Container Shipping News

Hanjin Shipping expects to post a profit this year and boost revenue 27 percent as world trade picks up and shipping lines cut fleet expansion plans, according to Bloomberg News.

India’s Port of Jawaharlal Nehru agreed to recall a decree, issued last week, requiring ship agents to arrange for mooring services for vessels calling at the west coast hub.

The executive directors of the six major container ports on the West Coast urged Congress to include additional funding for the Diesel Reduction Act in upcoming jobs-creation legislation.

Port Manatee, Fla., is seeking bids for the dredging of the port’s new berth 12. The new 1,600-foot berth is expected to be operational by the end of 2010.

The United Arab Shipping Company said it signed a $275 million multi-currency loan facility to finance the acquisition of three container ships of 13,100 20-foot equivalent units capacity.

A federal court in San Francisco on Friday followed through with a plea agreement and fined the operator of the Cosco Busan $10 million for a November 2007 oil spill in San Francisco Bay.

Container throughput at major ports in India grew 1 percent during the April-January period compared with a year earlier, the Indian Ports Association said in a statement on Monday.

Hamburg Süd said it will replace its current service between the Mediterranean and the Caribbean through a slot-charter agreement with Hapag-Lloyd’s MGX service.

A large European non-vessel-owning common carrier will become the first forwarder to offer less--than-containerload booking through the electronic platform created by INTTRA, the electronic portal fou

CMA CGM, which has been heavily involved in relief efforts in Haiti since the earthquake devastated the country on Jan.

For a company that lost more than $1 billion in 2009 and is almost certain to spend 2010 in the red, Hapag-Lloyd seems an unlikely recovery story.

Navigating through a storm of historic magnitude, any ship captain probably would be expected to make adjustments and even look for an entirely new course.

The North American intermodal business is developing a split personality.

BNSF’s top intermodal executive concedes the western railroads have permanently lost much of their East Coast market share to all-water container shipping services from Asia, but Steve Branscum

Atlantic Container Line said Friday it will raise rates on east- and westbound trans-Atlantic cargo, effective April 1.

Mediterranean Shipping Co. said it is temporarily using several 8,085-TEU ships, the largest to call at U.S.

The Federal Maritime Commission has given members of the carrier discussion group in the eastbound Pacific the authority to talk about strategies intended to reduce air emissions, water pollution and

CMA CGM, which is in tough negotiations with South Korean shipyards to delay or cancel orders it placed in 2007 for some 30 new ships, is not laying up any of its vessels and is scrapping “very

CMA CGM, the troubled French carrier that is in talks with its creditor banks about restructuring $5.6 billion in long-term debt payments, expects to receive the balance of the $500 million in short-t

APL said Friday it will apply a general rate increase to all cargo moving from the Far East to India and Pakistan.

State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program.

Additional charge applies from March 1 to 20 on shipments from China to Canada

CMA CGM announced Thursday it will raise freight rates on the westbound trade from Asia to ports in North Europe, the Eastern and Western Mediterranean and the Black Sea as of March 15.

CMA CGM will seek a general rate increase on all westbound cargo on the EPIC Service from India and Pakistan to Europe and the Mediterranean, starting March 1.

John Fredriksen, the Norwegian shipping billionaire, cut his stake in TUI, the biggest shareholder of German ocean container carrier Hapag-Lloyd, to 15.7 percent from around 19 percent.

Container volume at the Port of Long Beach increased in January for the second straight month, while total traffic in neighboring Los Angeles was down only 2.39 percent.

Diana Shipping, a Greek bulk carrier owner, agreed to invest $50 million in a new company being formed to buy container ships.

PD Logistics, part of the PD Ports Group, will handle all British imports of Tsingtao Beer from China under a new contract with the UK’s largest independent drinks manufacturer and distributor,

Hapag-Lloyd, Germany's largest ocean container carrier, drastically reduced losses in the final three months of the year on substantial freight rate increases on some routes but is forecast to remain

For shippers and carriers in the U.S.-Southeast Asian trade lanes, the best times are yet to come.

Dean Tracy, director of international logistics at Lowe’s, had a devilish time getting his spring and summer merchandise on vessels leaving Asian ports in late January.

If you had told importers a year ago vessel capacity out of Shanghai would be so tight in early 2010 they might have to shift some ocean freight to air, you might have been laughed off the docks.

Bulk shippers and carriers routinely buy and sell futures contracts called freight forward agreements based on the Baltic Dry Index of bulk rates, to hedge against the risk that a rise or fall i

Mediterranean Shipping Company will apply a general rate increase on all eastbound cargo from Spanish ports to destinations in the Middle East and the Far East.

“K” Line, which expects to post a loss for the fiscal year ending March 31, said Friday it will issue a public secondary stock offering on the Tokyo Stock Exchange later this month to rais

Five shipping lines are setting up a new vessel-sharing agreement that will start service in April between Asia and the East Coast of South America via South Africa.

Norwegian ship-owners Feb. 12 won a legal victory against the government's bid to raise $3.8 billion in back taxes.

Ocean container freight rates are surging on key Asia-Europe trade routes as traffic rebounds from a year-long downturn and carriers cull capacity.

Archer Daniels Midland Co.

The German government is pressing South Korean shipyards to delay deliveries of container vessels to financially troubled German ship-owners.