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The latest
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News & Analysis
Hanjin, Yang Ming Add Pacific Northwest Loop
Peter T. Leach |
Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific Northwest, starting April 22.
Container lines
Maritime
Forwarding
China Turns Away MOL Ship for Radiation
Hisane Masaki |
Chinese authorities rejected a container ship operated by MOL, Japan's second-largest shipping line, saying they had detected high levels of radiation.
Maritime
Container lines
Forwarding
Horizon Lines Expects to Default on Bonds
Joseph Bonney |
Horizon Lines said it expects to default on its loans as the result of a $45 million fine for price-fixing in the Puerto Rico trade and could be forced into bankruptcy if a deal can’t be worked out wi
Container lines
Maritime
Forwarding
Grand Alliance Resumes Nagoya Service
Peter T. Leach |
The Grand Alliance is resuming service to the Japanese city of Nagoya operated by Hapag-Lloyd on March 31, according to a bulletin by OOCL.
Container lines
Maritime
Forwarding
Crowley Wins Order Blocking Puerto Rican Inspections
Peter T. Leach |
A U.S. District Court in San Juan issued a temporary restraining order on Friday in favor of Crowley Puerto Rico Services.
Maritime
Container lines
Forwarding
Indian Navy, Coast Guard Capture Pirate Mother Ship
Peter T. Leach |
The Indian navy and coast guard captured 16 Somali pirates and rescued 16 hostages after a three-hour running battle in the Arabian Sea, according to media reports.
Container lines
Maritime
Forwarding
Crowley to Start Direct Loop to St. Maarten
Peter T. Leach |
Crowley Maritime is adding a direct, fixed-day sailing from Port Everglades, Fla., to St. Maarten in the Caribbean that will reduce transit time by one full day.
Maritime
Container lines
Forwarding
Maersk Introduces Ships Designed for West Africa
Peter T. Leach |
Maersk Line is taking delivery of the first of a series of 22 container ships called Wafmax that are specifically designed for the limitations of the West African market.
Maritime
Container lines
Forwarding
The JOC Top 40 Container Lines (2010)
Peter T. Leach |
The columns of red and black numbers in the rankings of the Top 40 Container Lines by volume reflect the tenuous recovery from the deep downturn in trade that hit carriers so hard in 2009.
Maritime
Container lines
Forwarding
Industry Veteran Schely Dies at 72
Bill Mongelluzzo |
Retired executive Ronald P. Schley, a veteran of 33 years in the shipping industry, died March 14 in Sparks, Nev., after a lengthy illness. He was 72.
Maritime
Container lines
Forwarding
German Ocean Carriers Avoid Tokyo, Yokohama
Bruce Barnard |
Several German shipping lines suspended calls at eastern Japanese ports, including Tokyo, because of fears crews could be exposed to radiation from the damaged
Maritime
Air Cargo Carriers News
Container lines
Forwarding
Hanjin Takes Delivery of Second 10,000-TEU Ship
Peter T. Leach |
Hanjin Shipping said it took delivery of the second of a series of five container ships with capacities of 10,000 20-foot equivalent units.
Maritime
Container lines
Forwarding
Asia-Europe Spot Index Falls Below $1,000 per TEU
Peter T. Leach |
The spot index for shipping containers from Shanghai to Europe slipped below $1,000 per 20-foot equivalent unit this week for the first time since March 2009 as fears of vessel overcapacity pervaded t
Maritime
Container lines
Forwarding
Maersk Will Reduce Hong Kong Calls
Mike Grinter |
Maersk Line announced Thursday it will reduce ship calls to Hong Kong by up to a third starting in April, with Modern Terminals' Container 9 taking the brunt of one of the biggest shifts in years.
Maritime
Container lines
Forwarding
Customs Clears First Post-Earthquake Shipment from Japan
Peter T. Leach |
U.S. Customs and Border Protection cleared goods arriving on an APL ship from Japan this week, the first shipment of containerized cargo from post-earthquake Japan.
Maritime
Container lines
Forwarding
Evergreen Chairman Gives $12.35 million to Japan Relief
Peter T. Leach |
The chairman of Evergreen Group, Chang Yung-fa, donated $12.35 million of his personal fortune on Wednesday to help Japan with its post-disaster reconstruction.
Maritime
Container lines
Maersk Marks Five Years Using Low-Sulfur Fuel
Bill Mongelluzzo |
Maersk Line next week will celebrate the fifth anniversary of its switch from high-sulfur bunker fuel to low-sulfur distillate fuel in its vessels calling at California ports.
Maritime
Container lines
Forwarding
OOCL Orders Six 13,000-TEU Vessels
Peter T. Leach |
OOCL ordered six new ships Wednesday, each with capacities of 13,000 20-foot-equivalent units.
Maritime
Container lines
Forwarding
Cosco Pacific Mulls Trust Listing
Peter T. Leach |
Cosco Pacific, the terminal-operating arm of China Cosco Holdings, said it may put some operations in a business trust following Hutchison Port Holdings Trust's trading debut on the Singapore Stock Ex
Maritime
Container lines
Forwarding
UASC Adds Libya Surcharge
JOC Staff |
Middle East carrier United Arab Shipping Company announced a "war risk surcharge" on all cargo moving to and from ports in Lib
Maritime
Container lines
Forwarding
Hapag-Lloyd IPO Delayed on Market Volatility
Bruce Barnard |
The public listing of shares in German ocean carrier Hapag-Lloyd has been delayed due to market volatility.
