Forwarding

The Maersk Alabama was heading to its original destination port of Mombasa, Kenya, a day after it was hijacked off Somalia's coast, CNN reported Thursday, quoting

Container traffic in Rotterdam plunged 16 percent in the first quarter of 2009 from a year ago as the global economic downturn impacted all liner services to Europe's biggest box port.

A U.S. Navy destroyer, the USS Bainbridge, was in position near the lifeboat believed to be carrying the pirates and their hostage Capt. Richard Phillips.

The captain of the Maersk Alabama, the U.S.-flag, Danish-owned container ship that was hijacked in the Indian Ocean early Wednesday morning and then retaken by its American crew, is still being held h

The American crew of the hijacked Maersk Alabama retook the containership Wednesday from the Somali pirates who seized it earlier in the day far off the Horn of Africa, Pentagon officials said.

Cargotec subsidiary MacGREGOR provided a vehicle access outfit for a new Channel cruiseferry and won a separate contract in Japan to fit the first complete set of electrically-driven roll-on, roll-off

Maersk Line, pressing its effort to boost depressed ocean rates, announced price increases Tuesday for eastbound freight service from Northern Europe, North Africa and Mediterranean to the Middle East

Zim Integrated Shipping Services swung to a $322 million loss in 2008 from a year-earlier profit of $23 million on higher fuel bills, a write off for reduced ship values and reduced fourth quarter car

Terex agreed to a new deal to acquire the port equipment business of Italy's Fantuzzi Industries.

A lot has changed at South American ports in the few months since the global recession struck.

A lot has changed at South American ports in the few months since the global recession struck.

Consolidated cargo throughput at major ports in India grew by 2.13 percent in fiscal 2008-09, which ended March 31, according to the latest data released by the Indian Ports Association.

Container handling through the Port of Metro Vancouver, British Columbia, fell off sharply in the first two months this year, about the same as for U.S.

Container volumes at West Coast ports took an especially troubling dive in February and every major gateway felt the pain.

Container traffic moving through India’s Port of Jawaharlal Nehru registered a marginal decline in fiscal 2008-09 ended March 31, according to latest traffic figures released by port management.

Three major Japanese ports' container trade results were mixed in December, with Yokohama and Nagoya suffering continued declines while Osaka saw a slight rise despite the deep global economic downtur

HHLA, Hamburg's biggest container terminal operator, reported record earnings and revenue in 2008 but warned it expects a double digit decline in cargo this year.

London -- The number of laid-up container ships stabilized over the past fortnight, breaking five months of steep increases, as ocean carriers re-activate idle vessels with the onset of the spring car

The number of foreign trade containers handled by the Port of Tokyo rose for the second consecutive month in October last year on a year-on-year basis, increasing 3.4 percent.

The Environmental Protection Agency on March 30 proposed creation of an emissions control area that would require ships to burn cleaner fuels within 230 miles (200 nautical miles) of U.S.

APL’s container shipping volume plunged 21 percent and average revenue per 40-foot container dropped 16 percent in the four weeks from Feb.

Business conditions in the eastbound Pacific trades are deteriorating so rapidly that carriers will try to prevent the lowest of low-ball spot market rates from becoming de-facto contract rates.

Hamburg Süd will overhaul its Trident Service between Europe, Australia and New Zealand starting in May to cut network costs in the face of changing market conditions.

Maersk Line plans to implement a new round of rate increases for the trade moving from the United States and Canada to the Mediterranean.

From JOCsailings

The owner of a Norwegian tanker hijacked off Somalia's coast says there has been no recent word from the ship.

OD Global and Hanjin Shipping are partnering in a less-than container load service from China to the United States to speed international transit times.

The top executive of China Ocean Shipping Co. said recovery of the container shipping trade depends on revival of U.S.

Special from JoC Sailings

Trailer Bridge lost $1.1 million in the fourth quarter, leaving the Jones Act tug-barge operator with a $3.2 million loss for all of 2008, sharply worse than the slim loss the carrier reported the yea

China Shipping Container Lines’ profit fell 99 percent in 2008 from the year before, the company reported.

U.S.

Nestlé selected GT Nexus to provide a central online hub to streamline ocean freight procurement negotiation and contracting processes.

The Suez Canal Container Terminal said March 24 it received a call by a container ship that tested the depth of its new berth depth, which is 47.5 feet.

Japan will apply the tonnage tax system to 10 domestic ocean-going shipping companies over five years from fiscal 2009, which starts in April.

The U.S.

The number of containers handled by the Port of New York and New Jersey during 2008 dropped by 34,052, essentially showing no growth over the previous year as the global economic recession slowed trad

Prevailing winds move west to east, and so do most containers crossing North America.

Importers and exporters are diverting some cargo to other gateways because of the plethora of fees Los Angeles and Long Beach charge to fund infrastructure and environmental programs.

Maersk Line capped the coldest winter for ocean carrier profits by firing a warning shot on rates across the bows of other carriers.