Container Shipping News

2011 was a year of contrasts in the Asia-U.S. trade. U.S.

The Abu Dhabi Port Co. plans to open a port with an initial annual capacity of 2 million 20-foot equivalent units in the United Arab Emirates in late 2012.

At times, it seems the only thing shippers, forwarders and carriers share is a common mantra: They say they want to talk about service quality but complain their counterparty is only interested in pri

It’s fine to have an opinion but better to base the opinion on facts, especially if millions of dollars are at stake.

Hanjin Shipping joined other carriers on Friday in announcing a second round of freight rate increases on its westbound Asia-Europe service, this time as of April 1.

An “unidentified” merchant ship collided with an Indian fishing trawler early Thursday about 15 nautical miles off the country’s southern coast of Kerala, leaving two fishermen dead

OOCL says it will increase freight rates on cargo moving to Australia from Southeast Asia, including from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian subcontin

A.P. Moller-Maersk appointed Robert Uggla chief executive of its Svitzer tugboats subsidiary.

A key Asia-Europe freight index has soared 114 percent in the past week, boosting carriers’ hopes steep rate hikes introduced Thursday will stick even as cargo growth slows on the world’s

Hanjin Shipping will take delivery on April 1 of the first of the five huge post-Panamax ships it ordered in June 2011 with capacities of 13,000 20-foot equivalent units.

DFDS grew 2011 pre-tax profit by 36 percent from a year ago to a record $133 million, but the company expects higher oil prices and tougher competition on North Sea roll-on, roll off routes to push do

Martin Seig has been named global head of ocean freight at Damco, the logistics and forwarding unit of A.P. Moller-Maersk.

Container ship owner-charterer Seaspan reported $35.5 million in normalized net earnings for the fourth quarter, a 31.5 percent increase from a year earlier, and authorized the repurchase of up to $50

The captain and navigating officer of the Rena container ship that ran aground Oct. 5 on a New Zealand reef pleaded guilty to a series of charges Wednesday.

Jones Act carriers say they are ready to haul oil from the Strategic Petroleum Reserve if President Obama decides to tap the Gulf Coast supply to dampen high fuel prices.

Hyundai Merchant Marine plans a general rate increase effective April 15 for shipments from the U.S. and Canada to Argentina, Brazil, the Dominican Republic and Uruguay.

Logistics provider De Well Group plans to market and sell ocean container capacity available through the JOC Exchange, an online private marketplace for shipping customers.

Damco, the logistics and forwarding unit of A.P. Moller-Maersk, posted a 29 percent increase in profit last year as revenue and margins rose.

Mediterranean Shipping became the second carrier after Maersk Line to announce a second rate hike this year of $400 per 20-foot container on the westbound leg of the Asia-Europe trade.

West Coast ports could see a diversion of cargo from East and Gulf Coast ports this year if contract talks between waterfront employers and the International Longshoremen’s Association become he

Average eastbound trans-Pacific spot rates fell 1.8 percent this week, as slack seasonal demand further undermined the rate increase that carriers implemented as of Jan. 1.

APM Terminals plans to invest about $3 billion in infrastructure development and expansion of its global network of terminals in 2012, the Hague-based terminal operator said Tuesday.

Container ship lines in the Westbound Transpacific Stabilization Agreement have announced rate increases for dry cargoes as they try to stem losses in the U.S.-Asia market.

Containerized imports to major North Europe ports dropped by nearly 7 percent in the fourth quarter and are expected to rise less than 3 percent in the current quarter, according to the North Europe G

Orders for U.S. durable goods fell 4 percent in January, the biggest decline in three years, following the expiration of a tax break on equipment purchases.

Samudera Shipping Line’s profit last year rose 33.8 percent year-over-year to $12.6 million, as the Singapore-listed carrier’s expansion in Indonesia domestic shipping helped offset a down

Malaysian shipping group MISC Berhad blames its withdrawal from container shipping for a $405 million loss in the nine-month period ended 31 December.

Operations at the Port of Jawaharlal Nehru (Nhava Sheva) were severely disrupted Tuesday after dock workers at India’s largest container gateway joined a 24-hour nationwide general strike.

South Carolina Gov.

Four ocean carriers are teaming up to jointly launch a new service between ports the U.S. East Coast and Brazil in March.

Forecasters surveyed by the National Association of Business Economics show growing optimism about the U.S.

Electronic container cargo booking in 2011 outpaced overall industry volume growth by nearly four-fold, according to figures released Monday by INTTRA, an electronic booking portal for the container s

APM Terminals profit declined 18 percent in 2011 to $649 million from $793 million a year ago, but the container terminal operator expects gains in market share will improve results in 2012.

CMA CGM will trim its network of all-water services between the Far East and the U.S. Gulf and East Coast at the end of March.

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.