Container Shipping News

The Panama Canal Authority said Thursday it will extend the discount program introduced in June to provide short-term cost reductions and greater flexibility to its reservation system through the end

The Shipping Corporation of India said it will delay the acquisition of 72 new vessels it had planned to buy during the 11th Five-Year Plan covering 2007 to 2012.

Maersk Line’s plans to save money by replacing a number of its Danish deck officers with foreign nationals ignited controversy in Copenhagen, where the world’s largest container line is ba

A proposal to provide German government guarantees for $1.8 billion in loans to Hapag-Lloyd by its owners will probably be decided by Germany’s Bundestag today.

Rickmers-Linie is expanding its co-operation with Japan's Eastern Car Liner on the trans-Pacific trades with the launch of a new eastbound service.

International Longshoremen's Association delegates voted overwhelmingly Wednesday for a two-year extension of the union contract covering 18,500 Atlantic and Gulf dockworkers.

MOL received government approval to establish a new joint terminal operating company in Vietnam.

Evergreen Line will increase its rates from European ports to ports along the Mediterranean, beginning Oct. 1.

Ship leasing company Danaos took delivery of its 42nd containership, the CMA CGM Moliere with a capacity of 6,500 20-foot equivalent units, adding new capacity even as ocean carriers around the w

A German government committee delayed a decision on $1.8 billion of state-backed loan guarantees to ocean carrier Hapag-Lloyd due Sept. 30, to address questions raised by lawmakers.

Babcock & Brown Infrastructure, the financially troubled parent of pan-European bulk/break bulk stevedore Euroports, rejected a refinancing proposal from a group of international hedge funds.

German lawmakers are expected to approve $1.8 billion of state loan guarantees for Hapag-Lloyd, the country's largest ocean container carrier.

The fleet of idled container ships controlled by charter ship-owners reached a record high in September and exceeds the number of unemployed vessels controlled and operated by ocean carriers for the f

Maersk Line is making some major changes in its trans-Atlantic services.

Kuehne + Nagel, one of the world's largest sea freight logistics providers, committed to using INTTRA eInvoice.

The European Liner Affairs Association, a trade association consisting of most of the world’s major container lines, welcomed a decision by the European Commission to extend the antitrust immuni

CMA CGM reached agreement to establish a committee of French, European and international banks that will help it restructure its troubled balance sheet, the company said Tuesday.

After a day-long effort, the lower Mississippi River channel was partially restored to commerce Monday afternoon.

Jan De Nul n.v. won the contract to dredge the Panama Canal’s Atlantic entrance as part of the canal’s expansion program.

APL cut the ribbon Monday on its new U.S. headquarters in Phoenix, Ariz., where it is relocating its Americas staff from its long-time base in Oakland as part of a corporate retrenchment.

Mediterranean Shipping Co. will transfer its vessel calls at the Port of New York and New Jersey from Maher Terminals to the adjacent Port Newark Container Terminal, effective Oct. 1.

Container shipping consortia will be exempt from European Union competition rules for five years past the current deadline, the European Commission said Sept. 28.

The German government is ready to provide Hapag-Lloyd with state loan guarantees worth $1.759 billion, a government official told Reuters on Monday, speaking on condition of anonymity.

MOL expects an operating loss of $146 million in the six months ended Sept. 30, it said after the market closed on Sept. 25.

Dave Akers is still arranging for a lot of toy imports this peak season, even if volumes are down from last year.

When the United States imposed Section 421 safeguard duties of up to 35 percent on tire imports from China this month, much of the trade world reacted like fight fans eager for an all-out brawl.

Ocean carriers started this year with excess capacity while retailers were carrying far too much inventory, making for a nightmare scenario as the global recession plumbed new depths.

For the first time in decades, the share of total U.S.

West Coast ports will lose ground in the U.S.

Dockers at the Port of Piraeus in Greece plan to hold two 48 hour strikes in early October to protest the takeover by China’s Cosco Pacific of container operations at Greece’s biggest port

The Rotterdam Rules now have 16 signatory nations, with more expected in the near future.

French ocean carrier CMA CGM is meeting with creditor banks and French finance ministry officials in Paris Sept. 25 to discuss its financial situation.

Zim, the beleaguered Israeli ocean carrier, reached an understanding with a Korean shipyard to delay the delivery of four 10,000-TEU container ships by up to five years, in a major boost to its restru

TBS International took delivery of the Rockaway Belle, the first in a series of six "Roymar Class" vessels.

Maersk Line may reverse its decision to leave the Port of Charleston at the end of 2010 if the South Carolina State Ports Authority can seal an agreement under discussion this week, the port's new chi

A long-planned project to turn two brownfield sites on the Delaware River into a breakbulk, project cargo and bulk port is now underway at Paulsboro, N.J.

Multi-purpose heavy lift carrier BBC Chartering USA’s Andino Express Line will begin a monthly sailing from the Port of West Palm Beach to Northern Colombia, Ecuador, Peru and Chile beginning in

Zim Integrated Shipping Services unilaterally decided to cut all of its long-term charter hire payments to ship owners by 35 percent for three years starting Sept.

Evergreen Lines said it will apply its general rate restoration program to eastbound shipments starting Oct.

Total U.S. imports of steel declined 13.8 percent to 854,000 tons in August compared with 991,000 tons in July, based on preliminary reporting.