Container Shipping News

Shipping Corporation of India substantially increased profit in the second quarter by eliminating losses from its container operations and markedly improving gains in bulk operations.

CMA CMA added a new import call at Rotterdam on its recently launched French Asia Line service in a move it says will cut transit times between Asia and North Europe.

France's sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, an FSI spokesman said on Thursday.

Hapag-Lloyd will start using a fuel-saving system designed by Eniram, a Finnish software and engineering firm that provides dynamic decision support systems for the shipping industry.

CMA CGM's Victory Bridge's upgraded service will start calling at the Port of Miami in November, providing a new service linking North Europe to the U.S.

Maersk Line, Limited, the U.S. subsidiary of A.P. Moller-Maersk, will help implement a U.S.

Container shipping is likely to see “moderation” in container freight and charter rates until at least 2013 as capacity rises faster than demand, Seaspan Corp. CEO Gerry Wang said.

The Colonel’s Island Terminal in the Port of Brunswick recorded its highest tonnage volume ever in the fiscal year ended June 30, 2010, as agri-bulk and automobile shipments rebounded from the 2009 re

A marine terminal executive at the Port of New York and New Jersey questioned whether the port’s infrastructure will be ready to handle larger ships that may come to the port with the expansion

U.S.

Cosco Pacific, the third-largest terminal operator in Asia, more than doubled its profit in the third quarter because of the revival in container volume and higher freight rates.

Canadian customs broker Livingston International, looking for leadership to expand its business in North America, named former Maersk Inc. Chairman John Clancey chairman of the board of directors.

Hapag-Lloyd plans to raise an additional $210 million from private investors as a part of a refinancing following strong demand for the German ocean container carrier's $700 million bond issue in earl

Shipyards are due to deliver 278 container ships of 1.42 million 20-foot equivalent units capacity in 2010 following record deliveries in the third quarter, a leading analyst forecast.

Braemar Shipping Services, the UK-based provider, on Tuesday reported its pre-tax operating profit increased 3 percent to $11.4 million for the six months ended Aug.

Horizon Lines said Monday it will add some 12,500 new containers to its international and domestic shipping network to support the launch of its new weekly liner service between China and the U.S.

Fesco, owner of Russia's biggest ocean container carrier, reported first half revenue jumped 34 percent from a year ago, driven by gains at its shipping, logistics, rail and ports units.

Demand for ship operators and freight traders remains strong in Europe and Asia, according the annual Maritime Employment Review for the commercial shipping market published Monday by the Faststream R

Japan's exports to the rest of the world grew for the 10th straight month on a year-on-year basis in September, rising 14.4 percent to $72.14 billion, according to preliminary figures released by the

APL said Monday it will begin burning cleaner fuel in every vessel calling at the Port of New York and New Jersey.

DP World reported container traffic at its 50 terminals rose 14 percent in the third quarter from a year ago to return to the pre-recession peak of 2008.

Somalia-based pirates are holding a German project cargo ship they seized off the coast of Kenya — the second foreign vessel captured in the region in as many days.

Shipping, like life, has leaders and followers. Hanjin Shipping, South Korea’s largest ocean shipping company, falls comfortably into the ranks of the latter.

Mexico is trying to make itself more business-friendly, and it’s embarked on a 12-step program to do it.

Throughout its 33-year life, Hanjin has leveraged its growth through vessel-sharing agreements with other carriers.

1. Facilitate Mexican exports to Europe and Latin America by reducing the time it takes to get a certificate of origin, and simplifying the Eligible Products Register.

Container ship line APL continues to make up lost ground. Parent NOL Group posted third quarter net profit of $282 million, a turnaround from a $139 million loss a year earlier.

China may have risen to the top of the manufacturing universe, but it hasn’t been able to knock Singapore from its perch as the world’s largest container port.

Dagfinn Lunde is a long-term optimist and a short-term pessimist.

Shipping lines in the trans-Pacific are prepared to reduce capacity during the winter slack season, and shippers are anxious to hear what their plans are.

The U.S. will impose dumping and anti-subsidy duties on glossy paper from Indonesia and China after the U.S.

Seaspan, which owns container ships and charters them to operators, signed two financing transactions that will enable the company to fully finance ships it has ordered without issuing additional equi

Domestic ocean carrier Horizon Lines said soft mid-year shipping volume produced declines in third-quarter net profit and operating income despite higher revenue from logistics services and fuel surch

Container traffic in Rotterdam increased 17 percent in the first nine months of 2010 from a year ago to 8.4 million 20-foot equivalent units, putting Europe's top container hub on track to match the r

French labor unions called for two more days of nationwide strikes and street demonstrations to protest the government's controversial pension reform plans.

CMA CGM will launch direct service to Vietnam from northern Europe on Nov. 9, deploying the largest container ships to serve the Asian nation.

American wheat is flowing to Europe and North Africa through Great Lakes ports as never before, and Adolph Ojard at the Port of Duluth, Minn., gives credit for that to the Russians abroad and "a bount

Orient Overseas Container Line reported third quarter revenue soared 65.5 percent from a year ago to $1.57 billion driven by sharply higher cargo volume and freight rates across its global network.

Global crude steel production for the 66 countries reporting to the World Steel Association crept up slightly in September from the same month in 2009.