Container Shipping News

The Port of Houston doesn’t have to wait for the opening of the Panama Canal’s larger locks in 2014 for the arrival of bigger post-Panamax ships.

The threat level is rising along with the water along the Mississippi River, endangering two-thirds of U.S.

Slow-steaming by container ship lines is thickening the fog of war between shippers and carriers over bunker fuel surcharges.

Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of Commerce rankings of the Top 40 Import Container Lines for the first quarter

Horizon Lines says it has found a way out of a financial crisis triggered by the company’s guilty plea and fine for price-fixing in the Puerto Rico trade.

Rates for containerized ocean shipping exports from the United States to Asia are sliding this spring as a sharp upturn in vessel capacity offsets relatively strong demand for U.S.

Diana Containerships on Friday set the price of its public offering of 14.25 million shares of its common stock at $7.50 per share.

The Port of Hong Kong, getting off to a slow start in 2011, saw ocean container volume grow a scant 1 percent in the first quarter from a year ago, according to the Census and Statistics Department of

Orient Overseas Container Line took first place in the annual ocean carrier performance survey

Container services resumed this week at the Port of Sendai-Shiogoma, the most important port in Japan’s northeastern region of Tohoku, nearly three months after the devastating March 11 earthqua

Neptune Orient Lines said it would issue S$300 million (US$244 million) in 10-year bonds to help finance the purchase of new container ships for APL.

President Obama is keeping open the option of drawing oil out of the U.S.

Record exports fueled by a slumping dollar combined with a drop in automotive and oil imports to shrink the U.S. trade deficit in April by 6.7 percent to $43.7 billion, the lowest since December.

A New England-Halifax shuttle service, launched by American Feeder Lines as the forerunner of a planned coast-wide network of short-sea services, will begin service next week.

European shippers are endorsing the call for radical changes in the container industry by Maersk Line CEO Eivind Kolding, but the European Shippers Council said Maersk has a heavy legacy to overcome a

The port of Antwerp wiil reward “clean ships” with a 10 percent discount on tonnage based harbor dues from July 1 in a bid to further cut emissions of pollutants.

Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday.

Heavy-lift shipping company Dockwise warned today that it will transfer its Dutch-flagged ships to a different register unless the Netherlands allows it to hire private guards to fight pirates.

Container traffic at Bremen/Bremerhaven hit a record high in April as the German twin ports continue to outpace growth at their North West European rivals.

APL President Eng Aik Meng announced his resignation on Wednesday, expanding a rapid overhaul in the top leadership at one of the world’s largest container shipping lines.

Spot container freight rates on the eastbound trans-Pacific took a sharp turn downward in the last week, falling 8.1 percent in a new sign of weakness on the trade lane, according to Drewry Shipping C

Hapag-Lloyd said it will omit the next three ship calls on its GS1 service between the U.S.

A peak-season surcharge scheduled to take effect next week in the eastbound Pacific has been postponed for at least one month.

Terminal operators in Los Angeles-Long Beach will increase the traffic mitigation fee charged during daytime hours to $60 per TEU from $50 beginning July 4.

U.S. containerized exports rose 12.5 percent in April, their 19th consecutive year-over-year increase, after a 13.9 percent gain in March, according to PIERS.

Maersk Line, the world's largest container shipping firm, announced the partial resumption of services at two Japanese ports damaged by the catastrophic earthquake and tsunami that hit the northeaster

Maersk Line CEO Eivind Kolding, using the pulpit of the world’s largest container shipping line, urged broad changes in the industry’s practices on Tuesday, saying the business must embrac

Pacific International Lines and Wan Hai Lines will upgrade their service network in the trade lanes between Asia and Europe, the carriers announced Tuesday.

Japan and India will put a free trade agreement into force on Aug.1, ushering in a new era of trade between the two giant economies by eliminating import tariffs on most products moving between the co

Six motor carriers that received subsidies from the Port of Los Angeles for the purchase of clean trucks may have to return some of the money because they did not comply with the requirements of the p

Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July.

Global Ports, Russia’s largest container terminal operator, plans to raise about $100 million for an initial public offering on the London Stock Exchange.

Japanese export ship orders rose for the 17th consecutive month in April year-over-year, increasing 9.4 percent to 912,142 gross tons, according to figures released by the Japan Ship Exporters’

Sammy Ofer, the billionaire Israeli shipping magnate and co-owner of ocean container carrier Zim, died today in Tel Aviv after a long illness. He was 89.

Sharp Electronics and Pier 1 fell back sharply in The Journal of Commerce rankings of the Top 100 Importers for 2010 in a sign of the ongoing impact of the retail industry’s inventory retrenchme

Bob Sappio, a veteran of 29 years at APL, will leave the company as the container shipping line extends a restructuring of its top management.

The Port of Los Angeles adopted a fiscal 2011-12 budget totaling $976.6 million, which projects operating revenues of $405.4 million and a capital budget of $291 million.

The U.S.

Maersk Line will operate scheduled services to the Mediterranean island port of Marsaxlokk, Malta Freeport Terminal confirmed.

Shippers are adjusting to slow-steaming by ocean carriers but want carriers to use some of the savings to reduce freight rates and improve customer service, according to a survey of 290 logistics exec