Container Shipping News

New York-New Jersey marine terminal executives testified they're doing what they can to chip away at inefficient labor practices such as paying union timekeepers up to 27 hours a day, but they said th

California's ocean and air cargo exports increased by double digits in September compared to the same month last year, marking the 11th consecutive year-over-year monthly increase in the state's expor

Chinese officials assured a U.S.

Lua Cheng Eng, who built the regional Neptune Orient Lines business into a world shipping power through the landmark 1997 merger with APL, died in Singapore on Nov. 9.

Kintetsu World Express, Japan's second-largest forwarder, earned net profit of $48.84 million in the six months to Sept. 30, more than double its profit in the year earlier period.

A.P.

The U.S.

International Longshoremen’s Association official Harold Daggett said he’s ready for “war” with container lines transferring intermodal chassis service to companies outside the

Memphis-based third party logistics provider Mallory Alexander International Logistics expanded into the Charleston, S.C., market with the acquisition of forwarder Tradesource from Atlantic Services G

A company that develops explosive-detection equipment for the military is expanding into the cargo world with technology that can sniff out bombs.

Truckload demand increased and capacity tightened in the first week of November following three straight weeks of decline, according to Longbow Research.

Several big Asian shipping lines say they are planning to order new container ships to meet the ongoing recovery in demand for container capacity.

Maersk Line is notifying trans-Atlantic customers of three increases in freight rates the world's largest container ship operator is planning for 2011 on that trade lane.

Danaos, the Greek container ship owner, reported third quarter net income shrunk to $970,000 from $16.4 million a year earlier as it revealed an agreement to delay final payment on eight vessels it or

Hamburg Sud, the German liner company that specializes in the north-south trades, christened a new container ship on Monday in Callao, Peru.

Deutsche Post DHL swung to profit in the third quarter after a year earlier loss. The change was driven by surging ocean and air cargo volumes and “extraordinarily high” freight rates.

FedEx Trade Networks, pushing deeper into the ocean forwarding business, is adding five stations in Europe, including an office at the Port of Antwerp, the company announced Monday.

DP World filed an updated prospectus for a $5 billion bond program to fund expansion of the Dubai-based company's global container terminal network.

The NYK Altair, the newest in NYK Line's series of vessels with a reduced environmental footprint, served Hamburg over the weekend on its maiden voyage.

Mediterranean Shipping Co. will increase the surcharges for bunker fuel and currency on cargo between Europe and South Asia as of Dec. 1.

United Arab Shipping Company will launch a container service between the Indian subcontinent and North Europe in late November.

APL’s average revenue per container declined 2.8 percent in October from the month before, reaching its lowest point since June, as demand leveled off at the end of the peak ocean container shipping s

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

Container ship lines enter the slack winter season hoping to stick with the formula that’s begun to reverse last year’s $15 billion in losses.

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.