Container Shipping News

Japanese export ship orders sank at their fastest pace in 17 years in fiscal 2009, which ended on March 31, due to ship owners' flagging demand for new vessels, according to figures released by the Ja

The ports of Los Angeles and Long Beach turned in another winning month in March, with container volume in Long Beach up 13 percent over March 2009.

North American intermodal service provider Hub Group is buying 2,000 new 53-foot domestic containers for about $19.2 million, which would increase its fleet of those boxes by a third.

Environmental and labor interests warned Thursday that the clean-air benefits being realized today by the introduction of thousands of new trucks in Los Angeles-Long Beach harbor will be lost in subse

Tokyo Senpaku Kaisha, part of Japanese carrier NYK Line, ended a vessel sharing agreement with Orient Overseas Container Line and Cosco Container Line covering the Middle East Express Service.

Despite a healthy early start for Great Lakes shipping this year, steamship lines and their U.S.

Freight forwarder Panalpina last week chartered the only extant Antonov AN-225 freighter aircraft to move two laser welding machines with a combined weight of about 150 metric tons.

Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S.

OOIL Group Chairman CC Tung said Tuesday that it could take three to four years before the container industry works its way out of the glut of vessel capacity that hangs over the market.

LONDON ---Emerging markets offer the best opportunities for trade and investment by the container industry in this year’s slow-growth environment, according to Richard Mitchell, chief commercial

LONDON -- Europe-based shipping industry analyst group Seabury projected Tuesday that global ocean container trade will grow about 11 percent this year over 2009 despite a stronger showing early in th

Wallenius Wilhelmsen Logistics won the contract to manage vehicle processing and outbound yard management at Honda’s plant in Lincoln, Alabama.

The number of laid-up container ships above 5,000 20-foot equivalent units capacity has shrunk to the lowest level in over 14 months, largely due to slow steaming.

The U.S. trade deficit widened in February as rising imports of consumer and industrial goods offset a small increase in exports, the Commerce Department said.

The chief executive of ship leasing company Seaspan says pain from the global trade downturn likely has not been deep enough to bring needed consolidation and efficiency to the container shipping indu

Mediterranean Shipping Co. will raise prices on U.S.-South America trade lanes next month, taking this year’s rate increases to new markets, the carrier announced Monday.

Electronics giant Sony will change the way it manages shipping contracts, adding quarterly reviews to its annual agreements after unprecedented volatility in international container shipping rates ove

CSAV Norasia will expand the coverage of its independently-operated India-Middle East-Europe Express Service, effective in early May.

INTTRA, an electronic booking service for container shippers, launched the first ocean freight invoice transmitted via INTTRA eInvoice, its new electronic invoice presentment and payment platform.

Janet Napolitano, secretary of the U.S. Department of Homeland Security, watched U.S. and Spanish customs officials screen U.S.-bound containers as she toured the port of Barcelona on April 10.

LONDON-- A senior executive at Maersk Line said Monday the carrier expects the strong shipping growth early this year to slow down in the second half of the year because volume has outpaced gains in r

The recently created Containership Company will launch its inaugural trans-Pacific "Great Dragon" service on Saturday with the first sailing from the Taicang International Gateway in Jiangsu

With the large global shipping lines hesitant to bring capacity back to the trans-Pacific, 2010 could be the year of the niche carrier.

Home Depot, the nation’s largest home improvement retailer, is considering increasing its flow of discretionary cargo through West Coast ports, and the increase could be considerable.

Port privatization hasn’t been easy in France. Frequent strikes, coupled with the global recession, were the sort of one-two punch that could have knocked down many ports for years.

In the heat of the action, few attendees at last month’s Trans-Pacific Maritime Conference may have realized they were witnessing a defining moment in shipper-carrier relationships.

Several Asian carriers have significantly trimmed the number of containerships they own in their fleets over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets,

Heavy lift carrier BigLift Shipping has appointed Coli Shipping as its representative for South East Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, Cambodia, Laos and

Evergreen Line, which has been very cautious about adding vessel capacity to its container fleet during the last few years, confirmed Friday that it will start negotiating orders with shipyards soon t

Pier 1 Imports is happy with its decision last year to pay above-market rates to struggling ocean carriers in exchange for stable rates and reliable service, the retailer’s chief executive offic

Container traffic from Asia to Europe surged by 56 percent in February from a year ago and was close to pre-recession levels, according to the latest figures from ocean carriers.

“K” Line, which operates the all-water AWE-4 service from East Asia to the U.S.

The NOL Group appointed two Singapore business executives with deep international management experience to its board of directors.

Container volume handled by the Port of Savannah jumped to 227,860 20-foot equivalent units in March, an increase of 32.5 percent over the same month last year, making March the fourth consecutive mon

Intermarine, the agent for Industrial Maritime Carriers and West Coast Industrial Express, said those carriers will adjust the bunker surcharges on all their services to or from South America, Mexico

MOL said Thursday it completed the concept for the third ship in its series of next-generation vessels, which it said will be technically feasible in the near future.

Engineering, procurement and construction firm Bechtel Corporation earned $30.9 billion in revenue during 2009, booked new work worth $20.3 billion and had a project revenue backlog of $82.1 billion,

Heavy-load carrier Dockwise has signed seven near-term contracts worth approximately $40 million for the transport of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane

Royal Wagenborg launched the 12th in a series of multi-purpose vessels late last month when Sofia Svartsjo christened the Arubaborg at Hudong -Zhonghua Shipbuilding in Shanghai.

Greek bulk shipowner Diana Shipping April 7 completed its $50 million investment in a previously announced project involving a company set up to acquire containerships.