Maritime News

Maritime News

Maritime News | Container Shipping News

Maritime news articles about every aspect of the industry, including ports, container and breakbulk lines; and ships and ship chartering. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things.

From the largest container lines such as Maersk LineMSC (Mediterranean Shipping Co.), COSCO Shipping/OOCL, CMA CGM and Ocean Network Express (ONE), to smaller carriers such as SM Line and Eimskip, JOC.com covers the entire industry with unequaled intelligence, data, insight, statistics, and analysis. JOC.com regularly updates its proprietary data about the activity of largest ports, container lines, breakbulk lines and other stakeholders in the maritime shipping sector.

News & Analysis

30 Sep 2022
Spot rates in the eastbound trans-Pacific are dropping so quickly — and by such large amounts — that industry analysts warn carriers could soon be carrying containers at a loss.
06 Jul 2022
Signs of a weakening container shipping market have yet to make their presence felt in the financial performance of OOCL, with the carrier continuing its run of stellar revenue gains through the second quarter.
05 Jul 2022
While ocean carrier reliability from Asia to the US West Coast ticked higher in May, a dip for East Coast calls showed the result of delays coming amid vessel diversions.
05 Jul 2022
Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools.
01 Jul 2022
French carrier CMA CGM has responded to a government call for price cuts to help inflation-hit consumers by announcing a 500 Euro cut in long-term rates for imports of essential household goods through French ports.
01 Jul 2022
Maersk’s decision to resign from the board of the International Chamber of Shipping is a sign of the divergence among shipowner group as pressure builds to more aggressively address climate change.
01 Jul 2022
A global shippers’ group believes US regulatory probes into container shipping practices through the pandemic will add pressure on the European Commission to formally review its carrier exemption from antitrust law.
30 Jun 2022
French carrier CMA CGM is investing in a green gas project that aims to ramp up the production of biomethane in support of shipping decarbonization efforts and to fuel the carrier’s own vessels.
29 Jun 2022
As US consumer sentiment fell to record lows in June, some retailers are sitting on higher inventory than expected heading into peak shipping season.
28 Jun 2022
Modest growth in freight volumes will continue in the second half of the year even if inflation and oil prices remain high, according to trade economists who spoke at the SMC3 conference this week.
28 Jun 2022
Jacksonville Port Authority’s chief executive sees a chance to reverse a downward trend in the port’s Asia business with the completion of dredging and marine terminal improvements that will allow post-Panamax ships to call.
28 Jun 2022
The Indian Ocean Service, a weekly connection between West India and North Europe, will operate with truncated port coverage on eight upcoming sailings between July and September.
27 Jun 2022
Rate levels on the major trade lanes out of Asia should be rising as peak season begins and key destination ports remain congested, but the spot market has continued to decline.
23 Jun 2022
Ocean carriers could find themselves under pressure from shippers to revisit long-term contracts as spot market rates tumble on the trans-Pacific and Asia-Europe trade lanes.
23 Jun 2022
While the number of containers lost at sea jumped significantly in 2020-21, it remained a mere fraction of the boxes moving around the globe annually.
22 Jun 2022
Yang Ming and HMM are the latest container lines to be brought under the microscope of US regulators thanks to a complaint from an Illinois importer alleging the carriers breached annual service contracts last year.
22 Jun 2022
The short-term cost of cutting maritime emissions in the Pacific Ocean will be relatively small compared with the market variability of rate levels, according to UNCTAD.
22 Jun 2022
With new incentives, the Port of New Orleans and Louisiana state economic officials are targeting retail distribution centers to ease export-import balance that’s cost the port service and volumes.
22 Jun 2022
An influx of equipment into the Indian market has caused rates to soften, but sources believe prices will climb again next month as the industry enters the traditional peak demand season.
21 Jun 2022
Mediterranean Shipping Co. is bringing a new Asia service to the US Gulf and East coasts and revamping two other trans-Pacific services with additional calls amid slowing, but still growing, imports from Asia.
21 Jun 2022
The market share of major carriers on the eastbound trans-Pacific fell through the first four months of the year amid the emergence of smaller players who took advantage of the import surge.
21 Jun 2022
Ocean carriers have been looking at how to provide more export capacity to US ag shippers to head off scrutiny from regulators, but OSRA will now put those efforts under a hotter spotlight.
17 Jun 2022
Global volume data shows a slowing of the container shipping market, and a new forecast does not expect any strengthening of demand this year.
15 Jun 2022
Container ship capacity has become so scarce that cargoes are spilling over not only to breakbulk and multipurpose vessels, but to the roll-on/roll-off sector as well.
14 Jun 2022
Importers in the US are finding higher volumes on the westbound trans-Atlantic are coming with soaring rate levels and record-low schedule reliability, with little relief in sight.
13 Jun 2022
HMM will provide North America shippers with a way to book spot container freight by the end of 2022, joining its peers in THE Alliance.
13 Jun 2022
South Korea’s shipowners’ association said penalties imposed by regulators would damage the country’s link to the global supply chain and lead large foreign carriers to avoid South Korean ports.
13 Jun 2022
While MSC’s move is the first known case of new general rate increases, industry sources believe other major carriers active in the India-US trade, notably Hapag-Lloyd and CMA CGM, will follow suit.
13 Jun 2022
Member states expressed concern over the equitable use of the R&D funds as well as fair and equal access to any patents and technologies that would be created.
10 Jun 2022
Shippers hoping that weaker indicators in the eastbound trans-Pacific will translate into fewer delays in the US will likely be disappointed, as many believe it will be months before a normalization of container flow within North America emerges.
09 Jun 2022
A new report is putting hard figures to the costs of high demand, port congestion, and the resulting increase in inventories.
08 Jun 2022
Container line Hapag-Lloyd has settled with the Federal Maritime Commission over improperly charging detention to a California drayage carrier in mid-2021, a bellwether case in the long-running issue of free time fee assessments.
08 Jun 2022
Three importer groups have sent a joint letter to the Biden administration calling on the White House to intervene in West Coast labor talks in order to avoid further stressing the US supply chain.
07 Jun 2022
Forwarders say they expect an earlier-than-usual peak season that will lift trans-Pacific spot rates that have been easing, but the trimming of retail orders and front-loading of cargo cloud the longer-term outlook for the health of Asian imports.
06 Jun 2022
The Global Shippers Forum is warning about a planned global carbon tax, arguing its members shouldn’t have to foot the bill particularly given record shipping costs.
06 Jun 2022
Maersk’s Performance Team subsidiary said it will open its fourth US cold-storage warehouse near the Port of New York and New Jersey as it seeks to add refrigerated cargo handling to its growing suite of integrated logistics services.