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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.

Subsections

The latest Maritime News & Analysis

USDA invests $200 million to boost agricultural sector’s export efforts

Teri Errico Griffis, Associate Editor |
The fresh funding is part of recent federal efforts to increase economic opportunities for farmers and lower food costs for US residents.
Transport, Trade, and Regulation NewsContainer Shipping News

UP boosts intermodal service with new Houston connections, Phoenix ramp

Michael Angell, Associate Editor and Ari Ashe, Senior Editor |
The Class I railroad sees an opportunity to tap growth at the Gulf Coast’s busiest port with new intermodal lanes, while expanding its inland reach from Los Angeles and Long Beach.
North-American railNorth American portsIntermodal providers

Oversupplied Asia-Europe ocean trade readies for two December rate hikes

Greg Knowler, Senior Editor Europe |
The westbound trades out of Asia are heading into tender season with carriers attempting to lift rate levels before locking in long-term contracts being eroded by surplus capacity.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

New CMA CGM service adds to intra-Asia capacity boost for Indian shippers

Bency Mathew, Special Correspondent |
The move complements a flurry of Asia-India service additions by niche regional carriers and newer feeder operators in recent months.
Container Shipping NewsContainer linesInternational ports

FMC judge rules in favor of HMM in rolled cargo complaint

Teri Errico Griffis, Associate Editor |
Despite initially failing to meet capacity commitments, the carrier extended the contract for three months at the original rate, saving the shipper $180,000.
Transport, Trade, and Regulation NewsContainer lines

End of EU block exemption a ‘missed opportunity’ for regulators: ITF’s Merk

Greg Knowler, Senior Editor Europe |
European regulators have never had enough information to effectively monitor the container shipping industry since the consortia block exemption rule was introduced in 2009, according to Olaf Merk.
MaritimeContainer Shipping NewsContainer linesTransport, Trade, and Regulation News

Busy intra-Asia market bucks trend in driving container demand growth: analyst

Lars Jensen, CEO & Partner, Vespucci Maritime, and Journal of Commerce analyst |
The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen.
Container Shipping NewsContainer linesInternational ports

India-US contract rates hit fresh lows despite lower capacity from sailing cuts

Bency Mathew, Special Correspondent |
Given the persistent downward pressure on demand, it remains to be seen if India-US carriers will be able to push through a new round of modest rate hikes planned for December.
Container Shipping NewsContainer linesNorth American portsInternational ports

ONE readies India-US East Coast service as part of 2024 network rollout

Michael Angell, Associate Editor |
The carrier is looking to expand beyond its two current services jointly offered with other liners with a standalone service meant to take advantage of the growing shift in sourcing from India.
Container linesContainer Shipping NewsNorth American ports

Ashcroft Terminal to expand railcar storage to alleviate Vancouver congestion

Teri Errico Griffis, Associate Editor |
The project, in coordination with the Vancouver Fraser Port Authority, is due to be completed in late 2024 and will help move cargo faster through Western Canada.
North-American railTrans-PacificNorth American portsPort infrastructure

Virginia’s resins export market gets boost with new $60 million investment

Michael Angell, Associate Editor |
The Norfolk expansion plans from resin logistics specialist Katoen Natie come as more plastics production is going onstream in the Northeast US.
North American portsContainer Shipping News

Sharp rise in Asia-Europe Q3 volumes discounted by last year’s import slump

Greg Knowler, Senior Editor Europe |
On its own, the growth in container volumes on Asia to Europe trade lanes in the third quarter was impressive, but it compares with the steep slowdown in imports last year by overstocked retailers.
MaritimeContainer Shipping NewsContainer linesAsia-Europe

Soft US import volumes crimping container availability for agricultural exports

Bill Mongelluzzo, Senior Editor |
With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.
MaritimeContainer linesNorth American portsNorth-American rail

Maersk inks new methanol sourcing deal with Chinese supplier

Greg Knowler, Senior Editor Europe |
The carrier’s largest alternative fuel deal to date will be enough to drive half the methanol-powered ships on its orderbook.
MaritimeContainer Shipping NewsContainer lines

Carriers weigh options as Panama Canal restrictions become a fact of life

Mark Szakonyi, Executive Editor |
The soonest the Panama Canal Authority says it could see significant relief is 2028, raising the possibility of persistent drought restrictions and reduced container capacity and transits until then, writes Journal of Commerce Executive Editor Mark Szakonyi.
Container linesMaritimeContainer Shipping NewsTrans-Pacific

UN climate conference comes amid shipping’s choppy path to decarbonization

Peter Tirschwell |
Despite some pockets of progress, exactly how container shipping achieves decarbonization will likely remain an unanswered question until new zero-emission fuel standards are adopted, writes Peter Tirschwell.
Container Shipping NewsContainer linesTransport, Trade, and Regulation News

New logistics center under construction to tap into Port of Savannah’s growth

Teri Errico Griffis, Associate Editor |
The four-phase, seven-building project with CSX rail connections will support the growing needs of importers and exporters using the port.
Industrial Real Estate NewsNorth American portsNorth-American rail

