Container Shipping News

APL’s container shipping volume plunged 21 percent and average revenue per 40-foot container dropped 16 percent in the four weeks from Feb.

Business conditions in the eastbound Pacific trades are deteriorating so rapidly that carriers will try to prevent the lowest of low-ball spot market rates from becoming de-facto contract rates.

Hamburg Süd will overhaul its Trident Service between Europe, Australia and New Zealand starting in May to cut network costs in the face of changing market conditions.

Maersk Line plans to implement a new round of rate increases for the trade moving from the United States and Canada to the Mediterranean.

From JOCsailings

The owner of a Norwegian tanker hijacked off Somalia's coast says there has been no recent word from the ship.

Maersk Line announced its Singapore-based subsidiary, MCC Transport, is implementing a rate restoration on intra-Asia services.

Yang Ming Line took delivery of the new 8,200-TEU YM Uniform and the 4,250-TEU YM Eternity, at a ceremony at Kaohsiung Shipyard of CSBC Corp., on March 24.

OD Global and Hanjin Shipping are partnering in a less-than container load service from China to the United States to speed international transit times.

The top executive of China Ocean Shipping Co. said recovery of the container shipping trade depends on revival of U.S.

Emirates Shipping Line plans to implement a general rate increase on the trade from the Indian Subcontinent to East Africa.

Special from JoC Sailings

Trailer Bridge lost $1.1 million in the fourth quarter, leaving the Jones Act tug-barge operator with a $3.2 million loss for all of 2008, sharply worse than the slim loss the carrier reported the yea

China Shipping Container Lines’ profit fell 99 percent in 2008 from the year before, the company reported.

London -- Germany's Hapag-Lloyd boosted 2008 operating profit by 19 percent from a year ago but warned lower volumes and weaker freight rates will lead to a "considerable decline" in 2009 ea

U.S.

Zim Integrated Shipping Services entered a cooperation agreement with the Grand Alliance on the service from South China to the U.S. East Coast via the Panama Canal.

Orient Overseas (International), parent of OOCL, reported that its profit plummeted by 89 percent for the year ended Dec. 31.

Nestlé selected GT Nexus to provide a central online hub to streamline ocean freight procurement negotiation and contracting processes.

The Suez Canal Container Terminal said March 24 it received a call by a container ship that tested the depth of its new berth depth, which is 47.5 feet.

Japan will apply the tonnage tax system to 10 domestic ocean-going shipping companies over five years from fiscal 2009, which starts in April.

London, March 23 -- TUI closed on the sale of ocean carrier Hapag-Lloyd to a group of Hamburg-based investors after making several costly concessions to salvage the deal.

The U.S.

CMA CGM said today it is canceling one of its all-water services between Asia and the U.S.

Hamburg Süd said it christened the first Argentine-built ship in its 137-year history on Sunday in Buenos Aires.

The number of containers handled by the Port of New York and New Jersey during 2008 dropped by 34,052, essentially showing no growth over the previous year as the global economic recession slowed trad

Prevailing winds move west to east, and so do most containers crossing North America.

Maersk Line capped the coldest winter for ocean carrier profits by firing a warning shot on rates across the bows of other carriers.

Whether it was slumping trade volume, the deepening global recession, individual circumstance or a combination, the last year brought some reshuffling among the ranks of the world’s largest cont

Federal officials rushing to roll out the Transportation Worker Identification Credential are getting some help from an unexpected quarter — the recession.

U.S. Gulf ports aren’t waiting for the economy to recover to launch aggressive infrastructure projects.

Importers and exporters are diverting some cargo to other gateways because of the plethora of fees Los Angeles and Long Beach charge to fund infrastructure and environmental programs.

London -- Container traffic at Marseille, France's biggest port and second largest box hub, tumbled 32 percent in February from a year ago on sharply lower imports from Asia and sporadic strikes by lo

London -- Container ship charter rates have plumbed new lows as ocean carriers trim their fleets and press ship owners for deeper discounts amid slowing cargo volumes and sagging freight rates on most

Intermodal shippers in Los Angeles-Long Beach say ocean carriers that are attempting to comply with the ports' clean-truck regulations could be violating the terms of the through bill of lading contra

Official Export Guide

Consolidated container throughput at major ports in India grew by a mere 0.5 percent in the April-February period, amid strong indications that the country’s gateway hubs would miss targets set

Maersk Line announced plans to implement a rate increase for the trade moving from Australia to North and Southeast Asia.

NYK, &ldquo;K&rdquo; Line, Pacific International Lines and Hyundai Merchant Marine said they will launch a joint service between the Far East and the east coast of South America starting in mid-June.<

The CEOs of the container shipping lines in Transpacific Stabilization Agreement said Tuesday they will try to ensure service contracts for the 2009-20