Container Shipping News

A.P. Moller-Maersk appointed Henrik Lund as head of the group’s investor relations function. He replaces Anders Mohr Christensen.

The Port of Los Angeles says it will phase in the requirement for employee drivers in port trucking now that the country's largest port has approval from a federal judge to implement portions of the c

Mediterranean Shipping Co. switched calls by two of its trans-Atlantic services, USA 1 and 2, back to Maher Terminal from the Port Newark Container Terminal as of Sept. 1.

The U.S.

French ocean carrier CMA CGM swung to a first half net profit of $864 million from a year earlier loss of $518 million on higher traffic volume and freight rates combined with lower costs.

Spot rates on key container shipping routes are weakening as growth in volume is outstripped by a 19 percent year-to-date increase in vessel capacity.

The port of Hamburg lured several container feeder services from Rotterdam, stemming a year-long loss of market share to its north European rivals.

Greek container shipowner Danaos sunk into the red in the second quarter as losses on derivatives outweighed higher revenue and fatter margins.

The British retailer Argos filed suit in the UK against A.P. Moller-Maersk for $13.9 million, claiming breach of contract in rate increases and services.

Network Shipping, an agent for Del Monte, paid $100,000 to settle charges that it transported empty refrigerated containers to Ecuador and charged below tariff rates on northbound shipments, the Feder

Hapag-Lloyd announced the hiring of Jesper Praestensgaard as its new chief commercial officer on Tuesday.

The U.S. Department of Commerce this week began the task of merging two lists of export products subject to government control.

With global container volume forecast to increase by strong single digits annually in the next five years, port congestion could once again become a problem, says an analyst.

The Indian Shipping Ministry said it plans to augment the country's overall port capacity from the current 1 billion tons to 3.5 billion tons over the next 10 years.

Two terminals in the largest Danish port of Aarhus are merging their facilities into one contiguous deepwater berth with one set of truck gates and dedicated rail service.

The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressure on ocean freight rates, according to a leading industry analyst.

President Obama will sign an executive order to establish a center for coordinating export control enforcement, the White House said Monday.

NYK said Monday it will increase freight rates on containers moving in both directions on its trans-Atlantic services as of Oct. 1.

Thessaloniki, Greece's second largest port, boosted first half container traffic 5.3 percent from a year ago to just over 155,000 20-foot equivalent units.

OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia.

Environmental, community and labor organizations Friday praised the decision by a U.S.

The largest container ship ever to call the Port of Savannah arrived Friday.

The American Trucking Associations plans to appeal the ruling of U.S.

Maersk Line on Friday said it resumed bookings of all cargo for direct loading via the Port of Jawaharlal Nehru (Nhava Sheva), India's busiest container gateway.

The U.S.

Maersk Line said it will go ahead with a previously announced general rate increase on all container cargoes shipped across the North Atlantic in the fourth quarter.

The European Union opened an anti-trust investigation of marine insurance agreements among shipowners to check whether they are blocking rivals from the market.

Norway's Green Reefers, a leading carrier of palletized refrigerated cargo, blamed low spot rates, Russia's six month ban on U.S.

Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebou

Container shipping lines have rebounded from a disastrous 2009, but their fortunes will “change quite dramatically” later this year as vessel capacity continues to rise, warns a new report

The Federal Maritime Commission on Tuesday announced the investigation of a Chinese non-vessel-operating common carrier for violations of the Shipping Act.

Cosco and China Shipping Container Line, which operate China’s two largest container carriers, have joined the parade of ship lines that have returned to profitability after losses in 2009.

German ocean container carrier Hapag-Lloyd will mull plans to issue a $630 million corporate bond and extend existing credit lines at a meeting of its supervisory board on Thursday, according to Finan

Georgia's Port of Savannah reported the busiest month for container shipments in its history in July, with 251,126 20-foot equivalent units moving through the port in an accelerating shipping rec

Orders for big-ticket manufactured goods rose 0.3 percent in July but only because of a 76 percent jump in sales of commercial aircraft, the Commerce Department said.

The Indian Shipping Ministry agreed to temporarily relax cabotage regulations to allow foreign shipping lines to transport containers between the ports of Jawaharlal Nehru (Nhava Sheva), Mumbai, Mundr

Forth Ports, the UK’s only listed ports operator, increased first half profits 29 percent from a year ago on strong container growth and cost cuts.

Clarksons, the world’s biggest ship broker and shipping services company, boosted first half pre-tax profit 49 percent, driven by a recovery in shipping markets as a result of increased international

Japan's exports grew for the eighth consecutive month in July, but the pace of that growth slowed for the fifth month in a row as the yen gained strength and the global economic recovery faltered.

Cosco Pacific said its net profit for the first half jumped 81.7 percent as its container terminal volume increased and the company booked an $84.7 million gain from selling its stake in Cosco Logisti