Container Shipping News

A.P.

India’s Port of Mumbai agreed to extend concessions on empty container storage charges for a further period of one year ending September 2010 in response to appeals from port users and the trade

The Russian navy arrested eight men for hijacking the freighter Arctic Sea, the Associated Press reported.

Hamburg's container traffic plunged 28.7 percent in the first six months of 2009 from a year ago, much deeper than declines at close rivals Rotterdam and Antwerp amid collapsing box imports from its k

CMA CGM carried the shipping world's rate hiking efforts to a new market Tuesday, announcing price increases on container business between Europe and the Indian sub-continent.

Neptune Orient Lines container shipping volume grew to its highest level this year in the monthly period ending July 24, growing 8.8 percent from the previous reporting period and providing a new sign

If North American intermodal shipping were only a domestic business, there would be plenty of reason to say things are bottoming out.

A.P.

Emboldened by improving vessel utilization under steep capacity cuts, carriers in the eastbound Pacific are warning cargo consolidators: If you don’t agree to pay higher freight rates, securing space

Last year’s gut-wrenching drop in global steel demand appears to be easing as rust-belt steel manufacturers gingerly begin restarting idled mills and recalling workers.

French carrier CMA CGM will implement a general rate increase for cargo moving on its services from India to destinations in West Africa, effective Sept. 1.

A leader in the New York-New Jersey port trucking community said he is among drayage operators who have signed up to rent Maersk Line chassis under the company’s new Direct ChassisLink program b

Rickmers Maritime Trust, the Singapore-based containership owner and charterer, said its profit for the second quarter ended June 30 dropped 43 percent to $5.33 million from $9.2 million in the same q

The owners of Hapag-Lloyd, the cash-strapped German shipping line in which TUI AG is the biggest shareholder, have reached an agreement on additional funding, according to Bloomberg news, citing a per

The 8,400-TEU container ship Zim Los Angeles made its first call at the Port of Seattle, demonstrating that ocean carriers see the Pacific Northwest as a viable gateway for mega-ships.

Troubled Chilean carrier CSAV reported a loss of $412.6 million in the first half of 2009 compared to an $18.3 million profit in the same period last year on declining volumes and freight rates.

As Hapag-Lloyd reported a second-quarter loss, the troubled German container line’s owners reportedly reached agreement on a financing package for it.

Hanjin Shipping said it is raising freight rates on four trade lanes from various parts of Asia to Europe and the Mediterranean as of Sept. 1.

Thomas Thune Andersen, the chief executive of Maersk Oil and former president and CEO of Maersk in the U.S., will leave his position as CEO of Maersk Oil and partner of Firmaet A.P.

While the global recession was driving container shipping into a deep contraction in the first half of 2009, the way shippers placed their remaining orders underwent a

The index of average spot prices for shipping a 40-foot container from Hong Kong to Los Angeles jumped by 57.4 percent in the week ended Aug.

NYK Line will implement a general rate increase for all dry and refrigerated containers to and from U.S. and Canadian ports to all port in Northern Europe as of Sept. 14.

Shipments of rail-truck intermodal cargoes across the United States and Canada are showing more signs of life, but are swamped by continued sharp declines for international shipments that are mainly o

TUI is preparing to give a further $595.9 million to its former shipping unit Hapag-Lloyd, several people familiar with the situation told Reuters on Monday.

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.