Container Shipping News

Goh Teik Poh has been traveling throughout Southeast Asia during the last six weeks, visiting customers and forwarders in Vietnam, Cambodia, Thailand, Malaysia and Bangladesh.

The No.

Three Beluga vessels, Fraternity, Foresight and Family are now in transit or in port along Russia’s Arctic-facing northern shore, the fabled Northeast Passage.

Maersk, the world's biggest ocean container carrier, swung to a $402 million second quarter loss from a year-earlier profit of $198 million as cargo volume and freight rates plunged deeply across its

Evergreen Line is adding the Far East and Indian Sub-Continent to Mediterranean Westbound Trades to its list of trade lanes to get a general rate increase as the peak season approaches and other ocean

India’s Cabinet Committee on Infrastructure on Aug.

Containerized cargo traffic at the Port of New York and New Jersey fell 18.8 percent in June as an accelerating decline in exports offset slight improvement in imported business, the Port Authority sa

Container trade imports will fall 20 percent in August and September and another 18 percent in October, pushing overall retail imports for 2009 down to the lowest level since 2002, industry forecaster

Deutsche Bahn, Germany's state-owned rail company, earned less than half the profit of a year ago due to "massive declines" in rail, ocean and air cargo volume.

CMA CGM carried the shipping world's rate hiking efforts to two more trade lanes on Wednesday, announcing price increases on container business from Asia to North Europe and between Asia and the Medit

The container ship order book is down to its lowest point since 2005 as ocean carriers and charter ship owners impose a buying freeze in a bid to rein in capacity amid plunging freight rates and shrin

The Asia to Chicago and Memphis container traffic of the Port of Prince Rupert, British Columbia, and its sea and rail partners, is on an upswing other North American ports have yet to experience.

Average spot rates for shipping a 40-foot container from Hong Kong to Los Angeles grew 5.5 percent in the week ending Aug.

Shipping industry analysts expect A.P. Moller-Maersk, parent of the world’s largest container line, to report a steep net loss when it reports its financial results this Friday.

The global recession brought volume and earnings down significantly at the Port of Charleston. Profit plummeted 53 percent to $25.7 million for the fiscal year ending June 30.

Container volumes at West Coast ports in July lagged far behind last year's numbers.

A.P.

India’s Port of Mumbai agreed to extend concessions on empty container storage charges for a further period of one year ending September 2010 in response to appeals from port users and the trade

The Russian navy arrested eight men for hijacking the freighter Arctic Sea, the Associated Press reported.

Hamburg's container traffic plunged 28.7 percent in the first six months of 2009 from a year ago, much deeper than declines at close rivals Rotterdam and Antwerp amid collapsing box imports from its k

CMA CGM carried the shipping world's rate hiking efforts to a new market Tuesday, announcing price increases on container business between Europe and the Indian sub-continent.

Neptune Orient Lines container shipping volume grew to its highest level this year in the monthly period ending July 24, growing 8.8 percent from the previous reporting period and providing a new sign

If North American intermodal shipping were only a domestic business, there would be plenty of reason to say things are bottoming out.

A.P.

Emboldened by improving vessel utilization under steep capacity cuts, carriers in the eastbound Pacific are warning cargo consolidators: If you don’t agree to pay higher freight rates, securing space

Last year’s gut-wrenching drop in global steel demand appears to be easing as rust-belt steel manufacturers gingerly begin restarting idled mills and recalling workers.

French carrier CMA CGM will implement a general rate increase for cargo moving on its services from India to destinations in West Africa, effective Sept. 1.

A leader in the New York-New Jersey port trucking community said he is among drayage operators who have signed up to rent Maersk Line chassis under the company’s new Direct ChassisLink program b

Rickmers Maritime Trust, the Singapore-based containership owner and charterer, said its profit for the second quarter ended June 30 dropped 43 percent to $5.33 million from $9.2 million in the same q

The owners of Hapag-Lloyd, the cash-strapped German shipping line in which TUI AG is the biggest shareholder, have reached an agreement on additional funding, according to Bloomberg news, citing a per

The 8,400-TEU container ship Zim Los Angeles made its first call at the Port of Seattle, demonstrating that ocean carriers see the Pacific Northwest as a viable gateway for mega-ships.

Troubled Chilean carrier CSAV reported a loss of $412.6 million in the first half of 2009 compared to an $18.3 million profit in the same period last year on declining volumes and freight rates.

As Hapag-Lloyd reported a second-quarter loss, the troubled German container line’s owners reportedly reached agreement on a financing package for it.

Hanjin Shipping said it is raising freight rates on four trade lanes from various parts of Asia to Europe and the Mediterranean as of Sept. 1.

Thomas Thune Andersen, the chief executive of Maersk Oil and former president and CEO of Maersk in the U.S., will leave his position as CEO of Maersk Oil and partner of Firmaet A.P.

While the global recession was driving container shipping into a deep contraction in the first half of 2009, the way shippers placed their remaining orders underwent a

The index of average spot prices for shipping a 40-foot container from Hong Kong to Los Angeles jumped by 57.4 percent in the week ended Aug.

NYK Line will implement a general rate increase for all dry and refrigerated containers to and from U.S. and Canadian ports to all port in Northern Europe as of Sept. 14.

Shipments of rail-truck intermodal cargoes across the United States and Canada are showing more signs of life, but are swamped by continued sharp declines for international shipments that are mainly o

TUI is preparing to give a further $595.9 million to its former shipping unit Hapag-Lloyd, several people familiar with the situation told Reuters on Monday.