Container Shipping News

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 “war council” 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’s three largest shipping lines, NYK Line, MOL and “K” 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’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’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’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

Evergreen Line and CSAV Norasia entered a slot-swap arrangement in the Asia-Mediterranean-Black Sea trades, effective in early November.

Japan's trade surplus expanded nearly six-fold in September from a year earlier to the highest level in 18 months, according to preliminary figures released by the Finance Ministry on Thursday.

A.P.

Container traffic in Antwerp fell 18.4 percent in the first nine months of the year from the same period in 2008, a significantly faster rate of decline than at its close rival Rotterdam.

Exports of steel from the United States increased in August by 13.1 percent over July, according to a report from the American Institute for International Steel.

APL, which already participates in two new services from Vietnam launched in June, plans to start a third at the end of October that will connect Vietnamese and Thai manufacturing centers with Japan,

The U.S. Supreme Court on Tuesday agreed to hear a case that should clarify what laws apply when international shipments are damaged in transit within the United States.

SHENZHEN, CHINA -- The president of container line APL said despite recent growth in volume and rates, the ocean carrier industry faces far-reaching structural change unless shipping demand turns upwa

Evergreen Line on Wednesday announced rate increases on the westbound trade from the Far East and the Indian Sub-Continent to Europe and the Mediterranean.

SHENZHEN, CHINA -- The head of J.P.

Evergreen Line said Tuesday that while it plans to order 100 new ships at some point, it has no plans to place the orders in 2010.

The officers and crew of the Maersk Alabama, who fought off a pirate attack earlier this year, will be presented with an Honored Seafarers plaque at the 40th annual United Seamen's Service Admiral of

Hyundai Merchant Marine will increase freight rates for the trade moving on its services from China to India and Pakistan.

Maersk Line and the three carriers that belong to the New World Alliance, APL, Hyundai Merchant Marine and MOL, on Tuesday said they will cut the capacity and services they share on the trans-Atlantic

Israeli ocean carrier Zim Integrated Shipping Services said it is close to getting final approval for a financial restructuring.

OOCL’s third-quarter revenue fell 42.3 percent to $948.9 million as its container volume dropped by 16.7 percent from the same quarter last year, the Hong Kong-based carrier said Tuesday.

The mayors of New York and Newark, N.J., surprised the trucking industry – as well as the bi-state port authority – by announcing on Sunday their support for a clean-trucks program that wo