Container Shipping News

Seaboard Marine announced Jan. 13 that it will not receive cargo consigned to Haiti until further notice.

Evergreen Line on Wednesday announced it will increase rates next month on westbound cargos it carries from Europe and the Mediterranean to the Far East, including Japan and Australia, and the Indian

The new $510-million Red Sea Gateway Terminal at Saudi Arabia’s Jeddah Islamic Port marked its opening with its first call by a container vessel, the Al Muttanabi with a capacity of 3,802 20-foo

The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles jumped 10 percent so far this week compared to the week ended Jan.

A Somali suspect in the hijacking of the U.S.-flag Maersk Alabama in the Indian Ocean last April has been charged with involvement in two additional hijackings, Federal prosecutors in New York said Tu

In a dire New Year’s speech to employees, NYK Line President Yasumi Kudo said the company is reducing the size of its fleet of container ships and car carriers and plans to focus on its non-asse

CMA CGM lost nearly $1 billion in ill-timed derivatives investments in 2008, largely in oil prices, leaving the world’s third largest container ship carrier financially crippled heading into the

Hoegh Autoliners will start calling the Port of Charleston later this month with its Middle East service, which will bring two new ship calls a month to the port.

Rising fuel prices and overcapacity are spurring container ship lines to operate more of their ships at extraordinarily slow speeds – a trend that is expected to continue, according to Alphaline

Neptune Orient Lines appointed former Microsoft executive Robert J. Herbold to its Board of Directors, as of Feb. 1, the company said Tuesday.

Maersk Line on Tuesday announced a general rate increase on eastbound dry cargo it carries from North Europe and the Mediterranean to the Middle East and South Asia.

The popular PierPass program giving shippers incentives to move cargo at off-peak hours through Southern California ports may no longer be justified because of reduced cargo volumes, the U.S.

A senior executive at container ship operator NYK Line said Monday the carrier is seeing stronger trans-Pacific demand than expected at the start of the year but will wait several weeks before decidin

The monthly Port Tracker, which projects containerized imports at major North American gateways, launched a new format in the current issue.

U.S. container ports finally turned the corner in December, with imports estimated to be higher than in December 2008.

Crowley Maritime is swapping the jobs of its senior management team.

OOCL on Monday christened its newest vessel, the OOCL Seoul, the 14th SX vessel in OOCL’s line of 16 SX class vessels with capacities of 8,063 20-foot units that it has ordered from Samsung Heav

Shipping lines in eastbound Pacific lanes are recovering from their worst losses ever through a series of small, staggered rate increases, a new policy aimed at gradually returning the industry

What’s the TEU capacity of the biggest container ships? It depends on who’s counting and which measuring stick is used.

If there’s a constant theme in freight transportation’s evolution in recent times, it’s that bigger is better.

Prosecutors in the U.S. Attorney's Office for Western Washington charged a clerk for Maersk with stealing more than $250,000 from the company by means of a long-running wire fraud.

Seaspan on Jan. 8 took delivery of its latest containership. The MOL Empire from Hyundai Heavy Industries has a capacity of 5,100 20-foot equivalent units.

The U.S. is exporting more wastepaper to Asia, and that’s a good sign for the global economy.

Never mind the market trends, there’s one reason shipping, rail and trucking executives may be looking at this year with optimism for freight volume and even some measure of profitability.

Breakbulk shippers and carriers were spared the worst of the global recession last year, but they may be less fortunate in 2010.

With the holidays come and gone, international shippers and ocean carriers are asking whether the rate hikes carriers got last fall on their Asia-Europe and trans-Atlantic services will hold through t

With the lowest cargo volume in 71 years for iron ore and the worst in 77 years for coal, the two chief backbones of U.S.

Singapore-based port operator PSA International said its terminals handled 9.9 percent fewer containers in 2009 compared to the previous year, the first decline ever, as the worldwide recession hit gl

The Panama Canal Authority on Thursday awarded the fourth and final contract for dry excavation for a channel to its third set of locks to FCC-ICA-MECO, a joint venture between Spanish, Mexican and Pu

Although container freight rates are on the rebound on many routes, this does not mean the ocean container shipping industry will recover any time soon, and many carriers may run out of money before a

Hanjin Shipping and United Arab Shipping Co. plan to launch a joint service between Spain and West Africa on March 1, the South Korean carrier said Thursday.

Evergreen Line on Thursday announced another rate increase on all westbound cargo moving from the Far East, Japan and the Indian subcontinent to Europe and the Mediterranean.

Container traffic in the port of Amsterdam crashed by more than half in 2009 compared with the previous year as the port lost two of its three deep-sea liner services to neighboring Rotterdam.

Mitsui O.S.K. Lines Ltd. increased its stake in breakbulk operator Gearbulk Holding Ltd. from 40 percent to 49 percent.

The new board of directors of CMA CGM will meet for the first time on Jan.

Container traffic moving through West Coast ports increased 3 percent in November compared to November 2008, marking the first monthly year-over-year increase in 2009.

Hanjin Heavy Industries and Construction, Korea’s fifth-largest shipyard, plans to cut its shipbuilding workforce by at least 30 percent to help overcome a management crisis arising from a world

The active capacity of the world's 20 largest ocean container carriers shrunk by 2.4 percent over the past year, but there was relatively little change in their global market shares.

The Port of Montreal is seeing 2010 in with expectations of “a gradual but slow recovery” after a traffic decline unusual in recent years began to stabilize in the final months of 2009.

Horizon Lines said it switched terminals in Oakland to the terminal operated by Ports America to handle cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia.