Container Shipping News

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.

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.

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.

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.

Neptune Orient Lines reported losses on Thursday for the fourth quarter and full year 2009 as revenue and freight rates plunged for most of the year before volumes and vessel-utilization started ticki

Mitsui O.S.K. Lines upgraded its fiscal year 2009 business outlook due to stronger demand for container and bulk shipping services as global economic conditions improve.

The steep rise in the Drewry Container Rate Benchmark for shipping a 40-foot container from Hong Kong to Los Angeles came to an end in the week ended Feb.

OOCL will implement a general rate increase for all dry and reefer cargoes leaving Hong Kong, Macau and South China for shipment to Canada.

Crowley Maritime announced two management appointments Tuesday in its Puerto Rico/Caribbean liner services group.

Evergreen Line on Monday announced a two-tier rate increase on the westbound trans-Atlantic trade in similar increments that will take effect on July 1 and October 1.

Trailer Bridge swung to a profit of $1 million in the fourth quarter ended Dec. 31 from a loss of $1.1 million in the same quarter of 2008.

The member lines of the Oceania Vessel Sharing Agreement (Hamburg Süd, Hapag-Lloyd, Maersk Line, and ANL-USL) are planning to add an additional vessel to the weekly Pacific Southwest String (PSW)

Mediterranean Shipping Co.

A non-vessel-operating common carrier is complaining to the Federal Maritime Commission that an interrelated group of competitors is violating the Shipping Act by operating without a license, tariff o

Import cargo at the top North American container ports will grow 25 percent in the first half of 2010 compared to the same period last year, demonstrating that a sustained trade recovery is under way,

Container ship charter rates are rising after two years of steep declines as ocean carriers seek extra tonnage in response to higher cargo volume on key liner trade routes.

Rickmers Maritime Trust, the Singapore-based containership owner, reported fourth quarter net income more than doubled from a year ago as it continued refinancing negotiations with its banks.

OOCL said on Monday it will impose a general rate increase on westbound trans-Atlantic cargo as of April 1.

Hapag-Lloyd, the world’s sixth-largest container carrier, is set to move from financial intensive care into operational convalescence.

There’s room to park around the Port of Baltimore, and that’s a good sign for shipping.

INTTRA, the Internet portal for ocean freight, is evolving into a commercial entity, churning out products for new markets with the help of a capital infusion from an investment group taking a majorit