Container Shipping News

PD Ports completed the first phase of expanding the container terminal handling facilities at Teesport on the UK’s northeast coast.

The first ship to call at the Port of Seattle's new Terminal 30 arrived on Saturday, the Port Authority said.

Despite the global economic recession, Santos, the largest port in Latin America, reported a throughput of 38.4 million tons in the first half, or 3 percent higher than in the same period of 2008.

Hamburg Süd and its Brazilian affiliate Aliança plan to merge their Tango service with CSAV’s USAtlan service to reduce capacity on the trade lane between the U.S.

French carrier CMA CGM will join Mediterranean Shipping Company as a vessel operator in a trans-Atlantic loop at the end of September in an effort to match capacity to dwindling demand.

Breakbulk and heavylift specialist Rickmers-Linie in partnership with Escombe Lambert Holdings established a liner agency in the UK.

CMA CGM Group will increase freight rates in the trans-Pacific and trans-Atlantic trades, effective Sept. 1, the company announced Monday.

Bolloré Africa Logistics said it won a 25-year concession to operate the container terminal under construction at the port of Cotonou in Benin.

A.P.

When Maersk Line and Mediterranean Shipping Co., the world’s two largest container lines, announced rate increases on major lanes within a week of each other, the stateme

Operating profit for Wilh. Wilhelmsen increased 5 percent to $78.3 million in the second quarter, compared with the comparable period a year ago.

Mediterranean Shipping Co.

Orient Overseas (International) Limited lost $231.8 million for the first half of the year ended June 30, compared to a profit of $158.3 million in the same period last year, on lower container volume

Container throughput at India’s largest container port, Jawaharlal Nehru, fell 7 percent in the April-July period compared with a year ago, amid the continuing slump in the country’s forei

Hanjin Shipping lost $325 million in the second quarter ended June 30, almost double its first quarter loss of $191 million, as plunging freight rates and higher expenses offset gains from increasing

Maersk Line said 400 truckers have applied to participate in the chassis pool that the carrier launched this week in the Port of New York and New Jersey and surrounding areas.

Responding to increased demand, Seaboard Marine will employ a larger ship in its weekly Port of New Orleans container service with Latin America.

Seaspan Corporation on Thursday reported net profit of $112.3 million for the quarter ended June 30, 2009, up 32 percent from the $85.3 million it earned in the same quarter last year.

The world’s three largest container lines said Thursday they are cutting capacity on two trans-Pacific services they operate under vessel-sharing agreements they formed last summer.

The growth of the world’s container fleet almost stalled during the past few weeks as ships are sent to the scrap yards in droves while deliveries of new ships are slowing, according to Alphalin

Neptune Orient Lines, parent of liner company APL, lost $146 million in the second quarter ending June 30, most of it on steep declines in volume and pricing that left container shipping revenue down

OOCL announced a general rate increase for U.S.

APL Logistics and Con-way Freight are extending to Mexico their OceanGuaranteed service for less-than-containerload cargo from Asia.

Maersk Line said today it will seek rate increases on services to and from West Africa and on services between Asia and Latin America.

NYK Line said today it will issue two sets of unsecured $315 million bonds in a public offering on Aug. 11 to raise cash for its operations.

Reuters News issued a statement today objecting to what it called “erroneous claims” by MOL about quotes it reported in an interview with a senior MOL executive on June 4.

Container volume statistics compiled by Pacific Maritime Association confirm that West Coast ports in the first half of 2009 took a terrible beating, with overall volume falling a combined 20.7 percen

The idling of North American steel plants is giving the St.

Mediterranean Shipping Company (USA), joining the push by ocean carriers to pump up depressed container shipping price, announced a series of rate increases Tuesday starting Sept. 1 for U.S.

Marine terminal operators in Los Angeles-Long Beach will maintain the PierPass traffic mitigation fee at the current level of $50 per TEU despite declining cargo volumes.

New Jersey clerical employees of Evergreen Shipping Agency (America) remain on the job following the declaration of an impasse in negotiations with the International Longshoremen’s Association o

Klaus Rud Sejling will assume the position as Head of Group Strategy Office in A.P. Moller - Maersk as of Nov. 1, the company announced Monday.

Israel Corp. said it will provide a $350 million cash injection into Zim Integrated Shipping Services as part of a recovery plan for its struggling ocean container shipping unit.

Back in 2007, Don Hamm was worried his terminal wouldn’t have enough capacity to handle the growth in container trade.

Let’s face it, whether in good times or bad, no one wants to pay more for services or goods than they had been paying.

When the Port of Tampa decided recently to tear down its 35-year-old cold storage site and build a bigger facility as part of a larger container terminal expansion, the port was defying trends at port

Three of Bremen, Germany-based heavy-lift carrier Beluga’s 12,744 deadweight-ton F-class vessels will be transiting the chilly north-east passage along the northern shore of Russia this summer t

CMA CGM today joined the group of carriers that are attempting to raise freight rates on trans-Atlantic lanes in an effort all carriers are calling “rate restoration.”

Shipping lines that carry U.S. exports to Asia, joining the global rush to raise ocean rates, said Thursday they will seek to prop up freight pricing in the weak westbound Pacific market.

The Federal Maritime Commission is ending its investigation of the Los Angeles-Long Beach clean-trucks program, saying developments since it launched the probe last September have significantly dimini