Container Shipping News

A week after most large trans-Pacific container carriers sought an “emergency” increase in U.S.

Containerized exports at the Port of Oakland soared 39.7 percent in November over the same month a year ago, a new sign of growing demand for U.S. goods overseas.

Zim Integrated Shipping Services held a naming ceremony for the Zim Colombo, a newly built 4,255-TEU vessel, at the state-owned Jaya Container Terminal in Colombo, Sri Lanka.

APL next year will become the first ocean carrier at the Port of Oakland to operate vessels at berth from shore-side electrical power.

Orient Overseas Container Line will introduce new Asia-Europe services in January.

Fesco, Russia's biggest ocean carrier, received a $100 million five year loan from the European Bank for Reconstruction and Development to support its debt restructuring program.

Orient Overseas Container Line affirmed it would join the “emergency revenue program” announced Wednesday by the Transpacific Stabilization Agreement, of which it is a member.

Somali pirates released a Greek-owned dry bulk carrier and its 21 crew members, including 14 Filipinos, after more than a month in captivity, the Philippine government and the ship's owner said Friday

CMA CGM's bankers on Friday agreed to grant the financially troubled container line a $500 million credit line after Jacques Saadé, the French ocean carrier's founder, agreed to restructure cor

BDP Project Logistics created a new company, BDP Oil and Gas Logistics, that will be headquartered in Singapore and will serve the oil and gas industry supply chain.

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French ocean container carrier CMA CGM is meeting with its creditors Dec. 17 to finalize key details in the restructuring of its $5.6 billion debt.

MOL said Thursday it will increase ocean freight rates for all cargo originating in Asia and imported into the United States, effective Jan. 15.

CMA CGM said Thursday it will join the call for an “emergency revenue program” issued by the Transpacific Stabilization Agreement on Dec.

Germany-based liner agent Peter W. Lampke formed a joint venture with Beluga Chartering to be called the Beluga Projects Agency.

Cosco Shipyard in Dalian, Korea delivered the heavy-lift multi-purpose vessel Adam Asnyk to Chipolbrok, the Chinese-Polish carrier that operates breakbulk and project cargo services worldwide.

Horizon Lines, the largest U.S.

The Port of Savannah saw its second straight month of container traffic growth in November, but the brief peak season recovery slowed down sharply as import volume declined 13.8 percent.

A modest recovery in container volume appears to be underway at the ports of Los Angeles and Long Beach, and exports are leading the way.

OOCL will increase its rates on all dry and reefer shipments from Hong Kong, Macau and South China to Australia, the company said Wednesday.

Shipping lines in the eastbound Pacific will attempt to increase their freight rates by $400 per 40-foot container on Jan.

The House on Monday voted to extend two widely-supported trade programs, but for only one year.

China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.

Hapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany's biggest ocean container carrier booked double digit decl

MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand.

Marine terminal and shipping industry executives applauded the latest relief program that will save Port of Los Angeles tenants about $25.7 million in the coming year.

Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board.

The year long decline in Asia-Europe container traffic is slowing and freight rates are rising, according to the latest figures from ocean carriers.

Many of the European banks that traditionally have financed shipbuilding are quitting the business, leaving a troubling gap in the financial underpinnings of the business.

Maersk Line is gaining traction with its U.S. chassis pool, and momentum is building for a new structure to manage the critical intermodal truck equipment across the country.

The Grand Alliance ocean container shipping venture will add Vietnam to its Asia East Coast Express service next month, joining the rapid buildup of international transportation connections to the cou

While private companies and government researchers look at ways to efficiently scan ocean cargo containers, the National Academy of Sciences is studying whether the Department of Energy, which deploys

There is a serious delay at the container screening line.

A Matson ship that received major work at a Chinese shipyard may continue to operate in Jones Act service, the U.S. District Court for Eastern Virginia ruled.

Crowley Maritime is starting a third, fixed-day sailing to its “Speed to Market” services from Port Everglades, Fla.

The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in De

A U.S. district court in New Orleans on Thursday fined Greek carrier Polembros Shipping $2.7 million and banished its vessels from U.S. waters for three years, the Justice Department said.

The U.S. arm of Maersk Line is extending its Direct ChassisLink program to Boston, Philadelphia, Baltimore, Rochester, Worcester, and Pittsburgh as of Feb. 1 of next year.

Rickmers-Linie, the Hamburg-based breakbulk, heavy-lift and project cargo specialist, appointed Zurich-based Brunoni SA as its Swiss agent, effective Jan. 1.

The liner shipping industry generated $436.6 billion in direct and indirect benefits to the world economy in 2007 and provided 13.5 million jobs, according to a new study commissioned by the World Shi