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News and analysis of ocean containerized cargo movement, logistics, supply chains, technology, and end-to-end connectivity

The latest Maritime News & Analysis

CMA CGM, Hapag-Lloyd join MSC in hiking India-US rates

Bency Mathew, Special Correspondent | Mar 6, 2023, 3:13 PM EST

Later this month, CMA CGM and Hapag-Lloyd will impose general rate increases of $600 per FEU and $500 per FEU, respectively, on all shipments from India to North America, but with demand waning, those GRIs may not stick.
Container lines

ILWU Office Clerical Unit negotiations under way in LA-LB

Bill Mongelluzzo, Senior Editor | Mar 6, 2023, 12:45 PM EST

Contract negotiations between International Longshore and Warehouse Union office workers and shipping lines and terminal operators in Southern California are proceeding slowly with the June 30 deadline approaching, even as the 10-month-old ILWU dockworker negotiations drag on.
MaritimePortsLongshore laborNorth American ports

US SE ports prepping for more growth amid continued West Coast diversions

Teri Errico Griffis | Mar 6, 2023, 10:56 AM EST

Southeast ports are handling more imports from Asia than ever, but it’s unclear how much of that growth will stick once negotiations over a new West Coast longshore contract conclude.
Container shippingTrans-AtlanticPortsNorth American ports

US startup eyes street turn tech expansion throughout North America

Eric Johnson, Senior Technology Editor | Mar 6, 2023, 10:00 AM EST

Technology startup Qualle is trying to overcome drayage industry inertia around matching empty import boxes with export loads outside of ports by using early-stage funding to serve every North American port market.
Logistics technologyPortsMarine terminalsNorth American portsDrayageTrucking

CMA CGM rides strong first half to record profits in 2022

Eric Johnson, Senior Technology Editor | Mar 3, 2023, 2:29 PM EST

Even as demand headwinds buffet container lines, the CMA CGM Group posted record earnings in 2022 thanks to the lingering effects of the pandemic-fueled container market.
Container linesContainer shippingSupply Chain

US DOT opens $12.4 million in funding for maritime transportation projects

Teri Errico Griffis | Mar 3, 2023, 1:47 PM EST

The federal government says it’s looking to fund projects across the country that will help move goods, particularly in rural areas, and strengthen the country’s supply chain.
Supply ChainPorts

HMM's two largest shareholders launch $6 billion share sale

Keith Wallis, Special Correspondent | Mar 3, 2023, 10:01 AM EST

The share sale would give the new owners management control over HMM, which has led to speculation only South Korean firms would be allowed to participate.
Container linesContainer shippingTrans-PacificAsia-Europe

Nothing extreme about current unpredictability in container shipping: analyst

Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst | Mar 3, 2023, 9:19 AM EST

Demand has slumped, overcapacity is on its way, and a rate war is igniting in the trans-Pacific, but analyst Lars Jensen says those factors are perfectly normal amid the cyclical downturn under way in container shipping.
Container shippingContainer linesTrans-Pacific

TPM23: Carrier reliability, cargo flow expected to show gains in 2023

Bill Mongelluzzo, Senior Editor | Mar 2, 2023, 3:46 PM EST

Although surprised by the magnitude of the January drop in vessel on-time arrivals in the trans-Pacific, analysts expect carrier performance to improve this year.
MaritimeContainer shippingContainer linesTrans-PacificNorth American ports

Breakbulk sector ‘sitting on structural overcapacity’: Dynamar

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Mar 2, 2023, 12:02 PM EST

While market indicators such as relatively high charter rates and a strong demand outlook are promising, the Netherlands-based maritime consultancy says the stability of the breakbulk market is by no means guaranteed.
Breakbulk shippingBreakbulk carriers

TPM23: Intermodal providers banking on transloading surge

Ari Ashe, Senior Editor | Mar 2, 2023, 9:50 AM EST

Transloading is gaining popularity even as US imports have cooled in recent months, but shippers should weigh the pros and cons of transferring ocean containers into domestic boxes, TPM23 attendees were told.
Intermodal providersContainer shippingNorth-American rail

TPM23: Container shipping readies for overcapacity-driven volatility

Mark Szakonyi, Executive Editor | Mar 2, 2023, 8:00 AM EST

From China to West Coast labor talks to the possibility of a rate war, a number of major factors weighed heavily on trans-Pacific service contract discussions taking place on the sidelines of TPM23.
Container shippingContainer linesTrans-PacificMarine terminalsLongshore laborNorth American ports

TPM23: Ocean Alliance could be next domino to fall after 2M: analyst

Michael Angell, Associate Editor | Mar 1, 2023, 4:14 PM EST

Cosco Shipping’s large orderbook and decreasing market share make it more likely to go after customers of its Ocean Alliance partners, analyst Lars Jensen told TPM23.
Container shippingContainer linesTrans-PacificTrans-AtlanticAsia-Europe

TPM23: Trans-Atlantic profitability ‘unique’ given loss-making history: CTS

Greg Knowler, Senior Editor Europe | Mar 1, 2023, 3:54 PM EST

The elevated rate levels on the trans-Atlantic will continue to soften, but there will be no steep drop in prices as seen on the major trades out of Asia, TPM23 attendees were told.
MaritimeContainer shippingTrans-Atlantic

EPCs look beyond traditional oil and gas for growth opportunities

Autumn Cafiero Giusti, Special Correspondent  | Mar 1, 2023, 1:50 PM EST

EPC projects drive much of the global demand for project and breakbulk logistics services from carriers, forwarders, and other suppliers.
Breakbulk shippingProject cargoEnergy projectsHeavy-haul transport

Zim's Gold Star Line forms Vietnam shipping venture with Hai An Transport

Keith Wallis, Special Correspondent | Mar 1, 2023, 12:10 PM EST

The JV will serve Vietnam's three major ports and link with nearby provinces where direct access to international and domestic shipping services is limited.
Container shippingContainer linesInternational ports

TPM23: Shippers face tricky balancing act in trans-Pacific service contract talks

Peter Tirschwell | Mar 1, 2023, 11:09 AM EST

With memories still fresh of being shut out of capacity over the past two years and forced into a historically high spot market, shipper executives are headed into service contract talks mindful of the need to minimize costs while at the same time ensure cargo moves.
Container shippingContainer linesTrans-Pacific

TPM23: LA-LB needs more than new labor deal to bring cargo back: Seroka

Michael Angell, Associate Editor | Mar 1, 2023, 9:46 AM EST

The Port of Los Angeles’ executive director acknowledged that stalled West Coast longshore labor talks are taking a toll on the port, but says the cost of shipping through California is also a big factor.
Longshore laborContainer shippingMarine terminalsNorth American ports

TPM23: Post-COVID China sourcing shift ‘definitely on’: CMA CGM

Michael Angell, Associate Editor | Feb 28, 2023, 4:40 PM EST

While the supply chain has mostly healed from COVID-19, the pandemic revealed the risk of relying too much on China for product sourcing, CMA CGM’s new US president told TPM23.
Container linesContainer shippingTrans-PacificNorth American portsInternational ports

TPM23: Sustainability should be collective, not competitive: ONE’s Nixon

Greg Knowler, Senior Europe Editor | Feb 28, 2023, 4:05 PM EST

The container shipping industry needs to collaborate in finding alternatives to fossil fuels rather than each player following their own path, ONE CEO Jeremy Nixon told TPM23.
MaritimeContainer shippingContainer linesTransport, trade and regulation