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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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.
War-driven supply squeeze could boost US resins exports in 2026
Polyethylene prices have nearly doubled since the end of February as Iran’s closure of the Strait of Hormuz has cut off the region’s petrochemical plants from the rest of the world.
STB rules for Norfolk Southern in dispute with CSX at Port of Virginia
The agency’s ruling maintains the competitive status quo in which NS is the only railroad with direct access to Norfolk International Terminals.
US household goods imports flatten as housing weakness weighs on demand
Earnings calls across home builders and home improvement and furniture retailers show an uneven market where consumers are choosing smaller maintenance and repair projects and delaying large discretionary purchases.
MSC consolidates USWC, Asian calls to boost trans-Pacific reliability
The ocean carrier said it would no longer call Oakland on one of its trans-Pacific services, with another service into the Pacific Northwest dropping a Vietnam call.
Hesitation from port authorities slows automation in Southern California
It has become difficult, if not impossible, for Los Angeles-Long Beach terminals wishing to automate to gain the necessary approvals from port commissions, despite the terminals’ right to automate being guaranteed since 2008.
Montreal Port chief Gascon exits abruptly after two-year tenure
The departure of the Montreal Port Authority CEO comes just as development work begins on a new US$1.15 billion container terminal.
Charleston looking for retailer shippers to revive port’s growth
The port’s chief executive said his agency will do more to attract large retail BCOs to reverse lost market share, while also investing in non-container projects.
FMC again rejects Maersk petition to waive notice period for emergency fuel surcharge
The unanimous decision prevents the carrier from immediately implementing the fee, which is meant to help recoup fuel costs on US trades that have been driven higher due to the war with Iran.