Container Shipping News

That some shippers are slow to adopt the growing number of e-commerce tools available online illustrates the retro mindset of a global container shipping industry mired in costly paperwork habits.

Evergreen Line, Hanjin Shipping and Simatech Shipping will join forces to launch the new IDEA service, linking the Indian subcontinent, Persian Gulf and East Africa, starting in late March.

A shipping company in China is planning a commercial voyage via the Arctic Ocean to the U.S. and Europe in 2013.

The Federal Maritime Commission’s commissioners have voted to allow a new agreement with the G6 Alliance to go into effect, permitting the six carriers to deploy more than 50 ships in the trans-Pacific trade, particularly increasing the frequency of vessel port calls on the U.S. East Coast.

Diana Shipping today reported net income in the fourth quarter of 2012 was $5 million, slumping 75 percent from $20.2 million in the fourth quarter of 2011.

Maersk Line and its Asian arm MCC Transport are to open a branch office in Myanmar to tap a market poised for strong cargo growth following the suspension of European Union and U.S sanctions in 2012.

Carriers currently operating services on the Southeast Asia-Australia trade will consolidate their respective services, beginning in the middle of April.

Hanjin Shipping has expanded its services in Indonesia.

Lockheed Martin has received initial orders to manufacture cryogenic tanks for fueling liquefied natural gas powered vessels.

Zim Integrated Shipping Services has announced that Zim Container Service Atlantic will add a second call in New York on its eastbound route, starting this month.

Box Ships intends to offer and sell 4 million of its common shares at $5.25 per share in an underwritten public offering. The offering is expected to close on March 18.

CMA CGM Group has finalized the purchase of 50,000 bamboo "eco-containers" with 25,000 light steel containers, which is in line with the company’s environmental policy.

Slack U.S. import demand and too much vessel capacity undermined most of the general rate increase that container carriers implemented on Jan. 15, sending average spot freight rates in the eastbound trans-Pacific trade down this week, the third consecutive week of decline.

Eimskip has announced several changes in its sailing schedule in order to expand its service in the North Atlantic.

Mediterranean Shipping Co. will raise rates on all dry cargo from North Europe, Scandinavia, the Baltic, the U.K. and Ireland to the Far East, including Japan, starting April 1.

The Italian foreign ministry on Tuesday said it will not send back two ship guards charged with the killing of Indian fishermen off the Kerala coast in February 2012, dealing a severe blow to the trial process initiated by the Indian Supreme Court.

Hanjin Logistics has opened new offices in Ho Chi Minh City and Hanoi in Vietnam and Mumbai, India, to expand its third-party logistics network.

China Cosco Holdings has preliminarily proposed to sell 100 percent of its interest in its directly owned subsidiary Cosco Logistics to its controlling shareholder China Ocean Shipping (Group) Co.

China, while still the undisputed leader in supplying apparel, footwear and furniture to the U.S., is seeing its market dominance diminish because of annual double-digit wage increases in those industries.

U.S. steel exports in January totaled 1.077 million tons, rising 11.2 percent from December 2012, according to U.S. government data.

Carriers are unlikely to stem the decline in freight rates in the Asia-to-North Europe trade lane any time soon, even if the general rate increases they plan to implement later this week boost spot rates for a few days.

CMA CGM has announced several rate increases that will take effect on April 1.

There were many takeaways from this year's TPM Conference in Long Beach, Calif. Here is some of what we learned.

The collapse of Germany’s KG ship finance system has not dampened orders for new container ships, as funding remains widely available, according to industry analyst Alphaliner.

Almost 150 sailings on the trans-Pacific and Asia-Europe routes were cancelled between October 2012 and February 2013, which has significantly impact freight rates and the regularity of service provided to shippers...

European ferry giant Stena Line is examining further service options in Asia after announcing that its first route between the South Korean city of Sokcho and the Russian ports of Zarubino and Vladivostok will start operations on March 19.

OOCL will launch a new KTX5 service, which will be operated by OOCL and MCC Transport.

Maersk Line has announced several rate increases that will all take effect on April 1.

Hapag-Lloyd will increase rates for all cargoes and container types on its trade from North Europe and the Mediterranean to East Asia, the Indian subcontinent and the Middle East, starting April 1.

The large locks at the western end of the canal in Brunsbuettel, Germany, have to be repaired and will be out of service for about two to three weeks, according to a German-language announcement by...

Cosco Group recently held a christening ceremony for its new container ship, the Cosco Belgium, at Nantong Cosco KHI Ship Engineering in China.

Hapag-Lloyd’s biggest shareholder Klaus Michael-Kuehne said Hamburg Süd should have an equal share in the planned merger of the two German ocean carriers.

Hapag-Lloyd will increase rates for dry commodities on its trade from British Columbia to East Asia, the Indian subcontinent and the Middle East, effective April 1.

Container lines owned half of U.S. intermodal chassis in 2009, but their share fell to 32 percent last year and will drop to 20 percent by the end of 2013, consultant Steve Rubin told the JOC’s 13th annual TPM Conference.

Clarksons’ pretax profit plunged to £20.4 million ($30.6 million) in 2012 from £32.2 million in 2011, as the world’s biggest ship broker was buffeted by weakening shipping markets that saw rates in some sectors slump to their lowest levels since the 1980s.

A.P. Moeller-Maersk plans to add more vessels to its Singapore hub, Bloomberg reported.