Container Shipping News

Some container shipping carriers are down to their last lifeline and need more revenue quickly in order to survive, the chairman of the Transpacific Stabilization Agreement warned.

The city of Beaumont, Texas should see a marked improvement in downtown traffic congestion thanks to the Port of Beaumont’s $10.5 million rail improvement project, now being reviewed by the stat

Container throughput at major ports in India fell 6.32 percent during the first half of fiscal 2009-10 ending Sept.

Hapag-Lloyd’s part owner, the German travel group TUI, agreed to provide further financial support to the troubled carrier to help it secure a government lifeline for the shipper, Reuters report

MOL said Thursday it will apply a peak-season surcharge on bills of lading for all shipments from Europe and the Mediterranean to Asia.

Mediterranean Shipping Company will charge a container fee for export equipment picked up at some Midwest depots as well as other locations in the United States effective Nov. 1.

The organizations representing ship managers and ship suppliers called upon ship owners to discuss cash flow problems openly as the global slowdown has made many slow to pay.

Shipping lines operating in the Pacific plan to increase freight rates to the U.S.

MISC Berhad expanded its Halal Express Service 1 (HES1) between the Far East, Southeast Asia, the Indian Subcontinent and the Middle East with a direct call at India’s Port of Pipavav.

Berlian Laju Tanker, Indonesia's biggest shipping line, will become the world's leading operator of chemical tankers if its planned $174 million takeover of Norway's Camillo Eitzen [CECO] goes through

Australia’s Babcock & Brown Infrastructure is set to sell its UK ports business and a 50 percent stake in one of the world’s biggest coal shipping terminals as part of a $1.5 billion r

Having already lost about four percent of their market share of Asian cargo to Canadian and East Coast ports the past few years, and hoping to avoid a further diversion of cargo when the Panama Canal

Container shipping needs “transformation” that goes beyond the changes carriers are undertaking to survive and likely will include consolidation, a Maersk executive told The Journal of Commerce’s East

Crowley Maritime Corporation promoted Tucker Gilliam to general manager Dominican Republic/Haiti for the company's liner services group.

Ocean carrier OOCL will increase its rates on all dry and refrigerated cargo from Hong Kong, Macau and South China to New Zealand, effective Nov. 1.

Momentum Logistics, a subsidiary of international port management company, Gulftainer, signed a contract to provide dedicated warehouse space and other logistics services to United Arab Shipping Compa

Mediterranean Shipping Company will increase freight rates for cargo moving on its services from India to Europe and Africa, effective October 12.

Charter ship owners that basked in a bull market for their ships in the boom years of tight capacity are being battered by the recession.

Chicken’s popularity among global consumers is proving largely recession-resistant, propping up poultry exporters and the Gulf ports and terminals they use.

The U.S. Gulf’s proximity to Central America has long kept the region’s ports busy with imports of perishable melons, cantaloupes, bananas and other fruits and vegetables.

James McKenna, president of the Pacific Maritime Association, and Robert McEllrath, president of the International Longshore and Warehouse Union, are co-recipients of the 2009 Connie Award presented b

A sharp drop in trans-Pacific container volumes this year caused NYK Line to drop plans to lease a proposed 168-acre container terminal at the Port of Tacoma.

Germany's parliament cleared the way for Hapag-Lloyd to receive federal and local government loan guarantees worth $1.8 billion to help the container line survive the downturn in global trade.

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.