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 Sep 2022
The recently ample supply of equipment has cut the price of new 40-foot containers by about 20 percent since late last year, and the price could soften further into 2023, according to Drewry.
06 Sep 2022
There is still no silver-bullet carbon-neutral fuel solution available to the shipping industry, but the cost implications of decarbonizing the global maritime industry are becoming clearer, says DNV.
05 Sep 2022
CMA CGM is reinvesting the bulk of its earnings in acquisitions and decarbonization as the carrier’s profitability continues to grow, even as its CEO warned that the downturn in container shipping has begun.
02 Sep 2022
Just days after dockworkers at the UK’s largest container port ended a strike, laborers at the Port of Liverpool set the dates for their own walkout, the latest industrial action hitting Europe amid a deepening cost-of-living crisis.
02 Sep 2022
Technology intended to help shippers and forwarders manage arrival notice information might be the solution that federal regulators are seeking to bridge data gaps from carriers and terminals.
01 Sep 2022
This year will mark the peak of container shipping profitability, with carriers entering an unavoidable downturn in the markets, according to global bank HSBC.
01 Sep 2022
Shippers using Hazira have been hit by serious schedule reliability issues as carriers often blank calls to the port to cover delays at other ports and maintain a weekly sailing frequency.
31 Aug 2022
A huge increase in profitability by Cosco Shipping Holdings will be channeled into shareholder pockets over the next three years, the state-owned carrier has told investors.
30 Aug 2022
Post-production inventories in Europe increased at the sharpest pace in more than 25 years as weakening demand leaves firms battling to sell finished products.
30 Aug 2022
NYSHEX is expanding the reach of its mutually enforceable contract technology to ocean freight agreements outside of its platform as it widens its focus beyond the trans-Pacific trade lane.
29 Aug 2022
Maersk’s terminals business will no longer own any assets in Russia, but the deal gives it the ability to regain its ownership share in GPI in the future.
26 Aug 2022
Any changes to shipping taxation will not make a skewed competitive playing field more even — it will merely make it skewed in a different way, writes JOC analyst Lars Jensen.
25 Aug 2022
DOJ said the deal between CIMC and Maersk would have merged two of the four largest producers of reefer containers in the world, increasing the risk of collusion among remaining suppliers.
25 Aug 2022
Vessel schedule reliability in the eastbound trans-Pacific last month improved to the West Coast but deteriorated for the third consecutive month at ports along the East and Gulf coasts.
25 Aug 2022
IMO member nations must ensure the regulatory blocks are in place that will encourage the required investment to support shipping’s transition to sustainable fuel, according to the World Shipping Council.
25 Aug 2022
Even with the recent sharp decline in spot rates, they are still more than twice what they were two years ago when imports from Asia began to surge after initial COVID-19 lockdowns in the US were lifted.
25 Aug 2022
The trans-Atlantic westbound trade has bucked the falling rate trend on the major trade routes out of Asia, and carriers are shifting capacity to take advantage.
23 Aug 2022
Mediterranean Shipping Co. will delay Asia departures for a week or more in September as port congestion and vessel bunching disrupts vessel arrivals in North America.
19 Aug 2022
Wan Hai says adding port calls to the US East Coast gives the carrier and its customers more options for returning empty containers rather than just sending them to the Port of New York and New Jersey.
19 Aug 2022
Above-average volume growth has narrowed the gap between the 2M Alliance and the Ocean Alliance atop JOC.com’s rankings of the Top 40 Container Carriers by US Imports in 2022.
19 Aug 2022
OOIL’s chairman says he’s not seeing much evidence of the kind of significant seasonal uptick in demand that is often a feature of the traditional trans-Pacific peak season.
18 Aug 2022
The disruptive impact of returning empty containers to marine terminals is magnified by the fact ocean carriers lack the incentive they had last year to rapidly reposition those boxes back to Asia.
18 Aug 2022
While forwarder sources in India do not expect a rate collapse that will put shippers back in the driver’s seat anytime soon, the recent softening is a relief from the wild price hikes of the past two years.
17 Aug 2022
Eastbound trans-Pacific spot rates won’t find a floor until capacity loosens up through the unwinding of US port congestion, the CFO of carrier Zim told JOC.com.
17 Aug 2022
The value of China’s imports and exports with Southeast Asian countries rose more than 10 percent in H1 to $435 billion to make the ASEAN region China’s biggest trading partner.
16 Aug 2022
Industry analysts say they expect US imports from Asia to remain strong for the next several months as a significant amount of holiday season goods remain in transit or stuck in vessel queues outside major gateways.
16 Aug 2022
German authorities said the Rhine would remain open and barge companies would need to decide on their own whether to operate services as parts of the key waterway fall to record low levels.
16 Aug 2022
Carrier53, a joint venture of a breakbulk vessel operator and container manufacturer, said it will offer trans-Pacific sailings from China to the US West Coast with a special emphasis on domestic intermodal containers.
15 Aug 2022
Although volume growth is waning, container shipping demand for now remains strong and operational bottlenecks continue to remove capacity, slowing the industry’s eventual return to normality, according to JOC analyst Lars Jensen.
11 Aug 2022
Yang Ming also announced two-year extensions of charters for four 14,000 TEU container ships, including the YM Wish and YM World that are currently deployed on Asia–Middle East services.
11 Aug 2022
While spot rates are easing in some markets, Hapag-Lloyd said the second half of the year is likely to exceed previous expectations based on current performance.
10 Aug 2022
HMM said it would tackle the coming market uncertainty by focusing on long-term shipper contracts and increasing the volume of reefer and special cargoes.
09 Aug 2022
The Asia–Europe trade could face “significant overcapacity” when port congestion and related bottlenecks are resolved due to the slump in demand growth that has been ongoing for more than a year, according to analyst Sea-Intelligence.
08 Aug 2022
US retailers note that two wild cards that could affect supply chain fluidity in the second half of the year remain — the outcome of West Coast longshore contract talks and the status of freight railroad negotiations.
08 Aug 2022
Two of Taiwan’s largest carriers have joined Maersk, ONE, and Cosco in posting highly profitable financial results for the first half of 2022 amid a still-elevated rate environment compared to the year-ago period.