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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Industry faces trickle down pivot as largest ocean carriers continue to grow
With big carriers “ferociously” integrating, those down the pecking order like smaller liners, neutral terminal operators and leasing companies have seen their market shrink and need to review strategy as a result, writes Jeremy Masters.
MPV operators face worsening bunker fuel supply crisis as stocks tighten
Carriers are already facing tight supplies in most key bunkering hubs including the Middle East and South Africa, which has led operators to cut the speed of ships and become more flexible in sourcing fuel.
Multipurpose vessel ordering spree continues with raft of new deals
Strength in the breakbulk and project cargo markets has encouraged a round of new ship orders.
ONE adds to Asian terminal holdings with Laem Chabang deal
The ocean carrier is acquiring a 30% stake in a Hutchison-owned terminal operator that runs four terminals at the port in Thailand.
FMC rejection of carriers’ surcharge waiver shows shift in US shipping politics
Forcing liners to wait for the 30-day notice period to end before implementing war-related surcharges reflects a multi-year ascendency of shipper influence in Washington and the corresponding decline in carrier heft, writes Peter Tirschwell.
Drone strike closes key Middle East transit hub of Salalah
The Omani port operated by APM Terminals is one of the alternative container drop-off points in the region being used by ocean carriers unable to pass through the Strait of Hormuz.
Hormuz closure triggers ‘havoc’ for project logistics supply chain
Total transit collapse and escalating infrastructure threats are forcing project cargo shippers to step up their contingency planning.
FMC ‘monitoring’ recent detention of Panama-flag ships at Chinese ports
Agency Chairman Laura DiBella said the “intensified inspections” of the vessels appear to be retaliation for Panama canceling the port concessions held at Balboa and Cristóbal by a subsidiary of Hong Kong-based Hutchison.
Intra-Asia carriers spend $1 billion on new ships amid buoyant trade, rate growth
The deals come as regional rate indices are trending at multi-month highs for key markets including Southeast Asia, South Korea, Japan, and China.
Nuclear projects advance in US, but need to overcome ‘market paralysis’
Suppliers and manufacturers are unwilling to make long-lead investments in next-gen nuclear projects without credible signals that the demand for them exists, according to a new report.
Opportunistic regional lines rush to Middle East corridor amid mainliner pause
Several regional carriers, typically second- and third-rung players in the industry, have opened new dedicated shuttle services connecting Nhava Sheva and Mundra in India to the Middle East/Persian Gulf corridor.
Port of Savannah’s container stevedore picks new president
Gateway Terminals named Bryan Blalock as its next president after Georgia Ports hired the stevedore’s current leader to be its next CEO.
War adding $40-$50 million per week to Hapag-Lloyd's costs: CEO
Rolf Habben Jansen told reporters that most of the new costs were coming from rising bunker fuel prices, with other areas such as insurance, container storage and inland transportation adding millions of dollars to weekly expenses.
War adding $40-$50 million each week to Hapag-Lloyd's costs: CEO
Rolf Habben Jansen told reporters that most of the new costs were coming from rising bunker fuel prices, with other areas like insurance, container storage and inland transportation adding millions of dollars to weekly expenses.
CMA CGM reorganizes India-Europe/Med network amid Middle East port woes
The French liner is implementing changes to its Epic and Medex services due to operational complications caused by the war in the Persian Gulf.
Demand for direct Asia-Europe air cargo fills rerouted Middle East flights
An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.
Bunker fuel shortages in Asia at tipping point as war disruption continues
Stocks that were already in the fuel supply chain and en route to refueling hubs when the Middle East conflict started have now been delivered, and those ports are running down their inventories.
Offshore wind cancellations set up energy project pivot in the US
TotalEnergies accepted a $1 billion payment from the Trump administration to walk away from two offshore wind projects and instead reinvest the funds in fossil fuel projects along the Gulf Coast.
Container shipping faces ‘shallow’ downcycle amid strong carrier finances
Ocean carriers have a stronger financial backstop than past downcycles after having retired significant debt and increased their profitability in the last five years post-pandemic, writes Executive Editor Mark Szakonyi.
US Gulf breakbulk ports lean into project boom
Houston and New Orleans are coming off a year of growth for project cargo volumes, albeit with a drop in steel imports, and both ports anticipate a continuation of those trends.