Container Shipping News

The volume of containers handled by major ports in India grew a mere 1 percent year-over-year in the first two months of fiscal 2011-12, the Indian Ports Association said Wednesday.

Emirates Shipping Line is joining the Middle East Express Service operated jointly by Cosco Container Lines and Orient Overseas Container Line.

The Port Authority of New York and New Jersey, racing to elevate the Bayonne Bridge, is “working towards a date of 2016” to complete the complex engineering project and clear a path for la

Container ship line CMA CGM appointed Michel Sirat, a longtime executive in the energy industry, to group chief financial officer.

The Broward County Board of County Commissioners Tuesday authorized Port Everglades’ staff to begin talks with the Florida East Coast Railway toward development of an intermodal rail transfer fa

The Port of Corpus Christi Commission on Tuesday unanimously approved funding for the port’s $15.5 million share of the cost of extending the La Quinta Ship Channel and restoring the ecosystem,

Canada this week lifted all import restrictions on Japanese foods, which were imposed on April 1 in the wake of the ongoing nuclear crisis at the Fukushima No.1 nuclear power plant in northeastern Jap

Neptune Orient Lines today announced $1.54 billion of contracts for 10 new 14,000 20-equivalent unit ships, two 9,200 TEUs vessels and upgrades to 10 ships it ordered last year.

The St. Lawrence Seaway opened this spring with volume up 3.7 percent in the first two months of the season compared with the same months last year.

Six Indian sailors, held captive by Somali pirates for more than 10 months, were freed Monday after a reported $2.1 million ransom payment.

The board of the Port Authority of New York and New Jersey Tuesday approved a restructured lease with the Port Newark Container Terminal that will provide $500 million in private capital investment to

Mediterranean Shipping Co. is raising its freight rates on all export containers shipped from Portugal to the U.S. as of July 7.

The Baltic and International Maritime Council, the world’s largest private shipping organization, elected Yudhishthir Khatau of India as its new president.

The laid-up container ship fleet fell to its lowest level since August 2008 and is still shrinking as ocean carriers activate idle tonnage, Alphaliner reported.

The head of PierPass gate operation at the Los Angeles and Long Beach ports says the only pressure on capacity marine terminals comes when large numbers of truckers want to pick up or drop off contain

CSAV’s volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined.

Container throughput in India’s Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the first two months of fiscal 2011-12, the port authority sa

Japan’s Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake in Westwood Shipping Lines, a U.S.

Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S.

Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units.

Container ship line APL says the fast-growing U.S.

Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes, a key part of the

The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft patch in the U.S. economy.

When the deal to sell the Port of Galveston’s facilities to an investor group of Hutchison Port Holdings and Carlyle Group fell through in April, the port and financial adviser BMO Capital Marke

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.

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

The Port of New Orleans and the terminal operator owned by Mediterranean Shipping Co.

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

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

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.

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.