Container Shipping News

Damco, the logistics arm of the A.P. Moller-Maersk Group, appointed Humberto Florez to head up the company’s business in Latin America, effective April 1.

APL is extending its North Asia Philippines Express feeder service to cover Central China and Manila in the Philippines this month.

Danaos took delivery of the two biggest container vessels it has ordered to date and the first to be financed under the Greek shipowner's recently agreed refinancing program.

Japan's sea and air cargo exports will sink between 4 percent and 5 percent in the first half of fiscal 2011 from a year earlier in the wake of the devastating

Two federal regulatory agencies, the Food and Drug Administration and Consumer Product Safety Commission, are stepping up their inspection activities to prevent unsafe food products and consumer goods

Three U.S.

An accord between the U.S.

Freight shipments jumped 6.9 percent in March, with tonnage increasing across transportation modes, according to the Cass Freight In

DP World, the global container terminal operator, said it will seek shareholders approval for a one-for-20 reverse stock split in a bid to boost its share price ahead of a planned listing in London.

Moody's assigned a provisional Ba3 rating to CMA CGM and judged the outlook for the world's third largest ocean containe

The Port of Houston Authority awarded nearly $35 million in contracts for design and construction of additional entry and exit gates for the Bayport container terminal.

Ocean carriers are committed to ending the 50-year-old practice of supplying chassis to their customers in the U.S., but industry experts predicted it will take several years before equipment supplier

Richard D.

Japan will hold its sixth round of policy dialogue on maritime affairs with the European Union in Tokyo on Thursday with the ongoing nuclear crisis in Japan topping the agenda, the Ministry of Land, I

Shipping research group Clarksons is forecasting worldwide container ship capacity will grow only 7 percent this year and 9 percent next year, a relatively low expansion despite large outstanding orde

MOL merged subsidiaries International Marine Transport and MOL Tankship Management, effective April 1.

TUI confirmed it is talking with potential investors about the sale of its stake in German ocean container carrier Hapag-Lloyd but did not reveal their identities.

Container traffic through India’s Port of Jawaharlal Nehru reached an all-time high in fiscal 2010-11 ending March 31, buoyed by a strong turnaround in the country’s foreign trade.

Crowley Maritime is restarting the second weekly service to Haiti from the Dominican Republic and South Florida.

Global ocean container traffic reached an all-time high of 560 million 20-foot equivalent units in 2010, driven by surging volume at Chinese ports, according to Alphaliner.

A senior official at CMA CGM says the world's third-largest container line will not participate in a freight rate

The Commissioner of Customs feels the partnership between his agency and the private sector has done a good job in extending cargo security beyond the borders, but more must be done to streamline the

Onyx Investments, an Omani government-owned sovereign wealth fund, took a 15 percent stake in Hapag-Lloyd, an official at the parent company of Onyx said on Monday.

Paragon Shipping unveiled plans to raise almost $200 million through an initial public offering of shares in its recently established container ship unit Box Ships, Inc.

The United Kingdom's Freight Transport Association unveiled a standard maritime contract on Monday the shipper-focused group believes can bring more structure to shipper-carrier relationships that hav

"K" Line, which already owns 50 percent of German heavy-lift carrier SAL Group, reached agreement to acquire the remaining 50 percent by the end of June.

APL’s container volume increased 12 percent in the four-week period from Feb 12 to March 11 compared to the same period last year, APL parent Neptune Orient Lines reported Monday.

Pacer International named Daniel L.

Japanese and foreign shipping firms urged the Japanese government to take further action to minimize the effects on their business of radiation fears amid the

The Port of Baltimore will get a leg up on many East Coast competitors next year when the new berth at the port’s Seagirt Marine Terminal opens two years ahead of schedule.

The trans-Atlantic shipping business is the epitome of a mature market.

When the 2008-09 global economic and trade recession sent ocean shipping freight rates for U.S. imports of Asian goods spiraling, it drove several carriers to the brink of bankruptcy.

Horizon Lines expects to default on its debt covenants this year, a development the company’s accountant says raises “substantial doubt” about the largest U.S.

A consortium led by APM Terminals, the terminal-operating division of A.P.

A Taiwanese company must pay $1 million in fines and penalties after pleading guilty in U.S.

Danaos secured fresh funding of $818 million to complete a comprehensive financial restructuring of the charter container shipowner.

APL will begin radiation scanning next week of containerized Japanese exports delivered to the shipping line’s marine terminal in Yokohama for transport on APL vessels.

Grand Alliance members Hapag-Lloyd, NYK Line and OOCL, together with alliance partner Zim Integrated Shipping Services, are teaming up with Hyundai Merchant Marine to launch an all-water service from

Trailer Bridge, hurt by falling charter and Puerto Rico business, reported a loss of $2.9 million in the fourth quarter of 2010, pushing the debt-saddled company to a $2.3 million loss for the full ye

Eight of the 14 container terminals at the Los Angeles-Long Beach ports, pointing to slow cargo volume since the Chinese New Year, have suspended one off-peak gate per week until demand picks up.