Container Shipping News

France's biggest dock workers’ union called for a 24-hour strike at France's seven largest ports on Nov. 6 in the latest protest against government plans to privatize container handling.

China Cosco Holdings, parent of Cosco Container Lines, posted a loss of $101.2 million Thursday for the quarter ended Sept.

Mediterranean Shipping Company announced rate increases for export cargo from North America and Mexico to Europe, Mediterranean, Africa, Middle East and India.

OOCL named Erxin Yao president of its business in the United States, the ocean carrier announced Thursday, on the retirement of Peter Leng.

CMA CGM’s creditors want the carrier to replace founder and CEO Jacques R. Saadé before they restructure the container carrier’s $5.6 billion debt, according to Bloomberg News.

Alexander & Baldwin said Wednesday that Matson Navigation, its ocean transportation segment, earned an operating profit of $24.2 million in the third quarter ended Sept.

Neptune Orient Lines posted a $139 million loss in the third quarter ended Sept.

NYK Line joined a growing parade of carriers raising rates on trans-Atlantic lanes on Wednesday, announcing price increases effective Dec. 1 on shipping to and from Northern Europe.

Maersk Line will extend its Asia - Europe AE10 service into the port of Gdansk, Poland, which it said creates the first direct connection between China, Southeast Asia and Poland.

Steel imports to the United States increased in September by 23.4 percent over August, to 1.2 million tons from 975,000 tons. However, they are down nearly 60 percent when compared to September 2008.

Dallas-based Trans Atlantic Liner Services is planning a new monthly multi-purpose service between Ireland, Canada and the U.S. East Coast to begin in late November.

India's Port of Mumbai plans to extend the facility of additional free storage time for containers, introduced earlier in 2007, for a further period of one year ending November 2010.

Hapag-Lloyd's financial position is improving on the back of stable ocean freight rates and a successful cost-cutting program, the troubled German ocean carrier's largest individual shareholder said.<

China Shipping Container Lines posted a third-quarter loss of $284 million, which it said was 683 percent worse than the $39.7 million it reported for the same quarter last year.

Cosco Pacific, Asia&rsquo;s third- largest container-terminal operator, posted a 49 percent drop in third-quarter profit as the global recession damped world trade, Bloomberg reported.

Hanjin Shipping&rsquo;s shareholders approved its board&rsquo;s decision to divide the company into two separate companies, Hanjin Shipping Holdings, a holding company, and Hanjin Shipping, an operati

A Japanese navy destroyer collided with a container ship operated by South Korea&rsquo;s Namsung Shipping south of Japan on Tuesday, causing a fire and injuring three of the military vessel&rsquo;s cr

In the wake of deep capacity cuts by the three New World Alliance carriers (APL, Hyundai Merchant Marine and MOL) and Maersk Line a week ago, OOCL announced the second phase of its "rate restoration"

The ports of Seattle and Tacoma reported mixed results in September container volumes although the trend lines are generally positive.

French container carrier CMA CGM is seeking a further rate increase on freight from the East Coast of South America to Mediterranean, Persian Gulf and North European ports.

A supply chain official at a major sporting goods shipper says a &ldquo;war council&rdquo; after the global financial meltdown last year led the company to cancel its new orders and scale back invento

Container traffic fell only 6 percent in the third quarter at terminals operated by DP World, signaling a recovery from steep falls in the first half of the year.

Mediterranean Shipping Company will seek a rate increase on the westbound trades from India to Europe, as part of a new rate restoration program.

Maersk Line plans to start a new dedicated feeder service between Jebel Ali in the United Arab Emirates and Umm Qasr in southern Iraq in November.

German container shipowners, who control a third of the world box ship fleet, are facing increasing financial difficulties and the threat of bankruptcy as charter rates test fresh lows with the end of

Japan&rsquo;s three largest shipping lines, NYK Line, MOL and &ldquo;K&rdquo; Line, on Tuesday reported losses for the first half of their fiscal years ended Sept.

Maersk said more than 700 truckers in the Northeast and Ohio Valley have signed up for a subsidiary&rsquo;s new program that charges motor carriers $11 a day for unrestricted use of intermodal chassis

Trans-Pacific shipping rates are rising, but not high or fast enough for ocean carriers, says Wei Jiafu, president and CEO of China Ocean Shipping Co.

The Port of New York and New Jersey should develop container-handling facilities in Brooklyn while continuing to expand in New Jersey and Staten Island, Rep.

European Union anti-trust regulators launched an in-depth probe of a $20 billion German state aid package for HSH Nordbank, the world's top shipping bank.

Transatlantic AB, the leading Swedish breakbulk and roll-on, roll-off shipping line, said it breached loan covenants after lower cargo volume and weak freight rates pushed it into the red in the third

India&rsquo;s Port of Jawaharlal Nehru cancelled a global tender to develop its planned 330-meter container berth extension project, originally estimated to cost $130 million.

As if steep volume declines and competitive pressures weren’t bad enough, roll-on, roll-off carriers handling heavy equipment are dealing with a global slowdown in construction that has no end in sigh

A spate of new orders from one of the world’s most rapidly developing markets promises to sustain project cargo carriers just as they near the end of orders that have kept them busy through the recess

After a year in which every bit of news coming out of the container shipping industry was seemingly negative, it’s a welcome sign to see indications of growth — and another sign the industry may have

The European roll-on, roll-off industry is putting the brakes on a yearlong slide in cargo volumes and rates that stirred speculation of imminent bankruptcies.

Horizon Lines earned a profit of $8.4 million in its fiscal third quarter ended Sept. 20, down 24.3 percent from $11.1 million in the same period last year.

A.P. Moller-Maersk launched on Friday an issue of euro bonds to refinance its bank debt and provide a fund for potential acquisitions.

An MOL executive said its container unit may be unprofitable for two more years as rising global capacity and slowing world trade damps rates.

Import cargo volume at the nation&rsquo;s major retail container ports is rising slowly, according to the monthly Port Tracker report released Thursday by the National Retail Federation and IHS Global