Forwarding

DFDS grew 2011 pre-tax profit by 36 percent from a year ago to a record $133 million, but the company expects higher oil prices and tougher competition on North Sea roll-on, roll off routes to push do

Martin Seig has been named global head of ocean freight at Damco, the logistics and forwarding unit of A.P. Moller-Maersk.

Container ship owner-charterer Seaspan reported $35.5 million in normalized net earnings for the fourth quarter, a 31.5 percent increase from a year earlier, and authorized the repurchase of up to $50

The captain and navigating officer of the Rena container ship that ran aground Oct. 5 on a New Zealand reef pleaded guilty to a series of charges Wednesday.

Hyundai Merchant Marine plans a general rate increase effective April 15 for shipments from the U.S. and Canada to Argentina, Brazil, the Dominican Republic and Uruguay.

Logistics provider De Well Group plans to market and sell ocean container capacity available through the JOC Exchange, an online private marketplace for shipping customers.

Damco, the logistics and forwarding unit of A.P. Moller-Maersk, posted a 29 percent increase in profit last year as revenue and margins rose.

Mediterranean Shipping became the second carrier after Maersk Line to announce a second rate hike this year of $400 per 20-foot container on the westbound leg of the Asia-Europe trade.

West Coast ports could see a diversion of cargo from East and Gulf Coast ports this year if contract talks between waterfront employers and the International Longshoremen’s Association become he

Average eastbound trans-Pacific spot rates fell 1.8 percent this week, as slack seasonal demand further undermined the rate increase that carriers implemented as of Jan. 1.

APM Terminals plans to invest about $3 billion in infrastructure development and expansion of its global network of terminals in 2012, the Hague-based terminal operator said Tuesday.

Container ship lines in the Westbound Transpacific Stabilization Agreement have announced rate increases for dry cargoes as they try to stem losses in the U.S.-Asia market.

Containerized imports to major North Europe ports dropped by nearly 7 percent in the fourth quarter and are expected to rise less than 3 percent in the current quarter, according to the North Europe G

Orders for U.S. durable goods fell 4 percent in January, the biggest decline in three years, following the expiration of a tax break on equipment purchases.

Samudera Shipping Line’s profit last year rose 33.8 percent year-over-year to $12.6 million, as the Singapore-listed carrier’s expansion in Indonesia domestic shipping helped offset a down

Malaysian shipping group MISC Berhad blames its withdrawal from container shipping for a $405 million loss in the nine-month period ended 31 December.

Operations at the Port of Jawaharlal Nehru (Nhava Sheva) were severely disrupted Tuesday after dock workers at India’s largest container gateway joined a 24-hour nationwide general strike.

South Carolina Gov.

Four ocean carriers are teaming up to jointly launch a new service between ports the U.S. East Coast and Brazil in March.

Forecasters surveyed by the National Association of Business Economics show growing optimism about the U.S.

Electronic container cargo booking in 2011 outpaced overall industry volume growth by nearly four-fold, according to figures released Monday by INTTRA, an electronic booking portal for the container s

APM Terminals profit declined 18 percent in 2011 to $649 million from $793 million a year ago, but the container terminal operator expects gains in market share will improve results in 2012.

Maersk Line will remain in the red this year after slumping to a $602 million loss in 2011 from a record $2.6 billion profit in 2010, said A.P.

Drewry Shipping Consultants estimates the international shipping industry contributes about 3.3 percent of the world’s carbon dioxide emissions, part of an enormous impact from global freight tr

After three years of boom and bust, Chile’s CSAV hopes a new business model and $1.2 billion in fresh capital will provide smoother sailing for South America’s largest container line.

A decade ago, Hapag-Lloyd operated in the rarefied air along with the world’s most profitable global ocean carriers.

You wouldn’t think the country has been skirting along the fragile edge of an economic downturn by looking at business at many of the large Gulf ports.

Alabama’s Port of Mobile has turned out to be the perfect match for German steel manufacturer ThyssenKrupp.

Small exporters will be among the most to benefit from the charter renewal of the Export-Import Bank of the United States and the most to suffer if Congress fails to act soon, leaders of the National

U.S. steel imports in January jumped 20.2 percent from a year earlier amid a strengthening economy and rising demand from steel users.

The Federal Maritime Commission underestimated the magnitude of rate volatility in the Europe-Asia trade when it assessed the effects of the European Union’s repeal of carrier antitrust immunity

An MOL container ship collided with another container ship owned by Cosco on Wednesday southeast of Hong Kong.

Diana Containerships booked a profit of $1.3 million in the fourth quarter of 2011 against a year-earlier loss of $15,600, and the Greek shipowner forecasts an improved performance in 2012 because of

Spot freight rates on the westbound Asia-Europe trade lane rose 3 percent this week from the week before after Maersk Line announced plans to reduce vessel capacity on the route by 9 percent.

NOL Group renewed its contract with Union Pacific for U.S. rail transport of containerized cargo carried by APL, it liner shipping business.

Weak volumes to Europe and the Mediterranean caused U.S.

APL’s parent NOL Group lost $478 million last year, reversing a $461 million profit in 2010, as high fuel costs and lower freight rates produced “disappointing” results for the conta

Danaos reported net income of $9.1 million in the fourth quarter of 2011 against a year earlier loss of $8.9 million, but the Greek containership owner warned the rising number of laid-up vessels will

Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15.

International container volume at the Port of Tacoma in January increased 8 percent year-over-year, as imports surged 12.4 percent at the Washington state port.