Container Shipping News

Zim Integrated Shipping Services said its parent Israel Corp.

Expeditors International of Washington saw its net profit fall 33 percent in the third quarter, to $57.8 million, as tighter capacity and rising prices in ocean and air transport services cut into fre

Dock workers in Piraeus began a 48 hour strike Nov. 3 in a fresh bid to prevent China's Cosco Pacific taking over two of the three container quays at Greece's biggest port.

The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index

Mediterranean Shipping Co. said Monday it will add calls at Norfolk to the revised port rotation of its Golden Gate Service from Asia via the Suez Canal.

Evergreen Marine Corp.

Mediterranean Shipping Company posted a two-stage general rate increase on Monday for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico.

Ocean container carriers seeking extra cargoes are failing to grab market share from conventional refrigerated vessels despite "desperate marketing and pricing tactics," a leading reefer ope

Maersk Line on Monday announced a general rate increase as of Nov. 15 on cargo it carries from South Asia and the Middle East to Europe.

Maersk Line said Monday it plans to launch a new service this month between the eastern Mediterranean and Central Europe via the Adriatic Sea that it calls the Adriatic Levant Express or “ALEX.&

Following similar moves by several other carriers in recent weeks in taking advantage of capacity cuts on the trans-Atlantic, Hanjin Shipping on Monday said it will raise its freight rates on the tran

Net profit for state-owned Shipping Corporation of India fell 88 percent from a year earlier to $7.3 million in the second quarter ending Sept. 30.

Israel Corp delayed for a third time a key vote on a financial restructuring for subsidiary Zim Integrated Shipping Services, casting fresh uncertainty over the future of the troubled Israeli ocean co

Evergreen Line said Friday it will increase rates in December and January on cargo on outbound containers from North America to Europe, Asia, Australasia and the Middle East.

SHENZHEN, China — No one can accuse Electrolux’s Bjorn Vang Jensen of complaining about volatile shipping rates and not doing anything about them.

Five years ago, the U.S.

For all the gloom and doom that container lines have been expressing about falling volumes, one segment of the trade has been holding up fairly well — the reefer trade.

The Port of Charleston is having a born-again experience.

Transloading volumes at West Coast ports are down, but importers’ interest in transloading is up as companies look to take cost out of their supply chains.

While the reefer sector has avoided the catastrophic drop in business felt by container carriers handling “dry” cargoes, rates and volume for refrigerated shipments have dipped this year.

Specialized reefer vessels may be losing the battle to gain market share to the world’s container fleet, but last month the sector won a battle of the green.

Israel Corp's shareholders are scheduled to vote Sunday, Nov. 1, on a complex financial restructuring of its ocean container unit Zim Integrated Shipping.

Mediterranean Shipping Company will offer direct service from the U.S. East Coast to Jeddah, Saudi Arabia, with a change in rotation on its GGS USAEC / Far East service.

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