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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Terminal operator ICTSI expands South America, Africa footprints
The Manila-based company is tapping into moves by the governments of Brazil and South Africa to enable their ports to handle steadily rising container volume and calls by larger vessels.
Maersk picks new CFO, reshuffles some regional chiefs
Robert Erni, who will step into the CFO job after the ocean carrier reports fiscal 2025 results in February, has 30 years of experience in financial roles across the logistics industry.
Inland rail connectivity key to Port of Long Beach growth: new CEO
Noel Hacegaba says more efficient intermodal rail service to the US interior will help Long Beach grab a greater share of imports from Asia that move to major distribution hubs such as Dallas and Chicago.
Australian government action needed to curb soaring terminal charges: regulator
The Australian Competition and Consumer Commission issued a report Friday that found terminal operators were making “historic” profits while their investment in infrastructure lagged far behind.
Hapag-Lloyd to expand feeder fleet with new methanol-ready ships
The Hamburg-based carrier is investing $500 million on eight newbuilds and adding 14 newbuild charters, with the overall goal of making its fleet more fuel efficient and reducing carbon dioxide emissions.
NYK, MOL to pay $72 million to settle UK vehicle shipment claims
The two Japanese vehicle carriers are the last to agree to a settlement figure in a long-running price-fixing case.
Policy shift clears way for surge in Mexican mining projects, cargo activity
A boost in project cargo demand is expected as delayed mining projects in the country start to come onstream in the coming years.
CargoWise’s pricing model change could mark final milestone in market ascent
The ubiquity of WiseTech’s flagship platform in the forwarding market has placed a target on its back – one that grew larger with a significant change last week in how it prices its product.
Seaboard Marine revamps Gulf service to combine calls in Central America
The carrier this week said a new service it is launching is “designed to enhance reliability and significantly improve transit times” between US Gulf ports, Central America and the Caribbean.
Cascading container tonnage spreads structural overcapacity to secondary lanes
New analysis shows a systematic displacement of tonnage from primary to secondary trade lanes has occurred over the past two years, while a shortage of capacity is looming over the smaller shipping segment.
Reliance on contracts results in unused truckload, ocean capacity: study
A study commissioned by Freightos finds truckload shippers fail to use 70% of the contracted capacity they negotiate.
US container volumes set for weak 2026 amid ongoing trade uncertainty
S&P Global’s outlook for the transportation sector sees US ports facing a volume decline in 2026 with the potential for recovery in 2027.
Cargo bookings for Asia-Europe ocean trade rise sharply in December
The rise in bookings is driving an increase in the capacity offered by ocean carriers on Asia to North Europe and the Mediterranean that this week reached record levels on both trades.
Zim faces proxy fight after rejecting CEO’s buyout bid
The Israel-based carrier is urging shareholders to reelect its current slate of directors later this month after alternate nominees were put forth by dissident shareholders.
Cosco Shipping inks $7 billion deal for big fleet expansion
The move is part of the Chinese government's ambition to accelerate the development of China as a maritime power, China Shipbuilding Group said.
India-Europe carriers push December rates higher on tighter capacity
Mumbai-based forwarder executives have linked the pricing gains mainly to lower capacity amid multiple blank sailings during the month covering CMA CGM’s Epic service and Ocean Network Express’ IOX loop.
Global container volume growth slows on US, EU declines
The softer global growth in October pulled the 12-month rolling average down to the lowest in 20 months, according to Drewry’s Simon Heaney.
December US imports on track to be lowest since June ’23: retailers
The weak import numbers come as the National Retail Federation is projecting record holiday sales in the US of more than $1 trillion for the first time, up between 3.7% and 4.2% from 2024.
New product allows shippers to flex MQC volumes on a weekly basis
A former DOT deputy assistant secretary in the Biden administration says tradable, guaranteed slot reservations would create a scenario enabling greater efficiencies for both shippers and carriers.
Vancouver’s new scheduling system gives 96-hour advance notice of vessel arrivals
The Vancouver-Fraser Port Authority’s scheduling system is aimed at helping marine terminals better prepare labor and equipment planning to mitigate import surges.