Container Shipping News

Prices for new maritime containers are close to the highest point in 20 years, driven by a rush of new orders from ocean carriers and container leasing companies in response to a growing shortage of b

Crowley Maritime is realigning its liner and logistics sales, pricing, customer service and marketing groups and reassigning several of its senior executives to new responsibilities.

Rebounding demand for steel and the iron ore to make it is causing an 18 percent increase in St.

The United Seamen's Service said it will award its Admiral of the Ocean Sea Awards for 2010 to Thomas J. Bethel, national president of American Maritime Officers, and to William A.

Former Matson President and CEO Michael S. Wasacz died June 20 in San Francisco at age 73.

Chilean carrier CSAV called APM Terminals' New York-New Jersey terminal Monday on the initial voyage of the carrier's new Panama Canal service from Asia to Central America, the Caribbean and the U.S.

The surge in imports from Asia that has caught carriers and their customers by surprise will continue at least into the autumn peak-shipping season, says a shipping executive.

The U.S.

Diana Containerships, a majority-owned subsidiary of the Greek dry bulk shipowner Diana Shipping, acquired two new container ships 10 weeks after its establishment.

Evergreen Line said the officers and crew of its container ship Uni-Pacific rescued seven Indonesian seafarers who had fallen into the Java Sea near Jakarta on June 16.

The volume of containers transported by APL in May rose 34 percent from a year earlier, as its average revenue per 40-foot container climbed 19 percent, which reflected the start of annual increases i

Major ocean carriers operating to and from India plan to increase rates on key trade lanes, starting in early July.

Debbie McMillan, director of operations at Derco Foods in Fresno, Calif., was surprised recently when an ocean carrier representative said her exports of dried fruits and nuts were not paying “m

Leaders of the Senate Agriculture, Nutrition and Forestry Committee this week joined the chorus of lawmakers and shippers asking what can be done about equipment shortages and vessel capacity that are

U.S.

European Union regulators cleared Danish shipping line DFDS to complete its $425 million acquisition of rival roll on-roll off carrier Norfolkline from A.P.

APL Logistics, a unit of Singapore-based Neptune Orient Lines, opened a state-of-the-art container freight station near Bangladesh’s busiest Port of Chittagong.

Overseas Orient Container Lines is raising rates next month for shipments from South China to Australia, adding new lanes to the price hikes the operator has been announcing in the Australia trade.

Pier 1 Imports says tighter supply chain controls boosted a sharp improvement in margins on home furnishings merchandise in its fiscal quarter ending May 29, pushing the retailer to its first operatin

DP World negotiated an extension of its contract to operate the container terminals in the Port of Maputo, Mozambique, to 2033 with an option to extend for a further 10 years.

The Drewry trans-Pacific Container Rate Benchmark jumped 18.9 percent in the past week to the highest level ever in the five-year history of the trans-Pacific spot pricing index.

Maersk Line said it will start manufacturing new containers in response to an “unprecedented” sh

Hapag-Lloyd and Evergreen Line announced plans to increase rates on some of their India services.

Severe terminal congestion at India’s Port of Jawaharlal Nehru prompted shipping lines to divert northern hinterland cargo to neighboring west coast ports such as Pipavav and Mundra.

The first vessel on a new all-water service operated jointly by MOL and “K” Line called at Jacksonville early Wednesday.

U.S.

DHL Global Forwarding and sister company Danmar Lines are launching a trans-Atlantic expedited less-than-containerload service connecting 19 European ports and New York.

The port of Felixstowe took delivery of three of the world's biggest ship-to-shore gantry cranes for its new deepwater container terminal.

Maersk Line is telling its customers to expect a shortage of container availability for exports out of Asia lasting through the peak season.

Panama’s Cabinet Council on Tuesday approved the Panama Canal Authority’s proposed toll increases, which will result in tolls on container ships rising nearly 14 percent when they tak

Although the volume of containers passing through the Port of Rotterdam dropped by 10 percent in 2009, the share of container volume transshipped through the port rose to 30 percent from 28 percent in

“K” Line acquired a 51 percent share in the U.S.-based logistics service provider Air Tiger Express Companies.

Economic growth in the U.S.

The Federal Maritime Commission on June 23 will review preliminary findings in its fact-finding on vessel capacity and equipment availability for U.S. shippers.

Charleston’s container volume climbed more than 22 percent in May over the same month last year, with 68,238 pier containers handled, about the same as in April.

APL Ltd. was chosen as the top carrier for the second consecutive year in the Agriculture Transportation Coalition's annual survey of ocean carrier performance.

The Containerization & Intermodal Institute said Tuesday it will present the 2010 East Coast-based Connie Awards to J. Russell Bruner, Chairman and CEO of Maersk Inc., and James I.

The Port of Salalah appointed Shiva Dean to the position of chief commercial officer.

Container carrier APL entered a vessel-sharing agreement with Hapag-Lloyd, CMA CGM, NYK Line and Orient Overseas Container Line on the India-America-Express Service, effective this month.

Cargo handled at leading French port Marseilles Fos through May reached 36.6 million metric tons -- up 6 percent on the first five months last year – with container throughput contributing a 16