Container Shipping News

In these imprecise economic times, the future of the breakbulk and heavy-lift shipping sector is as difficult to determine as the direction of the wind.

It certainly isn’t the first time ocean carriers and importers have disagreed, and it won’t be the last, but the outcome could determine the fate of U.S.

Reliance on a single cargo can be risky, but in the case of Conti-Lines, a focus on steel is helping speed the Antwerp-based multipurpose carrier’s recovery from the global recession, according

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

The transportation sector in Chile has yet to fully recover after a major earthquake and tsunami struck the south-central region of the country two months ago.

In early May, super heavy-lift carrier Dockwise announced two awards for transport and installation projects and two for routine marine infrastructure transport.

Economists surveyed for the April issue of Consensus Economics expect G-7 and western European nations to require several years to climb out of the economic hole of 2009.

The industrial real estate market didn’t drop as far or as hard as the housing market, but for much of the commercial property world, 2009 was a dismal year that saw property values, rents and o

Heavy-load carrier Dockwise suffered a net loss of $3.4 million (before non-recurring items) on revenue of $95 million for the first quarter.

Malaysian carrier MISC Berhad on Friday reported its profit before tax in the fourth quarter ended March 31 rose 49.3 percent to $85.2 million mainly due to higher profits in LNG and offshore oil supp

Container shipments from Asia to Europe surged 20 percent in the first quarter from a year ago as the rebound in traffic that started in the final three months of 2009 continued into 2010, according t

A. P. Moller-Maersk sold its Premier Technical Plastics subsidiary to McCalmont Industries by means of a management buyout to its president Jim McCalmont.

Container lessor Textainer Group Holdings Ltd.

Forwarder and heavy transport provider Magdenli Transport and Trade recently handled out-of-gauge component moves for several Turkish wind and natural gas projects using a new 500-ton-capacity mobile

DHL launched a direct less-than-container-load service connecting Cochin, India, to Europe, North America and other markets via the Port of Colombo, Sri Lanka.

Zim Integrated Shipping Services, seeking to improve a balance sheet hit hard by the global trade downturn, is in negotiations to sell unspecified holdings in two non-Israeli companies, according to a

Trailer Bridge has won dismissal from a civil class-action lawsuit alleging antitrust violations by carriers in the U.S. mainland-Puerto Rico trade.

The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles jumped to $2,189 per FEU in the week ended May 3, according to data collected by Drewry Shipping Consultants.

CMA CGM, which has been unable to complete negotiations with a consortium of lenders to restructure $7 billion in debt, is considering a public listing of its stock as part of a package of measures ai

Ocean container carriers could start ordering new ships within 12 months, driven by a rapidly shrinking order book and an improving global trade outlook.

The Port of Portland has reached a tentative lease agreement with International Container Terminal Services Inc. to operate its container and breakbulk facility at Terminal 6.

The tonnage of container traffic handled by the Port of Montreal increased by 11.1 percent for the first three months of the year, to 2,927,394 metric tons from 2,636,080 metric tons in the same quart

The Containership Company, the newest entrant in the trans-Pacific trade, began its service on a promising note as the Taicang Dragon arrived at the TraPac terminal at the Port of Los Angeles with 77

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.

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

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

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

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.

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

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.

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.