Container Shipping News

New orders at Hyundai Heavy Industries fell 61 percent in 2009. The world’s largest shipbuilder forecasts lingering effects from containership overcapacity through this year.

DP World, the global container terminal operator, on Jan.

Maersk Line announced Monday it will implement a general rate increase on westbound dry cargo moving from South Asia and the Middle East to destinations in North Europe and the Mediterranean.

Hamburg Sud said Monday it will apply a general rate increase to all containerized cargo moving from the United States and Canada to Europe as of Feb. 15.

Ship owners and managers and others in the industry launched a new trade association at the Baltic Exchange in London on Monday with a broad mandate to represent and promote the health and medical int

CMA CGM’s new $500 million line of credit will buy the company time to rebuild its finances, but the world’s third-largest container line already is reconstructing its business.

Cynicism is growing among many shippers besieged with notices of freight rate increases that note ocean carriers are seeking to maintain services.

Container handling came to a standstill Monday at France’s seven largest ports as dockworkers staged the first of two 24-hour strikes to protest government reforms of box terminal operations.

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Antwerp, Europe's second largest port, handled 16 percent fewer containers in 2009 than in 2008, losing market share to its main European rival Rotterdam for the first time in several years.

The Port of Rotterdam's container traffic fell 10 percent in 2009 from a year ago, but Europe's biggest box hub boosted its share of the key Asia-Europe liner shipping trade.

Japanese carrier NYK Line opened its own agency office at Hyderabad, a major inland cargo location in the southern state of Andhra Pradesh, India.

Hamburg-Sud booked what it called a "small" loss in 2009 as revenue and cargo volume declined by double digit percentages, the chief executive of Germany's second largest ocean carrier said.

Fesco Logistics on Dec. 28 delivered a single piece of construction equipment weighing 100 tons to Novorossiysk, Russia.

Ocean container carriers' share prices rose by an average 19 percent in the past year as growing optimism over a market recovery in 2010 outweighed the impact of record operating losses.

Mobile Concepts by Scotty, a Pittsburgh-based commercial vehicle and trailer manufacturer, completed the first phase of a Defense Department contract to convert ocean containers for use as training si

Hanjin Shipping on Dec. 23 added a “carbon calculator” to its Web site to let customers know the amount of emissions generated by their cargo for any given transportation segment.

The container ship charter market is ending the year close to record lows with ocean carriers' demand for hired vessels weakening as cargo volumes shrink to seasonal lows on key east-west liner trade

Financially troubled CMA CGM returned to profitability on its operations between Asia and North Europe in October and expects overall operations to show operating profits in November and December.

The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles stood at $1,268 last week for the third straight week, according to an index published by London-based Drewry Shipping Cons

OTTAWA — The St.

The Panama Canal Authority received four bids for the latest segment of an excavation project that is part of the canal authority’s construction of locks to handle 12,500-TEU container ships by

The world’s top 22 ocean container carriers lost some $11 billion in the first nine months of the year and face further losses in 2010 as the industry digs out from the worst downturn in its 50-

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.