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: 33 min 27 sec ago
Taiwan’s Big 3 carriers see Q2 revenue recovery on higher rates, volumes
The rebound offset a sluggish first quarter for Evergreen Marine, Yang Ming and Wan Hai, with a Yang Ming executive saying he expects the buoyant rate outlook to continue into the third quarter.
Port of LA incentives aim to accelerate EV drayage adoption
Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.
Hapag-Lloyd hikes full-year profit guidance on robust demand
The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia–Europe trades fills ships and drives up rates.
Trump backs off plan to charge ‘security fee’ for Hormuz transits
The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.
Volume surge boosts OOCL revenue in second quarter
The strong Q2 performance is a clear indication of the financial rewards carriers are reaping from frontloading on the two main trades out of Asia.
Booking restrictions for India exports tighten amid rush
Ocean carriers are increasing penalties for cancelling orders and not delivering containers for services connecting India to Europe and North America.
Port of Houston’s plan for third container terminal put on fast track
While the port says the new terminal will not be needed for a decade, work needs to start now to be ready for future volume growth.
Oversupplied ocean carriers steaming toward excess capacity after 2026
Despite the current absorption effects of geopolitics and network disruption, the volume of tonnage coming online over the next two years is likely to overwhelm the market, a Journal of Commerce webinar was told.
Oversupplied ocean carriers steaming towards excess capacity after 2026
Despite the current absorption effects of geopolitics and network disruption, the volume of tonnage coming online over the next two years is likely to overwhelm the market, a Journal of Commerce webinar was told.
Ship operators push ahead with slew of new MPV, car carrier orders
Breakbulk carriers are investing in tonnage to help address an aging fleet profile, though the ordering is being done with “discipline” to maintain a balanced fleet.
ILWU clerical unit organizes SSA workers in Utah office
After representing clerical workers in Southern California for decades, the ILWU Office Clerical Unit has successfully organized the terminal operator’s clerical workers in Utah as it launches a move to inland locations.
Second Maersk service to transit Red Sea as Middle East war resumes
But as the US-Iran ceasefire collapses, ocean carriers are on alert for any hostile response from the Tehran-backed Houthi militants in Yemen.
Project cargo sector battles delays, tight capacity, talent shortages
A roundtable discussion of industry experts hosted by the Journal of Commerce saw agreement that demand fundamentals remain strong, but beneath the positive outlook lies growing concerns.
ONE ends India-USEC ‘WIN’ service, forms slot deal with Hapag-Lloyd
Sources in India told the Journal of Commerce ONE has agreed to charter about 500 TEUs of slot space per week on Hapag-operated ships working the trade lane.
Forwarding AI vendor lands funding to automate shipment coordination
The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in the coming years.
US imports to hit record high in July amid pre-tariff push: retailers
But this month will be the end of an early peak season that began in May and increased in intensity, according to the Global Port Tracker, with imports for August through November expected to be lower year over year.
Gulftainer unveils plan for Middle East ‘integrated logistics ecosystem’
The Sharjah-based company is the third port operator in the UAE to embark on an end-to-end logistics journey, following its larger Dubai-based neighbor DP World and Abu Dhabi-based AD Ports.
Singapore’s PSA signs deal to develop $945 million four-berth Haiphong terminal
The agreement follows a series of concessions between carrier-controlled terminal operators and Vietnamese companies in the last few years to develop port facilities at Lach Huyen.
MSC in talks to buy into Sri Lanka’s Hambantota amid port deal spree: sources
With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.
Zim launches new Asia-South America loop on buoyant rates
Ocean carriers are reinjecting significant new tonnage between Asia and the East Coast of South America after pulling ships away to serve an early Asia–Europe peak season.