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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Double-digit rate increases whip up intra-Asia trades
Strong regional cargo demand, buoyant market sentiment and higher bunker costs signal continued upward movement on intra-Asia rates, executives and analysts warn.
High-and-heavy equipment makers tap into data centers for growth
Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.
Higher trans-Atlantic ocean rates plateau as demand rally slows
Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer.
Choked container yards strain terminal operations at Sri Lanka's Colombo Port
Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.
Non-US offshore wind revival drives vessel ordering splurge
Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.
FMC collects civil penalty from Maersk on detention bills
The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees.
Early-stage tech fund targets maritime industry with $200 million
TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding and related infrastructure.
China widens regulatory crackdown on filing of ocean transport rate data
The move is likely to raise costs for forwarders and carriers as they devote more resources to ensure compliance with rate filing procedures, and it could hasten a wider shakeup in China’s logistics sector.
Samsung levels D&D complaint against Wan Hai with FMC
The South Korean electronics conglomerate said it should not be held liable for more than $1 million in charges resulting from container delays that Wan Hai-contracted truckers experienced between 2020 and 2022.
Middle East war adds $5.5 billion to ocean carriers' bunker costs: Sea-Intelligence
Costs rose sharply following the start of the war, and although emergency fuel surcharges were quickly levied on spot shipments, cargo under contract was locked into quarterly BAFs.
US ag shippers navigate creaky supply chain not built for modern disruption
Ag exporters have always faced logistical challenges because their crops are grown in the interior US and shipped through ports located hundreds of miles away; those challenges seem to be growing, the AgTC conference heard this week.
CMA CGM posts Q1 earnings decline amid volatile ocean trade
The carrier’s first-quarter financials, which included a sharp drop in net profit, were generated in a market roiled by ongoing tensions in the Middle East, rising oil prices and increasing operating costs.
Demand rising on Asia-Europe ocean trade as July bunker hike looms
Volumes under contract when the Middle East war began were locked into quarterly bunker fuel adjustments, and those costs are set to be passed on to shippers at the start of the third quarter.
Heavy-lift trade group lobbies USTR for relief from crane, trailer tariffs
A lead time of five to seven years to build up domestic crane manufacturing capacity could cripple the US heavy-lift industry if tariffs on imported products are not reduced, industry stakeholders say.
Peter Tirschwell leaves enduring legacy on Journal of Commerce
Tirschwell, who most recently served as vice president of the Journal of Commerce, announced his plans to leave the business and continue work as an independent shipping journalist.
NY-NJ maritime industry honors ILA’s McNamara
James McNamara who joined the union as it faced tumult from containerization persisted at his job over four decades to help shape the modern International Longshoremen’s Association.
ILWU chief slams ‘foreign shipping companies’ ahead of contract expiration
The speech by Bobby Olvera sends a warning shot to employers and cargo owners ahead of the expiration of its longshore contract in 2028.
Evolution of ocean capacity linked to varied dynamics of trade needs
The alignment between demand and the supply of capacity has individual dynamics across each trade lane and different consequences for the newbuild, second-hand and charter markets, writes Jeremy Masters.
‘Dummy permits’ could overcome last-mile snafus for project cargoes
Project shippers in the US are being encouraged to test the robustness of bridge strength and state permitting feasibility up to a year in advance of major cargo moves.
CU Lines’ network expansion gives fresh capacity influx into Middle East trades
The Shanghai-based carrier has launched two new services connecting Asia to the Middle East as the Persian Gulf trade corridor presents strong green shoots of capacity demand amid ongoing mainline service disruptions.