Welcome to JOC Sailings. Let us know what you think.
  | Not registered?
  Home > Maritime News

Latest Maritime News

Minimize
08/30/2014
The Clementine Maersk will skip the port of Vancouver in its current rotation, citing congestion and “significant” delays following the CMA CGM Attila’s striking of the dock two days ago. The Maersk Line vessel will shift cargo bound for the Canadian gateway to the CMA CGM La Scala. Canadian media reports...
08/29/2014
The spot rate to the U.S. East Coast was $4,344 per 40-foot container this week. Full-size chart While it appears some September 1 general rate increases may have been successful, spot rates in other lanes are poised to drop to new lows. Rates responded poorly to carriers’ attempted general rate increases in the...
08/29/2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis. “The carriers have been hit hard by severe congestion in Rotterdam and Hamburg, along with...
08/29/2014
The air cargo industry has been battling declining market share for years as cost-sensitive shippers move long-haul cargo from air to ocean transport, but that trend may be coming to an end, PIL Managing Director Teo Siong Seng says. “The movement of cargo from air to sea appears to have reached...
08/29/2014
Robert Sappio, former longtime executive at APL, has been named chief operating officer at SeaCube Container Leasing. SeaCube is among the largest lessors of refrigerated containers and also buys, sells and leases dry and refrigerated containers and gensets throughout the world. Sappio most recently was president and CEO at Rickmers America in...
08/28/2014
An investment consortia including the U.S. private equity giant Kohlberg Kravis Roberts has acquired a portfolio of nine feeder container ships previously owned by German KG funds, signaling continued interest in shipping assets by private equity, and a continued pullback by KG funds. The investment vehicle for the purchase is Embarcadero...
08/27/2014
What does it mean if the largest container line in the world is making money while most of its peers are less profitable or struggling? Where will it lead? A gradually emerging theme during the past two years is that Maersk Line is achieving profitability while many of its smaller competitors...
08/27/2014
Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU. Full-size chart Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts. Drewry’s benchmark rate from...
08/26/2014
Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter. Damco, the logistics arm of Maersk Group, reported a third consecutive quarter of operating losses last week, and said it expects to end the year in red after grappling with a restructuring effort...
08/25/2014
Cargo is being rolled and space allocations are being cut on trans-Pacific eastbound services as capacity continues to tighten to the U.S. East Coast. Space to the U.S. West Coast is also extremely tight, shippers say, reflected in stronger volumes moving through West Coast ports. Volumes jumped to the East Coast...



 
©2013  |   About Us  |  Advertise  |  Contact Us  |  Privacy + Terms  |  JOC Group Inc.