Maritime News
The Journal of Commerce is the industry’s source for maritime news and analysis about ocean container shipping, logistics, supply chains, global shipping ports, shipping technology solutions and end-to-end connectivity. Coverage tracks the movement of containerized cargo — from origin to destination — handled by marine terminals in the US and abroad, depots, container ports, container lines, drayage, consignees and shippers, forwarders, non-vessel operating common carriers (NVOCCs) and off-dock warehousing providers, as well as pricing, capacity, volume and reliability on the trans-Pacific, Asia-Europe, North America-Caribbean, Central and South American and intra-Asia trades.
Updated: 2 hours 14 min ago
Cosco boosts slot space on CMA CGM's standalone India-USEC loop
CMA CGM will begin a rebranded standalone India America Express string from Aug. 15, decoupling from the consortium it had with Hapag-Lloyd.
West Coast ports say ready to handle peak season bump after front-loading surge
The gateways say they are well-positioned to take on additional diversions from the East and Gulf coasts should an ILA strike occur after the current labor deal expires at the end of September.
West Coast ports say ready to handle peak season after front-loading surge
The gateways say they are well-positioned to take on additional diversions from the East and Gulf coasts should an ILA strike occur after the current labor deal expires at the end of September.
Mixed Q2 result for CMA CGM as profits fall despite jump in volumes
The Marseilles-based ocean carrier grew its revenue in the second quarter, but much of the growth came from its recently expanded logistics division.
DB Schenker H1 earnings slip, but company extends profitable run
The operating profit earned by the Deutsche Bahn subsidiary in the first six months of the year fell slightly but was more than double what it earned in the same period in pre-pandemic 2019.
Bullish fundamentals portend solid peak season for air, ocean markets
More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.
MSC restores trans-Pacific Liberty service with new call at Philadelphia
The carrier said the move was a response to “ongoing robust demand” on the trade lane, becoming the second trans-Pacific service MSC has relaunched this year.
PIL turns to software vendor to meet 2030 eBL target
The Singapore-based ocean carrier is the fifth shipping line to use WaveBL’s electronic bill of lading product.
High ocean demand from Asia shows signs of peaking: DSV CEO
Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain.
House approves bill authorizing harbor projects in Baltimore, Oakland
The passage of the Water Resources Development Act in the House of Representatives brings Congress one step closer to authorizing major navigational projects at the two ports.
High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO
Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.
Ocean carriers face new FMC rules on dealing with US exporters
The Federal Maritime Commission has set out the guidelines ocean carriers will need to follow to avoid claims from exporters that they are not being treated fairly.
Expect rising air cargo rates through second half of year: DHL index
The second half of 2024 is not likely to bring rate relief for shippers forced into the air by geopolitical events and trade tensions between the US and China.
H1 breakbulk, ro/ro tonnage down at Rotterdam, Antwerp-Bruges
Weaker demand, congestion and supply chain disruptions held back volumes at two of Europe’s largest breakbulk ports during the first six months of the year.
Contract flexibility offers release valve for pressure of spot rate swings
Ocean carriers and cargo owners should recognize that a very large gap between contract and spot rates creates stress and that it’s pragmatic to incorporate some flexibility into the contract, writes consultant Jeremy Masters.
Q2 Asian import growth shines light on frontloading by US retailers
The threat of labor unrest and the increased transit times and costlier voyages on all-water services to the East and Gulf coasts are diverting some discretionary cargo to the West Coast.
Milan-Hong Kong route joins growing MSC Air Cargo network
The air freight division of ocean carrier MSC now has a fleet of five branded Boeing 777 freighters that the carrier has deployed across major routes.
Winners and losers emerging as market settles into long-term Red Sea crisis
The present situation provides a strong competitive advantage for Asian regional carriers who can transit both the Gulf of Aden and the southern Red Sea without being attacked, writes analyst Lars Jensen.
Houston gets USDA approval to handle cold-treated produce cargoes
The certification that Houston can handle cargoes treated for pests while in transit means more fresh produce such as grapes and berries can move quickly through the port.
CMA CGM turns to Google for AI help across its global operations
The collaboration comes barely a month after Google researchers said they could help shipping lines improve their network designs and profitability.