Container Shipping News

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

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

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.

When ocean carriers in the eastbound trans-Pacific this month said they planned to raise rates by 50 percent, reaction from retailers and cargo consolidators was swift, if not sharp: It was obviously

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

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

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

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

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.

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.

Crisis? What crisis?

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

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.

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.

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.

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.

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