Container Shipping News

French ocean container carrier CMA CGM is close to agreeing to the sale of a 20 percent stake to Turkish family owned company Yildirim for $500 million, according to French media reports.

APM Terminals signed a 25 year concession agreement to operate and modernize the port of Monrovia, paving the way for a $120 million investment in its first fully-owned container terminal in Africa.

Grand Alliance members Hapag-Lloyd, NYK and OOCL said Wednesday they are reducing capacity for the slow winter season between Europe and the Far East.

Wilh Wilhelmsen and Wallenius Lines ordered two new car/truck carriers, signaling a recovery from the deep slump in the ocean car transport market that forced the two companies to lay up and scrap ves

Despite the widespread attention paid to attacks by Somali pirates on international shipping in the Gulf of Aden, the true costs of these attacks to the maritime insurance industry are still uncertain

CargoSmart, a provider of logistics software, Tuesday introduced an Import Control System filing service that will allow ocean carriers to comply with the upcoming European Union Regulation 1875/2006,

Mediterranean Shipping Co. said it will impose a low-water surcharge starting Oct.

Container throughput at the Port of Baltimore surged by 21.7 percent in August to 57, 510 20-foot equivalent units, compared to the 47,259 TEUs in the same month last year when trade was severely impa

The Shipping Corporation of India announced a general rate increase on the westbound trades from India to Europe, the fourth GRI this year.

French Dockworkers Oct. 12 joined a 24-hour nationwide protest, crippling major ports as well as rail and air transport in Europe's second largest economy.

INTTRA said it has been issued three patents for technology related to several of its products and services, including multi-carrier track and trace functionality and booking functionality.

Somali pirates hijacked a multi-purpose Japanese vessel called the Izumi off the coast of Kenya over the weekend. The ship has not been heard from since soon after its capture.

Beluga Shipping, the heavy lift and project cargo carrier, and Hochtief Construction jointly ordered a specialized jackup vessel designed to speed up the assembly of offshore wind turbines.

Global container terminal operators face "very strong" competition on costs in the face of slowing traffic growth and surplus capacity in key markets, the head of APM Terminals said.

Container lines are putting profits ahead of market share, a change that is redefining shipper-carrier relations, Drewry Shipping Consultants said in its Annual Container Market Review & Forecast.

APL’s average revenue per container dipped last month for the first time this year as the carrier’s container volume leveled off.

For importers of holiday merchandise, it was Christmas in August as well as July.

Moving perishable and frozen commodities is a precise and challenging job in the best of conditions.

PRODUCE MARKETING ASSOCIATION: It is an upbeat time. Economies are strengthening, and I think there is a great deal of optimism in the market.

There’s perishable and then there is really perishable. Rainier cherries, the cream of the cherry crop, are generally put in the second category and given kid-glove treatment during transport.

In January 2002, then-Customs Commissioner Robert C. Bonner held up a padlock-like device to an audience at the Center for Strategic and International Studies.

On Sept.

A U.S.

Container terminal operators spend millions of dollars on sophisticated cargo-handling equipment, but at the end of the day, it’s the capture and transmission of data that moves the cargo.

The Alpherium Terminal opened Oct. 1 in the village of Alpen aan den Rijn, making it possible to ship Heineken beer and other products via barge instead of truck to the Port of Rotterdam.

European exports to Asia, North America, India and the Middle East and Australasia/Oceania dropped in August, according to Container Trade Statistics, a British information service.

A.P.

Container volume at major ports in India increased 11 percent in the first half of fiscal 2010-11 ending Sept. 30, the Indian Ports Association said in a statement Thursday.

The Ivory Coast's Port of San Pedro plans to invest $522 million together with Mediterranean Shipping Co.

The U. S.

Russia's port sector is attracting increasing interest from foreign investors as a recovering economy boosts imports of consumer products and capital goods.

The volume of containers handled by India’s Port of Mumbai surged 36 percent in the first half of fiscal 2010-11 ending Sept. 30, the port authority said Wednesday.

Do you have a question about intermodal development, rail and the economy, or a general surface transportation and freight shipping concern?

Applied Weather Technology, a provider of ocean voyage routing software, is opening offices in Singapore and Tokyo to expand its services in the Asia-Pacific region.

U.S.

Yang Ming Marine will quit providing intermodal chassis to customers at nine locations in the eastern United States.

Container ship lines have yet to prove they can manage vessel capacity well enough to ensure long-term profitability, the chief executive of Japan’s NYK Line said.

Emirates Shipping Line plans to buy slots on the China India Express service operated by Hyundai Merchant Marine between North and Southeast Asia and India.

APL will begin using cleaner-burning fuel in the 85 ships that call at Hong Kong every week, sharply reducing the carrier's emissions at the port.

Safmarine Container Lines reorganized its regional structure to create a new regional unit for its services to and from the Indian Subcontinent.