Container Shipping News

Seaspan cut its loss to $34.9 million in the second quarter from the $121.8 million loss the independent

CMA CGM high-yield bonds dropped sharply in Europewan trading on Wednesday after it reported a lower-than-expected liquidity figure, and reports circulated that it may breach some of its loan agreemen

Growth in U.S. containerized imports slowed to 4 percent in the second quarter after rising 9 percent in the first three months of 2011, according to Journal of Commerce sister company PIERS.

Yang Ming and OOCL plan to merge their two China-India-Pakistan services (CPX and CIS 2) into a single loop called CPX, according to Alphaliner.

Several financially strong companies, mainly in Asia, are poised to break into the global container terminal market, challenging the established operators that dominate the industry, according to a ne

Container ship owner-charterer Seaspan took delivery of its 63rd vessel, a 4,500 twenty-foot-equivalent unit ship chartered to “K” Line.

Vessel owner-charterer Diana Containerships said its second-quarter loss narrowed to $600,000 from $1.7 million a year ago, as time-charter revenue increased to $4.2 million from $1.3 million within t

The German twin ports of Bremen-Bremerhaven boosted first half container traffic by 25 percent from a year ago, outpacing growth of their North European rivals.

The average spot rate for shipping a container from China to the U.S. West Coast fell 6.8 percent to its lowest point in 20 months in the past week amid slumping U.S.

The Western India Shippers Association says shipping lines and the Indian government share responsibility for the congestion and delays blighting operations at India’s largest container gateway.

Zim Integrated Shipping Services imposed a peak season surcharge on westbound cargo moving from Asia and the Indian subcontinent to West Mediterranean, Adriatic and North Europe destinations, staring

U.S.

India’s exports surged 46.45 percent year-over-year to $29.21 billion in June, as fears grow that the uncertainty in the U.S.

Active container ship capacity around the world is up 10 percent over the past year, running ahead of cargo d

Wallenius Wilhelmsen Logistics announced changes on Tuesday in its North American management team.

U.S. West Coast ports registered a modest increase of 5 percent in total loaded containers during the first six months of 2011 compared to the same period last year.

General Electric and a partner sold shipping container lessor GE SeaCo to HNA Group and Bravita Capital for $1.05 billion, as the Chinese transportation group grows its container shipping portfolio.

APM Terminals said productivity of cranes at its container terminal in Apapa, Nigeria, has risen 25 percent in the past twelve months, and berth productivity is 50 percent higher than a year ago.

In the seven years since the U.S.-Chile free trade agreement took effect, U.S. exports to the South American country spiked more than 300 percent, while U.S. imports grew a more moderate 90 percent.

Finnlines reported first half operating profit fell 9 percent from a year ago due to Finnish port strikes, severe ice conditions in its core Baltic Sea market and high fuel prices.

INTTRA, the ocean container shipping technology platform, is introducing a system that automates the process of comparing invoices and managing billing disputes.

CMA CGM, trying to boost pricing on the beleaguered westbound shipping out of Asia, will apply a general rate increase on cargo moving on its Epic Service from India to Europe and the Mediterranean, s

Mark David, sales manager of Saratoga Honda, normally gets 115 to 150 new Hondas a month to sell to customers in this upstate New York resort town.

An International Longshore and Warehouse Union protest at the Port of Longview, Wash., entered its third week on Friday, with picketers demonstrating in front of the EGT grain export terminal over the

Many shippers are avoiding moving cargo through the Port of Jawaharlal Nehru (Nhava Sheva), as some face delays of up to 10 days because of congestion recently exacerbated by crane installation.

CMA CGM and Chilean carrier CSAV will jointly operate a direct container service between Asia and West Africa, starting early next month.

Horizon Lines lost $7 million in the second quarter compared to a $4.1 million profit in the same period a year ago, as the U.S.

Container volumes through South Korean ports rose 10.5 percent to a record 10.5 million 20-foot equivalent container units in the first half of the year compared to the same period a year ago.

Japan’s Kawasaki Kisen Kaisha ("K" Line) expects to suffer a group operating loss of $64.10 million fiscal 2011, which began April 1, compared with a group operating profit of $751.4 m

Maersk Line announced a general rate increase on westbound cargo moving from India and Sri Lanka to West Africa

With the installation of a single turbine at a dock on the lower Mississippi River, a renewable energy company is taking a big step toward what could be an unending power source.

Resins are the unchallenged king of the Houston container market, but there are millions of reasons that could change in the years ahead.

Japan’s Mitsui O.S.K.

Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) lost $91.68 million on a consolidated basis in the first quarter of fiscal 2011, which started on April 1, compared with a net profit of $294.79

Truckers that dray containers to and from many of the ocean terminals in the Port of New York and New Jersey say there aren’t enough chassis available in the ocean carriers’ chassis pool t

Harold Daggett took over as president of the International Longshoremen’s Association on Thursday with a vow to fight automation, increase organizing and research activities, aggressively enforc

MOL is doubling the capacity of its CX1 feeder service running between Panama and Manaus, the Brazilian manufacturing center 800 miles up the Amazon River.

Greek containership owner Costamare increased its profit 24.7 percent year-over-year to $26.2 million in the second quarter.

Three major ocean carriers are hiking rates on westbound shipments from India to Europe, starting in early August.

The Commonwealth of Virginia is offering shippers a tax credit for moving containers off the highways to the marine highway or railways, Virginia Secretary of Transportation Sean Connaughton said Tues