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.
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US DOT awards $148 million in grants to lower truck pollution at ports
The federal grants lean heavily on further electrification of heavy-duty trucks, but also look to other methods for reducing emissions.
US CBP clears chassis maker CIE in case alleging tariff evasion
CIE suspended all imports of chassis and frames during a year-long investigation, but the manufacturer can resume operations now that US customs officials have found no wrongdoing.
Bad weather causing delays, congestion at major Asian load ports
One of the worst-affected facilities is the Shanghai East Container Terminal, where there are delays of up to seven days, Maersk said in an advisory this week.
Net-zero bill boosts Europe’s decarbonization efforts for shipping
The legislation adds advanced biofuels and e-fuels to a list of clean energy supported by the EU, which shipowners regard as a crucial step towards meeting the industry’s alternative fuel needs of the future.
Breakbulk24: Pressure on capacity will shrink MPV/HL fleet: carriers
Roughly one-third of the multipurpose and heavy-lift fleet is in position to be scrapped, while the industry demands larger vessels and carriers weigh which type of fuel will rule the day.
Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P
The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday.
Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May
But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter.
Opinions mixed on potential for disruption as ILA contract deadline inches closer
The risk of a strike along the East and Gulf coasts stems from the ILA believing it is entitled to a fair share of the ocean carriers’ pandemic windfall of over $400 billion, as estimated by one industry analyst.
MSC targets booming vehicle carrier market with $700 million bid for Gram
The deal was announced to coincide with the release of Gram's first-quarter results, which showed the car carrier market is continuing to boom with soaring charter rates, record vehicle exports from Asia and tight vessel capacity.
DSV expects demand growth to continue for balance of 2024
The Denmark-based forwarder believes the solid increase in volume it saw in the traditionally weak first quarter will extend through the rest of the year, with a focus on improving yields to keep its 2024 profitability target on track.
Hapag-Lloyd widens net amid total shift to electronic bills of lading
Three years after launching its electronic bill of lading product with WaveBL, the carrier is accelerating its move to eBL by striking a deal with a second vendor.
Visibility providers attack persistent gaps in intermodal rail milestones
Shippers have long struggled to get direct access to rail milestone data that matches the depth and accuracy of ocean visibility markers.
Guenther to step down as Houston port chief in August
The gateway’s long-serving chief executive will be replaced by Charlie Jenkins, who is overseeing the widening and deepening of Houston’s ship channel.
Baltimore puts blame for bridge collapse on ship’s owner, manager
The city of Baltimore wants a judge to waive a limit in liability that the container ship’s owner and operator sought after the collapse of the Francis Scott Key Bridge and subsequent closure of the port.
Expected growth in air, ocean volume 'a silver lining’: Kuehne + Nagel
Demand that began to build at the end of last year spilled into the first quarter and K+N says its forward bookings indicate the positive volume development will continue as the year progresses.
HHLA grows European network with stake in Austrian inland logistics provider
The road and rail portfolio of Roland Spedition will add 130,000 TEUs of annual volume to HHLA and connect ports in Northern Europe with the eastern Mediterranean.
Maersk boosts Europe loop appeal for Indian shippers to build market share
The carrier has revamped its ME2 string connecting West India to North Europe, offering expanded port coverage and faster transits.
Ocean carriers push Panama Canal to mitigate climate effect on water levels
While ship transits have increased in the short term, the canal needs to start long-term planning for how to address low water levels, ocean carriers say.
Rising China-ECSA trade leads carriers to revamp services amid surging rates
The burgeoning market opportunities have carrier Pacific International Lines to expand its presence in South America with the planned launch this year of eight country offices in the region.
Cautious shippers navigate post-pandemic landscape of visibility data tools
The primary dilemma for shippers is whether to source visibility data or applications from a standalone vendor or to expect it to be included in a bundle from a third-party logistics provider.