Maritime News
News and analysis of ocean containerized cargo movement, logistics, supply chains, technology, and end-to-end connectivity. Maritime news and analysis of containerized ocean cargo movement, breakbulk and roll-on and roll-off shipping from origin to destination.
Updated: 1 hour 15 min ago
Container lines pull back on India-US pricing push
While vessels on the lead West India–US East Coast networks have continued to sail full, forwarders have linked the “sold-out” experience to capacity cutbacks and consequent cargo rollovers.
Excess capacity sinks planned July 1 rate increase in eastbound trans-Pacific
The fresh capacity carriers rushed into the US’ busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes.
Yang Ming hit with new FMC complaint over service contracts
The complaint from Dollar General alleges the carrier sold more of its capacity in the high-flying spot market of 2021, leaving shippers under fixed-price contracts in the lurch.
Growth in West African ports opens new transshipment options for MSC
The deployment of 24,000-TEU ships on its Africa Express service allows the carrier to better leverage billions of dollars invested in West Africa in recent years, reducing exposure to congested North European ports.
HMM, CMA CGM to expand key Mediterranean transshipment hub
The $177 million plan to enlarge Spain’s TTI Algeciras is in line with the strategy of ocean carriers to diversify revenue and exert greater control over their supply chains.
Strong China demand buoys intra-Asia rates despite capacity surge
The uptick in rates comes despite a 9% surge in deployed capacity on regional services since February, according to figures from British transport consultant MDS Transmodal.
Trans-Atlantic ocean trade readies for end to 90-day pause on US tariffs
Easing freight rates and demand suggest a “wait-and-see” approach by US importers as the July 9 end of the temporary reprieve on so-called “reciprocal” tariffs nears.
Congress seeks reauthorization of FMC through 2029
The procedural reauthorization bill would provide funding for the agency for the next three fiscal years and add more outside expertise on ports and ocean carriers.
Hede Shipping to launch third expedited service from China to Los Angeles
Although spot rates from Asia to the US are dropping due to waning demand and overcapacity, the carrier is zeroing in on the e-commerce sector with its expedited transit times and the quick delivery of containers upon discharge from vessels.
FMC probes legal standing of World Shipping Council agreement
The trade group of ocean carriers is exempt from US antitrust scrutiny under an agreement it filed with the FMC five years ago, but the agency is now questioning that arrangement.
Crowley launches first service linking Central America to US Northeast Coast
The carrier said vessels on the five-day transit to Philadelphia will carry food, apparel, industrial products and consumer goods.
Crowley launches first service linking Central America to US East Coast
The carrier said vessels on the five-day transit to Philadelphia will carry food, apparel, industrial products and consumer goods.
UWL locks in new vessel partner for trans-Pacific Vietnam service
Swire, UWL’s original partner for the express service to Seattle, will phase out its vessels during July while new partner Emirate Shipping Line rotates into the loop.
Ocean carriers face three-year decline in profitability: HSBC
Tariff uncertainty, weakening demand and an abundance of capacity are hanging over the container shipping industry, the global bank said in a report Thursday.
Mexico-US ocean market expands amid growing nearshoring interest
A new service from Green Tide Logistics will connect Veracruz to Philadelphia in five to six days via truck and multi-purpose vessels capable of handling 1,200 to 1,700 TEUs.
Maersk launches AI customs tool to tackle rising regulatory chaos
The digital solution will be available for US imports this week and is set to roll out globally in August.
Trans-Pacific sailing into slowdown; Asia-Europe outlook brightens: analysts
Peak shipping season began early on both trade lanes, but the advancing of US orders from China will hit trans-Pacific demand in the second half of the year.
FMC’s Sola to leave agency months after being elevated to chairman’s slot
In a statement posted on the FMC’s website, Sola said his last day at the agency would be June 30 and did not give a reason for his departure.
Quick-hit, tariff-driven import surge on tap for US West Coast ports
The surge, however brief, will nonetheless be a welcome boost in business for the ports after a lackluster May and early June.
Indian exporters face overweight box surcharges as carriers push scalability
CMA CGM, Maersk, MSC and Cosco are among mainliners charging add-ons on overweight containers.