Container Shipping News

Container volume at the Port of Long Beach plunged 20.5 percent in October, reflecting the loss of services by

Norway’s Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year ago, as

Investor Wilbur Ross says the industry is fragmented, leveraged, volatile and ripe for consolidation

Steel shipments in October through the Port of Houston rose 49 percent year-over-year and are up 60 percent year to date, while container traffic was flat last month.

Ocean freight rate volatility is ratcheting up global supply chain costs even when rates head downward, said a DHL Global Forwarding executive.

Cargo shipped on the St.

The 2012 Trans-Pacific Maritime Conference organized by The Journal of Commerce will add a full-day track on refrigerated container transpor

Transportation Secretary Ray LaHood threw his support behind the Port of Savannah’s deepening project and pledged to help Georgia find the needed funding.

A French court rejected a bid by Denmark’s DFDS to take over Sea France and gave the ailing state-owned ferry operator until Jan. 28 to find a new buyer.

U.S.-Puerto Rico carrier Trailer Bridge filed for Chapter 11 bankruptcy reorganization on Wednesday, a day after failing to refinance $82.5 million in bond debt that became due Tuesday.

Spot freight rates for ocean container shipping on the trans-Pacific fell another 4.2 percent in the latest week, the second straight week-to-week drop in a abrupt halt to carrier attempts to pump up

A U.K.

DFDS’s third quarter pre-tax profit surged 48 percent from a year ago to $61 million, as northern Europe’s largest short-sea shipping and logistics company benefited from “undiminish

The container export market out of China could weaken next year with economic recovery in developed countries “uncertain” and the risk of a global slowdown rising, according to Hutchison P

U.S.-Puerto Rico carrier Trailer Bridge said it plans to delay the filing of its third quarter financial report because the company has been focused on efforts to refinance $82.5 million bond debt tha

An International Longshoremen’s Association local has withdrawn its unfair-labor-practice charge against Ya

Long-time APL executive Bob Sappio has joined Alvarez & Marsal, a professional services firm, where he is managing director of its transportation practice, based in San Francisco.

Japanese shipping firms are ratcheting up pressure on the government to revise the nation’s tonnage tax system, claiming the limited application of the tax has put them at a disadvantage amid in

State-owned Shipping Corporation of India swung to a $28.12 million loss in the fiscal second quarter ending Sept.

APL’s container volume grew 5 percent in October from September, while average revenue per container fell for the second straight month as ocean spot rates were squeezed by overcapacity and weak

Merging the container lines of Japan’s top three shipping companies would be a sound strategic and economic move, according to container shipping analyst Alphaliner.

U.S.

David Noe, APL’s long-serving vice president of sales, marketing and customer support in the Americas, died last week in Houston following a protracted illness. He was 50.

The Eurozone’s lurch from crisis to crisis is the prime reason for the soft Chinese export growth piling downward rates pressure on the sluggish Asia-Europe trade lane

Five carriers that operate three joint services between Asia, Mexico and the West Coast of South America plan to suspend one of those services during the slack winter season.

The Japanese economy grew 1.5 percent in the July-September quarter from the preceding quarter, or at an annualized pace of 6 percent, the first growth in four quarters, the Japanese government said.

Ocean carriers serving India’s Port of Chennai said they will consider lifting their bottleneck surcharges if r

Box Ships booked a profit of $5.1 million in the first full quarter since the Greek container ship owner’s initial public offering on the NYSE.

HHLA managed to grow revenue and container traffic in a challenging third quarter, but Hamburg’s biggest stevedore warned of an economic slowdown and rising overcapacity in North European ports.

Rickmers Maritime Trust swung to an $11.1 million profit in the third quarter from a $54.6 million loss a year a

Trying again to stop the erosion of rates that has hit major east-west trade lanes this year, shipping lines in the eastbound Pacific intend to implement interim rate hikes on Jan. 1, 2012.

If there is, as ocean carriers say, too little demand for freight space and too much capacity on the water, Sheila Hewitt is wondering why her shipping customers in the U.S.

Nine months after angry crowds brought down the administration of long-time dictator Hosni Mubarak, political and economic uncertainty hang heavily over the future of Egypt.

Maritime industry employers are working with longshore unions around the country to prevent potentially deadly refrigerated containers from Vietnam from entering the U.S. through seaports.

Short- and medium-term economic forecasts for all of the major countries in the Mideast have been revised downward months after the Arab Spring erupted.

If container lines really start parking ships in significant numbers, it may have more to do with 2012 than with their dismal financial results this year.

ABF Freight System is extending its move toward international business with a less-than-containerload ocean offering the carrier will combine with its U.S.

Three major Chinese solar manufacturers are trimming shipment expectations for the rest of the year as a slowing global economy drains demand and proposed

U.S.

Billionaire Wilbur Ross, who has profited from investments in distressed industries such as steel and textiles, is putting money into ocean transportation but isn’t ready yet to plunge into cont