Container Shipping News

There were 36 percent more international pirate attacks in the first half of 2011 compared to the same period in 2010, but Somali pirates’ hijacking success has fallen.

Containerized imports at the Port of Long Beach increased 3.5 percent in June over the same month a year ago, the slowest rate since March, and fell back 1.5 percent from May, according to port figure

California’s exports increased 10.5 percent in May, marking the 19th consecutive month of year-over year gains in the export trade.

Japanese trading house Mitsui & Co. said Wednesday it will launch a tender offer for Portek International.

Hamburg Sud will cut one of the services it operates between North Europe and the eastern Mediterranean in another sign of weakening trading conditions on one of the Asia-Europe trade lanes.

Truckers are checking in ocean containers at a Hamburg terminal in an average of 130 seconds thanks to a recently installed self-service system designed to cut down waiting times at Germany’s la

Container ship owner-charterer Box Ships Inc. will buy a Panamax vessel with capacity for 5,060 20-foot equivalents under an agreement with an unaffiliated third party.

Safmarine Container Lines and sister carrier Maersk Line will introduce a weekly loop this month, called the Rumba/Prime 4 service, between the Indian subcontinent, the Middle East and the east coast

Zim Integrated Shipping Services is postponing by a month the implementation of the general rate increase it planned to apply July 1 on the Asia-Europe trade.

Spot container freight rates from Asia to the United States plunged dropping 6.7 percent over the past week, a new sign that excess vessel capacity is eroding rates, according to Drewry Shipping Consu

The World Shipping Council and regulators in Japan say their joint plan on vessel efficiency would set fees for operators of ships that do not meet new environmental and energy standards.

The Containership Company's bankruptcy trustee is seeking $25 million in liquidated damages from approximately 80 shippers who failed to fulfill their cargo commitments with the short-lived trans-Paci

Trade and transportation groups in Southern California are urging the Port of Long Beach not to transfer $16.9 million in harbor rev

The Graig Group, a charter shipowner based in Cardiff, Wales, placed orders for a series of up to 26 fuel-efficient container feeder ships that will be built at the Jin Hai shipyard complex in China.

Switzerland-based Kuehne + Nagel was the largest international forwarder in 2010, handling of nearly a 10th of the world’s air and sea freight business by revenue, according to Transport Intelli

Import cargo volume at the busiest U.S.

The top 20 ocean container carriers boosted their combined world market share to a record 84 percent in July, according to Alphaliner.

Moody's Investors Service set a negative outlook for the shipping industry over the next 12 to 18 months on Tuesday, saying the business from container carriers to bulk operators is facing overcapacit

U.S.

Container shipping volume through major Indian ports increased 3 percent in the fiscal first quarter from a year earlier, the Indian Ports Association reported on Monday.

Global container volume will rise during the second half of this year but weak inventory restocking will produce a summer-fall peak season “unlikely to inspire” higher rates, Macquarie Equ

Containerized export volumes are growing faster than imports in trans-Pacific trade lanes this year, fueled by surging exports of cotton, wastepaper and logs.

The Federal Maritime Commission will discuss a proposal to increase the PierPass traffic mitigation fee to $60 per TEU when it meets July 13.

Orient Overseas Container Line has advised its customers that its previously announced peak season surcharges in the eastbound Pacific will be delayed until Aug. 1.

Singapore terminal operator PSA International said Friday it will manage a new container terminal in Cuba, currently under construction in the port of Mariel on the island’s northern coast.

Container ship operators are scheduled to take a record amount of new capacity in 2012, with deliveries set to expand capacity some 9.5 percent over available space this year, according to Braema

Chilean carrier CSAV has raised $430 million of $500 million in additional capital from shareholders, and expects the rest to be fully subscribed.

Startup carrier American Feeder Lines’ first ship will depart Halifax, Nova Scotia, on Friday to begin a service its backers hope will develop into a network of routes covering the Atlantic and

Ocean carriers in the New World Alliance will suspend a trans-Pacific service this month due to slowing demand for retail merchandise and reductions in inventory replenishment in the U.S.

A five-day-old trucker strike at India's Vallarpadam International Container Transshipment Terminal ended late Wednesday following talks between union leaders and terminal operator DP World.

Temasek Holdings, the Singapore government-owned sovereign wealth fund, rode higher contributions from portfolio companies that include Neptune Orient Lines, PSA International and Singapore Airlines t

CMA CGM has started providing intermodal rail service between the Belgian port of Zeebrugge and the tri-modal hub in Duisburg, Germany.

Hanjin Shipping raised $150 million Wednesday from the sale of five-year convertible bonds that it plans to use for general corporate purposes.

A tanker carrying about 1 million barrels of fuel oil is on fire Wednesday off the coast of Yemen after pirates used a rocket-propelled grenade to attack the ship in the Gulf of Aden.

The Long Beach City Council, brushing off strong opposition from shipping lines and terminal operators, voted to ask the Board of Harbor Commissioners to transfer $16.9 million of harbor revenue to th

OOCL plans to stop providing chassis on Sept. 1 at six additional port and inland locations in the East and Midwest, including the Port of Charleston, S.C.

A.P.

Econocaribe Consolidators is introducing a new function on its website that enables shippers to track and trace full containerload shipments in real time through “track and trace EDI” (ele

CMA CGM will launch of a new service this month connecting Asia, the Fiji Islands and New Zealand effective July 18.

Smaller vessel operators could be forced out of Asia-Europe container trade lanes as the deployment of ultra-large container ships puts more pressure on freight rates and the bottom line, according to