Container Shipping News

DP World is selling its remaining stake in container services company P&O Trans-Australia to co-shareholder Qube Logistics for $111 million.

Kuehne + Nagel boosted first quarter net income almost 18 percent from a year ago as it gained market share in all business units.

When mega-ships disgorge containers at U.S. ports, will mega-trucks haul them away?

Shipping industry observers are raising alarms that the strong turnaround in container line profitability over the past year may be reversing course.

While East and Gulf coast ports deepen their harbors and expand container terminals to prepare for the mega-ships expected to call when the Panama Canal is enlarged in 2014, the challenge for West Coa

Legislation to exempt domestic shipping from the Harbor Maintenance Tax made its debut on Thursday in the 112th Congress.

U.S. steel exports fell 10.2 percent in February from January, mostly due to poor weather conditions and a shorter month, government reports said this week.

Mediterranean Shipping Company plans to apply a general rate increase on the Far East-Asia-Indian subcontinent trade lane as well as to the Far East-Asia-Canada lane.

U.S.

First-quarter container throughput at the port of Antwerp climbed 7.9 percent from the same quarter last year, as its terminal handled a record volume of 2.17 million 20-foot-equivalent units, compare

Two seamen were knocked overboard and drowned on Thursday when the UK-flag container ship OOCL Finland collided with the Russian-flag freighter Tyumen-2 on the Kiel Canal in Germany.

OOCL said it is scanning all vessels it owns or charters for radiation before they depart from the Kanto ports of Tokyo and Yokohama to protect its crew members and to mitigate the risk of radiation s

The Westbound Transpacific Stabilization Agreement, a discussion group of 10 ocean carriers in the trade, published the checklist in order to improve clarity in the contracting process and minimize th

A Greek shipping company and three others agreed to a $1 million penalty and banishment from U.S.

The U.S. trade deficit narrowed 2.6 percent in February, the first decline in four months, but both imports and exports fell from the month before, the Commerce Department reported Thursday.

Box Ships, an Athens-based container ship charter owner, raised $132 million from an initial public offering but its shares slipped on their NYSE debut April 14.

A study by PierPass and Ability/Tri-Modal of gate turn times in Los Angeles-Long Beach indicates the median visit time of a truck calling at marine terminals is 51 minutes, and the vast majority of tr

Combined imports at the ports of Long Beach and Los Angeles grew 2.5 percent in March compared to the same month a year ago, a sharp slowdown that included a 7.5 percent drop in import container volum

Japanese export ship orders made a strong recovery in fiscal 2010, which ended on March 31, after sinking at their fastest pace in 17 years in the previous fiscal year.

Diana Containerships, a NASDAQ-listed owner of container ships for charter, said Thursday it agreed to buy three Maersk Line Panamax vessels, one from Maersk Line UK and two others from A.P.

Spot freight rates on the trans-Pacific and Asia-Europe trade lanes may not recover from their three-month slide until the peak season demand in the third quarter of this year, according to BIMCO, th

Hanjin Shipping plans to increase freight rates as of May 15 on the Asia-Europe trade lanes.

Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, according to the latest global piracy report by the International Maritime Bureau of the International

A proposed deal to privatize the Port of Galveston fell through.

Somali pirates released the Beluga Nomination after almost three months of captivity, according to European news sources.

The Port of Houston on Saturday will co-sponsor a truck fair to inform harbor drayage companies about an incentive program designed to retire old, polluting trucks.

Maersk Line ships will switch to using low-sulfur fuel while in the Port of Singapore to reduce carbon and sulfur emissions.

Maersk Line is likely to exercise its option to order another 10 huge container ships in June, its chief executive said Wednesday.

Drewry Shipping Consultants is forecasting that many ocean carriers will struggle to break even this year because of plunging rates on east-west trades and escalating costs.

DB Schenker is planning to launch scheduled container rail services between Germany and inland China later this year aimed at shippers that currently use ocean shipping.

Hamburg-Sud, Germany's second largest ocean carrier and 13th in the world, returned to profit in 2010 from its first eve

Maersk Line announced an increase in its piracy risk surcharges imposed earlier on containers moving between the Indian subcontinent, the Middle East, Europe and Central/South America, starting May 1.

The NOL Group is extending its low-sulfur emissions program to the Port of Singapore, where it is based.

Hanjin Shipping is taking delivery this month of the last two in a series of five containerships, each with capacities of some 8,600 20-foot equivalent units.

Horizon Lines says most of its customers are sticking with the financially ailing container line despite an accountant's note that cited doubt about the company's status as a going concern.

Containerized imports at U.S. ports in April are projected to increase 9 percent over April 2010, which would mark the 15th consecutive month of year-over-year improvement in the U.S.

Ship Finance International placed a $230 million order for four vessels with a capacity of 4,800 20-foot equivalent units each, the shipowner announced April 11.

The CKYH alliance among Cosco, "K" Line, Yang Ming and Hanjin Shipping is restructuring and upgrading its all-water services from Asia to the U.S. East Coast later this month.

Two years after container ship lines began moving away from their 55-year-old practice of supplying U.S.

France launched the final tender for a company to build and operate a canal that will link Paris to Europe's inland waterway system and its largest port, Rotterdam.