Container Shipping News

Hapag-Lloyd will impose a new round of general rate increases on its East Asia services, which will take effect in June.

NYK Line (North America) said it would quit providing chassis to customers in the Tacoma-Seattle-Portland market, effective July 1.

The Port of Long Beach launched construction of its $1.2 billion Middle Harbor project, which the port and Orient Overseas Container Line say will be the most automated container terminal in North Ame

Dockwise, the Dutch heavy-lift operator, made an unconditional mandatory takeover offer for its Norwegian rival Fairstar.

Ocean carriers’ bid to levy peak-season surcharges in Asia-Europe trades in June risk unraveling amid increasing signs of rate cutting, Alphaliner says.

European Union naval forces said they conducted their first air strikes on a land base used by Somali pirates.

Hanjin Shipping has joined its liner competitors in announcing a peak-season surcharge on westbound Asia-Europe shipments starting June 1.

Container traffic through India’s major ports fell 2.4 percent year-over-year in April, the first month of fiscal 2012-13, according to latest traffic figures released by the Indian Ports Associ

A Mediterranean Shipping Co. vessel appears to be undergoing repairs after an onboard explosion rocked the 900-foot container ship roughly 70 miles north of San Juan, Puerto Rico.

Global Ship Lease&rsquo;s first quarter net income fell to $8 million from $10.8 million a year ago as the NYSE-listed container ship owner&rsquo;s revenue dipped to $38.4 million from $39.1 million.<

U.S. poultry exports in the first quarter set records for quantity and value, according to the U.S. Foreign Agricultural Service.

The Port of Virginia will gain a &ldquo;first-in&rdquo; vessel call in June when MOL will begin making weekly calls at Norfolk International Terminals with its new all-water service between the Far Ea

Pirates hijacked a Liberian-flag oil tanker with 26 men on board in the Arabian Sea off the coast of Oman on May 10.

After non-vessel-operating common carriers enjoyed a growth spurt during container shipping&rsquo;s 2009-10 bust and recovery, some wondered whether they could hold their share in a less volatile mark

Shipping lines that call at U.S.

Singapore-based ocean carrier APL temporarily suspended &ldquo;acceptance of shipments&rdquo; to and from the Port of Aden, Yemen.

Europe&rsquo;s roll-on, roll off shipping sector is refusing to allow the continent&rsquo;s deepening sovereign debt crisis derail its drive to cut costs, boost efficiency and achieve sustainable long

Hanjin Shipping&rsquo;s container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates offset a 7.4 percent increase in container volume.

Norway&rsquo;s Wilh.

Freight rates on westbound trades from Asia to Europe will go up June 1 following peak-season surcharge announcements by major ocean carriers.

Mitsui O.S.K. Lines announced a new service to Seattle with its New World Alliance partners.

Chilean carrier CSAV said its first quarter loss on continuing operations narrowed to $175 million from $213 million a year ago, but that rising rates improved results toward the end of the quarter.

Average spot rates in the Asia-Europe trades eased on May 10 after their 19 percent jump last week following carriers&rsquo; general rate increase on May 1.

Matson Navigation Co.&rsquo;s first quarter profit from continuing operations rose to $8.1 millio

A sharp deceleration in imports pulled India&rsquo;s trade deficit in April to its lowest level in a year despite 3.2 percent year-over-year growth in exports.

Shippers who want reliable services at consistent prices should sign long-term deals with shipping lines, an MOL executive says.

Greek container ship owner Costamare boosted first quarter income 37 percent from a year ago to $24.5 million as charter revenue grew to $100 million from $86 million.

Greek container shipowner Danaos reported first quarter net income surged 72 percent from a year ago to $9.34 million as charter revenue grew 35.6 percent to $134.2 million.

German ocean carrier Hapag-Lloyd&rsquo;s first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7 million) a year ago as lower freight rates and higher fuel

BLG Logistics pre-tax profit soared more than 42 percent in 2011 from the previous year to 48.5 million euros ($63 million) as the Bremen-based stevedore&rsquo;s revenue topped 1 billion euros ($1.3 b

Global container terminal operator International Container Terminal Services, Inc., booked

Horizon Lines said its first quarter loss on continuing operations narro

Imports at Europe&rsquo;s largest container ports declined 1.1 percent in the first two months of this year as economic problems cut into demand, according to Global Trade Tracker&rsquo;s Northern Eur

Singapore-based NOL Group reported a $254 million first quarter loss despite cost-cutting and rate increases in March, and said high fuel costs and excess capacity will continue to challenge container

United States Maritime Alliance Chairman and CEO James Capo said he is &ldquo;very hopeful and even cautiously optimistic&rdquo; that management and the International Longshoremen&rsquo;s Association

Hapag-Lloyd will raise its freight rates on major trade lanes as part of a new rate restoration program.

The CKYH alliance will restructure five of its current all-water services from Asia to the U.S. East Coast this month.

Shipping lines in the eastbound Pacific are counting on a strong peak season this summer and fall to support a proposed peak season surcharge of $600 per 40-foot container.

Trans-Pacific carriers announced proposed rate increases of $300 to $400 per 40-foot container unit, effective July 1, on shipments of frozen and chilled beef, pork and poultry shipments exported from

Textainer Group, the world&rsquo;s largest intermodal container lessor, reported first quarter net income