Container Shipping News

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

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

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

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

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