Container Shipping News

CMA CGM thinks the supply of vessel capacity on the trans-Pacific this year needs to be expanded to meet growing demand in both directions, so it and its

APM Terminals March 1 announced a $1 billion investment in a container port in Costa Rica.

Trade using surface transportation between the U.S. and Canada and Mexico posted a year-to-year gain of 13.8 percent to $66.5 million in December, the Transportation Department reported.

Maersk Line plans to enhance its trans-Pacific service network at the end of May by expanding port coverage to the Yangtze River and other outlying cities.

Econocaribe Consolidators, a Miami-based non-vessel-owning common carrier, is joining INTTRA, the e-commerce platform established by 30 shipping lines for cargo booking.

Kuehne+Nagel reported 2010 net profit grew 28.7 percent from the previous year on sharply higher ocean and air freight volumes and gave an upbeat assessment of prospects for 2011.

U.S. steel imports increased month-to-month 9.4 percent in January from December, according to preliminary government data.

NYK Logistics (Americas) announced Monday that Michael Noone is joining the company as chief operations officer on March 1.

Ocean container carriers are losing money on key trade lanes, including the Asia-Europe route, as margins come under increasing pressure from rising fuel prices and weakening freight rates, according

Mississippi engine importer PowerTrain and its Wood Sales Company and Tool Mart operations will pay a $2 million civil penalty to settle federal claims that it sold nearly 80,000 non-road engines and

Maersk Line launched a new weekly service this month linking ports on the U.S. East Coast with Peru and Ecuador.

German ocean carrier Hapag-Lloyd, which came close to collapse during the container shipping slump, earned a record $1.25 billion in 2010 compared with a year earlier loss of $142 million as the globa

Maersk Line’s recent order for 10 ships with capacities of 18,000 20-foot equivalent units apiece cements its position as the world’s largest container line, according to Alphaliner.

The South Carolina State Ports Authority said it has moved Charleston's roll-on, roll-off cargo-handling to the Columbus Street Terminal, which has been undergoing a $21.7-million expansion designed t

In two decades as a shipper and a motor carrier, Craig Dickman grew increasingly dissatisfied with what he calls the “black box” of diesel fuel surcharges.

The Federal Maritime Commission is taking steps to deregulate the commercial market for freight forwarders in ocean container shipping, but not making the big leap.

CSAV, CMA CGM and China Shipping Container Lines will pool vessels in a new service starting in April between Asia and Mexico's West Coast, the Caribbean and the north coast of Brazil.

Dockwise reported lower revenue and earnings for 2010 but forecast a rebound in 2011 as higher crude prices boost demand for heavy-lift transport in the offshore oil and gas sectors.

Two private equity groups have acquired a controlling interest in the world's largest owner-lessor of marine containers Triton Container International.

The TCP Paranagua Container Terminal received a call this week by the Maipo, the largest vessel ever to call at Brazil's third-largest container terminal.

CMA CGM swung to a net profit of $1.63 billion in 2010, from a year earlier loss of $1.4 billion, driven by higher cargo volume and freight rates and cost cuts.

Horizon Lines said it is in discussions to sell its logistics unit and expects to report lower fourth quarter results next Thursday.

Horizon Lines agreed to plead guilty and will pay $45 million in fines for antitrust violations in the Puerto Rico trade.

NYK Line plans to increase its trans-Atlantic freight rates on cargo moving in both directions as of April 1.

The Coast Guard is proposing changes in regulations to clarify the requirements for rebuilding Jones Act ships at U.S. shipyards.

Norway's Green Reefers, a refrigerated cargo ship operator, reported fourth quarter 2010 pre-tax losses widened to $24 million from $18.7 million a year ago on historically low spot freight rates, fla

Mediterranean Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.

The UK port of Southampton received government approval for a $130 million project that will enable it to handle the largest container ships.

Container shipowner Seaspan said it is negotiating to order up to 10 new ships that would carry up to 10,000 20-foot equivalent units each and have “an innovative design that focuses on improving load

United Arab Shipping Co. plans to move its U.S.

UPS is expanding its Preferred LCL Ocean Freight Service to 10 additional Asian ports, thus taking on a bigger role as NVO.

All Libyan ports and terminals have been temporarily closed amid violence in the North African country, CMA CGM said on Wednesday.

OOCL is joining CMA CGM’s India-Pakistan-Europe service as of April 1.

Japan and Mexico reached terms on which to revise their free trade agreement to further liberalize bilateral trade.

Japan posted its first trade deficit in 22 months in January as the cost of oil drove up imports.

French carrier CMA CGM will seek a general rate increase on the westbound trades from India to Europe, as part of what it calls a new rate restoration program.

APM Terminals boosted earnings 60 percent in 2010 from the previous year as profit from the disposal of a stake in China's Yantian terminal outweighed the loss of global market share.

Spot rates on a key trans-Pacific container route dipped 6 percent this week, their second consecutive weekly decline since the Lunar New Year, amid signs of market instability, Drewry Shipping Consul

Four Asian carriers plan to launch all-water bi-weekly service from Asia to the East Coast of South America, adding capacity on the trade route they already serve with a weekly service.

A.P.