Container Shipping News

NOL Group, parent of container ship operator APL, lost $10 million in the quarter ending March 31, as rising fuel prices and lower-than-expected demand ate up the strong revenue growth.

India&rsquo;s exports surged nearly 35 percent year-over-year to $23.9 billion in April, the first month of fiscal 2011-2012, according to provisional trade figures released by the Commerce Ministry.<

&ldquo;K&rdquo; Line appointed Jiro Asakura as its new CEO and president Friday, taking the place of Kenichi Kuroya, who resigned from that position.

CSAV&rsquo;s container volume increased by 48 percent in the first four months of 2011, the Chilean carrier said Thursday.

Norway&rsquo;s Wilh.

APM Terminals signed a 30-year concession contract with the Peruvian government Thursday for the development and operation of the multi-purpose Terminal Muelle Norte at the Port of Callao.

The Panama Canal Authority received six proposals Tuesday from design and engineering companies or consortia around the world for the design of the first-ever bridge on the Atlantic side of the waterw

Japan&rsquo;s exports to the rest of the world are still sinking in the wake of the devastating earthquake and tsunami that hit the northeastern part of the country on March 11.

Two Japanese international freight forwarders expanded their operations into Indochina, a Southeast Asian region sandwiched by two Asian giants -- China to the east and India to the west.

The International Longshore and Warehouse Union has a reputation of militancy, but a Southern California union official said recent history shows the ILWU is a collaborative partner of the West Coast

Hanjin Shipping lost $28 million on container operations in the first quarter, compared with $23 million a year earlier, as rising fuel costs offset a 19 percent increase in container revenue.

NYK will charter another four vessels with capacities of 13,000 20-foot equivalent units from OOCL under a new agreement between partners in the Grand Alliance service network.

India&rsquo;s Tariff Authority for Major Ports ordered a 35-percent reduction in the scale of rates currently applied by Chennai Container Terminal, a DP World-managed facility.

French ocean carrier CMA CGM is in talks over the sale of a minority stake in Malta Freeport Terminals, one of the largest container transshipment hubs in the Mediterranean.

Hapag-Lloyd announced general rate increases effective July 1 for all cargoes and container types for the North Atlantic and Europe-Mexico shipping lanes.

Hapag-Lloyd fell to a $31.8 million loss after interest and taxes in the first quarter despite an improvement in operating results and the German ocean container carrier said it would seek new rate in

The members of the Caribbean Shipowners Association are postponing the scheduled increase in their bunker surcharge from Sunday, May 15 to Sunday, May 29, 2011.

Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners and Operators Association, plan to increase rates by $100 per 20-foot equivalent units.

OOCL is adding vessels to its two weekly services on its SBX network among Baltic ports this month.

Costamare, the acquisitive NYSE-listed container ship owner, ordered five vessels for long-term charter to Taiwanese ocean carrier Evergreen.

Dubai&rsquo;s DP World said it is on track to list its shares on the London stock exchange within a month as it announced first quarter throughput jumped 12 percent from a year ago.

Maersk Line said it will increase rates on cargo shipped from India and Sri Lanka to East Africa.

A.P. Moller-Maersk boosted first quarter net profit 82 percent from a year ago to $1.2 billion, driven by higher container freight rates, growing shipping volume and rising oil prices.

Ocean container lines may take another year or longer to complete the process of dropping chassis from the U.S.

Maersk Line is increasing its emergency risk surcharge for transporting containers through the pirate-infested waters vof the Gulf of Aden and the Indian Ocean.

The Panama Canal Authority and the Soy Transportation Coalition signed a memorandum of understanding aimed at fostering and forecasting trade flows in a major U.S. agricultural export commodity.

Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, took delivery on Tuesday of its third vessel and placed the ship with Chilean carrier CSAV.

Container ship owner-charterer Seaspan took delivery of its 60th ship, which has been chartered to &ldquo;K&rdquo; Line.

Ocean container carriers are levying record bunker fuel surcharges on shipping lanes between Asia and North Europe route, an industry analyst says.

Container traffic at major ports in India grew a mere 2 percent in April compared with a year earlier, according to latest traffic figures released by the Indian Ports Association.

Diana Containerships is planning a public offering of up to $172.5 million to pay down debt and build its fleet of container vessels.

The Containerization and Intermodal Institute will give its latest Connie Award for accomplishments in the shipping industry to Richard D.

Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry Maritime Research&rsquo;s latest &ldquo;Schedule Reliability Insight&rdquo;

The main goal for many U.S.

The Indian Navy and Coast Guard Thursday rescued a Chinese merchant ship that had been attacked by Somali pirates in the Arabian Sea.

Orient Overseas Container Line is raising rates on Asia-Europe trade lanes as part of what it calls a new &ldquo;rate restoration program.&rdquo;

2003 &mdash; Horizon Lines formed as separate company when CSX sells its subsidiary to The Carlyle Group.

Multiyear contracts underpinned by adjustable freight rates are moving into the Asia-Europe trade and may reach the trans-Pacific next year.

United Arab Shipping received its first 13,500-TEU vessel, part of an order of nine so-called A13 vessels from South Korean shipbuilder Samsung Heavy Industries.

Japan&rsquo;s three largest ocean carriers expect lower profits this year because of higher fuel prices, uncertain bulk and car carrier markets, and the impact of the March 11 earthquake and tsunami.<