Container Shipping News

Retailers reported strong April sales that were boosted by pre-Easter sales but tempered by bad weather and signs that rising gasoline

Drewry Shipping Consultants and Cleartrade Exchange on Thursday unveiled a global index of freight rates they said can be used by physical and derivative market participants to manage freight risk.&nb

Pacific International Lines is expanding its China Transpacific service to connect Long Beach with ports in Australia and New Zealand.

Container ship owner-charterer Seaspan reported first quarter profit of $50.5 million as its expanded fleet pushed revenue up 50 percent from a year earlier.

United Arab Shipping Company will implement a peak-season surcharge for all cargo shipped from Asia to the U.S. East Coast.

The Trans-Pacific Maritime conference, The Journal of Commerce’s largest event of year, will be held on March 4-6, 2012, and March 3-5, 2013, in Long Beach, Calif.

The Danish administrator appointed to oversee The Containership Co.’s financial restructuring is asking the defunct trans-Pacific line’s former customers to pay their obligations under min

Canadian longshoremen ratified a watershed contract that should guarantee labor peace at the country’s Pacific Coast ports for eight years.

Tropical Shipping’s first quarter operating loss widened to $1.2 million from $500,000 a year earlier as shipping volume for the carrier’s Bahamas and Caribbean services declined 9.6 perce

Project and heavy-lift specialist Rickmers-Linie said it is adding four ships to its India-Europe service to take advantage of an expanding market.

Panalpina Group reported double-digit growth in profit during the first quarter and said it expects air and ocean freight markets to rise 5 to 7 percent this year.

Matson Navigation swung to an operating loss of $7.4 million in the first quarter ended March 31 from a profit of $10.4 million in the same quarter a year earlier, as soaring fuel prices ate up the in

The Drewry Container Rate Benchmark for eastbound trans-Pacific shipping climbed 8.9 percent in the week ending Monday, the second week-to-week increase in the last three weeks.

The number of idle container ships is at a 30-month low, with only 71 ships recorded as unemployed, according to a survey of the container fleet by Alphaliner last week.

U.S. containerized imports fell 2.5 percent in March, the first year-to-year decline in 16 months, as a weak housing market contributed to a drop in imports from Asia.

Japan's steel exports increased for the second consecutive month in March, topping February’s total by 10.1 percent.

APL’s container shipping volume gained 12 percent year-over-year in the four weeks that ended April 8, but average revenue per container slipped, parent company Neptune Orient Lines said.

Somali pirates released the Sinar Kudus, an Indonesian-flag multipurpose vessel, and its 20 crew members on Sunday after 46 days in captivity, according to Navfor, the EU anti-piracy naval force.

The Ocean Carrier Equipment Management Association is launching a Chassis Provisioning Information section on the OCEMA Web site to help shippers understand the changes that ocean carriers are making

U.S. steel imports totaled 2.445 million tons in March, up 32.5 percent from February's weak levels and up 19.1 percent from a year earlier, government data show.

U.S. manufacturing expanded for the fourth consecutive month in April, according to a widely watched index that showed robust exports and an uptick in inventories.

Carriers and ports notched up their security programs Monday morning following the announcement that U.

Hanjin Shipping took delivery of the fourth in a series of five container ships with capacities of 10,000 20-foot equivalent units.

Horizon Lines said its onetime parent, CSX, agreed to a $3 million annual reduction in charter rates on three ships Horizon leases from CSX.

The maritime shipping world as many in the United States see it can be divided into two parts, one under the jurisdiction of the Jones Act, and everything else.

DSV reported higher first quarter revenue and earnings driven by increased volume at its air, sea and trucking units.

Yusen Logistics said its net profit surged 134.4 percent in fiscal 2010, which ended on March 31, from the previous fiscal year to $44.16 million.

Maersk Line announced a general rate increase on Asia-Europe trade lanes as part of what it calls a new "rate restoration initiative."

The U.S. Navy and the Maritime Administration’s marine highway program are sailing on intersecting courses, and the result could bring benefits to all parties.

When Ng Yat Chung takes over as group president and CEO of Neptune Orient Lines in January, the former head of Singapore’s armed forces will bring a very different set of skills to the job of ru

When a federal regulator throws up its hands and admits defeat in trying to pull railroads and key shippers together over a major issue, only one course of action remains: Battle.

U.S. and European shippers beware: It’s going to cost a lot more to import goods from Southeast Asia and the Indian subcontinent through the Suez Canal.

U.S. Customs and Border Protection on Monday will begin pilot-testing automated ocean and rail manifest systems designed for the Automated Commercial Environment.

Container ship charter rates are retreating as a wave of newly-built ships entering the market dulls ocean carriers' appetite for hired vessels.

Caterpillar, a major global manufacturer of industrial, agricultural and transportation equipment including for trucking and rail markets, said it is "experiencing sporadic production disruptions at m

Horizon Lines, already trying to stave off bankruptcy protection, said first quarter losses widened as China-West Coast service got off to a rough start, fuel costs rose and volume was flat in the car

With container carriers trying to muscle into their markets, it’d be natural to think roll-on, roll-off carriers would be losing steam.

Ocean car carrier executives have been working overtime to reschedule sailings across their global networks after the catastrophic earthquake, tsunami and nuclear crisis in Japan ruptured the nation&r

Mediterranean Shipping Co. will increase its bunker fuel surcharges June 1 on all U.S. imports from northern Europe, Scandinavia, the Baltic countries and the Mediterranean.

A federal court in Puerto Rico agreed to reduce Horizon Lines' $45 million fine for antitrust violations to $15 million, an action Horizon said lifts the threat that the company will default on its bo