Container Shipping News

With public budgets stretched thin, governments should be doing more to encourage private investment in needed infrastructure, the CEO of Neptune Orient Lines told an international panel of transport

American meat exporters are struggling with a “dire” shortage of shipping containers that could slow resurgent sales to Asia and other overseas markets, the top executive of the U.S.

Container throughput at the six container terminals in New York Harbor in the first quarter of 2010 increased by 9.6 percent over the same quarter last year though overall port activity remains 6 perc

India’s Port of Cochin will offer concessions on vessel-related charges for mainline container vessels calling at its International Container Transshipment Terminal, the country’s first tr

Japan's trade surplus with the rest of the world ballooned about 15-fold in April from a year earlier to $8.25 billion thanks to a robust growth in exports, according to preliminary figures released b

Container volume at the port of Marseilles increased 17 percent in April, adding to the strong upturn that marked the first quarter of the year.

Zim Integrated Shipping Services narrowed its first quarter loss to $82 million from $119 million a year ago as increased cargo volumes outweighed lower ocean freight rates.

Maersk Line said it will implement previously announced rate hikes on the trans-Atlantic trades in the second half of the year despite a recent improvement in market conditions.

A.P. Moller-Maersk agreed to sell its UK supermarkets business to U.S. retailer Wal-Mart for $1.1 billion, continuing a disposal of non core operations to focus on shipping and energy.

Danaos cancelled an order for three container ships at a South Korean shipyard, the NYSE-listed container charter shipowner confirmed Thursday.

Expeditors International of Washington says its air freight tonnage soared 49 percent in April, growing faster than the 18 percent gain in the freight forwarder’s ocean volume.

LONDON – A European shipowner canceled an order for three container ships because it could not finance the $300 million contract with a South Korean shipyard.

Evergreen Line and China Shipping Container Lines are teaming up to start a trans-Pacific service later this month linking Los Angeles and Oakland with central and northern China.

A vessel coming in from the Gulf of Mexico requested inspection and cleaning Tuesday before entering the Mississippi River, the first time that’s happened since the oil spill that has been sprea

Japan’s Mitsui OSK Lines and Russia’s Far Eastern Shipping Company are doubling the frequency of their joint service between Japan and Russia.

The World Shipping Council appointed John Butler as its general counsel.

Hapag-Lloyd plans to implement general rate increases for cargo shipped from North America to ports in the Indian subcontinent and the Middle East, effective July 1.

The idled container ship fleet shrunk by nearly one million 20-foot equivalent units in the past six months as ocean carriers launched new services to keep pace with rising cargo demand in the summer

The Federal Reserve’s monetary policy-setting arm last week increased its projections for U.S. GDP growth.

Truckers serving India’s Port of Jawaharlal Nehru called on DP World to take immediate remedial measures to ease congestion at its Nhava Sheva International Container Terminal.

In a strong sign that global container volume is rebounding from the global recession, Neptune Orient Lines reported Monday that the volume of containers carried by its liner subsidiary APL rose 34 pe

May was historic for Portland as the West Coast’s last operating port began the transition to its new status as a landlord port.

Lower-than-normal water levels in the Montreal area of the St.

Container ship lines may be "shooting themselves in the foot" by restoring vessel capacity faster than cargo volumes rise, a new report by Axis Intermodal UK warns.

The government of Peru declared a 60-day emergency in an effort to end a dock strike at Callao, the country’s largest port.

Container volumes at West Coast ports followed an upward trend in April, with most of the ports reporting increases in imports and exports.

With vessel capacity tightening and demand increasing on the trans-Atlantic, OOCL Thursday announced it will increase freight rates in both directions starting July 1.

Asian economies are leading the recovery of international container trade volume, but strong growth across the region could see pressure on freight infrastructure re-emerge, a senior executive of cont

The world’s top container lines lost an average of $1,500 per 20-foot equivalent unit of fleet capacity while racking up an estimated $15 billion in operating losses last year, AXS-Alphaliner re

Net profit for Transport Corp. of India surged 52 percent from a year earlier to $9.3 million in fiscal 2009-10 ended March 31, despite an 11 percent increase in operating expenses.

Antwerp –The port of Antwerp will hold a breakbulk “summit” next month aimed at boosting its presence in the general cargo sector following a significant decline in traffic in the pa

Exports of U.S. steel mill products jumped 29.2 percent in March from February, according to U.S. Government data.

The May 5 hearing by the House Committee on Transportation and Infrastructure into the Port of Los Angeles' clean-trucks program may spawn yet another investigation of the program, this one dealing wi

Oil spill-fighting equipment from Singapore, China and the UK and a team of salvage specialists from the Netherlands, all on aircraft charters coordinated by UK-based Chapman Freeborn, arrived in New

A federal judge in Delaware dismissed a shareholder suit that accused Horizon Lines and six current or former senior officers of misleading investors about a price-fixing conspiracy in the U.S.

Panalpina expects to more than double its shipments with food processing giant Cargill under a large new contract the forwarder announced Wednesday.

A balance of supporters and opponents of a proposed rule that could change the way non-vessel-operating common carriers do business will have their say before the Federal Maritime Commission on May 24

Ocean carriers operating to and from India plan to seek general rate increases aimed at taking advantage of surging demand on major trade lanes.

ANTWERP -- Freight rates for breakbulk and heavy lift cargoes still haven't bottomed out and aren't likely to recover until 2015 at the earliest, a leading industry executive said.

APL will join the INTTRA e-commerce portal, giving the platform important new reach in the ocean shipping world, the companies announced Tuesday.