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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As war rages, multimodal demand surges on Asia-Europe landbridge
Truck-air solutions are also taking off with rising interest from shippers as the Middle East war removes the popular sea-air services via Jebel Ali in the UAE as a viable option.
FMC says ‘closely monitoring’ carrier rate moves tied to Middle East war
The agency in charge of enforcing US shipping law reminded the market that any change in ocean tariffs must come with a 30-day notice period prior to implementation so it can be reviewed.
Muted short-term impact on MPVs from Iran conflict, but longer-term risks rising
Nineteen MPVs are stuck in the Arabian Gulf, while bunker costs have increased by $3 to $7 per ton of cargo as a result of the Middle East war, according to one vessel operator.
Maersk forced to ship fuel from US, Europe as Asia bunkers start to run dry
With the flow of waterborne oil suspended in the Strait of Hormuz, reports out of China say suppliers are rationing fuel in anticipation of growing shortages, while bunkering centers such as Salalah in Oman are no longer able to fulfil orders.
ONE boosts ownership stake in Seaspan parent Poseidon
CEO Jeremy Nixon said the investment, which could be valued at close to $1 billion, is part of ONE’s plan to reach 3 million TEUs in capacity by 2030.
Waves of diverted containers swamping Middle East ports
Ports closest to the Persian Gulf are under mounting pressure with a second round of containers inbound as carriers start to offload cargo that was already on the water last week when Middle East bookings were canceled.
China, India warn carriers on higher pricing tied to Middle East conflict
Carriers have defended rate increases for shipments out of Asia and elsewhere, citing the higher cost of operating when tonnage and equipment is tied up in the Middle East due to the war.
LA terminals to extend gates to mitigate disruption during bridge closure
Port stakeholders in Los Angeles acknowledge that redecking the Vincent Thomas Bridge will impact traffic over the next two years, but they say longer truck gates and a real-time communication system will minimize disruptions.
Reform HMT rather than taxing shipping more: analyst
A proposed universal tax on foreign-built ships would strain trade relations, raise the cost of doing business and stoke inflation, writes Reason Foundation policy analyst Jay Derr.
Montreal terminal operator signs deal with striking office workers
The port’s Cast and Racine terminals remained open to vessels during the five-month strike by clerical staff, which began last September.
CBP lays out initial tariff refund plan that requires ‘minimal’ work from importers
Under the US Customs and Border Protection’s proposal, shippers will not have to sue the administration for refunds of the IEEPA tariffs and will receive the monies owed as a single payment.
Zim’s fourth-quarter earnings beat estimates despite drop in rates, volume
The Israel-based carrier said the volume declines were led by its cross-Suez and trans-Atlantic services, which dropped 13% and 10%, respectively, from 2024.
Hutchison seeks $2 billion in damages from Panama after terminal deal canceled
Hutchison-owned Panama Ports Company had its 28-year concession to manage and operate the Balboa and Cristóbal terminals nullified by Panama’s Supreme Court on Jan 29.
CMA CGM sets Chinese volume record with Shanghai biomethanol bunkering
The newly delivered 13,000-TEU CMA CGM Osmium was refueled with 3,643 tons of biomethanol over the weekend as part of an alternative fuel partnership with the world’s largest container port.
CMA CGM expects moderate growth after 2025 revenue, profit decline
The carrier said it would rely on the diversification of its activities, network flexibility and financial strength to weather the uncertain outlook this year.
CMA CGM preps for challenging year after 2025 revenue, profit decline
The carrier said it would rely on the diversification of its activities, network flexibility and financial strength to weather the uncertain outlook this year.
Gemini suspends, revamps Middle East services amid growing conflict
The service disruptions come as freight tracking platform Vizion said Friday there has been an 81% drop in daily bookings placed by shippers looking to import goods into key Persian Gulf ports.
CMA CGM adds direct India-USWC string as part of Asia network overhaul
The new express service comes amid expectations of a rebound in capacity demand with the easing of tariffs between the two countries and ongoing trade negotiations.
Intercontinental Exchange to launch container freight futures in April
The push to launch futures contracts for container shipping has gained momentum in recent years given the seemingly never-ending volatility and disruption in the market.
TPM26: War a problem for container shipping, but not ‘pandemic-scale’: analyst
While of concern to shippers and ocean carriers, the global impact of the war in the Middle East on container flows will be less severe than COVID-19 disruptions and Red Sea diversions, Lars Jensen told TPM26.