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.
Updated: 2 hours 45 min ago
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.
ONE takes stake in Busan’s Dongwon terminal ahead of Premier network shift
The carrier alliance will shake up its Asia-Europe network in April with Busan becoming the focus of its North Asia trade and direct calls ending to ports in Japan and Taiwan.
FMC rejects requests by carriers to waive waiting period for Middle East surcharges
The decision means CMA CGM, Hapag-Lloyd, Maersk and Zim will be forced to wait until early April before implementing surcharges designed to recoup higher operating costs associated with the war in the Middle East.
Houston cuts free time on reefer importers amid ongoing high dwells
Reefer shipments into the port, while still small, have been growing faster than overall cargo, forcing port officials to deal with more long-dwelling containers.
New shipping crisis brings ‘resilience’ question to the fore again
The closure of the Strait of Hormuz is the latest disruption to global shipping, highlighting once again that the market would rather ride out the problem than pay for the resilience that could bring relief, analyst Lars Jensen writes.
US resin shippers look to tap new customers amid Iran war
The closure of the Strait of Hormuz has cut off a major source of global resin supply, teeing up US production to fill in some of the gap.
APMT takes 49% stake in Haiphong's HHIT terminal in northern Vietnam
The move comes just days after a joint venture between the two companies was selected as the preferred bidder to develop a $1.8 billion container terminal in Da Nang.
Hurdles in Persian Gulf test carriers moving stranded Asian cargo from India
Market sources say an estimated 40,000 to 50,000 TEUs have landed at Indian ports thus far, with Nhava Sheva (JNPA) terminals alone accounting for 25,000 TEUs of discharges.