Container Shipping News

Container ship charter rates are soaring as ocean carriers compete for a dwindling supply of vessels at the start of the peak shipping season.

Container volume at the ports owned by the Georgia Ports Authority jumped by 25.3 percent in May, making it six months in a row of double-digit increases.

APL is moving two senior executives in its European operations into new positions to strengthen global trade lane management and build momentum in the European market, the company said Monday.

Neptune Orient Lines, parent of APL, established a program to issue up to $1.5 billion in medium-term notes that the company said will be used for general corporate purposes.

Emboldened by surging imports and vessel space and equipment shortages likely to persist through October, carriers in the eastbound trans-Pacific ocean trade are increasing freight rates seemingly at

A June 16 briefing report by the California Senate Republican Caucus in Sacramento is the latest to slam the ports of Los Angeles, Long Beach and Oakland for declining competitiveness and to predict a

A Miami exporter of heavy equipment for the construction, farm and trucking industries pleaded guilty this week to trying to defraud the U.S.

U.S. steel imports increased by 4.7 percent in May to 2.2 million tons from 2.1 million tons in April, the American Institute for International Steel said Friday.

The Port Authority of New York and New Jersey acquired the 98-acre Global Terminal on the Port Jersey peninsula in Jersey City and Bayonne.

“K” Line America appointed Takashi Saeki its president and CEO as of July 1.

Goldenport Holdings, the London-listed containership and bulk carrier owner, announced a new $35 million share offering June 25 to fund future vessel acquisitions.

German KG investment funds that bankrolled much of the last decade’s container shipbuilding boom have cut back on lending, but speculation about their demise is “total nonsense,” say

Evergreen Line, China Shipping and CMA CGM will work together to launch an upgraded Asia-Europe AEX7 service.

Vessel utilization factors on services between Asia and the U.S.

The Port Authority of New York and the State of New Jersey agreed to purchase approximately 130 acres of property at the Marine Ocean Terminal at Bayonne, known as MOTBY, which it has been seeking for

Regional Container Lines of Thailand and Middle East-based Simatech Shipping plan to launch a joint container service linking Singapore, Malaysia and the Indian subcontinent, effective this month.

Evergreen Line and Wan Hai Lines will launch the joint Hwa-Bei Strait Service starting early July between China and Southeast Asia.

OOCL notified its customers Friday that it will rates on westbound cargo from Asia to Europe cargo as of July 15.

The first ship on CSAV’s new, weekly all-water service between North Asia and the U.S. East Coast made its first call at the Port of Charleston Thursday on its outbound leg back to Asia.

APM Terminals and the Virginia Port Authority each authorized their leadership Thursday to sign an agreement that will lease APM Terminals’ highly automated Portsmouth container terminal to VPA

The Federal Maritime Commission announced Thursday that Chairman Richard A. Lidinsky Jr. and Commissioner Rebecca F.

Canadian Pacific Railway signed new productivity and performance agreements with the two intermodal terminals at the big container port of Port Metro Vancouver, British Columbia, in deals the partners

The Georgia Ports Authority will replace the engines on 17 of its older rubber-tired gantry cranes with more efficient engines that reduce carbon emissions as the result of the $2.72 million grant it

A consortium of Hapag-Lloyd, United Arab Shipping Company, Hyundai Merchant Marine and China Shipping Container Lines will launch a container service between Southeast Asia and Australia, starting in

Japan posted a trade surplus with the rest of the world for the 14th consecutive month in May thanks to strong exports, especially to the other Asian economies, according to preliminary figures releas

Cheng Lie Navigation, the Taiwanese carrier that is majority-owned by CMA CGM, is launching three new services and upgrading a service linking China to Southeast Asia to meet growing demand on the int

Container ship supply will grow more slowly than forecast, allowing demand to catch up with capacity by 2015 and support higher rates, an industry analyst predicts.

A steady increase in container traffic is putting pressure on drayage operators at the Port of Virginia, including Wyatt Transfer, a Richmond, Va., port trucker.

Ocean shipping lines and trucking companies must cooperate more closely to move freight efficiently through their customers' integrated global supply chains, a maritime industry leader told trucking e

The World Shipping Council said it appointed Morten H. Engelstoft, chief operating officer of Maersk Line to its board to fulfill the unexpired term of retiring director, Knud Pontoppidan of A.P.

Containerized imports at Canada’s Port Metro Vancouver grew 41.4 percent in May to the highest level in 20 months, according to the Vancouver Fraser Port Authority.

The start of the peak-shipping season is still more than a month away, but marine terminal congestion in Los Angeles-Long Beach is mounting so rapidly that harbor truckers are in a state of panic.

Port terminal operator PSA International took full ownership of the second container terminal at India’s southeastern Port of Chennai, after buying out its local partner’s stake in Chennai

With capacity tight and demand strong on the trans-Pacific trade, the world’s three largest container lines are restoring a joint service to the U.S.

With capacity tight and vessel demand strong entering the peak season, Mediterranean Shipping Co.

Hanjin Shipping took delivery of its first container ship with a capacity of 10,000 20-foot equivalent containers units on Wednesday.

The Los Angeles-Long Beach port area ranks first in a new index that rates the desirability of U.S. seaports for industrial development and investment.

A shipload of U.S. corn on Tuesday started unloading in China, marking the first significant shipment of corn that China has imported from the U.S. over the past 15 years.

French ocean carrier CMA CGM denied media reports that it offloaded some of its debt to its NYSE-listed affiliate Global Ship Lease.

The growth of demand from emerging economies, especially China, is helping the global shipping industry recover from recession faster than forecast and will absorb excess vessel capacity, the new pres