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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Demand soars for Asia-Europe sea-air option to avoid longer Africa transit
Dubai continues to be one of the more popular destinations for European importers with time-sensitive cargo, with the airport able to covert ocean freight to air cargo in 24 hours.
Ocean Alliance keeps status quo, renews partnership for another five years
The carrier grouping is untouched by the latest alliance changes roiling the container market and will assume its position as the largest global alliance early next year after 2M dissolves.
DOE billions available for green energy projects, but cargo not moving yet
Billions of dollars in federal funds are available to scale up innovative green energy projects, once would-be developers make it through the DOE’s loan qualification process.
Montreal port employers lose bid to make dock work an ‘essential service’
The “essential” designation request, which if granted would have barred workers from striking, comes as talks on a new contract have dragged on for seven months with no resolution.
Evergreen, Wai Hai join peers in reporting sharply lower 2023 financials
But both carriers have seen a rebound in revenues for the first two months of 2024 amid the higher freight rates the market saw early this year.
CMA CGM amps up retention of spot shippers with loyalty program
Small shippers that have historically been out of reach for CMA CGM are being targeted through a loyalty program connected to the carrier’s online spot booking tool.
No cost hikes in Gemini’s transshipment-based model: Habben Jansen
Hapag-Lloyd's CEO insists the total cost of the network will be lower because Gemini will be able to better utilize controlled assets and deliver more efficient cargo connections in the hub and spoke model.
Zim’s standalone position enhances partnership potential on trans-Pacific: CFO
The carrier, after steadily increasing its coverage on trade lanes between Asia and North and South America while building its fleet and volumes, aims to leverage that market strength into new slot-sharing agreements.
Asia import projections rise on surprising US economic strengthening
Brightening prospects of Asia import growth in the first half have pushed container lines to significantly increase Asia-US West Coast capacity, writes Journal of Commerce Executive Editor Mark Szakonyi.
Zim forecasts a return to profitability this year after $2.7 billion 2023 loss
The Israel-based carrier is expecting a significantly improved 2024 driven by a larger and more efficient fleet, new services and double-digit growth in volumes.
Lofty reliability goals for Gemini alliance hang on key service assumptions
The ability of Maersk and Hapag-Lloyd to achieve unprecedented levels of on-time performance rests on core assumptions, among them their control of transshipment ports, consistently high levels of productivity at those ports and a reduction in the number of origin and destination ports.
Softer export demand, steady capacity send India-Europe ocean rates sharply lower
Carrier rates for loads from West India to Europe and the Mediterranean have slid by double-digit percentages in the last week or so as trade flows settle into the new normal journey around southern Africa.