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container shipping news
Container Shipping News
Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity.
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Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
The latest
Container Shipping News
& Analysis
Steady rate decline on Asia-Europe as Chinese manufacturing slows
Greg Knowler, Europe Editor |
It is the slow post-Lunar New Year season, but spot rates are now at a 12-month low, with China manufacturing production also starting to slow down.
Container lines
Tariffs threaten nearly 7 percent of China-US container trade
Dustin Braden, Shipper Relationship Manager |
Neither country has listed a deadline for tariff implementation, hence the situation remains dynamic and fluid. However, key analysts are formulating worst-case scenarios.
Transport, Trade and Regulation News
Container lines
North American ports
Maersk: India’s 2017 trade growth strong, 2018 looks even better
India Special Correspondent |
Maersk, which transports roughly 20 percent of India’s total container cargo, said India's strong trade uptrends came despite widespread supply chain disruptions caused by recent tax and other regulatory reforms in the country.
Container lines
Trans-Pac spot rates rise as contract talks progress
Bill Mongelluzzo, Senior Editor |
Equally significant, the increases pushed the spot rates above the psychologically significant $1,000 and $2,000 levels, for the West Coast and East Coast, respectively.
Container lines
Maersk India's cold chain logistics expands shippers’ reach
India Special Correspondent |
Maersk India has substantially expanded its end-to-end cold chain service to and from India, which has enabled domestic reefer shippers to venture into new locales.
Container lines
Cool Cargo News
US detention-demurrage probe's initial focus is carriers, terminals
Hugh Morley, Senior Editor |
Investigators in the inquiry, led by Commissioner Rebecca Dye, have directed carriers to provide detailed information about their detention and demurrage practices; the same is being sought from marine terminal operators.
Transport, Trade and Regulation News
Trucking News
Container lines
Cosco’s inland push expands Asia, Europe logistics footprint
Greg Knowler, Senior Editor Europe |
Cosco Shipping Holdings, China's largest shipping company, has continued to aggressively expand into landside logistics, building on Beijing’s Belt and Road strategy to grow its terminal and inland footprint in Asia and Europe.
Container lines
Rail News
HMM to work with Sinokor, Heung-A before their merger
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine will sign an agreement to cooperate with Sinokor Merchant Marine and Heung-A Shipping for intra-Asia routes to facilitate the anticipated merger of the latter two companies’ container shipping operations.
Container lines
Potential trade war, new capacity threaten carrier earnings growth
JOC Staff |
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
Container lines
Transport, Trade and Regulation News
SeaLand’s new Gulf-Central America service to emphasize reliability
Joseph Bonney, Senior Editor |
The regional carrier's new service will offer fewer port calls — enabling it to build a larger buffer into its schedule.
Container lines
TOTE CEO Chiarello to retire
JOC Staff |
Anthony Chiarello, president and CEO of US domestic ocean carrier TOTE, said he will retire this summer after nearly 39 years in the maritime industry.
Container lines
Shipper alliance: Trade war will hurt global economy
Greg Knowler, Europe Editor |
Rising tariffs and retaliatory measures are a threat to global trade, an alliance of shipper organizations has warned.
Container lines
Breakbulk News
Blockchain success in shipping hinges on standardization
Peter Tirschwell |
In theory, blockchain has the potential to enable global container carriers to create a universal, standardized, ledger system with many more efficient processes. The question is whether carriers who are fierce competitors and who do not trust each other can use a system in which trust is integral.
Container lines
Logistics Technology News
China-US tariff dispute may fuel Asia-Oceania trade
Greg Knowler, Europe Editor |
Rising demand on the Asia-New Zealand-Australia trade could be further boosted by China's trade dispute with the United States.
Container lines
Yang Ming returns to profit
Greg Knowler, Europe Editor |
Taiwan's Yang Ming has completed a profitable 2017 on the back of a stronger container market and a recapitalization plan.
Container lines
Blank sailings cannot stop trans-Pac spot rate drop
Bill Mongelluzzo, Senior Editor |
Beneficial cargo owners (BCOs) continue to enjoy low spot rates in the eastbound Pacific despite carriers’ attempts to reduce effective capacity through blank sailings. However, small and mid-size BCOs in LA-LB are paying a price for the blank sailings, as terminals cancel work shifts to save money.
Container lines
Bangladesh’s VAT repeal sets stage for more feeder services
Bangladesh Special Correspondent |
The total effective tax on ocean going vessel businesses was almost 27 percent — something that discouraged business executives from investing in the sector. According to officials, the effective high tax rate also discouraged many vessel owners from registering their vessels in Bangladesh.
Container lines
Record 2017 volume leads Zim back to profitability
Greg Knowler, Europe Editor |
It has been a good year for ZIM, which has returned to profit following a huge loss-making 2016.
Container lines
IBM-Maersk blockchain joint venture gains steam
Peter Tirschwell |
The heads of the IBM/Maersk joint venture said 24 companies are being onboarded with roughly 70 more in the pipeline, and are seeking to allay forwarders’ fears that the initiative is encroaching on their end-to-end supply chain services.
Container lines
Logistics Technology News
Asia-Europe demand to lag well behind second-quarter capacity
Greg Knowler, Europe Editor |
Capacity scheduled for deployment on the Asia-North Europe and Mediterranean trades over the next 12 weeks is well above the expected demand for the year.
