Container Shipping News

Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to conta

Import cargo volume at the nation’s major container ports is expected to increase 3.2 percent in April compared to the same month last year, and year-over-year gains should continue through the

Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced further rate hikes for dry

The U.S. auto trade is undergoing a sea change as the import share of the domestic market is set to level off in the next few years and exports of U.S.-made cars rise.

The Korean hub of Busan saw total container traffic expand 13.7 percent in February compared to a year earlier.

CMA CGM will raise its rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting May 1.

The number of foreign trade containers handled by the Port of Osaka in western Japan rose 9.8 percent in 2011 from the previous year to a record high of about 2.17 million twenty-foot equivalent units

The reintroduction of idled container ships is the biggest threat to a l

Container throughput at India's major ports grew 3 percent year-over-year in fiscal 2011-12, which ended March 31, the slowest growth rate in three years.

Mediterranean Shipping Company will seek a general rate increase on westbound trade from India to North Europe

U.S.

Hapag-Lloyd will impose a peak-season surcharge on eastbound trades from North Europe and the Mediterranean to the Indian subcontinent.

Spot freight rates in the Asia-Europe trade jumped 28 percent this week as the general rate increases imposed by carriers on April 1 took hold, only

INTTRA will provide ocean shipping planning, management and optimization services to the freight forwarding group WCA Family under a strategic alliance announced Thursday.

The Panama Canal’s new locks will probably not be ready for their scheduled opening in October 2014, but will be ready for a trial run by a vessel in December, said Jorge Quijano, the engineer i

More modern vessels and slow-steaming will help Singapore container line APL cut carbon exhaust emission by 30 percent by 2015, the carrier says.

Israel Corp.

APL will raise its rates by $450 per 20-foot container on westbound trades from Asia to Europe, starting May 1.

The volume of containers through India’s Port of Jawaharlal Nehru (Nhava Sheva) hit an &ldqu

The number of foreign trade containers handled by the Port of Tokyo rose 8.6 percent in 2011 from the previous year to a record high of about 4.144 million 20-foot equivalent units.

Italy’s antitrust authority fined 15 liner shipping agents and two trade associations a total of more than $5.3 million for fixing prices in the Port of Genoa.

Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container terminal at the Southern California port.

The construction of the new third set of locks at the Panama Canal is behind schedule by seven months, but the other seven major components of the canal expansion are ahead of schedule, so the overall

Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court’s approval last month.

Ocean carriers succeeded in raising freight rates on the headhaul legs of the Asia-Europe and trans-Pacific trades in the last month, but their results are likely to be weak in the first quarter befor

OOCL is joining other major container ship operators in seeking a second general rate increase this year on Asia-Europe services.

Global freight volume remains below pre-recession levels in the U.S.

Philippine terminal operator International Container Terminal Services is buying a minority stake in a terminal in Pakistan’s largest port, Karachi.

Container volumes at West Coast ports declined 4 percent in February compared to the same month last year, due to an 11 percent drop in imports.

Roy Amalfitano has been named president of Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen Line.

Evergreen Marine swung to a $105 million net loss last year as weak rates plunged the company into red ink during the fourth quarter.

Maersk has continued its global round of freight rate hikes by boosting levies on its services into the U.S.

Japanese shipping giant MOL believes the current cross-sector shipping recession is without historical precedent.

The Port of Jacksonville will handle exports of the new 2012 Honda CR-V that is being manufactured at the Honda plant in East Liberty, Ohio.

China Shipping Container Lines said weak rates and high fuel costs contributed to a net loss of 2.74 billion yuan ($428 million) last year, compared with a $667 million profit in 2010.

U.S. containerized imports declined 5.8 percent in February, the first year-over-year drop in four months, PIERS data show.

Hamburg lawmakers approved a $562 million investment in Hapag-Lloyd that makes the city state the biggest shareholder in the German ocean container carrier.

HHLA, Hamburg’s biggest stevedore, said it expects to boost its container traffic by 5 percent in 2012 and take market share from its slower growing North European rivals for a second straight y

When the president of the West Coast dockworkers’ union pledged full support to the International Longshoremen’s Association in this year’s contract negotiations, many shippers and c

Stories of mob connections, excess staffing and $400,000-a-year dockworker pay at the New York-New Jersey port got a fresh airing from the Waterfront Commission of New York Harbor just days before the