Forwarding

After a year that blew a $15 billion hole in their finances, container ship lines are taking tentative first steps on a long road back to financial stability.

The Virginia Port Authority signed a 20-year lease agreement on Friday that effectively gives the agency control over all operations at APMT Virginia, the most technologically-advanced facility in the

CMA CGM took delivery of two new post-Panamax vessels in South Korean shipyards, the 6,500-TEU CMA CGM Lamartine and the 11,400-TEU CMA CGM Callisto.

The privately held U.S.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.

German shipowner Rickmers Group christened four container ships with nominal capacity of nearly 13,100 20-foot equivalent units Friday at a South Korean shipyard.

CMA CGM will seek a general rate increase on all westbound cargo moving on its EPIC Service from India to Europe and the Mediterranean, a third GRI this year.

The Evergreen Group, which has been very cautious about adding vessel capacity in the last few years, said Friday it placed orders with Samsung Heavy Industries in Taipei for 10 container vessels with

Members of the Los Angeles Harbor Commission are considering a task force to address the issue of long truck lines at marine terminals before the congestion leads to a diversion of cargo.

OOCL told its customers it will no longer provide chassis for Baltimore, Philadelphia, and Pittsburgh bills of lading, both import and export as of Sept. 1.

The Obama administration is taking the first steps toward streamlining all aspects of export control under “four singularities,” National Security Director James Jones said Wednesday.

Almost a year after the Panama Canal Authority awarded the contract for construction of a third set of locks, the consortium that won

Paragon Shipping became the latest dry bulk shipowner to diversify into container shipping, paying $98 million for two new box vessels.

Forth Ports, the U.K.'s only listed port operator, said it expects first half earnings to be well ahead of last year on cost cuts and increased efficiencies.

Office clerical workers in Los Angeles-Long Beach walked off their jobs and set up picket lines at the ports when contract negotiations broke down at midnight Wednesday.

Maersk Line is rejecting some shipments and retrieving empty ocean containers from customers more quickly to help offset a shortage of containers, according to Bloomberg News.

PD Ports said it will invest around $44 million to almost triple container capacity at Teesport, the UK's third largest port.

“K” Line, China Shipping, and Hapag-Lloyd are teaming up on a new direct service from Asia to West Africa.

MOL, NYK and “K” Line formed a new vessel-sharing alliance to upgrade their container service from Asia to Mexico and the west coast of South America.

The 8,500-TEU Figaro that arrived in Los Angeles this week on its maiden voyage is not only the largest CMA CGM container ship to call at a U.S.

Cargo projections by retailers indicate that U.S.

Services were held Wednesday in Westbury, N.Y., for Thomas J. Stevenson Jr., who died June 24 at Lehigh Valley Hospice in Allentown, Pa. He was 88.

Container lessor Textainer Group increased its access to capital to nearly $1 billion, providing the company with more money to invest in equipment at a time when ship lines and cargo interests are st

CMA CGM may be close to finalizing an agreement that would inject $1 billion to lighten the French ocean container carrier's $5.3 billion debt burden, according to French press reports.

CMA CGM is switching partners and upgrading the vessel size on its Victory Bridge service linking North Europe to the U.S. South Atlantic, Mexico and the U.S. Gulf.

INTTRA is integrating its e-commerce platform for the ocean freight industry with C-Team Systems software, which standardizes operations for companies that facilitate international freight transportat

A consortium led by Grup Maritim of Spain won a contract to build and operate India’s new container terminal at the southeastern Port of Ennore, near Chennai.

CSAV’s new weekly Far East service, America Express, made its first call at Port Everglades Tuesday.

Active container ship capacity increased by 15.3 percent from the beginning of the year as ocean carriers are launching extra services in response to a larger-than-expected surge in global box traffic

A Palestinian group that has called for boycotts against Israeli vessels at various ports around the world signaled its intention to picket ships at U.S. ports as well.

Container ship charter rates are soaring as ocean carriers compete for a dwindling supply of vessels at the start of the peak shipping season.

Container volume at the ports owned by the Georgia Ports Authority jumped by 25.3 percent in May, making it six months in a row of double-digit increases.

APL is moving two senior executives in its European operations into new positions to strengthen global trade lane management and build momentum in the European market, the company said Monday.

Neptune Orient Lines, parent of APL, established a program to issue up to $1.5 billion in medium-term notes that the company said will be used for general corporate purposes.

A June 16 briefing report by the California Senate Republican Caucus in Sacramento is the latest to slam the ports of Los Angeles, Long Beach and Oakland for declining competitiveness and to predict a

Emboldened by surging imports and vessel space and equipment shortages likely to persist through October, carriers in the eastbound trans-Pacific ocean trade are increasing freight rates seemingly at

A Miami exporter of heavy equipment for the construction, farm and trucking industries pleaded guilty this week to trying to defraud the U.S.

U.S. steel imports increased by 4.7 percent in May to 2.2 million tons from 2.1 million tons in April, the American Institute for International Steel said Friday.

The Port Authority of New York and New Jersey acquired the 98-acre Global Terminal on the Port Jersey peninsula in Jersey City and Bayonne.

Goldenport Holdings, the London-listed containership and bulk carrier owner, announced a new $35 million share offering June 25 to fund future vessel acquisitions.