Forwarding

UPDATED MARCH 11 AT 4:55 P.M. EST

Horizon Lines said its lenders agreed to cancel a default triggered by the company's guilty plea to price-fixing in the Puerto Rico trade and to relax loan covenants.

OOCL and Yang Ming plan to expand the port coverage of their joint China-Pakistan Express service and launch a new service on the trade lane.

Mediterranean Shipping Co.

Container volumes moving through the Panama Canal will certainly increase when the canal is enlarged in 2014, but that does not necessarily mean West Coast ports will lose market share simply because

The Justice Department said it allowed Horizon Lines to pay a back-loaded $45 million fine for price fixing in the Puerto Rico trade because a stiffer penalty would have threatened the carrier's viabi

The three carrier members of the Grand Alliance plan to overhaul their trans-Pacific services to the U.S. West Coast in advance of the peak season.

The port of Rotterdam said container traffic with Russia surged 40 percent in 2010 from the previous year, sharply narrowing the gap with Hamburg, the market leader in Baltic feeder traffic.

Clarksons, the world's largest ship broker, reported 2010 profit grew 44 percent from a year ago as shipping markets benefited from a "slow but emerging recovery" in global trade.

Mediterranean Shipping Co. plans to raise freight rates for cargo moving westbound from Italy, Spain, Portugal, the south of France and Israel to the U.S. as of April 1.

President Obama named Commerce Secretary Gary Locke to be the next U.S.

Hong Kong Port container volume grew 5.7 percent in January, a much slower growth rate than the average for 2010, indicating the massive recovery is gradually running out of steam.

Hanjin Shipping, CNC Line and KMTC Line are teaming up to launch an intra-Asia service connecting Japan and Indonesia later this month.

Marine terminal operators keep close tabs on dockside crane productivity because it is the most critical factor in their profitability, a terminal executive told the Journal of Commerce’s

Panalpina boosted 2010 net revenue 20 percent from the previous year to $7.7 billion, driven by double digit growth in ocean container and air freight traffic.

Ship lines, truckers, leasing companies and other interests are still trying to decide how to fill the void left by ocean carriers that are ending their practice of providing U.S.

Several shippers that have diversified their U.S.

Suspected Somali pirates tried to seize the Maersk Alabama again on Tuesday in the third attempt to hijack it in three years.

The Government Accountability Office is raising concerns about the security of goods with civilian and military applications through "deemed exports" to foreign nationals.

Long Beach, Calif. – The head of the longshore labor union in Portland, Ore., said Tuesday he will work in “partnership” with a new terminal operator to improve productivity at the Port of Portland.

Cargo volume at major ports in India grew a mere 1.2 percent from April through February compared with a year earlier, according to preliminary traffic figures released by the Indian Ports Association

Global Ship Lease, the NYSE-listed container shipowner, slumped to a net loss of $4 million in 2010 from a $42.2 million profit in 2009 as revenue grew 7 percent to a record $158.8 million.

Maersk Line is extending its program to cut sulfur emissions on its services to New Zealand.

Hapag-Lloyd and Regional Container Lines plan to launch a new weekly joint service from China and South Korea to Sri Lanka, India and Pakistan, starting at the beginning of April.

Ocean carriers face a shortage of containers in the coming months as production of boxes lags growing cargo capacity, according to Alphaliner.

Container shipping lines and shippers would benefit if carriers could share information in ways barred by the European Union, the chairman of Orient Overseas Container Line's parent company told the J

Shipping lines that carry U.S. exports to Asia face the paradox of declining freight rates even as cargo volume remains quite strong.

LONG BEACH, Calif.--The supply of vessel capacity and demand for space on the trans-Pacific will be so close this year it could tip in either direction, toward oversupply and lower freight rates or ti

Forth Ports received a conditional takeover offer from its largest shareholder that values the UK's only listed port operator at $1.2 billion.

OOCL is planning to place an order "soon" for a number of big new container ships that will probably be in the ranges of ships capable of carrying 13,000 20-foot equivalent units.

State-owned Shipping Corporation of India plans to acquire 110 vessels at a total estimated cost of $6 billion over the next 10 years, Indian Shipping Minister G.K. Vasan said Monday in New Delhi.

The National Retail Federation is projecting an 11 percent increase in March for containerized shipments over March 2010.

Container volume at Neptune Orient Lines, parent of APL, declined 18.5 percent in the first six weeks of 2011 compared to the last period of 2010 but the ocean carrier saw average revenue per box grow

International Container Terminal Services won a 30-year concession to manage, operate and develop a container terminal in Rijeka, Croatia's biggest port.

The trans-Pacific container shipping market showed the strongest growth among major trade lanes during a year of recovery in 2010, a major reason overall U.S.

With container supply and demand out of whack, trans-Pacific shippers may face spot shortages of boxes during this year’s peak season for U.S. imports.

Growing carrier competition will pressure container freight rates between the U.S.

Carriers and shippers face myriad challenges in Africa, including port congestion, infrastructure and bureaucracy, but privatization and public-private partnerships have improved the working of many p

Canada’s two Pacific Coast ports have an aggressive growth strategy focused on two markets, but neither of those markets happen to be in Canada.

Amid the many troubling reports for Australian exporters during the heavy storms that caused devastating flooding, three dozen deaths in three months and paralyzed the nation’s coal industry was