Container Shipping News

Despite slow growth in import demand in the trans-Pacific trade and the decline in demand in the Asia-Europe trade, the recovery in ocean freight rates is strong enough that BIMCO expects the peak sea

Dockwise swung to a $8 million net loss in the second quarter from a $9 million profit in the previous three months, but the Dutch heavy-lift operator boosted its order backlog for the sixth successiv

The fire-damaged container ship MSC Flaminia and its accompanying tugs have been moved to a position more than 400 nautical miles west of the English Channel to avoid rough weather, the ship’s o

The volume of containers handled by terminals in the Port of Virginia in July increased 7.4 percent from June and by 8 percent over the same month last year.

Container traffic at the Los Angeles-Long Beach port complex in July was lackluster, with Los Angeles reporting an increase of 5.5 percent and Long Beach a decline of 8.8 percent compared to July 2011

HHLA’s profit and container traffic increased in the first half of 2012, but Hamburg’s biggest stevedore forecast flat full-year results amid slowing growth across the North Europe port ra

Evergreen Line said it will begin a new Straits-Yangon (Myanmar) service in late August i

U.S.-based Intermarine and Denmark’s Scan-Trans Holding

Container ships arrived at their destination ports around the world 83 percent of the time in July, an increase of two percentage points from

Damco’s earnings before interest and taxes jumped 42 percent to $51 million as air freight revenue more than doubled and net revenue increased 12 percent to $1.543 billion.

Average spot rates on the eastbound trans-Pacific trade lane eased 5.2 percent from last week’s record high, which followed the general rate increase recommended by the Transpacific Stabilizatio Agreement implemented by carriers during the first two weeks of August.

Hapag-Lloyd has joined other major container carriers in announcing a general rate increase on westbound trade from India to Europe, effective Sept. 3.

The owner of the fire-damaged container ship MSC Flaminia has declared general average, meaning all parties with cargo on the ship will proportionally share losses resulting from efforts to save the s

International Longshore and Warehouse Union Coast Committeeman Leal Sundet was not speaking in hyperbole Monday when he said the jurisdictional dispute in Portland between the ILWU and the Internation

Dockworkers in Portland suffered a jurisdictional loss late Monday when the National Labor Relations Board ruled that jobs involving the working of refrigerated containers at the port belong to the ri

Port congestion resulting from reduced working hours and higher demand during Ramadan is causing shipping delays in the Middle East and Southeast Asia, prompting new liner surcharges.

Ocean carriers are adding capacity on the Far East-Europe route even as trade growth weakens and ship utilization levels continue to fall, according to container market analyst Alphaliner.

German ocean carrier Hapag-Lloyd’s net loss narrowed to 7.3 million euros ($9 million) from 10.6 million euros ($13.1 million) a year ago as surging fuel costs more than outweighed slightly high

Maersk Line rebounded to a $227 million profit in the second quarter from a $95 million loss a year ago and a record $599 million deficit in the previous three months as higher container volumes and o

Optimism among retailers is growing as containerized imports are forecasted to increase 6.3 percent in August and 4.8 percent in the 2012 calendar year over the same periods last year, according to th

The owner of the fire-damaged MSC Flaminia said the container ship has been stabilized enough to enter a sheltered coastal area when authorities grant permission.

Global port operator International Container Terminal Services Inc.

The action last week by Portland’s harbor commissioners to ensure the port shares in the costs that terminal operator ICTSI incurred because of longshore labor actions in June was a business dec

A.P. Moller-Maersk plans to give up its partnership structure and turn management responsibility over to its six-member executive board on Jan. 1.

Emirates Shipping Line plans several rate increases on its Asia services, effective Sept. 1.

Container shipowner-lessor Global Ship Lease reported a higher second qua

Global containerized trade volumes fell in June from May and also in year-over-year comparisons, according to the latest figures from Container Trades Statistics.

State-owned Shipping Corporation of India said its first fiscal quarter net loss widened to $10 million from $1 million a year ago largely because of higher interest and operating expenses.

With all of the talk about the glut of vessel capacity hanging over the world’s container trades, what you read next may come as a surprise: The excess capacity of this year and next could turn

Great expectations are colliding with hard reality at the Port of Gulfport, Miss., where state officials are considering modifications to a $570 million rebuilding and expansion project.

Steel shipments through Gulf of Mexico ports have long been a two-way race between Houston and New Orleans. Now a third port has elbowed into the picture.

With little fanfare, three organizations that set international standards for global companies agreed in July on a single standard for the equipment used in supplying shore power to vessels at berth.<

Hapag-Lloyd will raise rates in the trans-Atlantic trades effective Oct. 1, 2012.

U.S.

Totem Ocean Trailer Express plans to convert two diesel-powered roll-on, roll-off ships to burn liquefied natural gas on TOTE&rsquo;s service between the Pacific Northwest and Alaska.

Maersk Line plans to impose a series of general rate increases on its Asia services that will take effect Sept. 1.

Spot rates in the Asia-Europe trade dropped this week, resuming their month-long pattern of declines after last week&rsquo;s rebound.

Hapag-Lloyd and Hamburg Sud will add an eighth container vessel to their Indian Ocean Service linking ports in the Indian subcontinent, the Middle East and Europe.