 Congress steps into debate over jurisdiction of rail fees for ocean containers

Michael Angell, Associate Editor |
Draft legislation would also seek to codify that rail demurrage fees be billed to the ocean carrier, which would then pass along the charge to the responsible shipper or BCO. .
Transport, Trade, and Regulation NewsContainer Shipping NewsContainer linesIntermodal providersNorth-American rail

UK watchdog calls for end to ocean carrier antitrust immunity

Greg Knowler, Senior Editor Europe |
Just a month after the European Commission announced that the block exemption regulation for carriers would not be renewed next April, the UK competition authority has also called for it to lapse upon expiry.
MaritimeContainer Shipping NewsContainer linesTransport, Trade, and Regulation News

CMA CGM commits €100 million to new Paris-based AI research lab

Eric Johnson, Senior Technology Editor |
CMA CGM is moving beyond funding and supporting startups with a hefty investment into a non-profit lab designed to improve data models that feed into artificial intelligence products.
Container linesContainer Shipping NewsLogistics Technology News

November rate plunge negates carrier pricing activity on India-Europe trade

Bency Mathew, Special Correspondent |
Still, the latest Indian trade data presents some hopeful signs for supply chain stakeholders, as the country's merchandise exports grew 6.3% by value year over year in October, the fastest rate of expansion in a year.
Container Shipping NewsContainer linesInternational ports

No easy fix on horizon for Panama Canal woes as shipping sector scrambles

Keith Wallis, Special Correspondent |
Carriers, shippers and logistics executives may have to get accustomed to drought-related restrictions along the critically important waterway, with costly water-saving infrastructure improvements years away.
Container Shipping NewsContainer linesTrans-Pacific

MPV indices from Toepfer, Drewry continue down different paths

Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
While long-term optimism supports the MPV market, industry analysts see short-term divergence in time charter rate averages.
Breakbulk NewsBreakbulk carriersEnergy projects

US imports from Asia hit 2023 high in October despite muted peak season

Bill Mongelluzzo, Senior Editor |
While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the eastbound trans-Pacific.
MaritimeContainer Shipping NewsTrans-PacificNorth American ports

Cosco, Varamar expand MPV reach with strategic partnership

Keith Wallis, Special Correspondent |
The aim of the venture is to broaden the scope of the companies’ current operations, both geographically and in vessel size.
Breakbulk NewsBreakbulk carriers

Grim 2024 outlook drives Zim to take huge Q3 impairment loss

Greg Knowler, Senior Editor Europe |
The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early.
MaritimeContainer Shipping NewsContainer lines

House bill seeks to ensure funding for CBP capital costs linked to port inspections

Teri Errico Griffis, Associate Editor |
The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.
Transport, Trade, and Regulation NewsNorth American ports

Hamburg port volume turns positive in Q3 amid boost in Asia business

Greg Knowler, Senior Editor Europe |
There was significant improvement in Hamburg’s operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.
Port NewsInternational ports

Shippers remain slow to embrace more expensive green shipping services

Greg Knowler, Senior Editor Europe |
Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium — and costly — green products remains a hard sell in a market where rate levels are at record lows.
MaritimeContainer Shipping NewsContainer linesTrans-AtlanticAsia-Europe

Rate spread between US East-West coasts erodes amid shifts in volume, sourcing

Michael Angell, Associate Editor |
The long-standing spread, typically about $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing.
Container Shipping NewsContainer linesNorth American ports

GPA invests $262 million to upgrade Brunswick’s ro/ro facilities

Teri Errico Griffis, Associate Editor |
GPA's ability to handle growing volumes has attracted the likes of Rivian and Hyundai, both planting roots in Georgia to export vehicles from new facilities through Brunswick.
Ro/ro cargoHeavy-haul transportNorth American portsPort infrastructure

Panama Canal woes present nightmare for Latin American perishables trade: analyst

Richard Bright, Journal of Commerce analyst |
The phased reduction in the number of transits coincides with peak banana exports from Ecuador and the start of the deciduous fruit season in the southern hemisphere.
Cool Cargo NewsBreakbulk NewsBreakbulk carriers

Deadline looming for IMO’s ‘single window’ data-sharing platform

Peter Shaw-Smith, Middle East contributor |
The International Maritime Organization voted in May 2022 to implement the so-called Maritime Single Window from the start of 2024 in a bid to accelerate digitalization in shipping.
Container Shipping NewsContainer linesInternational portsTransport, Trade, and Regulation News

Forward Air formally moves to terminate Omni Logistics merger

William B. Cassidy, Senior Editor |
The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.
SurfaceForwardingTrucking NewsLTL

Taiwan's major container lines see nine-month profits plunge amid market downturn

Keith Wallis, Special Correspondent |
Yang Ming said the imbalance between vessel supply and cargo demand, high inflation and geopolitical risks will be among the factors pressuring the ocean market into 2024.
Container Shipping NewsContainer linesTrans-PacificAsia-Europe

Seaboard Marine includes Wilmington in new Central America service

Teri Errico Griffis, Associate Editor |
The direct service that kicks off at the end of the month will add further options to transport apparel, textiles, poultry, pork and agricultural products between Central America and the US East Coast.
North American portsContainer Shipping NewsCool Cargo News

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