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.
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FMC to examine how container lines handle hazmat goods, isotopes
The agency said it will begin a non-adjudicatory probe into ocean carrier practices around shipping hazardous and radioactive goods out of the US, with a focus on packaging such shipments.
Rising costs, uneven demand crimping US clothing imports
The “K-shaped” US economy has split the outlook for apparel demand, with premium brands performing well while those targeting more cost-conscious consumers struggle.
Carriers redeploy Hormuz-stranded ships for intra-Gulf shuttle operations
CMA CGM and MSC have repurposed some of their vessels for feeder and shuttle activity while they await the opportunity for safe passage out of the war zone, sources say.
Middle East war accelerates regional cross-border cooperation
Decisions that before the conflict would have taken months are now being decided in days, speeding up road transits, freeing urgently needed capacity and easing customs procedures, industry executives told a webinar.
Bunker fuel shortages loom after US counter blocks Strait of Hormuz
Ocean carriers say there is still enough bunker fuel availability in general, but the different fuel types are unevenly distributed and affecting key refueling hubs in Asia, notably Singapore.
NWSA knocks SSA for gate closures at its Seattle terminals
The move comes amid softer volumes this year at the gateway, but NSWA’s chief operating officer says now is not the time to “pull back” on service levels.
MSC’s terminals arm extends Vietnam portfolio with new container port project
The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional ports to gain preferential berthing rights and minimize delays.
Lower freight rates hit Q1 revenues for Taiwan’s ‘Big Three’ carriers
The three liners saw their first-quarter revenues come in between 9% and 21% lower than last year amid sharply softer rates on the key Asia-US and Asia-Europe trades.
Middle East-linked market ambiguity clouds India-US service contract plans
Local BCOs are adopting a wait-and-watch strategy until there is greater clarity regarding cargo insurance costs and vessel passage through the Strait of Hormuz before committing to contract deals with carrier partners, sources say.
War-driven fuel costs add new twist to trans-Pacific service contract talks
The doubling in bunker fuel prices in some key hubs since the war in the Middle East began six weeks ago is focusing industry attention on energy costs as supply scarcity worsens.
Hapag-Zim deal could ignite another merger wave in container shipping
While the $4.2 billion transaction still requires approvals from the Israeli government, it points to an appetite for consolidation among carriers despite the lack of financial distress that accompanied earlier merger eras.
El Niño forecast suggests risk of low water levels along Panama Canal
As if the Strait of Hormuz and Red Sea haven’t caused enough concern for commercial shipping, Lars Jensen warns of the potential for weather-related disruptions once again at the canal by year-end.
OOCL posts revenue decline in muted first quarter
The start to the year was largely unaffected by the Middle East conflict, but the lagging effect of high bunker fuel prices will be felt from Q2 onwards.
Push for data center bans in US threatens project cargo surge
An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source.
Cost-hit ocean carriers roll out series of rate increases, fuel surcharges
Most of the increases represent a significant premium on current pricing levels, but it remains to be seen how sticky the aspirational rates will be with cargo markets also under pressure from high energy prices.
US imports of consumer electronics face threats to growth plans
Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.
MPV, deck carrier operators eye cargo demand surge from Iran war reconstruction
The repair and rebuilding of oil, gas and petrochemical facilities in the Middle East will provide project cargoes for the specialist fleet at least through the end of the decade, observers say.
CMA CGM taps Jaxport as newest call for Asia express service
The Jacksonville Port Authority said Wednesday the Ocean Alliance will include the port on its Chesapeake Bay Express (CBX) service rotation as of this June.
Evergreen adds to order book with deal for six 24,000-TEU vessels
The carrier said the ships, with a combined value of up to $1.8 billion, will be deployed on Asia-Europe services as part of a strategic plan to increase the size of vessels serving that trade by 2030.
Ocean carriers wait for clarity on safe Hormuz passage after US-Iran ceasefire
As part of the deal, Iran said it would allow shipping to resume through the strait with vessel passages coordinated by the Iranian military, but it has not yet issued any technical details.