Container Shipping News

Standard & Poor's Ratings Services on Wednesday lowered ratings on several types of Horizon Lines’ debt instruments.

Evergreen Line filed a range of rate increases on a number of different commodity exports in the trans-Pacific and the Trans-Atlantic to support what it called “sustainability.”

Rotterdam faces an enormous glut of container capacity when a new terminal begins operations in 2013, the head of the port's biggest box stevedore warned.

The Shipping Corporation of India announced its net profit fell 57 percent in its first fiscal quarter compared with a year ago, as the global economic slowdown hit the national carrier.

Maersk Line on Wednesday announced a general rate increase on its Trans-Atlantic services as of Sept. 1.

CMA CGM, Hapag-Lloyd and Hamburg Sud will reduce vessel capacity by combining two of their liner services in August into a new direct service between the East Coast of South America and North Europe.

Hapag-Lloyd on July 28 agreed to sell a stake in a Hamburg container terminal to its shareholders for $447 million in the first part of a $2.5 billion survival package for Germany's biggest ocean carr

Babcock & Brown Infrastructure on July 28 said it will book a pretax loss of around $170 million after agreeing to sell a bigger stake in its Euroports unit at a lower price.

Second quarter profit for Athens-based container ship-owner Danaos fell 35 percent from a year ago, but the company said it detected signs of recovery in the ocean container market in the upcoming pea

All three Japanese carriers on Monday reported losses for their fiscal first quarters, ended June 30, and two of them, NYK Line and “K” Line, forecast losses for the full fiscal year.

During the fiscal year ended June 30, Georgia Ports Authority saw a 10.5 percent decrease in total containers and a 12.4 percent decline in total tonnage.

Matson Navigation earned an operating profit of $21.1 million in the second quarter, a decline of 44 percent below the same quarter last year but an improvement from the $0.5 million operating loss it

The city state of Hamburg, Hapag-Lloyd's second largest shareholder, is due to decide July 28 how much cash to inject into Germany's biggest ocean carrier to help it survive the slump in the container

At its two–hour meeting July 14 with several dozen members of the Association of Bi-State Motor Carriers, Maersk officials faced a number of questions over the broad outlines of its chassis strategy a

The normally steady liner trade between the U.S. and Australia-New Zealand is expected to be

Like those of many other Asian nations, India’s exports have fallen by a third as the global recession sapped demand overseas.

When the Panama Canal Authority this month awarded its $3.1 billion contract for the design and construction of the canal’s third set of locks, there were actually two wi

While many are looking out for a recovery in manufacturing and trade, the economic strain spreading through the shipping world is moving into a new phase, triggering changes in operations that may las

Evergreen Line and Cosco Container Lines will launch a joint service from Shanghai, China on July 26.

Hanjin Shipping paid the Federal Maritime Commission $440,000 to settle allegations that it violated the Shipping Act of 1984, the commission announced this week.

HHLA, Hamburg's top container stevedore, today, July 24, announced its intention to sell its box terminal in Lubeck because of a steep slump in Baltic feeder traffic at the neighboring north German po

Containerized imports at the Port of Tacoma, Wash., plunged 35.5 percent in June, the steepest year-over-year decline the Pacific Northwest port has seen this year.

The Port Authority at Vancouver, British Columbia, is canvassing its options, including legal action, after Canadian National Railway switched its rail service to trucks for three of the port's four c

Horizon Lines said a drop in shipping volume combined with $35.2 million in one-time charges, including $20 million to settle class-action lawsuits in the Puerto Rico trade, to produce a $31.1 million

Hapag-Lloyd and OOCL, extending the capacity cuts by container lines, will combine a joint trans-Atlantic service into a single loop with Mediterranean Shipping Co.’s Canadian Gateway service.

The Port of Seattle had its best month of the year for international containerized cargo in June, although volume measured in loaded TEUs declined 10.9 percent compared to the same month last year.

GATX, a railcar and maritime asset leasing provider, earned a profit of $12.7 million on total gross income of $288.1 million in the second quarter. Gross income was down 24 percent.

Ocean carrier ZIM will use Da Chan Bay Terminal One in Shenzhen, China for services covering the Asia-U.S.

One-third of all container ships under construction or on order will be delivered late after shipowners and ocean carriers persuaded shipyards to defer deliveries amid a growing glut of capacity.

The Port of Tampa is planning to tear down its ailing 35-year-old Harborside cold storage facility and concentrate on container cargo rather than breakbulk perishables.

In its first-ever monthly newsletter this month, the European Liner Affairs Association said Europe's total containerized import volume fell 20.6 percent in the first five months of the year, part of

Hanjin Shipping added its trans-Atlantic services to the growing parade of rate increases announced by ocean carriers, saying it will hike prices on the lanes Sept.

Container cargo traffic at Port Metro Vancouver, British Columbia, is down 15 percent for the first half of this year to 1.04 million 20-foot equivalent units, in a recession-induced slump in imports

Yang Ming Line, joining the liner company parade to raise pricing, will implement a general rate increase for cargo moving on its services from Asia to the United States, effective Aug. 10.

Negotiations for a $1 billion aid package for Hapag-Lloyd fell into a deadlock as its second-largest shareholder balked at injecting more cash into the struggling German ocean container carrier.

CMA CGM, ramping up pressure from carriers to push up beaten-down revenue, today confirmed it will apply a previously announced peak-season surcharge of $150 per 20-foot container on shipments from As

APL’s container volume and average revenue per container fell in the period from May 30 to June 26, its parent Neptune Orient Lines said Monday.

Kuehne + Nagel net profit fell 16.1 percent in the second quarter compared with a year ago as the global economic slowdown depressed ocean and air freight traffic.

Stephen Donchez feels the pain of drivers who get stuck behind one of his big rigs.

The idea of nuclear power being the only practical answer to the world’s growing need for clean air is gaining traction.