Container Shipping News

The volume of 40-foot containers handled by APL jumped by 32 percent and the average revenue per container climbed by 12 percent in the four weeks from March 6 to April 2 compared to the same period l

Seaspan Monday took delivery of an 8,500-unit containership named the Cosco Philippines from Hyundai Heavy Industries in South Korea on April 23.

CMA CGM will seek a new general rate increase on all westbound cargo moving on its EPIC Service from India and Pakistan to Europe and the Mediterranean, starting May 10.

Two of the largest conventional refrigerated shipping lines, Seatrade Group and Alpha Reefer Transport, are pooling vessels in a bid to cut costs and boost efficiency.

The Port of Marseilles increased container traffic by seventeen percent in the first quarter compared with a year ago and is set for further gains with the launch of new services to North America and

DP World, the global container terminal operator, said first quarter traffic grew 15 percent from a year ago and would contribute to improved earnings in 2010.

A sharp east-west difference of opinion is dividing the maritime community in New York harbor.

Container ships plying the trade between North America and North Europe are running close to full in both directions this spring.

Dell Computer may be second among PC providers in the U.S., but its supply chain is No. 1.

Maersk Line formally announced Friday it will begin a pilot test of imposing a $10-per-container fee on U.S. export containers that do not arrive at their load ports starting on May 1.

U.S.

Hamburg Süd announced Friday that it will apply a general rate increase on June 1 to all cargo moving from U.S. West Coast ports and Vancouver to Europe.

Rickmers Maritime Trust, the Singapore-based container affiliate of Rickmers Group, moved to pull itself out of its financial troubles with three initiatives it announced Friday.

Fesco, Russia's biggest ocean carrier, said its ships carried 22 percent more containers in the first quarter than a year ago while traffic at its box terminals grew even faster.

Maersk Line plans to expand its Direct Chassis Link program to the Gulf and the Pacific Northwest port areas as of June 1.

Hong Kong-based T.S.

Third-party logistics giant C.H.

APL on Wednesday named Gene Seroka as its new president for the Americas, replacing John Bowe, who is leaving the company in June.

Container traffic in the port of Antwerp surged 15.9 percent in the first quarter from a year ago, consolidating its position as Europe's second largest box hub.

China Shipping Container Lines posted a full-year loss of $951 million in 2009 compared with a restated profit of $6.9 million in 2008, the Shanghai- based company said Wednesday.

Japanese international trade fell 21 percent in fiscal 2009, which ended on March 31, returning the country to a trade surplus as imports slumped much more rapidly than exports, according to prelimina

After two months of relative stability, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles climbed 6 percent to almost $2,000 per FEU in the week ended April 19 as the scarci

The Obama Administration will consolidate licensing, control lists and data systems to bring a “Byzantine” export control system into a single office, Defense Secretary Robert Gates said T

Container traffic at Chinese ports reached an all time high in the first quarter of the year, driven by a strong rebound in the nation's foreign trade.

Container throughput at the Port of Halifax increased by 41.4 percent to 99,450 TEUs from the same quarter last year.

Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand.

The Port of Charleston’s container traffic increased by 24.4 percent in March compared to a year earlier, for the third month in a row of year-over-year volume increases.

CMA CGM took delivery Tuesday of the CMA CGM Figaro, a new containership with a nominal capacity of 8,500 20-foot equivalent units, built by Samsung Heavy Industries at its shipyard in South Korea.

Hamburg Sud said Tuesday that its 2009 revenue dropped 28 percent from the previous year to $4.3 billion as the volume of containers it carried fell 13 percent to 2.3 million 20-foot equivalent units.

While the latest container trade data suggests container shipping may have entered a real recovery phase, Drewry Shipping Consultants cautions that comparisons with the depth of the recession in 2009

Chilean carrier CSAV has launched a weekly North China-U.S. East Coast service that will operate via the Panama Canal.

In the wake of the annual summit last week of the CKYH Alliance among Cosco, “K” LINE, Yang Ming, and Hanjin Shipping, the carriers’ four CEOs announced they are changing its name to

The trade rebound in the eastbound Pacific has exceeded the expectations of ocean carriers, and the lines are itching to bring back vessel strings they idled during the disastrous recession of 2008-09

After a historically down year characterized as “devastating” by one port executive, imports and exports are accelerating at major U.S. automobile ports.

When electronics giant Sony got offers from ocean container carriers in 2009 for rates 75 percent lower than the previous year, the company had “burning discussions” about the impact of su

Ocean car carrier executives are hunkering down for a long drawn-out recovery from the deepest recession in a generation.

Wan Hai Lines will join the India-Far East Express Service operated by a consortium of Shipping Corp. of India, Pacific International Lines and “K” Line.

U.S. Transportation Secretary Ray LaHood said the construction work under way to expand the Panama Canal “will have a profound impact on the way goods move around the world.”

Leading German container shipowners have acquired a stake of around 18 percent in CSAV, finalizing a 2009 deal that involved cutting charter rates for the Chilean ocean carrier.

CMA CGM plans to increase the frequency of its Black Pearl Service between Jamaica and New York and Halifax to weekly sailings from biweekly.