Container Shipping News

Shipbuilders postponed delivery to OOCL of four new containerships partly because of production delays.

A strong surge in exports pushed container volume at the Port Authority of New York and New Jersey up 11.6 percent year-over-year in October, restoring recovery momentum at the East Coast’s largest po

Hapag-Lloyd swung to an operating profit of $631 million in fiscal 2009/10, from a year earlier loss of $875 million, as cargo volume and freight rates increased, and the company cut costs.

Ocean carriers are chasing market share on the key Asia-Europe container trade lane by increasing capacity despite the steep slide in freight rates in recent months, an analyst said.

Hapag-Lloyd ordered four container ships of 13,200 20-foot equivalent units capacity from Hyundai Heavy Industries.

Somali pirates Saturday released a bulk cargo vessel and its crew.

CSAV said Monday it placed a firm order for two 8,000 container ships with capacities of 8,000 20-foot-equivalent container units.

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Zim Integrated Shipping Services said it completed the sale of its 8 percent stake in a joint venture that plans to build and operate about 18 rail freight terminals in China.

The New World Alliance plans to introduce its first direct container ship service from Vietnam to North Europe in January, a significant addition to Vietnam's new Cai Mep International Terminal.

This is no time for U.S. ports to be complacent.

Ronald Goldstock is regarded as the father of the independent private sector inspector general.

The peak season is already here in the westbound trans-Pacific, and shippers and carriers are feeling strains in the market even as confidence in shipping volume grows.

The JoC’s rankings of the Top 40 Container Lines by import and export volumes for the first nine months of 2010 provides a s

December is usually when carriers in eastbound Pacific lanes suspend services and lower freight rates for the winter slack season, but in a year that has been anything but usual, the calendar is provi

Gary LaGrange believes keeping navigation channels open at the mouth of the Mississippi River is much more than a local problem.

A major shipper group is decrying the Federal Maritime Commission’s lack of action on a nine-month investigation into ocean carrier practices on the Pacific and says it may take legal action to

Shipping on the St. Lawrence Seaway and the Great Lakes is winding up the year with strong growth based on staples of grain exports along with imports of iron ore and steel.

President Obama said the U.S. is "on track to meet" his goal of doubling exports in five years, and his administration is taking additional steps to maintain the momentum.

Maersk Line said it is struggling to connect exports via terminals in India’s Port of Chennai because of severe port congestion and a sudden shortage of container trucks that is crippling outbound car

Independent Container Line announced a restructuring of its U.S. sales team with the appointment of new vice presidents of sales for the northern and southern regions.

The Federal Maritime Commission on Thursday accepted the final report from a nine-month investigation into vessel capacity and equipment shortages. The commission will form committees to follow up.

The House on Thursday by a narrow margin passed a bill that would give new authority to the Food and Drug Administration to recall products and inspect food processing facilities.

The Jacksonville Port Authority authorized its executive director to negotiate for a contract to build a new container terminal for Hanjin Shipping.

Waiting ships started passing through the Panama Canal Thursday after it was closed for 17 hours because of flooding.

Container ship charter rates are falling as ocean carriers sit out the seasonally slack fourth quarter and reassess their capacity requirements amid uncertainty over cargo volumes and freight rates go

Hanjin Shipping announced a series of rate increases Wednesday for Asia-Europe services starting Jan.

National labor organizations intensified their attack on the classification of harbor truck drivers as independent contractors with the release Wednesday of the report, "The Big Rig: Poverty, Pollutio

Vessel movements came to a near standstill Tuesday at India's eastern Port of Kolkata, local shipping sources said.

The Port Authority of New York and New Jersey plans to spend almost $65 million to upgrade three of the major roads truckers use to transport cargo to and from the agency's three New Jersey container

OOCL may place an order for huge container ships, each of which would have almost 50 percent more capacity than any ship in its fleet, a senior executive told a Hong Kong newspaper.

A federal judge delayed a ruling on the approval of a $52.25 million class-action antitrust settlement by U.S.-Puerto Rico carriers until he decides on a payment plan for plaintiffs’ lawyers in

CSAV is upgrading its service between the west coast of South America and the U.S.

INTTRA extended its e-commerce platform for the ocean freight industry to enable all forwarders and shippers to use its electronic standardized business process for all container shipments.

The owners of Hapag-Lloyd hired three investment banks to prepare for a possible initial public offering for the German ocean container carrier in 2011, the TUI travel company and the Albert Ballin co

AGL Resources agreed to acquire Nicor, parent of Caribbean carrier Tropical Shipping, in a $2.38 billion cash-and-stock deal that would combine two regional natural gas distributors.

Indian garment manufacturer Smart Garment is accusing Worldlink Logix, an Iselin, N.J., freight forwarder of fraud and violations of the Shipping Act for alleged mishandling of the delivery of two con

Ocean container carriers may struggle to push through freight rate hikes planned for January, an analyst said.

U.S. officials are predicting an increase of $10 billion to $11 billion in exports to South Korea following the endorsement on Friday of a new free trade agreement.

Container truck drivers late Saturday called off a five-day strike at the Port of Cochin, restoring the movement of ocean freight traffic to and from India Gateway Terminal.