Container Shipping News

CMA CGM is said to be negotiating the sale of a 49 percent stake in its Malta container terminal to Turkey’s Yildirim Group, a minority shareholder in the French ocean carrier.

Zim Integrated Shipping Services announced a sharply lower first quarter operating loss of $24 million against $83 million a year ago, driven by higher freight rates and increased cargo volumes.

Matson Navigation says the trans-Pacific service the carrier began five years ago has proven a successful expansion beyond Matson’s comfortable Jones Act trade and that it will maintain its comm

U.S. domestic maritime carriers must continually remind Congress of the ongoing benefits of the Jones Act protections for the business, Matson Navigation President

Grand China Shipping, which launched its first trans-Pacific service in March, is splitting that service into two strings, effectively doubling its capacity in the U.S.-Asia trade.

The sale of TUI's stake in Hapag-Lloyd is delayed as bidders take extra time to go through the books at the container shipping group, according two people familiar with the matter who were quoted by R

The Port of Houston Authority hired high-profile defense attorney Rusty Hardin to work as a liaison with the district attorney and county attorney as they investigate allegations against the organizat

U.S. private equity fund Oaktree Capital launched a new heavy-lift and project cargo carrier from the remains of Germany’s Beluga Shipping, which collapsed two months ago.

Maersk Line said Wednesday it is postponing by a month the implementation of the general rate increase that it planned to apply June 1 on Asia-North Europe trade lanes.

Trailer Bridge named Scott W. Fernandez as chief commercial officer today in place of the departing Adam E. Gawrysh Jr., who is leaving the company May 27.

CMA CGM will enlarge the capacity of three ships on order from 13,800 20-foot equivalent units to 16,000 TEUs, according to the carrier.

Hapag-Lloyd said it will apply a port congestion surcharge on all containerized cargo moving from Asia and Oceania to Bandar Abbas, Iran.

Costamare’s first quarter profit slipped 28 percent to $17.9 million from $24.7 million a year ago, but the NYSE-listed container ship owner said it is

Deliveries of container ships are set to hit a record high in 2013, driven by a surge of orders in the past year that has revived fears of overcapacity in container shipping markets, according to ship

Japanese logistics operator Sumitomo Warehouse Co. says it is in advanced negotiations to acquire Weyerhauser’s wholly-owned ocean vessel subsidiary, Westwood Shipping Lines.

The Coast Guard reopened a nine-mile section of the Mississippi River at Baton Rouge, La., that was closed Friday when three barges sank amid high water and fast currents.

“K” Line announced a series of changes in the responsibilities of its executive management team at its board meeting on May 20.

OOCL is changing the leadership at the container line’s trade management group effective June 13.

Maersk Line, extending its environmental initiatives to equipment, will phase out the purchase of containers with floors made of uncertified tropical hardwood this year in a bid to reduce demand for i

Poti port in the Republic of Georgia isn’t one of Europe’s major container gateways.

As go consumers, so go U.S. imports.

California’s largest container ports are working hard to protect their market share in the trans-Pacific trade, but their toughest challenge isn’t competition from other ports.

Textainer Group Holdings President and CEO John A. Maccarone will step down at the end of this year and Executive Vice President Philip K.

CMA CGM will add a call at Greece’s Port of Piraeus this month to its Epic service from North Europe to the Indian subcontinent and the Middle East.

Evergreen Group ordered 10 new containerships with capacities of 8,000 20-foot equivalent units from China Shipbuilding Corp.

Interlake Steamship Co. says it will christen one of its vessels in honor of Rep. James L. Oberstar, D-Minn., the former chairman of the House Transportation and Infrastructure.

CSAV, CMA CGM and China Shipping are teaming up to launch a new weekly service with two slings between the East Coast of South America, South Africa and Asia.

Safmarine is bringing back its seasonal SAECS Reefer Express service, first launched three years ago to provide extra capacity during the South African peak fruit season.

Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, said Thursday it took delivery of two more containerships of the six vessels that make up its initial fleet.

Container shipping volume will grow at double digits through 2012 but rising fuel, vessel charter and shipbuilding costs may weaken carrier profits in the coming months, consultant Philippe Hoehlinger

The Port of Boston will start handling its first calls by a container service from Asia that transits the Suez Canal later this month.

The Singapore-based parent of APL, the world’s seventh-largest container line, is investing $25.8 million in a joint venture to operate a two-berth container terminal at the Port of Qingdao that

Hamburg boosted first quarter container traffic 18.2 percent from a year ago, regaining market share from its slower growing rivals Antwerp

European Union antitrust officials raided the European offices of a number of Asian carriers on Tuesday in addition to European shipping lines as part of a probe into suspected price fixing in the sec

Rotterdam risks losing its lead as Europe’s biggest container port over Antwerp and Hamburg without a multi-billion dollar investment to improve congested access roads, the head of the port warn

The prospects for deepening the Port of Charleston’s harbor beyond its present 45 feet depth took a step forward Tuesday when the U.S.

UPDATED 12:20 p.m. EST

Container throughput in the Port of Charleston increased 10 percent in the first 10 months of fiscal 2011, from July through April.

GT Nexus, an Internet-based portal for electronic cargo bookings, is suing e-commerce competitor INTTRA in a dispute over patents on different aspects of container booking system process.

A 15-mile stretch of the Mississippi River near Natchez, Miss., is closed to barge traffic, severing a busy route for shipments of grain and other cargoes.