Container Shipping News

Spot rates on the westbound Asia-Europe trade fell for the third consecutive week, indicating vessel overcapacity on the route and weak European import demand are eroding the general rate increases oc

CSX Transportation CEO Michael Ward said he would prefer West Coast port growth to East Coast port expansion, because shipments from the West would less likely be diverted to trucks.

OOCL said it will put a general rate increase into effect on cargo moving in both directions on the trans-Atlantic trade as of July 1.

Nineteen persons have been charged with participation in an international car theft ring that exported stolen vehicles through the Port of New York and New Jersey to various countries, primarily in We

APM Terminals made an unsolicited bid it estimated at between $3 billion and $4 billion to take over the operations of all the terminals owned by the Virginia Port Authority under a 48-year lease.

China will begin to lift its ban on imports of Virginia's hardwood and softwood logs under a six-month pilot project, Virginia Gov. Bob McDonnell said Wednesday.

The crew of a small U.S.-flag Maersk container ship repelled a pirate attack in the Gulf of Oman on Wednesday, the company confirmed.

The state of Virginia is considering a proposal from APM Terminals to take over the operating rights of the Port of Virginia’s marine terminals.

Eastbound trans-Pacific spot rates held steady this week for the fourth week in a row, indicating that carriers are maintaining pricing discipline on

Indonesia plans to build a major new container transshipment terminal designed to offer lines an alternative to Singapore and Tanjung Pelepas in Malaysia.

Divergent demand growth rates between the trans-Pacific and Asia-Europe container shipping trades will emerge as the year progresses forcing carriers to take drastic action or risk losing the gains ma

Norway’s Green Reefers, one of the largest operators of refrigerated cargo ships, is winding up its operations and selling its fleet to its controlling shareholder after its bankers refused to p

APL and Pacific International Lines will launch a new a new joint service linking the Far East and Red Sea next month.

Ocean carriers and shipowners are set to scrap container ships totaling more than 200,000 20-foot equivalent units capacity in 2012, more than twice the capacity sent to breakers’ yards last yea

Damco, the logistics unit of the A.P.

DFDS, Europe’s biggest integrated short sea shipping and logistics company, slumped to a 97 million Danish kroner [$16.7 million] pre-tax loss in the seasonally slow first quarter from a $1.2 mi

Safmarine took delivery of its latest container ship on Monday, the Safmarine Chachai, which was specially built for the African trades by Hyundai Heavy Industries of South Korea.

Hapag-Lloyd will implement a general rate increase on its services from India to Europe and the Mediterranean.

The Antwerp Port Authority has joined a consortium to operate a new rail freight terminal across the border of the Netherlands.

The volume of containers moving through the port of Savannah dropped by 4.2 percent in April from the same month last year and by the same amount from

Mediterranean Shipping Co. will put a general rate increase into effect next month on all westbound cargo shipped from the Eastern Mediterranean to the ports of Arica and Iquique in Chile.

Evergreen Line, Hanjin Shipping and United Arab Shipping Co.

Few industries can match the repetitive practices of automobile importers. “We use the same carriers. We ship to the same destinations.

Ocean carriers are walking a tightrope in the Asia-Europe trades as they prepare to raise freight rates for the fourth time this year in a bid to maximize profits during the peak shipping season.

Russia’s Summa trading and investment group is reported to be close to agreeing on a $1 billion deal to take control of Fesco, the owner of the country’s largest ocean container carrier.

Average spot rates in the westbound Asia-Europe trade fell 4 percent on May 17 from the week before, indicating the most recent general rate increases ocean carriers put into effect on May 1 are not h

OOCL will implement a further general rate increase on the North Europe to Asia trade on June 15.

Maersk Line plans to hike ocean freight rates on South American routes by up to 30 percent this year to stem losses, cover soaring fuel prices and pay for the 16 container ships it ordered for the tra

John Wolfe’s staff at the Port of Tacoma regularly holds stakeholder meetings where it asks terminal operators, longshoremen, carrier representatives and truckers what the port authority can do

Many container ship operators will report losses in the first half of 2012 before bouncing back later in the year, according to a shipping analyst.

HHLA has downgraded its revenue and earnings guidance for 2012 after the port of Hamburg’s biggest stevedore posted a 22.6 percent drop in first quarter operating profit.

The port of Hamburg’s container volume grew 5.2 percent in the first quarter, boosting its Northern Europe market share at the expense of close rivals Rotterdam and Antwerp as surging traffic on

Maersk Line will apply a peak-season surcharge on shipments from India to the U.S. and Canada, starting June 15.

Loaded containers moving through the Los Angeles-Long Beach port complex increased 4 percent in April over April 2011, with imports up 3 percent year-over-year.

A jump in coal shipments helped boost cargo volume on the Saint Lawrence Seaway up 2.2 percent in the first five weeks of the waterway season in 2012.

The schedule reliability of container ships in all trade lanes improved to 72.3 percent in the first quarter of 2012 from 69.4 percent in the last quarter of 2011, according to the latest quarterly Ca

The container volume handled by the Port of Virginia increased 5.2 percent year-over-year in April, to 169,644 20-foot equivalent units.

Jean-Louis Cambon, a prominent campaigner for shippers and a constant scourge of liner conferences, has died after a long illness. He was 59.

MISC Berhad saw revenues tumble in the first quarter following its decision to exit the container business<

Maersk Line slumped to a $599 million operating loss in the first quarter from a $424 million profit a year earlier as collapsing freight rates on the key Asia-Europe route outweighed double-digit gro