Forwarding

Average spot rates in the Asia-Europe trades eased on May 10 after their 19 percent jump last week following carriers’ general rate increase on May 1.

Matson Navigation Co.’s first quarter profit from continuing operations rose to $8.1 millio

A sharp deceleration in imports pulled India’s trade deficit in April to its lowest level in a year despite 3.2 percent year-over-year growth in exports.

Shippers who want reliable services at consistent prices should sign long-term deals with shipping lines, an MOL executive says.

Greek container ship owner Costamare boosted first quarter income 37 percent from a year ago to $24.5 million as charter revenue grew to $100 million from $86 million.

Greek container shipowner Danaos reported first quarter net income surged 72 percent from a year ago to $9.34 million as charter revenue grew 35.6 percent to $134.2 million.

German ocean carrier Hapag-Lloyd’s first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7 million) a year ago as lower freight rates and higher fuel

BLG Logistics pre-tax profit soared more than 42 percent in 2011 from the previous year to 48.5 million euros ($63 million) as the Bremen-based stevedore’s revenue topped 1 billion euros ($1.3 b

Global container terminal operator International Container Terminal Services, Inc., booked

Horizon Lines said its first quarter loss on continuing operations narro

Imports at Europe’s largest container ports declined 1.1 percent in the first two months of this year as economic problems cut into demand, according to Global Trade Tracker’s Northern Eur

Singapore-based NOL Group reported a $254 million first quarter loss despite cost-cutting and rate increases in March, and said high fuel costs and excess capacity will continue to challenge container

United States Maritime Alliance Chairman and CEO James Capo said he is “very hopeful and even cautiously optimistic” that management and the International Longshoremen’s Association

The CKYH alliance will restructure five of its current all-water services from Asia to the U.S. East Coast this month.

Trans-Pacific carriers announced proposed rate increases of $300 to $400 per 40-foot container unit, effective July 1, on shipments of frozen and chilled beef, pork and poultry shipments exported from

Textainer Group, the world’s largest intermodal container lessor, reported first quarter net income

Freight rates in the key Asia-to-Europe container trades appear to have peaked after a nearly fourfold increase since December, according to Alphaliner.

Middle Eastern carrier Emirates Shipping Line will raise its rates on cargo moving on its Far East and intra-Asia services, starting May 15.

Box volumes at South Korea’s ports reached a record high in April as transshipment traffic drove growth.

Imports at the nation’s top container ports will be flat this month compared to May 2011, but imports will then show steady growth into the fall, Global Port Tracker says.

Panama will get a fourth container terminal, a new one in Colon at t

South Korea’s Hyundai Merchant Marine said higher fuel costs and lower container volumes widened its first quarter operating loss to 201 billion won ($177 million) from $24 million a year earlie

Indian authorities released the Italian-flag merchant ship

What a difference four months can make. When 2012 dawned, a sense of doom prevailed in the containing shipping industry. Spot container rates in the critical Asia-to-U.S.

Shippers normally opt for the expense of air service only when they need to expedite high-value cargo such as computer chips and diamonds.

China weathered the global financial crisis of 2008-09 better than most countries, but the downturn still had a profound effect on its export-led economic model.

Federal Maritime Commission Chairman Richard Lidinsky Jr.

Prince Rupert, British Columbia, was the fastest-growing container port in North America in 2011, ramping up its export strategy and spiking 59.1 percent export growth year-over-year.

Jack Holmes, president of one of the largest trucking companies operating on U.S. highways, keeps an eye on the sea, where container shipping lines are struggling to stay afloat financially.

The failure late last month of American Feeder Lines and its 9-month-old service in the U.S. Northeast marks the latest body blow to short-sea shipping.

The Omani Ministry of Transport and Communications has awarded a $143 million contract for the construction of a new general cargo and liquid bulk terminal that will double the general-cargo handling

Panalpina swung to a loss of $64.5 million in the first quarter ended March 30 from a profit of $38.2 million in the same quarter last year.

After a slack start to the year, China’s containerized exports will begin to pick up this quarter, helping lift average throughput growth at the nation’s ports to 9 percent in 2012, Macqua

Hapag-Lloyd will impose a general rate increase on all cargo from the Indian subcontinent to Southeast and Northeast Asia.

Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they imple

Singapore-based container carrier APL imposed a port congestion surcharge on all shipments from Asia and the Middle East to Aden, Yemen.

Kuehne + Nagel has opened a new less-than-containerload gateway in Shanghai.

Asian investors reacted positively Thursday to the news that the G6 Alliance will not rei

West Coast ports handled 7 percent more loaded containers in March compared to the same month last year, according to numbers published on the Web site of the Pacific Maritime Association.