Container Shipping News

Asia-to-U.S.

European Union regulators approved a $41 billion state-funded bailout for Germany’s HSH Nordbank, the world’s biggest shipping bank.

Standard & Poor’s revised its outlook for Hapag-Lloyd from “stable” to “negative” but confirmed the German ocean carrier’s BB+ credit rating.

Japan’s exports grew for the first time in August on a year-over-year basis since the catastrophic earthquake and tsunami hit the northeastern part of the country on March 11.

The global container shipping industry lags behind many other industries in establishing a set of key performance indicators to measure elements that are critical to shipping customers.

Housing starts fell 5 percent in August to a seasonally adjusted 571,000 annual rate that’s less than half the 1.2 million that economists say reflects a healthy market.

Costamare bought two second hand vessels for $90 million and extended the charters on six other ships in the Greek containership owner’s 49-vessel fleet.

Hapag-Lloyd will discontinue calling at congested Nhava Sheva (Jawaharlal Nehru Port), India’s largest container gateway, and instead will call on Mundra, a privately owned port.

Japanese export ship orders fell for the fourth straight month in August on a year-over-year basis, plunging 74.4 percent to 346,300 gross tons, according to the Japan Ship Exporters’ Associatio

Hapag-Lloyd is postpoining by a month the implementation of the general rate increase it planned to apply Oct. 1 on shipments from Canada to destinations in the Indian subcontinent.

The owners and operators responsible for a ship that spilled 53,000 gallons of oil in the San Francisco Bay in 2007 agreed on Monday to a $44 million settlement with federal, state and local agencies.

Import cargo volume at the busiest U.S.

U.S. containerized exports in July rose 4.8 percent from a year earlier, boosted by double-digit gains in wastepaper, scrap metal and logs and lumber, PIERS data show.

Cargo shipped on the St.

Import volume at the Port of New York and New Jersey grew 6.7 percent in July on a month-to-month basis to the highest point of 2011 although container volume fell back compared to last summer’s

Gulftainer, the Middle East’s largest private port operator, plans to invest $275 million to co-develop and operate a multipurpose cargo terminal at the Russian Baltic port of Ust-Luga

The GAC Group promoted Stuart Bowie to managing director of the company’s Dubai office, and Gurmurthi Shankar will succeed him as sales director.

Vehicle shipments through the Port of Baltimore rose 12 percent to a record 270,700 units during the first six months of this year, the Maryland Port Administration said.

Construction of the Maersk Illinois is nearing completion in China.

When Eastern Shipbuilding struck a deal with a company in Brazil more than two years ago that would bring in millions of dollars in new business, the Panama City, Fla., shipyard applied to the U.S.

APL’s container revenue and volume were virtually unchanged in August from July, despite imposing trans-Pacific peak season surcharges through half the month, parent company NOL Group said.

Hamburg Sud christened the Santa Catarina, the fifth of 10 ships with capacities of 7,100 20-foot equivalent

President Obama on June 23 announced the sale of 30 million barrels of crude oil from the Department of Energy’s Strategic Petroleum Reserve.

Tropical Shipping said Friday it will implement a planned peak surcharge on container shipments from the U.S. and Canada to the Caribbean, starting Oct. 9.

U.S. consumer sentiment edged up early this month but remains at recession levels, according to the monthly Reuters/University of Michigan index.

The Port of Guangzhou’s cargo traffic in the first seven months of the year rose 16 percent year-over-year, as the port complex benefited from Maersk Line using it as a gateway to South China.

Maersk Line is restructuring its Asia-Mediterranean service network, effective mid-September, enhancing port coverage and reducing transit times on the route.

The 250-member Panama Canal Pilots Union will affiliate with the International Longshore and Warehouse Union, extending the reach of the powerful West Coast dockworkers’ union to Panama three ye

Bob Sinner’s family has been growing wheat in North Dakota’s Red River Valley for five generations, first, for the ever-expanding U.S. population, but increasingly for Asia.

A federal court judge in Tacoma Thursday found the International Longshore and Warehouse Union in contempt of court for vandalizing the new EGT grain export terminal in Longview, Wash., during the uni

Much of what it will take for the Port of Jacksonville to realize its goal of becoming a top East Coast port is out of the port’s hands.

Workers at India’s Port of Chennai launched a wildcat strike Thursday morning to protest the death of a colleague in a dockside accident, local shipping circles said.

If Maersk Line’s latest bid to muscle aside competition for shipper business is to succeed, the carrier will have to do it on the world’s toughest trade route.

The Port of Mumbai extended by six months its concessions on container stuffing and de-stuffing charges to boost container throughput, as India’s once busiest container port tries to reclaim bus

MCC Transport may expand its presence in Asia’s cabotage market after purchasing its third vessel this year, increasing the Intra-Asia carrier's fleet to 56 charter ships.

Hapag-Lloyd is ruling out an initial public offering in the next 12 to 15 months, according to the German ocean carrier’s majority shareholder.

NYK Line will quit providing free intermodal chassis in the Northeast region, including the Port of New York an

Falling air freight rates are dampening demand for combined use of ocean and air transport to ship goods from Asia to Europe, says a GAC executive, as forwarders and shippers increasingly take the str

Import volume at the ports of Los Angeles and Long Beach signaled weak demand heading into the peak fall shipping season in August, falling 9.4 percent compared to last year and slipping sequentially

Mediterranean Shipping Co. will begin weekly service at Alabama’s Mobile Container Terminal, according to the Mobile Press-Register.