Container Shipping News

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

Hyundai Merchant Marine will raise rates southbound container shipments from the U.S. to the East Coast of South America effective Aug. 1.

Crowley Maritime is bolstering its logistics capabilities in the Caribbean with the acquisition of Puerto Rico Freight Systems, a company specializing in freight consolidation and less-than-container

Swedish shipowner Wallenius Wilhelmsen Lines is placing armed guards to protect its vessels from attack by Somalia-based pirates in the Gulf of Aden.

Drewry Maritime Research is forecasting average east-west ocean freight rates will fall 20.8 percent this year from 2010 as the addition of ship capacity outpaces growth in demand.

CSAV is suspending its service between Asia and the Mediterranean amid sharply declining rates on Asia-Europe trade lanes.

United Arab Shipping Company opened its own shipping agency in Pakistan in a joint venture with its erstwhile third party agent, Delta Shipping.

Despite signs of a cyclical slump in container shipping, a bull market is developing for construction of large, fuel-efficient ships.

Those large blue boxes with the familiar APL logo that started appearing on U.S. highways and railroads in May aren’t ocean containers, though it’s tough to tell the difference.

For ocean carriers, the disquieting chatter began in early spring. All the new capacity they had delayed taking delivery of during the 2008-09 recession was coming due.

Audiovox Electronics’ Pat Moffett is willing to stand behind his commitment to deliver cargo to his carrier in time to fill the slot he’s reserved.

Exporting companies are starting to see the fruits of the Obama administration’s effort to streamline and modernize the outdated export control system.

One reason Seaspan chose Chinese shipyards to build its next generation of big ships was that South Korean shipbuilders were slow to offer more fuel-efficient designs.

Container shipping line APL is building an intermodal container terminal in Joliet, Ill., to strengthen its transcontinental network in the United States.

Editor Peter T.