Container Shipping News

The biggest short-term economic impact from the Gulf Coast oil spill would be if it disrupts shipping, said IHS Global Insight.

At a congressional hearing Wednesday morning on harbor trucking in southern California, carriers and shippers will be watching closely to see if lawmakers warm to the idea of giving local authorities

Ocean carriers on routes out of India are raising rates as demand picks up.

To handle recovering volumes in the trade between Asia, Mexico and the West Coast of South America, Germany’s Hamburg Sud and Chilean carrier CCNI plan to restore vessel capacity to the levels o

OOCL will launch an intra-Asia service on May 5 linking China with Thailand and Vietnam in response to increasing demand in the region.

CMA CGM, the financially troubled French ocean container carrier, booked a $1.4 billion net loss in 2009 but returned to profit in the final quarter of the year.

Hamburg Sud and its Brazilian affiliate Alianca said Monday they plan to charge shippers a general rate increase of $461.41 per 20-foot equivalent unit on June 1 for all cargo moving from Europe to po

Damco, the combined brand of A.P. Moller-Maersk logistics activities, reached outside the company to hire Todd Renehan as its new chief commercial officer for North America.

That year, exporters in most sectors saw their foreign markets expand, enjoyed a weakening dollar and easy trade finance, and in general had little trouble with transportation and logistics.

The four major South Atlantic ports are in a race against time and, to some extent, each other to prepare for the bigger ships that will start coming to the East Coast from Asia after the Panama Canal

Ask importers their top concern this year as they wrapped up service contract negotiations with ocean carriers in the eastbound Asia-to-U.S.

Like cardiologists looking for signs of life in emergency room patients, container volumes depicted in the inaugural ranking of The Journal of Commerce Top 25 North American Container Ports show only

Economists at the International Monetary Fund are optimistic about the global economy, saying it will grow 4.2 percent in 2010.

A global shortage of ocean containers is exacerbating the difficulty U.S. exporters face in finding empty boxes for shipments from the Midwest and other locations away from import centers.

Sea Star Line on April 23 started a previously announced weekly service between Philadelphia and San Juan, Puerto Rico, using a ship that carries roll-on, roll-off and lift-on, lift-off cargo.

Maersk Line plans to resume its weekly seasonal reefer calls at the Port of Halifax on May 18 with the arrival of the Maersk Palermo on the revised rotation of the TA4 trans-Atlantic service.

The Shipping Corporation of India will seek a general rate increase on the westbound trades from India to Europe, the third GRI this year.

The Halifax Port Authority said it reached agreement with its two main container terminal operators, Cerescorp and Halterm, on setting performance standards designed to increase the speed of the impor

U.S.

Glass and ceramics manufacturer Corning said a rebound in global auto sales caught the company with such tight inventories that during the first quarter the company had to send its emissions-control f

Mediterranean Shipping Company will implement a new general rate increase on the westbound trades from India to Europe.

Steel volume is showing some signs of improvement, Port of Houston CEO Alec Dreyer said during his monthly financial report to the Board of Commissioners.

A.P. Moller-Maersk agreed to sell its stake in the Yantian container terminal in China to a subsidiary of China's COSCO Pacific for $520 million, the company said Thursday.

The port and city of Los Angeles rested their case after testimony Wednesday in the clean-trucks suit brought by the American Trucking Associations. Judge Christina A.

Drewry Shipping Consultants appointed Philip Damas a director of the company, with responsibility for developing Drewry Supply Chain Advisors, the specialist supply chain consulting practice within th

PIERS Global Intelligence Solutions raised its forecast for U.S.

Federal Maritime Commissioner Rebecca Dye will be in New York May 11-13 to conduct interviews for her fact-finding mission on vessel and equipment capacity.

China’s Cosco Group reported a loss of $1.1 billion for 2009 as the weak economy hammered the company’s container, dry bulk and terminal businesses.

The port of Antwerp's bid to revive its breakbulk business suffered a serious setback with the loss of a 750,000 metric tons-a-year contract.

The Panama Canal Authority will skip any toll increases this year and proposes to overhaul its toll structure starting Jan. 1, 2011.

Steel imports to the United States in March rose 24.5 percent from February and 27.9 percent from March 2009, according to preliminary statistics from the American Institute for International Steel.

Orient Overseas Container Line unveiled a carbon calculator that will assist its customers in measuring the carbon dioxide emissions in their supply chains.

Economic recovery will generate 8.5 percent growth in global shipping volume this year, with Asia-to-North America volume rising 10 percent, according to a forecast by IHS Global Insight's World Trade

Japanese ocean carrier “K” Line reported a $738.6 million loss in its fiscal year ended March 31 but said it expects to return to profitability this year with a forecast 13 percent growth

NYK Line, Japan’s largest shipping operator, posted a net loss of $187.5 million for its fiscal year ended March 31, compared with a loss of $556 million a year earlier, as rates and volume bega

Japanese carrier Mitsui O.S.K. Lines said its profit plunged 90 percent for its fiscal year ended March 31, but income from its bulk carrier division offset losses from container shipping.

CSAV, the financially troubled Chilean container shipping line bailed out by shareholders, banks and German charter shipowners, heads the list of ocean carriers that have expanded cargo capacity over

Rickmers Maritime Trust reported first quarter earnings declined 51 percent from a year ago.

Officials with the Consumer Product Safety Commission and Customs and Border Protection on Monday signed an agreement giving CPSC inspectors access to Customs’ Automated Commercial System.

Atlantic Container Line will stop providing chassis for trucking moves in three areas of the U.S. market, effective June 1.