Container Shipping News

Hapag-Lloyd, the world’s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders

All U.S.-flag ships in international commerce would have to be built in the United States if language approved July 9 by the Senate Commerce, Science and Transportation Committee becomes law.

Two shipping consortia that provide services between northeast Asia, Brisbane and New Zealand said today they are cutting capacity on the route by combining their two loops.

New legislation will give Louisiana importers and exporters a $5 per-ton tax credit on breakbulk or containerized cargo on oceangoing vessels through a Louisiana public port authority.

Carriers under economic distress are appealing to the mercy of shippers, but it's not having the desired effect.

Chilean carrier CSAV said it has raised $145 million of new capital, most of it in the form of new equity from existing shareholders.

Maersk Line said July 9 it will revise the port coverage and rotation of its Euromed service between Northern Europe and the Eastern Mediterranean as of July 20 and add a new feeder service to increas

Members of the Asia-Australia Discussion Agreement will implement a rate increase as part of a rate restoration program for the trade moving from China and Hong Kong to Australia.

Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.

The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.

A consortium led by Spanish firm Sacyr and Italy’s Impregilo submitted the lowest bid on a contract for the largest portion of the Panama Canal’s $5.25 billion expansion project, the Panama Canal Auth

Freight traffic on the St. Lawrence Seaway slumped nearly 36 percent in the first third of the navigation season.

Hamburg Sud and Alianca will raise bunker surcharges on their east coast Americas trade routes by US$25 per TEU, starting from the beginning of August, the Shipping Gazette reported.

Evergreen Marine said today it plans to reduce the size of its global container fleet by a sixth over the next four years as it sees no clear signs of an economic recovery.

Shipping lines in the eastbound Pacific announced a huge rate increase effective Aug.

Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor in southwestern Taiwan because of dwindling business, a harbor official told the Taipei Times.

So-called “cap and trade” legislation passed in the House and pending in the Senate has “created a new threat to American manufacturing,” the president of the American Institute for International Stee

Mediterranean Shipping Company will expand its Golden Gate Service between Asia and the U.S. East Coast to provide connections to and from India via Singapore and Salalah.

The CKYH Alliance will start direct service between Vietnam and the U.S. East Coast in the middle of August by adding Ho Chi Minh City to the current AWE-4 service.

Ocean carrier executives in the eastbound trans-Pacific were not quite ready to break out the champagne in late June, but they appeared pleased that freight rates had finally hit bottom after a long s

CMA CGM China and CMA CGM Hong Kong Shipping will switch to CNC’s international liner services from the Agnès CHONG group as of Aug. 1.

Hapag-Lloyd, responding to reports that mounting losses are crippling the carrier's finances, denied today it is in talks with the German government for state financial assistance.

Exporters and importers know all roads lead to or from a port, which is why West Coast port operators are clamoring for a share of the $450 billion highway bill.

The container shipping industry is on pace to scrap a record 300,000 TEUs of capacity this year as carriers and shipowners race to curb supply in the face of plunging demand.

If you want to see how the world’s economic axis has shifted, look no farther than the U.S.-North Europe container trade.

Over the years, regulatory disputes in the trans-Atlantic container trade have been as prominent at times as commercial activity.

The ill wind blowing through the global transportation industry claimed its latest ocean shipping victim when Eastwind Maritime and more than 50 of its affiliates filed for liquidation in late June.

Moving to trim down capacity in a tight market, container lines CMA CGM, CSAV and China Shipping Container Lines said Thursday they are combining their direct services between the Far East, Mexico and

Danaos, the Athens-based containership charter owner, announced it has reached agreement on waiver terms for three credit facilities totaling $908 million.

A federal court cleared the way Wednesday for the California Air Resources Board to require that ocean vessels use low-sulfur diesel fuel in their main and auxiliary engines within 24 miles of the coa

The first-ever solar-assisted car carrier called Wednesday at the Port of Long Beach in what NYK Line executives said is the first step toward the distant goal of developing a zero-emission vessel.

Cosco Container Lines and Evergreen Marine will combine their existing joint ESA and FAX services linking the Far East, South Africa and east coast of South America into a single new weekly ESA servic

Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S.

Fleet Management Ltd., the operator of the ill-fated Cosco Busan that spilled 53,000 gallons of fuel into San Francisco Bay after slamming into the Bay Bridge in November 2007, faces fines up to $40 m

Danaos, the largest U.S.

Project and heavy lift carrier Intermarine’s 8,000 deadweight-ton Industrial Dart delivered GE wind blades to the Port of Wilmington, Del., this week.

India’s Port of Jawaharlal Nehru unveiled plans to acquire four super post-Panamax rail-mounted quay cranes in a bid to improve productivity and boost container handling at the state-owned termi

Aries Maritime Transport sold the Ocean Hope, a 1989-built container vessel, to an unrelated third party for a net price of $2.3 million.

A record 300,000 TEUs of container ship capacity is set to be scrapped this year as ocean carriers and charter ship owners face a growing mismatch between supply and demand for tonnage.

DAL Deutsche Afrika Linien announced weekly southbound sailings from Marseilles to the main ports of South Africa beginning July 1.