Maritime
Container lines
Forwarding
CMA CGM Leaseback Deal Includes Repurchase Options
Peter T. Leach |
Ship Finance International on Tuesday revealed details of its reported agreement to buy two container ships
Maritime
Container lines
Forwarding
NYK Offers Free Tsunami Aid Transport
Thomas L. Gallagher |
The NYK Group said Tuesday it will offer free international transportation of relief supplies to the Tohoku and Kanto regions of Japan, which were struck March 11 by a
Maritime
Container lines
Forwarding
Maersk Hikes Piracy Surcharges
JOC Staff |
Maersk Line announced a steep increase in emergency risk surcharges imposed earlier on containers moving via ports in the Indian Ocean Islands and East Africa, starting April 1.
Maritime
Container lines
Forwarding
CSAV Swung to Profit in 2010
Peter T. Leach |
CSAV swung to a full-year profit of $170.8 million in 2010 from a loss of $656.4 million in 2009.
Maritime
Container lines
Forwarding
Grand Alliance to Start Direct Vietnam Call
Peter T. Leach |
The three member carriers of the Grand Alliance are adding a direct Vietnam call at the Cai Mep deepwater port in Vung Tau on Loop D of their Asia-Europe service starting on March 30.
Maritime
Container lines
Forwarding
Hamburg Sud Orders Six 9,600-TEU Ships
Peter T. Leach |
South Korean shipbuilder Hyundai Heavy Industries said Monday that it had won a $711 million order to build six container ships for Hamburg Sud.
Maritime
Container lines
Forwarding
Six CSA Carriers Cut Planned Bunker Increases
Peter T. Leach, Editor-at-Large |
The six carrier members of the Caribbean Shipowners Association said they are reducing the size of their upcoming bunker increase on March 27 by $30 per 20-foot equivalent unit.
Maritime
Container lines
Forwarding
Ship Finance International Buys Two CMA CGM Ships
Peter T. Leach |
Ship Finance International, which owns and operates ships for charter to liner companies, said it would acquire two container vessels from French container shipping company CMA CGM for $342 million.
Maritime
Container lines
Forwarding
Crowley, Seaboard to Hike Fuel Surcharges
Peter T. Leach |
Crowley Maritime and Seaboard Marine, members of the Florida-Bahamas Shipowners & Operators Association, on Friday announced a two-step increase in bunker surcharges, to take effect on April 17 and Ma
Maritime
Container lines
Forwarding
Damage Control at Horizon
Joseph Bonney |
Horizon Lines is scrambling to contain the damage from its guilty plea and $45 million fine for fixing rates on containerized cargo shipments between the U.S. mainland and Puerto Rico.
Maritime
Container lines
Putting 'Service' Back in Contracts
Peter T. Leach |
Still smarting from the shortage of vessel space that delayed shipments a year ago, importers and exporters are demanding more service guarantees in trans-Pacific contracts.
Maritime
Container lines
Forwarding
Bust-Up Over Bunker
JOC Staff |
Shippers and carriers attending the TSA meeting in Long Beach disagree about the level of bunker surcharges.
Maritime
Container lines
Forwarding
High Fuel Costs Hurt Matson's First Quarter
Peter T. Leach |
Alexander & Baldwin warned Friday that the recent surge in global fuel prices stemming from u
Maritime
Container lines
Forwarding
Ocean Carriers Cancel More Japan Services
JOC Staff |
Some ocean carriers eliminated stops at the Tokyo and Nagoya ports and other ocean carriers added cargo restrictions and changed ship routings around Japan as the country struggled with badly damaged
Maritime
Container lines
Forwarding
Sea Star Increases 53-Foot Box Fleet
Peter T. Leach |
Sea Star Line ordered 100 new 53-foot cargo containers for use at its Jacksonville and Philadelphia ports.
Maritime
Container lines
Forwarding
Evergreen Starts New Japan-Taiwan Loop
Peter T. Leach |
In an expansion of its intra-Asia regional network, Evergreen Line is launching a weekly service called the Japan-Taiwan-South China Sea service from March 17.
Maritime
Container lines
Forwarding
CSAV Expects Loss, Seeks Capital
Joseph Bonney |
The new chairman of Chile's CSAV warned of "negative results" for the first quarter and said the company will seek a $500 million capital increase and to sell up to 49 percent of the company's ports a
Maritime
Container lines
Forwarding
Maersk Ships to Avoid Japanese Radiation Zone
Peter T. Leach |
Maersk Line ships will not enter or pass through an offshore area close to an overheating nuclear plant in Japan, the Danish carrier said Thursday.
Maritime
Container lines
Forwarding
Zim Hikes India-Europe Rates
JOC Staff |
Zim Integrated Shipping Services will seek a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.
Maritime
Container lines
Forwarding
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