Maritime News
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.
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TFI gets even bigger role in heavy-haul trucking with $1.1 billion Daseke purchase
The biggest trucking acquisition of 2023 gives Canada’s TFI an additional $1.8 billion in annual revenue and nearly 20 operating subsidiaries hauling oversized, heavy freight.
Eastbound trans-Pac schedule reliability gains in November after peak season rush
The performance gains on the world’s busiest trade lane in November came as US imports from Asia during the month plunged 12% from October, the traditional end of peak shipping season.
Hong Kong eyes status as green bunkering hub to retain, lure container volumes
The push to become a go-to stop for alternative fuels comes as Hong Kong is set to see container throughput fall to around 14 million TEUs in 2023, a 27-year low, amid waning transshipment volumes.
Naval force gives Maersk confidence to resume Suez Canal transits
Maersk decision to resume sailings through the Red Sea reveals confidence on the part of the carrier with they have been told by naval coalition forces about their capabilities and willingness to act in defense of shipping.
Maersk, CMA CGM to divert almost 200 ships away from Suez
Most of Maersk’s reroutings are on Asia-Europe services, with some 84 vessels across eight different service strings being affected.
Geopolitical conflicts could signal end to global reach of ocean carriers: analyst
With increasing instability around the world, we might be approaching the point where a carrier’s reach is no longer truly global as liners are forced to make commercial and political decisions that will shape the scope of their operations, writes analyst Lars Jensen.
Uncertainty over Inflation Reduction Act slows US onshore, offshore wind projects
Existing wind-related manufacturing capacity in the US struggles to meet the local content requirements of the measure, frustrating would-be developers and pushing away some early investors.
Breakbulk shippers prep for EU ETS implementation as new cost structure dawns
Multipurpose and heavy-lift and ro/ro carriers are weighing whether to pass on the costs of EU emissions allowances by using surcharges or all-in freight rates.
Trans-Pacific spot rates explode amid accelerating Red Sea carrier diversions
While shippers adapt to the complicated market environment in the short term, they are also casting a wary eye on annual service contract negotiations with carriers that will heat up early next year.
Port NOLA gets federal funds to launch construction of mega-terminal
The proposed 2-million-TEU container terminal would be situated downriver from New Orleans where ships won’t face the air-draft restrictions of the Crescent City Connection bridge that spans the Mississippi River.
Container lines unleash surcharges linked to Red Sea diversions as spot rates jump
The anticipated costs to shippers of the Red Sea crisis are becoming clearer, with spot rates up sharply and rate hikes and surcharges announced by ocean carriers.
California’s clean air deadlines ‘unrealistic’ without more financial resources: coalition
Freight transportation interests say the lack of technological and financial support they need to meet the state’s clean air rules is putting “aggressive” zero-emission deadlines in doubt.
New CMA CGM service is sixth to add Port Everglades call this year
The service will be heavily focused on transporting refrigerated cargo but will also allow for dry cargoes coming out of Latin America to find a new path to the US.
NY-NJ port takes next steps to study dredging amid larger ship calls
The port wants to dig to a 55-foot depth because an increasing number of vessels calling are testing the current capacity of its shipping channels.
Carriers push Indian rates higher as Suez crisis muddles US, Europe routings
After holding rates firm at end-November levels into the first week of December, major container lines have pushed short-term contract pricing substantially higher for Indian bookings in the last few days.
Red Sea crisis escalates as US, partners unveil naval task force in region
Five of the world’s top 10 ocean carriers have so far announced diversions away from the Red Sea, and their language suggests there is growing acceptance that this crisis will be open-ended.
Deutsche Bahn launches long-awaited sales process for DB Schenker unit
Those making offers – which analysts say could top $20 billion – are expected to be a list of major global forwarders including DSV, Kuehne + Nagel and DHL Global Forwarding.
Questions raised over winning bidder for controlling stake in HMM
The South Korean carrier has settled on an offer from a consortium led by poultry producer Harim Group, but there are doubts over the buyer’s ability to manage a global shipping line.
US goal of 30 GW of offshore wind energy by 2030 slipping out of reach: analysts
The US offshore wind buildout will be a boon for Jones Act vessels in the long run, but current equipment shortages, high costs and the restrictive effects of cabotage laws are hampering initial construction.
Red Sea rerouting to raise ocean rates, absorb capacity: analysts
While moves to send ships around Africa in response to the Red Sea attacks may be driven by safety concerns, the rate hikes that will accompany the emergency action will be welcomed by carriers in the loss-making trade lane.