Container Shipping News

Maersk Line will remain in the red this year after slumping to a $602 million loss in 2011 from a record $2.6 billion profit in 2010, said A.P.

Drewry Shipping Consultants estimates the international shipping industry contributes about 3.3 percent of the world’s carbon dioxide emissions, part of an enormous impact from global freight tr

After three years of boom and bust, Chile’s CSAV hopes a new business model and $1.2 billion in fresh capital will provide smoother sailing for South America’s largest container line.

A decade ago, Hapag-Lloyd operated in the rarefied air along with the world’s most profitable global ocean carriers.

OOCL will implement a general rate increase on trans-Atlantic cargo moving via Canadian ports, starting April 1.

Hapag-Lloyd plans to make Baltimore its first westbound call in the U.S. on its weekly Gulf of Mexico Express from North Europe to U.S. and Mexican Gulf ports.

Maersk will raise its rates on containerized shipments from India to South Africa, starting March 12.

You wouldn’t think the country has been skirting along the fragile edge of an economic downturn by looking at business at many of the large Gulf ports.

Alabama’s Port of Mobile has turned out to be the perfect match for German steel manufacturer ThyssenKrupp.

Maersk Line will hike westbound rates on the Asia-Europe trade lane a further $400 in April, as the world’s largest carrier announced on Friday the second rate increase of the year on the depres

Small exporters will be among the most to benefit from the charter renewal of the Export-Import Bank of the United States and the most to suffer if Congress fails to act soon, leaders of the National

U.S. steel imports in January jumped 20.2 percent from a year earlier amid a strengthening economy and rising demand from steel users.

The state of New York has backed away from plans to impose stringent ballast-water standards that industry officials said threatened vessel commerce to New York-New Jersey container terminals and the

The Federal Maritime Commission underestimated the magnitude of rate volatility in the Europe-Asia trade when it assessed the effects of the European Union’s repeal of carrier antitrust immunity

An MOL container ship collided with another container ship owned by Cosco on Wednesday southeast of Hong Kong.

Diana Containerships booked a profit of $1.3 million in the fourth quarter of 2011 against a year-earlier loss of $15,600, and the Greek shipowner forecasts an improved performance in 2012 because of

Spot freight rates on the westbound Asia-Europe trade lane rose 3 percent this week from the week before after Maersk Line announced plans to reduce vessel capacity on the route by 9 percent.

OOCL and Regional Container Lines are teaming up to start a vessel-sharing service between China and Thailand in March.

The decision by Maersk Line not to exercise an option to order another 10 mega-containerships with capacities of 18,000 20-foot equivalent units was no surprise considering overcapacity on the Asia-Eu

NOL Group renewed its contract with Union Pacific for U.S. rail transport of containerized cargo carried by APL, it liner shipping business.

Weak volumes to Europe and the Mediterranean caused U.S.

APL’s parent NOL Group lost $478 million last year, reversing a $461 million profit in 2010, as high fuel costs and lower freight rates produced “disappointing” results for the conta

Danaos reported net income of $9.1 million in the fourth quarter of 2011 against a year earlier loss of $8.9 million, but the Greek containership owner warned the rising number of laid-up vessels will

Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15.

International container volume at the Port of Tacoma in January increased 8 percent year-over-year, as imports surged 12.4 percent at the Washington state port.

A bitter diplomatic confrontation appears to be brewing between India and Italy over the arrest of two Italian armed ship guards in Cochin who are accused of killing two Indian fishermen.

China plans to spend $3 billion to build a three-pier terminal in a special economic zone bordering North Korea and a 34-mile cross-border railroad linking the port to the Chinese northeastern city of

U.S.

Diana Containerships said it took delivery on Feb. 17 of the APL Sardonyx, a container ship with a capacity of approximately 4,750 20-foot equivalent units.

Mediterranean Shipping is set to significantly increase its share of Asia-Europe container traffic in 2012 at the expense of market leader Maersk Line, according to Alphaliner.

Mediterranean Shipping announced it will increase all freight rates on its eastbound service from Asia to the U.S. and Canada on March 15.

A moratorium on newbuilding orders and an end to the battle for market share between shipbuilders are needed to combat the oversupply of capacity, said Spyros Polemis, chairman of the International Ch

Middle East carrier United Arab Shipping imposed a two-phase general rate increase on trades from Asia to the U.S. East Coast.

Indian authorities on Sunday arrested two armed security guards aboard an Italian merchant ship who are accused of killing two fishermen off the country’s southern coast of Kerala on Feb.

Then the world’s largest ocean carrier launched its Daily Maersk service last fall, it set in motion a series of events that are radically transforming the world’s largest and most deeply

A funny thing happened on the way to the 2014 completion of the new Panama Canal locks. The volume of containers moving from Asia to U.S. East Coast ports via the Suez Canal took off.

Shippers and carriers view this year’s East and Gulf Coast longshore labor negotiations with a sense of trepidation and an eye on the calendar.

East Coast container trade volume rose 5.5 percent in the first 10 months of 2011 compared to the same period in 2010, to 10.8 million 20-foot equivalent units, and outperformed the total U.S.

When project logistics company Agility released its Emerging Markets Logistics Index 2012, 10 of the top-ranked countries hailed from the world’s poorest continent.

The Federal Maritime Commission, in perhaps the most extensive study in its 50-year history, concluded the European Union’s 2008 repeal of antitrust immunity on liner conferences had minimal imp