to sell are now trying to convince shippers of the benefits of rate stability.
Container Shipping NewsContainer linesForwarding

Global ro/ro carriers take steps to boost fire safety

Keith Wallis, Special Correspondent |
Although there is little evidence that EVs are a greater fire hazard aboard ro/ro ships than traditional internal combustion vehicles, carriers are ramping up their safety measures.
Breakbulk NewsBreakbulk carriersRo/ro cargo

Hamburg terminal operator HHLA accepts MSC’s offer for ownership stake

Greg Knowler, Senior Editor Europe |
While the carrier will not hold the controlling share, expanding its presence in Hamburg will cement MSC’s terminal operating position in Europe’s third-largest container shipping port.
MaritimeContainer Shipping NewsContainer linesPort NewsMarine terminalsInternational ports

ONE finalizes terminal deals in Los Angeles, Oakland, Rotterdam

Greg Knowler, Senior Editor Europe |
The Singapore-based carrier has now expanded its access to capacity in the strategic locations of the US West Coast, North Europe and Southeast Asia.
Port NewsContainer Shipping NewsContainer linesNorth American portsInternational ports

ILA's Daggett raises possibility of 2024 strike at US East, Gulf coast ports

Peter Tirschwell |
Ahead of an International Longshoremen’s Association conference, president Harold Daggett has warned union rank-and-file to be prepared for the “possibility of a coast-wide strike.”
Longshore laborContainer Shipping NewsContainer linesNorth American ports

Delaware’s planned Edgemoor terminal gets grant from US port funding program

Michael Angell, Associate Editor |
Along with the grant for the Port of Wilmington’s proposed container terminal, Tacoma and Long Beach received grants for improving truck and rail access, respectively.
North American portsContainer Shipping NewsTransport, Trade, and Regulation News

Falling backhaul Europe-Asia rates ‘subsidizing’ eastbound freight moves

Greg Knowler, Senior Editor Europe |
With weak demand for European imports in Asia and ample vessel capacity, spot rate levels on the backhaul trade are in freefall.
MaritimeContainer Shipping NewsContainer linesForwardingAsia-Europe

Convoy acquisition meant to serve import customer truckload demand: Flexport CEO

Eric Johnson, Senior Technology Editor |
Ryan Petersen tells the Journal of Commerce that the first order of business after this week’s acquisition of Convoy’s tech stack is getting the Convoy app running again and reaching out to the shuttered company’s customers.
Logistics Technology NewsForwarding

Maersk cuts more jobs, warns of ‘dire situation’ for container market

Greg Knowler, Senior Editor Europe |
The carrier expects no short-term improvement in the container shipping market as large numbers of new vessels are delivered and capacity management measures appear unable to stem falling rate levels.
MaritimeContainer Shipping NewsContainer lines

Volume growth underscores need for expansion at Port Tanger Med

Peter Shaw-Smith, Middle East Contributor |
Given the current growth rate, Morrocco’s Tanger Med could reach its nominal annual container capacity of 9 million TEUs as early as next year.
International portsContainer Shipping NewsPort infrastructure

ONE expands Indian network amid signs of export trade recovery

Bency Mathew, Special Correspondent |
A raft of recent service additions and enhancements has cemented the carrier’s intra-Asia reach for Indian customers.
MaritimeContainer Shipping NewsContainer lines

Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst

Lars Jensen, CEO & Partner, Vespucci Maritime, and Journal of Commerce analyst |
Forecasts are important for the container shipping industry, but it comes down to identifying and categorizing risk and then using that approach to develop a robust plan in the face of “known uncertainties,” writes analyst Lars Jensen.
MaritimeContainer lines

Southeast governors say ILA could ‘weaponize’ Leatherman court decision

Teri Errico Griffis, Associate Editor |
Six amicus briefs have been filed to the US Supreme Court supporting the South Carolina Ports Authority’s position that the ILA is illegally forcing carriers to boycott Charleston’s Hugh Leatherman Terminal as a means to acquire jobs that belong to state employees.
North American portsContainer Shipping NewsContainer linesLongshore laborTransport, Trade, and Regulation News

