Container Shipping News

At least one South Korean shipbuilder is getting hit by the cancellation of orders by CMA CGM, and others are fending off cancellations by the troubled French container line, which can't pay for the o

The spot rate for shipping a 40-foot container from Hong to Los Angeles jumped 17.9 percent in the week ended Jan.18 compared to the week earlier as U.S.

The Industrial Echo, fourth in a series of four heavy-lift newbuildings, was delivered to Intermarine this month in Portugal.

The Chinese-Polish joint stock shipping company Chipolbrok took delivery in November and named the vessel Adam Asnyk in the port of Dalian, China.

The container volume handled by the Port of Antwerp in 2009 fell by 15.6 percent to 7,309,639 million 20-foot units, mirroring the decline in box volumes at all northern European ports.

The number of ships passing through the Panama Canal increased by 2 percent in the first quarter of the Panama Canal Authority’s fiscal year, ended Dec. 31.

A joint venture investment group said it will spend up to $100 million to buy low-valued freight and industrial equipment, to assemble a broad mix of lease assets that will include ocean ships and riv

FESCO Logistics increased its monthly breakbulk service out of Everett, Wash., by adding fortnightly departures from Seattle and Vancouver, B.C.

The World Shipping Council and its 29 carrier members proposed to the International Maritime Organization and its member governments a new global Vessel Efficiency System to improve the carbon and fue

Orient Overseas (International) Ltd said Wednesday revenue for the fourth quarter, ended Dec.

Container traffic moving through India’s major ports fell 1.5 percent during the April-December period, the first nine months of fiscal 2009-10, compared with a year earlier, the Indian Ports As

Exports of U.S. steel fell off nearly 5 percent to 935,335 tons from October to November, according to the American Institute for International Steel.

Beluga Shipping took delivery of the first of 16 new 20,000 deadweight-ton ice-class P-series vessels, the Beluga Houston.

Orient Overseas (International) Limited, the parent of container line OOCL, said Tuesday it sold its real-estate subsidiary Orient Overseas Developments Limited to CapitaLand China (RE) Holdings Co fo

Maersk plans to expand its Direct ChassisLink program throughout the Midwest and the Ohio Valley as of March 1.

French dockworker leaders set a mid-February deadline for the government to respond to their demands for more waterfront jobs or face further industrial action.

Hanjin Shipping plans to raise trans-Atlantic rates in both directions in three quarterly increases on April 1, July 1 and Oct. 1, the carrier announced Monday.

Maersk Line’s AE7 Asia - Europe service Jan. 13 called at the Port of Felixstowe in the UK.

The head of Southern California’s PierPass, rejecting suggestions the marine terminal program is too costly to operate with the downturn in container volume, says the terminals will continue to offer

CMA CGM on Monday officially appointed Philippe Soulie, former head of French construction group Cnim, CEO of the troubled ocean container carrier.

The Transpacific Stabilization Agreement is adding another member and changing its governance and management structure to better deal with what carriers say are insufficient trans-Pacific freigh

Ocean carriers’ service cutbacks are forcing shippers to book further in advance and pay higher rates to keep their containers from being left on the dock.

Global trade is recovering as the major industrialized countries slowly climb out of recession. U.S. imports are increasing after months of declines.

Even after 14.5 percent average annual growth in container traffic between 2002 and 2007, the container shipping revolution still has a long way to go in India.

Hanjin Shipping and Wan Hai Lines are tightening ranks in the trans-Pacific by establishing a vessel-sharing agreement on Hanjin’s Vietnam-U.S.

Crowley Liner Services has agreed to an undisclosed settlement with shippers who filed civil antitrust lawsuits against carriers in the wake of a federal investigation into price-fixing in the U.S.

Average global container shipping rates expanded year-over-year in late 2009 for the first time since mid-2008, according to a new report by Drewry Shipping Consultants.

U.S. importers said emergency rate increases the ocean carrier members of the Transpacific Stabilization Agreement are putting into effect this month are taking hold across the board.

European Union competition regulators are investigating a controversial plan by German ship owners to share the costs of laying up small container vessels.

When a turbine blew out on one of the three multipurpose vessels Expeditors International of Washington chartered to carry project cargo to South Africa, David Steinbach had to scramble.

South American trade integration has been dogged by distrust, but never as much as now.

Intent on reducing carbon emissions and meeting a 2020 deadline for generating 15 percent of its energy needs through renewable sources, the British government is parceling out the right to develop ab

For steel traders, the times are undeniably bad. When asked to describe the market for steel, a Houston steel trader put things this way: “I have just two words: It sucks.”

Forwarders and heavy-lift carriers are jockeying for position as Australia moves ahead with development of its enormous offshore natural gas resources, endeavors that will require massive amounts of p

The rest of the world may be taking a deep breath and daring to hope the recession is ending, but for Australia, the key words seem to be full speed ahead.

A thousand hours of welding to make Chinese-sourced wind components usable? Diverting cargo to Singapore to replace factory coverings not tough enough for a sea voyage?

After a period of booming speculation, the Asian market for oil- and gas-related project cargo was smacked down by the recession.

As China goes, so goes Asia.

The centrifugal force of Chinese demand and development along with a slow but strengthening economic recovery, underpinned by rising energy prices, are the currents affecting project cargo carri

Braemar Shipping Services, the London-based shipbroker and consultant, said Friday its business has been improving in the period since August as most of the world’s major economies have begun to