Container Shipping News

FedEx Trade Networks, the forwarding arm of FedEx, is trying to expand its reach into ocean shipping with a new forwarding service for products with a flex

Fesco boosted container traffic 46 percent in the first half of the year compared to the same period a year ago, as Russia’s largest ocean carrier benefited from the nation’s economic reco

Container shipping supply and demand will remain “highly volatile” for the next three or four years before possibly settling into a more standard cyclical pattern, according to Seaintel Ma

The second quarter’s slow growth was disappointing, but the U.S.

Costamare is paying Mediterranean Shipping $55 million for a 5,000 20-foot equivalent units container vessel the Greek container shipowner will charter back to the ocean carrier.

Mediterranean Shipping Company and Chilean carrier CSAV entered a vessel sharing agreement to launch a direct co

The European Union’s plan to slash ships’ sulfur dioxide emissions will likely result in

The founder of telecommunications company Neustar, Jeffrey Ganek, joined the board of directors of INTTRA, an electronic booking portal for the ocean freight industry.

Tobias Koenig has a proven business model at Marenave, the shipowning company he listed five years ago on the Hamburg Stock Exchange.

DHL will expand direct less-than-containerload service from Shanghai to Seattle, reducing transit times for LCL shipments by up to four days, the company said.

A weekly Europe-based ocean container index by Drewry Shipping Consultants and Cleartrade Exchange will launch in September, g

Kuehne + Nagel said economic uncertainty made it impossible to forecast the rest of the year even as the worl

Security continues to be a key issue for shippers doing business in Mexico. The rise in cross-border surface trade between the U.S.

Its wounds still fresh from an earlier-than-expected exit from this month’s women’s World Cup soccer tournament, Brazil faces a quick turnaround when Rio de Janeiro hosts the men’s v

U.S. consumer sentiment fell this month to its lowest level since March 2009, reflecting depressed income and low employment levels, a widely watched survey reported.

Maersk Line, Ltd., won a multi-year contract valued at up to $126 million to operate and maintain five container and roll-on, roll-off ships for the U.S. Navy.

The maritime industry would be required to slash sulfur dioxide emissions by up to 90 percent at a cost of $3.6 billion to $15.6 billion, under a proposal unveiled by the European Commission on Friday

Two of every five trans-Pacific import containers are booked through non-vessel-operating common carriers instead of directly with container lines, and the NVOs’ market share is growing.

Shipping is picking up steam on the trans-Pacific, but it’s not happening in the direction carriers are accustomed to. Instead, import growth is tapering off as the peak season approaches.

Chilean container line CSAV and Mediterranean Shipping will jointly operate four liner services under a new agreement, stepping up ocean carrier rationalization amid overcapacity, slowing cargo d

Although container production is up in the wake of last year’s critical shortages, prices for the boxes have nearly doubled in the last two years and shippers will face an ongoing shortage of th

Imports into the Port of Los Angeles fell 10.2 percent in June from the same month a year ago, throwing a new cloud over the U.S.

Retail sales rose 0.1 percent in June as a rise in spending at automobile dealerships and chain stores offset a drop in gasoline prices, the Commerce Department said.

Overcapacity and slowing demand on the trans-Pacific spurred CMA CGM, Maersk Line and Mediterranean Shipping Co.

Sea Star Line on July 22 will suspend its weekly service connecting Philadelphia; Jacksonville, Fla., and San Juan, Puerto Rico, because of a lack of business.

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.