USWC-bound ships boost reliability in September amid cargo push

Michael Angell, Associate Editor |
On-time performance to the West Coast improved during the busiest month of 2023 for Asian imports to date, but East Coast reliability took a dip.
Trans-PacificContainer Shipping NewsContainer linesNorth American ports

Omni Logistics sues Forward Air to enforce completion of merger deal

William B. Cassidy, Senior Editor |
Freight forwarder Omni isn’t giving up on a merger with Forward and is moving to force completion of the deal despite Forward’s cold feet. 
SurfaceForwardingTrucking NewsLTL

Shipping emissions data-sharing initiative launched by DNV, GSBN

Greg Knowler, Senior Editor Europe |
The two partners will collaborate on pilot projects aimed at accurately measuring and tracking emissions reduction data across the supply chain.
MaritimeContainer Shipping NewsContainer linesLogistics Technology News

Forwarders warn of rising transshipment, cargo delays after ETS rollout

Greg Knowler, Senior Editor Europe |
Carriers are already beginning to adjust schedules ahead of Europe’s new shipping carbon tax, something forwarders say could reduce direct port connections and boost transshipment activity.
MaritimeContainer Shipping NewsTrans-AtlanticAsia-EuropeTransport, Trade, and Regulation News

Offshore services companies expect boost from increased energy spending

Autumn Cafiero Giusti, Special Correspondent |
Fresh investments among oilfield services giants should bolster the offshore services market, with supply chain spending expected to grow 16% in 2023 and 2024.
Energy projectsProject cargoHeavy-haul transport

ILA contract expiration, Panama Canal limits favor West Coast ports: Matson

Mark Szakonyi, Executive Editor |
Pacific-focused Matson has already enjoyed the return of some cargoes that had been diverted to the East and Gulf coasts but are now returning to the West Coast after the ILWU ratified its contract in September.
Trans-PacificContainer Shipping NewsNorth American ports

Overcapacity, weak demand prove huge drag on ONE’s earnings

Greg Knowler, Senior Editor Europe |
The wide imbalance between vessel supply and demand is doing carriers no favors as earnings continue to tumble massively off the record highs of last year.
MaritimeContainer Shipping NewsContainer lines

New MSC-backed Baltimore container terminal on track for 2028 debut

Michael Angell, Associate Editor |
Developers of the Sparrows Point Container Terminal are starting the permitting process with the US Army Corps of Engineers that will allow construction to begin in 2025.
North American portsContainer Shipping News

Carriers, shippers face Australia cargo delays from DP World stevedore strikes

Keith Wallis, Special Correspondent |
DP World said it is currently experiencing a seven- to eight-day turnaround in vessels being worked at four major ports in the country, a significant delay compared with the usual two-day turnaround.
MaritimeContainer Shipping NewsContainer linesInternational ports

Asia-Europe ocean shippers go to tender in a freight buyers' market

Greg Knowler, Senior Editor Europe |
Still, sharply rising vessel operating costs could limit any exploitation of the supply-demand imbalance with carriers unwilling to accept loss-making contracts.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Lack of investment constraining US breakbulk port capacity

Keith Wallis, Special Correspondent |
The funding shortage for breakbulk port facilities will create severe constraints on both cargo owners and vessel operators as offshore wind construction accelerates and new types of energy projects are developed.
Breakbulk NewsBreakbulk carriersProject cargoRo/ro cargoEnergy projectsHeavy-haul transportPort News

Georgia tells Supreme Court ILA ruling could jeopardize plans for third ocean terminal

Teri Errico Griffis, Associate Editor |
The Georgia Ports Authority plans to open a third ocean terminal in Savannah in 2030 and says updating its current hybrid labor model to an all-union workforce could cost the port $600 million in its first operating year.
North American portsLongshore laborTransport, Trade, and Regulation News