Forwarding

Ocean car carrier executives are hunkering down for a long drawn-out recovery from the deepest recession in a generation.

The trade rebound in the eastbound Pacific has exceeded the expectations of ocean carriers, and the lines are itching to bring back vessel strings they idled during the disastrous recession of 2008-09

After a historically down year characterized as “devastating” by one port executive, imports and exports are accelerating at major U.S. automobile ports.

When electronics giant Sony got offers from ocean container carriers in 2009 for rates 75 percent lower than the previous year, the company had “burning discussions” about the impact of su

Wan Hai Lines will join the India-Far East Express Service operated by a consortium of Shipping Corp. of India, Pacific International Lines and “K” Line.

U.S. Transportation Secretary Ray LaHood said the construction work under way to expand the Panama Canal “will have a profound impact on the way goods move around the world.”

Leading German container shipowners have acquired a stake of around 18 percent in CSAV, finalizing a 2009 deal that involved cutting charter rates for the Chilean ocean carrier.

CMA CGM plans to increase the frequency of its Black Pearl Service between Jamaica and New York and Halifax to weekly sailings from biweekly.

Japanese export ship orders sank at their fastest pace in 17 years in fiscal 2009, which ended on March 31, due to ship owners' flagging demand for new vessels, according to figures released by the Ja

The ports of Los Angeles and Long Beach turned in another winning month in March, with container volume in Long Beach up 13 percent over March 2009.

North American intermodal service provider Hub Group is buying 2,000 new 53-foot domestic containers for about $19.2 million, which would increase its fleet of those boxes by a third.

Environmental and labor interests warned Thursday that the clean-air benefits being realized today by the introduction of thousands of new trucks in Los Angeles-Long Beach harbor will be lost in subse

Tokyo Senpaku Kaisha, part of Japanese carrier NYK Line, ended a vessel sharing agreement with Orient Overseas Container Line and Cosco Container Line covering the Middle East Express Service.

Despite a healthy early start for Great Lakes shipping this year, steamship lines and their U.S.

Freight forwarder Panalpina last week chartered the only extant Antonov AN-225 freighter aircraft to move two laser welding machines with a combined weight of about 150 metric tons.

Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S.

OOIL Group Chairman CC Tung said Tuesday that it could take three to four years before the container industry works its way out of the glut of vessel capacity that hangs over the market.

LONDON ---Emerging markets offer the best opportunities for trade and investment by the container industry in this year’s slow-growth environment, according to Richard Mitchell, chief commercial

LONDON -- Europe-based shipping industry analyst group Seabury projected Tuesday that global ocean container trade will grow about 11 percent this year over 2009 despite a stronger showing early in th

Wallenius Wilhelmsen Logistics won the contract to manage vehicle processing and outbound yard management at Honda’s plant in Lincoln, Alabama.

The number of laid-up container ships above 5,000 20-foot equivalent units capacity has shrunk to the lowest level in over 14 months, largely due to slow steaming.

The U.S. trade deficit widened in February as rising imports of consumer and industrial goods offset a small increase in exports, the Commerce Department said.

The chief executive of ship leasing company Seaspan says pain from the global trade downturn likely has not been deep enough to bring needed consolidation and efficiency to the container shipping indu

Mediterranean Shipping Co. will raise prices on U.S.-South America trade lanes next month, taking this year’s rate increases to new markets, the carrier announced Monday.

Electronics giant Sony will change the way it manages shipping contracts, adding quarterly reviews to its annual agreements after unprecedented volatility in international container shipping rates ove

CSAV Norasia will expand the coverage of its independently-operated India-Middle East-Europe Express Service, effective in early May.

INTTRA, an electronic booking service for container shippers, launched the first ocean freight invoice transmitted via INTTRA eInvoice, its new electronic invoice presentment and payment platform.

Janet Napolitano, secretary of the U.S. Department of Homeland Security, watched U.S. and Spanish customs officials screen U.S.-bound containers as she toured the port of Barcelona on April 10.

LONDON-- A senior executive at Maersk Line said Monday the carrier expects the strong shipping growth early this year to slow down in the second half of the year because volume has outpaced gains in r

The recently created Containership Company will launch its inaugural trans-Pacific "Great Dragon" service on Saturday with the first sailing from the Taicang International Gateway in Jiangsu

With the large global shipping lines hesitant to bring capacity back to the trans-Pacific, 2010 could be the year of the niche carrier.

Port privatization hasn’t been easy in France. Frequent strikes, coupled with the global recession, were the sort of one-two punch that could have knocked down many ports for years.

Home Depot, the nation’s largest home improvement retailer, is considering increasing its flow of discretionary cargo through West Coast ports, and the increase could be considerable.

In the heat of the action, few attendees at last month’s Trans-Pacific Maritime Conference may have realized they were witnessing a defining moment in shipper-carrier relationships.

Several Asian carriers have significantly trimmed the number of containerships they own in their fleets over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets,

Heavy lift carrier BigLift Shipping has appointed Coli Shipping as its representative for South East Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, Cambodia, Laos and

Evergreen Line, which has been very cautious about adding vessel capacity to its container fleet during the last few years, confirmed Friday that it will start negotiating orders with shipyards soon t

Pier 1 Imports is happy with its decision last year to pay above-market rates to struggling ocean carriers in exchange for stable rates and reliable service, the retailer’s chief executive offic

Container traffic from Asia to Europe surged by 56 percent in February from a year ago and was close to pre-recession levels, according to the latest figures from ocean carriers.

“K” Line, which operates the all-water AWE-4 service from East Asia to the U.S.