Container Shipping News

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

Dry bulk carrier Diana Shipping will pay $50 million for a stake in a new company that will invest in and operate containerships over the next 12 to 18 months.

Singapore-based heavy-lift crane specialist Hiap Tong signed a joint venture agreement with the Chinese firm Inner Mongolia Wulanchabu An Da Heavy Lift and Transport.

Hanjin Shipping executives and International Longshoremen’s Association officials met this week for the first time since June to discuss staffing requirements for a highly automated container te

Local agents of container lines serving Mumbai strongly protested a planned 30 percent increase in tariffs.

Hanjin Shipping said it will begin slow-steaming vessels on one of its all-water services from Asia to the U.S. East Coast in mid-January.

State-owned Shipping Corporation of India will implement a general rate increase on the trade from India to Europe, effective Feb. 4.

Hamburg Sud late Thursday christened the final new ship in a series of six identical container vessels of 5,900 20-foot equivalent units capacity each in Montevideo, Uruguay.

Horizon Lines cut its debt by $38.1 million during the fourth quarter and completed its fiscal year with $28 million less in funded debt than a year earlier, the company said Wednesday.

Containerized exports in Southern California soared in December, increasing 40.2 percent over December 2008 at the Port of Los Angeles and 30.9 percent at the Port of Long Beach.

Orient Overseas Container Line will implement a peak season surcharge on all Asia-to-Europe freight, effective Feb. 1.

Cargo bookings by the individual lines in the Transpacific Stabilization Agreement suggest that vessel utilization levels in the trade will run in the mid-high 90 percent range in most trade segments

German entrepreneur Klaus-Michael Kuehne called on TUI to sell its Hapag-Lloyd stake to make room for a new owner and a more stable shareholder set-up at the container shipping line.

The Transpacific Stabilization Agreement on Thursday elected Kim Young Min, president and CEO of Hanjin Lines, as the new chairman of its executive committee, replacing Neptune Orient Lines CEO Ron Wi

Port Everglades, Fla., announced that it will waive tariffs for relief cargo being sent to Haiti after the Jan. 12 earthquake.

Asia’s containerized exports to Europe grew 2.4 percent in November, the first year-over-year growth in the key world trade lane during 2009, according to the European Liner Affairs Association.

Officials with Crowley Maritime were in touch with relief organizations about shipping emergency aid to Haiti Wednesday, but the company was still trying to determine what would be needed or how it co

A.P. Moller-Maersk named Stephen Fraser as head of the Danish group’s information technology division.