Container Shipping News

Neptune Orient Lines confirmed Monday contracts with two Korean shipyeards to build 12 container vessels, including 10 of its largest and most efficient vessels.

Container volume at APL rose 7 percent in the four weeks ending June 3 over the same period last year, but parent Neptune Orient Lines said average revenue per container fell 8 percent in a weak envir

Marine terminal operators at the Los Angeles and Long Beach ports are delaying a $10 per-container TEU increa

After steady growth earlier in the year, container shipping demand from Asia to the United States tailed off in June, according to a Maersk Line executive.

When Hurricane Katrina barreled into Gulfport in August 2005, the 24-foot surge all but destroyed the Mississippi port’s container and bulk terminals, decimating 700,000 square feet of warehouse

When Maersk Line CEO Eivind Kolding this month issued his provocative call for radical changes in the way the global container industry operates, one of his three main points was the need for containe

Horizon Lines said its banks agreed to relax their financial covenants under the carrier’s revolving credit facility, preserving the carrier’s access to liquidity while its refinancing eff

The California Air Resources Board is extending the zone in which vessel operators in Southern California must burn low-sulfur fuel, a move that satisfies U.S.

Global Ports raised $534 million from an initial public offering in London valuing Russia’s biggest container terminal operator at $2.35 billion.

Freight costs on shipments from India to West Africa will go up substantially effective July 1 following a

Ocean carriers are moving toward space and volume guarantees in agreements with shippers that include fees on both shippers and carriers if either side fails to meet the commitments spelled out in the

APL, in a strong move toward appeasing a primary concern among shippers, will introduce a new fuel surcharge formula on the trans-Pacific trade to reflect the financial impact of slow-steaming.

Maersk Line is planning to charge its customers a fee for booked containers that fail to appear at the port of departure, and plans to compensate customers for booked containers that it fails to load

European Union trust busters launched an investigation into whether a $322 million rescue of French shipping company SeaFrance by state-owned railway SNCF breached state aid rules.

Long Beach’s chief engineer sees deepening the harbor to accommodate the world’s largest vessels, building large container terminals, expanding on-dock rail connectivity and establishing g

India plans to set up a state-owned company capitalized at $557 million to invest in overseas ports and terminals to help boost international trade.

German charter shipowner Peter Dohle ordered eight container ships of 10,000 20-foot equivalent units capacity each with China’s Yangzijian Shipbuilding.

Canada States Africa Line, a newly launched multipurpose line, is adding Charleston to the port rotation for its breakbulk/roll-on, roll-off service between North America and southern Africa.

Emirates Shipping Line is joining the Far East-Middle East Express Service operated by Hanjin Shipping, effective early next month.

DFDS, northern Europe’s largest short-sea freight shipping company, sold a cargo terminal in Rotterdam to Germany’s Rhenus Logistics for $35 million.

The South Carolina State Ports Authority approved its budget for fiscal year 2012, which projects a 6.6 percent increase in container volume and nearly $82 million in capital projects for the year.

Charles I.

Shanghai – A Maersk Line executive said the carrier is seeing container shipping demand from Asia to the U.S.

Japanese containerized cargo exports will level off in fiscal 2011, which started on April 1, in the wake of the devastating earthquake and tsunami that hit the northeastern part of the country on Mar

The annual Admiral of the Ocean Sea Awards will be presented Oct. 28 to James L. Henry, chairman and president of the Transportation Institute; Gen. Duncan J. McNabb, commander of the U.S.

The race to order ultra large container ships as ocean carriers seek lower capital and operating costs will lead to increased rate competition as lines strive to fill their vessels, Alphaliner warned.

Shanghai – The president of the Shanghai Shipping Exchange, defending the integrity of the group’s closely watched and often criticized rate index, said Tuesday the pricing measure is buil

The U.S.

APL is expanding its China-India Express Service with a weekly call at India's Port of Pipavav, starting at the end of this month.

ECT, Rotterdam’s biggest container terminal operator, denied reports that ocean carrier Mediterranean Shipping Co. acquired a significant stake in its largest facility.

Horizon Lines announced a second one-week postponement of a deadline for securing bondholders’ support for a plan to refinance the debt of the largest U.S. domestic ocean carrier.

New York City’s district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is part of Iran's effort to obtain banned technology for its nuclear and missil

Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly to pay ransoms for two ships seized by pirates.

The U.S. tries to keep foreign-flag ships from polluting U.S. waters, but not every operator gets the message.

U.S.

Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for radical changes to shipping business practices, but that hardly fazed him.

The U.S. economy is heading inexorably toward its next growth cycle, with agricultural exports ripe to help drive expansion, economists, shippers and government officials say.

Maersk Line will implement a peak-season surcharge for cargo shipped from India to the United States, Guam and Canada.&n

Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said on F

Even as it announced plans to order five big new containerships, Hanjin Shipping said it will suspend its Asia-Europe NE5 service in early July.