Maritime

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

The Latest Maritime News & Analysis

FMC order for MSC to justify congestion fee marks first under OSRA-22

Michael Angell, Associate Editor | Feb 6, 2023, 2:47 PM EST

The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper.
Transport, trade and regulationContainer shipping

Sharp increase in capacity keeps trans-Atlantic rates under pressure

Greg Knowler, Senior Editor Europe | Feb 6, 2023, 11:37 AM EST

Carriers on the trans-Atlantic find themselves in the curious position of adding capacity to the trade while at the same time having to blank sailings to maintain the supply-demand balance.
Container shippingContainer linesPortsTrans-Atlantic

MSC extends Asia-USWC string to India as primary market demand wanes

Bency Mathew, Special Correspondent | Feb 6, 2023, 10:07 AM EST

With the extended port reach into India, carriers are looking to fill leftover capacity from Southeast Asia as primary market volumes slow and US sourcing within Asia diversifies beyond China, sources say.
MaritimeContainer shippingContainer linesNorth American portsInternational portsTrans-Pacific

US retailers’ global sourcing strategy will take time to develop: analysts

Bill Mongelluzzo, Senior Editor | Feb 3, 2023, 3:32 PM EST

As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements.
Transport, trade and regulationMaritimeContainer shippingInternational portsTrans-Pacific

End of 2M Alliance will set dominoes in motion across ocean shipping: analyst

Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst | Feb 3, 2023, 9:56 AM EST

The announced dissolution of the 2M Alliance raises the question of what additional large-scale dominoes might be toppling over in the next few years in the container shipping sector, writes analyst Lars Jensen.
Transport, trade and regulationMaritimeContainer shippingContainer lines

New IMO rules force global reefer fleet to confront uncertain future

Richard Bright, JOC analyst | Feb 3, 2023, 8:00 AM EST

The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest threat in the form of new IMO environmental regulations.
MaritimeCool Cargoes

C.H. Robinson reaffirms commitment to global forwarding business

William B. Cassidy, Senior Editor | Feb 2, 2023, 3:25 PM EST

The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions.
Air CargoMaritimeTruckingSupply Chain

Rapid container rate decline complicates payment picture for shippers

Eric Johnson, Senior Technology Editor | Feb 2, 2023, 12:07 PM EST

US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats.
Container shippingLogistics technologyContainer lines

MSC opens more direct port connections for Indian exporters as volumes taper

Bency Mathew, Special Correspondent | Feb 2, 2023, 10:41 AM EST

The expansion of origin-to-destination ocean connectivity with predictable transit time improvements is a boon for Indian exporters trying to find untapped markets for their products amid slowing demand.
Container shippingContainer linesInternational ports

DSV books record result for 2022, but warns that bull run for profits is over

Greg Knowler, Senior Editor Europe | Feb 2, 2023, 9:35 AM EST

Denmark’s DSV collected record profits for 2022, but the forwarder says a return to a more “normal” market has begun.
ForwardingAsia-EuropeTrans-PacificTrans-AtlanticAir cargo forwarding

2M breakup throws carriers’ operating playbook out the window

Peter Tirschwell | Feb 2, 2023, 9:00 AM EST

The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet another round of M&A activity, writes Peter Tirschwell.
MaritimeContainer shippingContainer lines

Freightify lands funding to target digital rate management in North America

Eric Johnson, Senior Technology Editor | Feb 2, 2023, 1:00 AM EST

Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces.
ForwardingLogistics technology

Improved US cargo flow drives continued gains in trans-Pacific schedule reliability

Bill Mongelluzzo, Senior Editor | Feb 1, 2023, 3:18 PM EST

The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade.
MaritimeContainer shippingMarine terminalsContainer linesNorth American portsTrans-Pacific

Sourcing shift from China pulls US import share to more than a decade low

Mark Szakonyi, Executive Editor | Feb 1, 2023, 9:42 AM EST

Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi.
MaritimeContainer shippingContainer linesNorth American portsInternational portsTrans-Pacific

Norfolk Southern adds to Southeast intermodal capacity with new cranes

Michael Angell, Associate Editor | Jan 31, 2023, 4:02 PM EST

Norfolk Southern’s plan to bring more capacity to its international intermodal business this year has kicked off with new cranes enabling the stacking of marine containers at its Austell ramp in Georgia.
Container shippingNorth American portsNorth-American railIntermodal providers

Asia-Europe spot rates soften to pre-pandemic levels

Greg Knowler, Senior Editor Europe | Jan 31, 2023, 2:14 PM EST

Carriers have entered 2023 with too much supply and not enough demand on the Asia-Europe trade, with rates continuing their downward spiral through January.
Container shippingContainer linesAsia-Europe

Savannah aims for more cold-chain cargo with new reefer racks

Michael Angell, Associate Editor | Jan 31, 2023, 1:29 PM EST

The Port of Savannah says plans for additional reefer rack capacity will add to its market share for cold chain imports coming into the US Southeast and Gulf Coast.
Container shippingNorth American portsCool Cargoes

ONE cuts profit forecast on persistent market weakness

Greg Knowler, Senior Editor Europe | Jan 31, 2023, 11:32 AM EST

The first 2022 financial results from ocean container carriers are filtering in, revealing the impact of collapsing rates and demand on profitability levels.
Container shippingContainer linesPortsAsia-EuropeTrans-Pacific

Magaya gets cash infusion to fuel customs-led international growth

Eric Johnson, Senior Technology Editor | Jan 31, 2023, 10:25 AM EST

The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.
ForwardingLogistics technology

Spread between East, West coast ocean spot rates returns to pre-pandemic levels

Bill Mongelluzzo, Senior Editor | Jan 30, 2023, 5:11 PM EST

The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.
MaritimeContainer shippingNorth American portsTrans-Pacific