Container Shipping News

CMA CGM transferred 50 percent of its shares in the Malta Freeport transhipment hub to the Yildirim Group of Turkey, as French ocean carrier restructures in the wake of its financial crisis.

Green Reefers and Seatrade are pooling their refrigerated cargo ship fleets to combat fiercer competition from ocean container carriers.

Hanjin Shipping reported a third-quarter operating loss of $1.5 million on its container operations as sliding frei

The Shanghai Container Freight Index for Nov. 4 fell 1.4 percent from the week before to a record low, as the Asia-Europe index dropped by 5.5 percent from the prior week.

Expeditors International of Washington improved net profit 11 percent in the third quarter to $106.6 million despite a 4 percent decline in gross revenue in a weakening freight shipping market.

Cargo-handling operations at the Port of Oakland returned to normal Thursday morning following a night of disruptions from the Occupy Oakland movement.

Rotterdam container traffic in the first three quarters of 2011 grew 7.7 percent y

Intermodal rail traffic is maintaining good momentum this autumn even as the international shipping business moving containers on the water remains in the doldrums.

Container throughput in September at the Port of Savannah jumped 13.5 percent sequentially from August and by 11.1 percent year-over-year.

Panalpina reported lower third quarter profit as a strong Swiss franc offset record ocean container volume and strong air freight margins across the Swiss forwarder and logistics group’s global

Revenue at Orient Overseas Container Lines fell 8.3 percent in the third quarter as new capacity helped push average revenue per container down 14 percent from a year ago.

Container volume at West Coast ports declined 2 percent year-over year in September, as a 7 percent drop in imports further reinforced a disappointing

Caribbean carrier Tropical Shipping posted a $3.7 million third quarter operating loss, reversing a $3.6 million operating profit a year earlier, amid weak volume and higher fuel prices, parent compan

Danaos said it took delivery last month of the CMA CGM Bianca, a new containerships with a capacity of 8,530 20-foot equivalent units.

Trans-Pacific spot rates rebounded this week off their 22-month low of last week, rising for the first time in two months, as measured by Drewry Shipping Consultants weekly benchmark.

APL pulled some of its refrigerated containers from service and said Wednesday the remaining stock in its reefer fleet is safe

Hong Kong’s Hutchison Port Holdings won a 10-year concession to develop and operate a container terminal at Unite

Waterfront employers are working with the International Longshore and Warehouse Union to identify and isolate at-risk refrigerated containers arriving at West Coast ports from Vietnam.

Seaspan’s third-quarter loss widened to $122.6 million from $70.9 million a year ago, as the Hong Kong-based charterer was hit by rising operating costs and plummeting

“K” Line added a weekly service called Jaseco-K connecting South Korea, the Philippines and Indonesia as a slot operator.

Longshoremen at the Port of Oakland began refusing to work vessels calling at the TraPac and SSA Marine terminals this week, joining actions that began at the Port of Seattle last week in response to

Evergreen Line is revamping several of its intra-Asian services in November to meet the growth of that trade caused by the free trade agreement between China and the 12 countries belonging to the Asso

Grand China Shipping has become the latest niche carrier to suspend a trans-Pacific service because of deteriorating conditions in the U.S. import trade from China.

Japanese carrier “K” Line reported a loss of $242.7 million in its fiscal first half, primarily because of c

MOL said container shipping losses contributed to a loss of $214.8 million for the six months ended Sept.

NYK said weak rates and a strong yen contributed to a $150.3 million loss for the first six months of its

The overall cost of operating ships is expected to rise by 3.8 percent in 2011 and by 3.7 percent in 2012, according to a new

UK-flagged merchant vessels will be allowed to carry armed guards to combat piracy, the Prime Minister David Cameron said.

NOL Group posted a third-quarter loss of

For a good snapshot of the consumer economy, look no further than the American living room. Chances are, it looks pretty much the same as it did five years ago.

The National Foreign Trade Zone Board soon will publish new rules streamlining government rules for establishing and operating in the zones, the first major overhaul of the regulations governing FTZs

Brooklyn may have a bridge, but unlike four major terminals on the west side of New York harbor, ships don’t have to pass under it to get there.

Cargo owners have begun lodging claims against Mediterranean Shipping Co., the charterer of the grounded Rena in New Zealand.

Containerized imports of toys fell 9 percent in September, their eighth straight month of year-over-year decline, and are unlikely to match 2010 levels, Journal of Commerce Economist Mario O.

The Port of Los Angeles will enforce all concession requirements in its clean-truck program upheld in a recent ruling by the U.S.

Container traffic at Marseilles, France’s largest port, fell 6 percent year-over-year in the first nine months of 2011, largely because of nationwide

Matson Navigation Co. said it has capacity to handle cargo demand to Guam without adding ships in the wake of Horizon Lines’ cancellation of its trans-Pacific service.

U.S. containerized imports rose 1 percent in September as a 25 percent jump in auto parts shipments helped offset declines in toys, apparel, computers, furniture and housewares, PIERS data show.

Cargo owners and insurers that suffered losses in the wreck of the container ship Rena on a reef off New Zealand this month will have to navigate a maze of judicial jurisdictions and conflicting legal

The Port Authority of New York and New Jersey bought out the 10-year lease that American Stevedoring International held on the Red Hook Container Terminal in Brooklyn.