Container Shipping News

In the battle to win discretionary cargo destined for the Midwest, the competition among East and West Coast ports can be cutthroat.

When Gill Hicks was general manager of the Alameda Corridor Transportation Authority in the 1990s, the key to securing approval and funding for what was then the nation’s costliest freight infra

Shippers aren’t counting on the new, larger vessels coming into container ship fleets to change the balance of capacity and demand anytime soon.

Zim Integrated Shipping Services will sell its minority stake in the Tin Can Island Container Terminal at the Port of Lagos to a new joint venture between China Merchants Holdings and the China-Africa

Zim American Integrated Shipping Services said it will upgrade its weekly fixed-day SAX service this month from the U.S. Gulf to the East Coast of South America.

Container volume at six major North European ports will increase 10.8 percent this year over 2009 despite a decline in the fourth quarter, according to the new Global Port Tracker: North Europe Trade

Containerized imports are slowing at the 10 major U.S.

The total volume of loaded containers moving through the Port of New York and New Jersey dropped 7.9 percent in September from August, making it the second month in a row of volume declines.

“K” Line said it will start offering more container slots between Honolulu and Asia next month on an existing service between Asia and the West Coast of South America.

Ocean carrier Matson’s operating profit surged 67 percent in the third quarter on 14 percent growth in revenue as the China trade boomed, supporting a 20 percent increase in parent company Alexander &

Container ship owner Costamare fell $100 million short of its maximum target in an initial public offering in New York.

Hanjin Shipping said it swung to a profit of $196 million in the third quarter ended Sept. 30, compared to a loss of $338 million in the same quarter of last year.

The Drewry Container Rate Benchmark fell 5 percent in the most recent week, leaving the spot market pricing measure down 23 percent from the year’s high point set three months ago.

The Federal Maritime Commission is seeking public comments and information to help in its three-year study of the effects of the European Union's repeal of ocean carrier antitrust immunity.

Yang Ming Marine, Taiwan’s second largest container line, posted a record profit and revenue in the third quarter, which ended Sept.

The American Trucking Associations and the Port of Los Angeles Tuesday asked the U.S. Court of Appeals for the 9th Circuit for an expedited hearing of their appeals in the port's clean-truck case.

Hanjin Shipping said it reached an out-of-court settlement in London with Sumitomo Bank of Japan and South Korean container-leasing company Unitas over who owns 5,900 disputed containers.

OOCL confirmed Tuesday that it has been using low sulfur fuel in Hong Kong since the beginning of the year as part of the Fair Winds Charter, a voluntary shipping industry initiative.

Port Manatee is set to receive $9 million from the U.S. Department of Transportation as part of the second round of the Transportation Investment Generating Economic Recovery grant program.

The volume of containers handled by the Port of Jacksonville increased 10 percent to a record of 826,580 20-foot equivalent container units in fiscal 2010 ended Sept.

Canadian National Railway and North America Stevedoring Company, a unit of Quebec Stevedoring, said they will soon build a multi-modal steel trans-loading facility in Chicago, to tap what is already t

CSAV said it will restart its services to West Africa next month with the introduction of the West Africa Explorer service between South Africa and Ivory Coast, Ghana, Benin, and Nigeria.

French ocean carrier CMA CGM is conducting trials of a new eco-container manufactured with non-wood composite flooring.

OOCL announced the second phase of its policy to drop chassis coverage as part of its services on Monday, adding seven cities to the areas where it will no longer provide equipment for trucking ocean

The Port of Charleston received its first ship in a joint service between North Europe, the U.S. Gulf and Mexico with the visit of CSAV’s Box Voyager.

Hamburg Sud is adopting the EquipmentRepair system from International Asset Systems to manage its global container maintenance and repair program.

OOCL introduced an application called Mobile Rates of Exchange on Nov. 1 that gives shippers access to inbound and outbound rates of exchange for a particular port from their cell phones.

With more large retail store chains demanding “greener” supply chains, Maersk Line is becoming the first shipping line to receive independent verification of its CO2 emissions data, vessel by vessel.

Breaking with other container lines in the World Shipping Council, the chairman and CEO of Mediterranean Shipping Co. in the U.S.

Mediterranean Shipping Co. will start charging a higher bunker adjustment factor next month on all cargo it carries on its Capricorn Service from Southeast Asia to Australia and New Zealand.

Hanjin Shipping, which operates five Asia-North Europe loops jointly with CKYH, said it will skip one loop in January and plans to skip more voyages on the other four loops to adjust capacity to lower

The port of Marseille is clearing a backlog of more than 60 ships after dockworkers at the Fos-Lavera oil terminal ended their month long strike over working conditions.

Japanese forwarder Yusen Logistics said its net profit surged 756.4 percent in the six months ending Sept. 30 from a year earlier to $26.4 million as economic recovery in Asia outpaced sluggish U.S.

APL will launch weekly intra-Asia service this month linking China, Indonesia, Malaysia, Singapore and Thailand.

There’s some shipping magic in the Magic City.

For an office at the heart of the federal government’s effort to harmonize international trade compliance and enforcement, Customs and Border Protection’s Commercial Targeting and Analysis

Cai Lan International Container Terminal, a joint venture between Cai Lan Port Investment Joint Stock Company and Carrix, entered into a loan agreement with a consortium of lenders and plans to move f

China Shipping Container Lines reported third quarter net profit of $322 million as revenue more than doubled to $1.7 billion.

China Cosco Holdings said it had third quarter net profit of $314 million, compared with a loss of $106 million a year earlier, as higher container volume and rates offset weakness in the company’s bu

Japan’s three largest ocean carriers raised their profit forecasts for the next six months as they reported improved results for the July-September quarter.