Container lines
Ocean carriers levy emergency surface fees, restrict door delivery
Ari Ashe, Senior Editor |
US truck capacity pressure, exacerbated by the federal electronic logging device mandate, is trickling down to all modes of inland cargo transportation: railroad, drayage, and transloading and long-haul truckload. Ocean carriers are responding with a mixture of actions.
Container lines
Europe to South America trade at a three-year high
Greg Knowler, Europe Editor |
Rising demand for Europe exports in South America has pushed southbound volume ahead of the containers heading north.
Container lines
Terminal operators move deeper into landside logistics
Greg Knowler, Europe Editor |
Terminal operators are trying to connect with owners of cargo and improve control of the end-to-end supply chain — moves that mirror those being employed by their container line customers.
International ports
Container lines
2M Alliance to cut direct calls, add buffer time in Asia-Europe revamp
Greg Knowler, Europe Editor |
The 2M Alliance will adjust its Asia-Europe network, losing many direct calls in a revamp aimed at improving reliability.
Container lines
CMA CGM posts record 2017 revenue, volume, aided by APL buy
Greg Knowler, Europe Editor |
It was the best year yet for CMA CGM as strong demand, higher rates, and a full-year contribution from APL boosted revenue and volume.
Container lines
Asia-Europe: Plenty of space, falling rates, shippers report
Grer Knowler, Europe Editor |
There was no sign of a peak shipping period on Asia-Europe routes in the run up to the Lunar New Year in 2018.
Container lines
SM Line's appeal for HMM cooperation rebuffed again
Xiaolin Zeng, Special Correspondent |
SM Line Corporation has again appealed to its larger compatriot rival Hyundai Merchant Marine to collaborate on trans-Pacific routes.
Container lines
Strong global trade, GDP growth seen ahead absent trade war
Joseph Lazzaro, Web Editor |
The bulk of regional economic fundamentals indicate a strong year is ahead for container trade, GDP growth, earnings growth, and job creation — with all of the positives that implies for lateral sectors and society.
Container lines
Transport, Trade and Regulation News
Logistics Technology News
South Korea carrier pact cuts more Vietnam services
Greg Knowler, Europe Editor |
One weekly service between South Korea and Vietnam has been cut, but it will have a negligible impact on the highly fragmented trade route.
Container lines
FEU Asia-US West Coast spot rates fall below $1,000
Bill Mongelluzzo, Senior Editor |
Spot rates in the eastbound Pacific this week crashed through the psychologically important levels of $1,000 to the West Coast and $2,000 to the East Coast, despite continued growth in import volumes.
Container lines
Maersk tries to limit disruption to schedules after fatal ship fire
Greg Knowler, Senior Editor Europe |
Maersk Line will make alternative vessels available to European exporters after a fire crippled the Maersk Honam in the Arabian Sea.
Container lines
US imports to decline later this year if trade war starts
Bill Mongelluzzo, Senior Editor |
The Global Port Tracker projects monthly increases in containerized imports beginning in April, but a trade war precipitated by the Trump administration's steel and aluminum tariffs could change those projections later this year.
Container lines
Now outward-focused, carriers have small shippers in sights
Peter Tirschwell |
Ocean carriers want to put the past 10 years behind them; it was a time when their focus went inward, and unsuccessfully so. Much rebuilding is needed to re-establish credibility with customers. One opportunity is the small shipper market. But can carriers make their services Amazon-like for small shippers?
Container lines
Logistics Technology News
Green slow-steaming proposal would reduce ship capacity
John Gallagher, Special Correspondent |
The IMO’s Marine Environment Protection Committee is working on a strategy to reduce greenhouse gas emissions from ships, which includes a list of short- and long-term measures.
Container lines
Threats, innovation shaking container industry out of doldrums
Mark Szakonyi, Executive Editor |
From rising protectionism underscored by President Donald Trump’s attack on steel and aluminum imports, to a new reality regarding US surface capacity, there are new challenges for shippers and transportation providers that demand action rather than hand-wringing.
Container lines
Trucking News
Logistics Technology News
Maersk ship blaze leaves four crew missing off Salalah
Greg Knowler, Europe Editor |
A fire on board the Maersk Honam has left four crew missing in the Arabian Sea off Salalah.
Container lines
Sri Lanka Ports: Prepare for alliance-free mega-carriers
Greg Knowler, Europe Editor |
In a few years, a few, independent mega-carriers could be competing outside of alliances, the chairman of Sri Lanka Ports Authority said.
Container lines
Trade disputes, trucking crunch threaten US export gains
William B. Cassidy, Senior Editor |
US exports are on a growth track, but export expansion could be derailed or slowed if the United States enters a trade war.
Container lines
ONE's Nixon: Profitable container lines bring market stability
Greg Knowler, Europe Editor |
While there was room for “a little more” consolidation, One Network Express CEO Jeremy Nixon told the TPM 2018 conference that from a product and network perspective, he expected to see stability continue over the next two years.
Container lines
Hapag-Lloyd joins CargoSphere’s digital rate-processing system
Hugh R. Morley, Senior Editor |
Shippers may find that Hapag-Lloyd’s use of CargoSphere’s rate translation systems makes it faster and easier to see what their negotiated rates mean for the cost of sending cargo on different routes around the world.
Container lines
Logistics Technology News
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