Container Shipping News

Mediterranean Shipping Co. will raise general rates on cargo shipped from northern European and Mediterranean ports to Canada and Mexico, effective July 1.

Neptune Orient Lines said Thursday it completed $1.1 billion in loan agreements and documentation with financial institutions providing financing for the 12 container ships the carrier ordered last ye

Horizon Lines, struggling in recent weeks to stave off a debt default, said Wednesday it has new agreements with bondholders to refinance the company's entire capital structure.

Philippine terminal operator ICTSI offered to buy all the shares of Portek International, a Singapore-based investment holding company that operates medium-sized container and multipurpose ports, for

Container volume moving through West Coast ports increased 7 percent in April compared to April 2010, with export growth outpacing import growth.

Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region. Effective June 1, the surcharge is $70 per 40-foot equivalent unit.

The International Chamber of Commerce is urging G20 leaders to push for conclusion of the Doha Round of trade talks and says a new report shows major nations are violating pledges to restrict protecti

Hanjin Shipping introduced an upgraded Supply Chain Carbon Calculator that enables a shipper to calculate CO2 emissions for transporting a container by period, multiple destinations and bill of lading

Copenhagen’s stock exchange said Wednesday it found no basis for concluding A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda shipping analyst last month.

Japan and Peru have a new free trade agreement to eliminate import tariffs on almost all products traded between the two countries within 10 years.

Japan’s exports to the rest of the world sank at an accelerated pace in early May in the wake of the devastating earthquake and tsunami that hit the country on March 11.

Horizon Lines says the New York Stock Exchange is warning the company faces possible delisting because its market capitalization and stockholder equity have fallen below NYSE criteria.

Container lessors spent an estimated $4 billion to acquire more than 1.6 million 20-foot equivalent units last year, according to the Institute of International Container Lessors.

Rising shipments from China fueled an 8.7 percent increase in U.S. containerized imports in April, PIERS data show.

Ocean container freight rates on the Asia-Europe shipping lanes have become more volatile since the European Union outlawed liner conferences in October 2008, Alphaliner said.

Ocean container volumes are projected to show solid growth at European ports in the coming six months after a weak first quarter, according to the Global Port Tracker: North Europe Trade Outlook&rsquo

Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy 50 percent of the French ocean carrier’s Malta Freeport container termina

Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks ending May 6 but average revenue per box fell back 4 percent to the lowest point

United Arab Shipping has a new $205 million loan facility to finance the acquisition of two container ships with capacities of 13,100 20-foot equivalent units.

Turkey’s bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to the test after the country’s general election on June 12.

American exporters are doing their part to meet the government’s goal of doubling exports in five years.

If the world were a better place, the U.S. Agency for International Development wouldn’t be among the top 100 U.S. exporters.

Imports from Asia are largely responsible for making Long Beach the nation’s second-largest container port, but exports could lead that growth in the future, especially agricultural products.

Companies that want to expand their export business should follow the advice newspaperman Horace Greeley gave 160 years ago: Go west.

The 2008-09 economic recession was painful for the footwear industry, but the industry is putting lessons learned to good use now that the market has rebounded.

The value of U.S. international trade rebounded sharply in 2010 and is now only 6.2 percent below the peak realized in 2008 prior to the global recession. International trade to and from the U.S.

U.S. farmers and processors are gearing up for another big year of corn exports — in high-value solid and liquid form.

With the economy improving, at least one major importer and exporter thinks it’s time to focus on building supply chain models better designed to handle market volatility and allow carriers and

U.S. textile and apparel imports have been rising this year as a result of growing confidence among importers that U.S. consumer demand is recovering.

When European Union antitrust authorities sprang a series of surprise visits on the offices of several of the world’s largest container lines, it set off what promises to be a long investigation

After a year of recovery in imports of furniture and home furnishings, U.S. furniture and home furnishings importers are more optimistic than they’ve been in years.

RILA’s Casey Chroust says recovering retailers remain focused on tight inventories and – say it slowly – transportation disintermediation

Recycling paper, plastics and scrap metal is good not only for the environment but also for reducing the U.S. foreign trade deficit. Scrap exports comprise one of the largest sectors in the U.S.

Just when shippers were starting to feel good about equipment supplies this year, carriers and container lessors alike are warning of possible container shortages during the peak season.

Japanese automakers are struggling with epic supply chain disruptions in the wake of the magnitude-9 earthquake and tsunami on March 11 that devastated the nation’s industrial northeast and clai

U.S. container trade is growing at two speeds. Export volume is soaring while consumer-driven imports are rising more slowly.

With overall exports this year at near-record levels, cotton shippers are hustling to secure equipment and vessel space in the trans-Pacific, and they seem to be fairly successful in doing so.

U.S. agriculture is riding high on the productivity of American farmers and a huge demand for their products in the global marketplace.

After suffering a decline in production as a result of growing company layoffs and bankruptcies tied to the Great Recession of 2008-09, the chemical industry is back to formulating trade gains.

When the earthquake and subsequent tsunami struck northern Japan in mid-March, killing hundreds and causing major damage to that country’s infrastructure, supply chain specialists sensed immedia