Container Shipping News

The National Shipping Company of Saudi Arabia will add its inaugural call at the Port of Charleston to its North America service during the week of March 30, the South Carolina State Port Authority sa

Sea Ocean International, a Jamaican shipping line, will launch a dedicated weekly container service between Miami and Kingston with its first departure from Miami on March 20, according to South Flori

Container volumes in February plunged 40 percent at the Port of Long Beach and 32.5 percent in Los Angeles as the nation's largest port complex struggled through its worst month in years.

Member lines of the Asia-Australia Discussion Agreement announced plans to implement a rate increase, as part of a rate restoration program.

French ocean carrier CMA CGM will take delivery on March 18 in South Korea of the world's first containership fitted with an oil recovery system designed to prevent marine pollution.

Japanese export ship orders tumbled on a year-on-year basis for the fifth consecutive month in February as demand for new vessels flagged amid the deepening global economic slump.

London -- Idled ocean container capacity hit a new high of 1.41 million TEUs, or 11.3 percent of the world fleet on March 16, with 484 ships lying at anchor as carriers continued to retrench amid decl

United Arab Shipping will increase rates on several trade lanes, as part of a rate restoration program.

Nine companies have expressed interest in bidding for the planned deep-water container terminal project at India's Port of Chennai, as the deadline for submission of request for qualifications ended o

A review of the short-term global economic outlook by leading analysts suggests any attempt at optimism regarding today’s shipping industry would be little more than a Pollyanna daydream.

New England’s “New Economy” is bumping up against some of the same logistics and infrastructure challenges plaguing the economies of old.

Amid the deepening slump in the automobile market, car carriers are focusing more of their marketing efforts on oversize, non-automobile cargo to fill the empty space on their vessels’ decks.

Will the federal stimulus package have a profound effect on the U.S. steel industry?

Vehicle production and exports in Latin America’s top three auto-making countries — Argentina, Brazil and Mexico — are plunging amid the global economic crisis as U.S.

The economic recession spreading around the globe is hitting South America, cutting sharply into containerized shipments as well as exports of automobiles and breakbulk commodities such as steel and f

For six years, copper defied every bullish forecast and every bearish warning.

The South American steel industry has not escaped the global economic crisis.

LONDON — The First Container Terminal in St. Petersburg, Russia’s biggest box terminal, reported traffic in February plunged 27.3 percent from a year ago as imports collapsed.

LONDON — Wallenius Wilhelmsen Logistics, one of the world’s biggest ocean car carriers, said it expects to idle up to 20 percent of its fleet this year amid a deepening slump in global aut

Delmas, the CMA CGM Group subsidiary that specializes in the African trade, has started calling at the West Africa Container Terminal in Onne, Nigeria, APM Terminals said today.

NYK Logistics (Americas) has named Timothy J. Nolan as the position of senior vice president and general manager of its non-vessel-operating common carrier and customs house brokerage division.

StreamLines, a subsidiary of Belgium’s Seatrade Reefer Chartering, added calls at the Port of Felixst

The overall U.S. trade deficit in January dropped to its lowest level in six years, not as a result of strong U.S. export performance but because of weak U.S.

Hamburg Sud is increasing freight rates on the westbound trans-Atlantic services as of April 10, the carrier announced.

Hong Kong-based Sinotrans Shipping group profit for 2008 rose 146.4 percent to $347.1 million, from $140.9 million the previous year.

Maersk Line announced a change in the port rotation of its weekly Scan-Med Service linking North Europe and the Mediterranean, effective in April.

LONDON – Panalpina almost halved net earnings last year and will cut approximately 10 percent of its workforce amid declining global cargo volumes, the Swiss logistics group said March 12.

London – NYSE-listed Danaos, one of the world’s biggest containership charter owners, breached loan covenants and is delaying delivery of ten vessels even though earnings and revenue growt

Maersk Line changed the port rotation of its weekly Euromed Service that covers the trade between Europe and the Mediterranean.

The 14 container lines that belong to the Transpacific Stabilization Agreement will begin the transition to a new formula for calculating their bunker adjustment factor under their 2009-10 service con

The economic recession spreading around the globe hitting South America, cutting sharply into containerized shipments as well as exports of automobiles and breakbulk commodities such as steel and fore

Amid the deepening slump in the automobile market, car carriers are focusing more of their marketing efforts on oversize, non-automobile cargo to fill the empty space on their vessels’ decks.

London – Hanjin Shipping on March 10 said it will increase ocean freight rates on routes between Asia and Europe and across the Atlantic from April 1.

Evergreen Marine, Wan Hai Lines and Yang Ming officially opened two container terminals in ceremonies in Taipei today.

Maersk Line took steps March 9 to seek increases in freight rates on several more of its trade lanes.

London – Goldenport Holdings, the London-listed container ship and bulk carrier owner, on March 9 reported net income in 2008 gained 50 percent from a year ago on a near 25 percent rise in reven

India’s Port of Mumbai announced plans to extend concessions on container stuffing and de-stuffing charges for a further period of one year ending March, 2010, following appeals from shipping li

London -- Maersk Line will idle as many as twenty five medium-sized container ships in 2009 as cargo volumes decline, the head of the world’s biggest ocean carrier said.

Kuehne + Nagel said Monday it will take over J. Martens Holding, a Norwegian logistics provider to the oil and gas industry.

OOCL is launching on March 9 an Internet-based service that enables customers to choose the ocean service they need, book space for their cargo online and track their cargo’s movement through th