Maritime

Maritime transportation, goods, services and regulation news

Shipping insiders caution against new capacity as prices surge

Bloomberg | September 16, 2021 | Maritime | Liner Shipping

Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders.

Statement by Commissioner Bentzel on Commission vote on demurrage and detention and notice of proposed rule making

AJOT Newsroom | September 15, 2021 | Maritime | Liner Shipping | Ports & Terminals

Demand for iron ore & steel drives activity across the Great Lakes-St. Lawrence Seaway system

AJOT Newsroom | September 15, 2021 | Maritime | Bulk | Ports & Terminals

The Great Lakes Seaway Partnership today reported that American and Canadian ports in the Great Lakes-St. Lawrence Seaway System handled 20,723,000 metric tons of cargo shipped through the St. Lawrence Seaway (Seaway) from the opening of the Seaway on March 22, 2021, through August 31, 2021 (i.e., Year-to-date or YTD).

Brittany Ferries and CMA CGM form a partnership in passenger and freight transport

AJOT Newsroom | September 14, 2021 | Maritime | Liner Shipping

Maritime

AJOT Newsroom | September 14, 2021

CMA CGM to launch INDAMEX 2 connecting the Indian Subcontinent with the US East Coast

CMA CGM has announced the launch of the INDAMEX 2, a complementary service to the current INDAMEX, offering optimized connections to/from the INDIAN SUBCONTINENT and the US EAST COAST.

Flagship Founders’ latest start-up Tilla automates cargo ship crew changes and secures Peter Döhle Schiffahrts-KG as its first customer

AJOT Newsroom | September 14, 2021 | Maritime | Technology

[FBX Weekly] CMA CGM caps spot rates as typhoon disrupts ports in Shanghai

AJOT Newsroom | September 14, 2021 | Maritime | Liner Shipping

Shipping lines think spot rates have peaked

Bloomberg | September 14, 2021 | Maritime | Liner Shipping

One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has seen prices hit records.

Maritime

Bloomberg | September 14, 2021

Commodity shipping rates post biggest daily gain in a decade

In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade.

Coalition of businesses, trade groups endorse Ocean Shipping Reform Act

AJOT Newsroom | September 13, 2021 | Maritime

Himber named Maritime Exchange president

AJOT Newsroom | September 13, 2021 | Maritime | Liner Shipping

Industry bodies joint initiative to tackle safety of dangerous goods storage & transport

AJOT Newsroom | September 13, 2021 | Maritime | Liner Shipping

The world’s shippers are earning the most money since 2008

Bloomberg | September 13, 2021 | Maritime | Liner Shipping

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher.

Maritime

AJOT Newsroom | September 13, 2021

MSC launches new Transpacific shuttle service connecting China and Long Beach

In response to the continued strong Transpacific market demand and to further support the challenging service schedules for North America West Coast, MSC will announce two new weekly shuttles, connecting south and central China with Long Beach.

Abu Dhabi Ports and CMA CGM Group sign 35-year concession agreement

AJOT Newsroom | September 13, 2021 | Maritime | Liner Shipping

A state-of-the-art terminal with a capacity of 1.8 million TEUs to open in 2024 with an investment of AED 570 million (USD 154 million) in the new terminal which will make Khalifa Port a regional hub for three of world’s top four shipping companies.

Cyber incident impacts Texas MTSA facility

AJOT Newsroom | September 13, 2021 | Maritime

EST-Floattech launches new battery designs

Octopus platform to serve growing and evermore diverse maritime market needs

Logistics

Bloomberg | September 10, 2021

Container shipping giant freezes spot rates amid trade chaos

The world’s third-largest container carrier said it’s capping spot rates for ocean freight for the next five months, yielding to pressure from some customers and regulators concerned that global trade disruptions have pushed the cost of shipping too high.