Container Shipping News

Dandong Port in Northern China will spend nearly $7.1 billion over the next five years to increase throughput some 67 percent at facilities with strong connections in North Asia.

China Shipping Container Lines lost $149 million in the third quarter, as weak rates caused revenue to tumble 36 percent to $1.1 billion.

China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a

Costamare boosted third quarter revenue by nearly 13 percent from a year to $99.9 million, as the Greek container ship owner signed a loan facility that could finance expansion of one of the world&rsq

The volume of containers transported by CSAV in September rose 2.2 percent from August, but dropped by 18.8 percent from a year earlier.

Guangzhou Port Group reported a 24.6 percent year-over-year increase Wednesday in container volume in September, but the Southern China operator said it expects business to contract this month as the

Spot rates for container shipments from Hong Kong to Los Angeles fell to their lowest level in the last 22 months, according to Drewry Shipping Consultants’ weekly benchmark.

Intra-Asia operator Samudera Shipping Line saw its third-quarter profit fall 40.5 percent year-over-year to $

Japan’s NYK Line says container volume from Asia to the United States and Europe fell 10.2 percent from September to August in a

Container freight rates on the Far East-North Europe spot market have dropped below zero after stripping out bunker surcharges, and rates will continue falling as leading carriers engage in a “d

European Union regulators rejected a $230 million restructuring of Sea France, casting doubt over the survival of France’s state-owned freight and passenger ferry company.

Some trans-Pacific ocean carriers are skipping port calls and holding back vessel departures if bookings are weak, illustrating how

DP World’s 10 percent year-over-year boost in container traffic in the third quarter was driven by strong growth at the Dubai-based company’s terminals in the United Arab Emirates, Africa

Horizon Lines is discontinuing its money-losing trans-Pacific service, a route that sought to sail in a niche market underneath the scope of larger container lines by linking the U.S.

Containerized imports into the Port of Seattle plunged 22.6 percent in September over the same month a year ago as a tumultuous month at Pacific Northwest ports brought a meek showing in the midst of

Container Corp.

INTTRA, the e-commerce cargo-booking portal, said its electronic bookings reached a record high in the past two months.

Star Reefers’ loss in the third quarter widened to $14.1 million from $3.7 million a year earlier as the Norwegian refrigerated ship operator faced plunging spot freight rates and high fuel pric

Japan’s exports in September grew 2.4 percent year-over-year, increasing for the second straight month after five months of declines following the catastrophic earthquake and tsunami in March, a

Williiam G. Gotimer Jr. and Mark Tanner have been named co-CEOs of Trailer Bridge, replacing Ivy Barton Suter, who resigned Friday.

For decades, economists have been telling the international trade and transportation industries that Latin America is the region of the future. The future, it appears, has finally arrived.

The Obama administration is moving quickly, by government standards, to reform the regulations that delay outbound shipments or add unnecessary costs to the export process as the White House presses a

With the global shipping industry facing overcapacity, a decision over deployment is hardly an idle question for carriers

The two Class 1 railroads serving the ports of Virginia are playing musical chairs. When the music stops, the big winner will be the Virginia Port Authority.

Latin America’s economies are as varied as the countries’ political and economic foundations.

Latin America was the United States’ fastest-growing partner among the major trading regions during the last decade, according to the Congressional Research Service.

German container carrier Hapag-Lloyd will apply a general rate increase on cargo shipped from East Asia (exclu

China may double its corn imports from the U.S.

The Port Authority of New York and New Jersey reported its busiest month for container imports so far in 2011 in August, but volume at the U.S.

California’s container ports are working overtime to convince cargo interests that Los Angeles, Long Beach and Oakland should be their first choice in the trade with Asia, but the ports’ b

Mediterranean Shipping Co.'s new dedicated service between ports in Northern Europe and the west coast of South America will target Ecuadorian fresh fruit exports.

The Indian Navy thwarted an attempted pirate attack on an Indian-flag oil tanker in the Gulf of Aden, according to the Navy’s Western Command.

Middle East carrier Emirates Shipping Line increased its port congestion surcharges on ocean containers moving through India’s Port of Chennai.

OOCL container volume rose 6.6 percent year-over-year in the third quarter ended Sept. 30, but the Hong Kong ocean carrier’s revenue fell 8.3 percent to $1.44 billion.

International Longshore and Warehouse Union locals in the Pacific Northwest voted to ratify a grain-handlers contract agreement that was tentatively agreed to on Sept.

Horizon Lines’ common stock started trading on the over-the-counter market this week under the ticker symbol HRZL following its trading suspension by the New York Stock Exchange.

Mediterranean Shipping said Wednesday it is awaiting word from Rena vessel owner Costamare and a salvage company as the shipowner’s insurer said it would meet all obligations in the maritime dis

The release of a study showing the St.

International containerized trade through western Japan’s Port of Osaka in the first half of the year surged 15.2 percent year-over-year to 1,054,581 20-foot equivalent container units, accordin

TransContainer, Russia’s largest rail container operator, boosted third quarter traffic by 9.3 percent year-over-year, partly due to 28.7 percent jump in export shipments.