Container Shipping News

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

Where energy development blooms, project cargo will follow — but how long it will be before Iraq is a busy commercial heavy-lift destination is anyone’s guess, because of the country’s bitter politica

News about near-sourcing trends in shipping inevitably refers to the container trades. Little has been reported about near-sourcing in breakbulk, and perhaps more attention should be paid to it.

Container shipping is a chronically unprofitable industry that is ripe for consolidation and awash with speculation about which line will be the next to sink.

The most important event for the project cargo business may have been this month’s meeting of the Group of 8 nations in L’Aquila, Italy.

Mighty Rotterdam, the world’s fourth-largest port, may dominate northern Europe’s ports, but it does not rule European breakbulk cargo. That distinction belongs to the neighboring Port of Antwerp.

Crisis? What crisis?

Petrochemical and refinery projects in the Middle East are starting to pump again after backpedaling in the wake of last year’s oil price crash.

The slump in the U.S. housing and automobile markets is having a chilling effect on copper shipments at the nation’s ports as shippers from leading South American producers bypass the U.S.

Mediterranean Shipping is zigging while its competitors zag, and the numbers prove it.

Energy consumption in the developed nations of the Organization for Economic Cooperation and Development is expected to grow about 15 percent through 2030 — but consumption in developing or non-OECD c

Containerized imports at the ports of Long Beach and Los Angeles fell 22.3 percent in June, the steepest combined decline at the nation’s largest port complex since March, according to figures r

Container traffic at Le Havre fell eight percent in the first half of 2009 from a year ago, around half the rate of decline at its larger rivals Antwerp and Rotterdam.

OOCL today christened the eighth Panamax class vessel in its line of 16 4,500-TEU vessels that it has ordered from Samsung Heavy Industries.

Fesco – Russia’s biggest ocean container carrier – reported 2008 revenues surged 40 percent from the previous year, but net income plunged 80 percent.

Japanese export ship orders during the first half of this year sank to the lowest level for a January-June period in 16 years, indicating a recovery in shipowners’ flagging demand for new vessels is n

The American fleet on the Great Lakes is having a very bad year, with a third of the vessels tied up and the remainder carrying 20.9 million tons of cargo for the first half, down 46.6 percent from th

Hapag-Lloyd announced it will raise its rates on the Trans-Atlantic in a series of steps that include an emergency bunker surcharge followed by a two-step general rate increase.

U.S.

After of months of a downward trend in container traffic through the Port of Halifax, some of the most recent statistics are showing a slight positive shift.

Volumes at India’s 12 major ports have seen growth for the second consecutive month, showing the early signs of a gradual recovery in the global economy.

Hanjin Shipping will join APL's Suez Express Service, linking South Asia, the Middle East and the U.S. East Coast, beginning at the end of this month.

Mediterranean Shipping Co., the world’s second-largest container line, plans to scrap more of its older vessels and return chartered ships to keep its overall capacity from growing as it take on new,

Maersk Line was named Sustainable Shipping Operator of The Year in an awards ceremony in London on july 15 that recognized its effort to reduce the environmental impact of its business operations.

Imports at the leading container ports increased 5 percent in May compared with April, but were down 20 percent compared with May 2008, continuing a trend that has been present in the U.S.

Containership owner Danaos, facing declining demand in the charter market, is delaying delivery of five 6,500 TEUs ships from a South Korean shipyard that have been chartered for 12 years to French oc

The volume of container handled by the Port of Rotterdam fell by 15 percent in the first six months of 2009 to 4.6 million TEUs, but the Port of Rotterdam Authority said July 15 it believes the downtu

New York-New Jersey port truckers said they support the concept of chassis pools, but aren't happy with Maersk's planned Direct ChassisLink program, and won't support it without changes.

Singapore's container terminals handled nearly 2.1 million TEUs in June, down 17 percent from the same month last year, but only fractionally below May levels, according to preliminary estimates by th

Idled container ship capacity is heading for more than 2 million TEUs by the end of the year, as shrinking global box traffic amid accelerating deliveries of new ships swells the glut of tonnage.

The members of the U.S.

The parent of Hong Kong-based carrier Orient Overseas Container Line said revenue plunged 42.6 percent in the quarter ending June 30, and the carrier said it expects the sharp decline in shipping to c

Container traffic handled by major ports in India fell 8.4 percent in the April-June period, the first quarter of fiscal 2009-10, amid signs of improvement in overall traffic movements.

Crowley Maritime delivered the Royal Ballet’s sets, scenery, costumes, lighting equipment and props to Cuba last week for the ballet troupe’s performances in Havana July 14-18.

Zim Integrated Shipping Services is sailing against prevailing business winds by adding capacity to its fleet.

When Maersk Line officials this year looked at the service requirements of their trans-Pacific customers, they came to a shocking conclusion: “Even we couldn’t get the scale we wanted on o

Automobile and roll-on, roll-off traffic between the U.S. and the Middle East is in slow recovery mode after falling hard and fast.

Do tanks fly?

From 2004 through 2008, U.S. exports to Brazil, Colombia, Chile and Argentina — South America’s four largest economies— more than doubled. While U.S.

The proverbial “green shoots” that some analysts detect in recent economic indicators are not appearing in the global container shipping industry.