Container Shipping News

Maersk Line plans to upgrade its MECL1 and MECL2 services that cover the trade between the Middle East and Indian Subcontinent and the United States East Coast.

The Shipping Corporation of India will revive a vessel sharing agreement for India-Europe service that fell apart as a result of the downturn in trade volumes.

Undeterred by the GLOBAL RECESSION and declining container volumes, China is moving forward with its ambitious port development program.

Most Dangerous Waters

The Port of Charleston will get another weekly call by Mediterranean Shipping Co.

A group of German charter container ship-owners agreed to a $710 million rescue for CSAV, the financially troubled Chilean ocean carrier.

Kawasaki Kisen Kaisha ("K" Line) established its own shipping agency, "K" Line Roro & Bulk Agencia Maritima Ltda., in Brazil for car carrier and bulk shipping.

Germany's BBC Chartering and Danish carrier Clipper Projects have called time on their five year Far East project cargo joint venture.

Zim Integrated Shipping reported first quarter net losses widened to $119 million from $29 million a year ago on weaker freight rates and a slump in cargo volumes.

Container throughput at the Port of Marseilles-Fos picked up sharply in April to 225,726 TEUs, almost as much as the entire first quarter, resulting in a 1 percent increase in the first four months of

Breakbulk carriers will continue to feel the world economic bust, but they’ll weather it better than their brethren in the container or dry-bulk markets, analyst Dirk Visser told the Journal of

Breakbulk carriers have established the International Council of Heavy Lift and Project Cargo Carriers to discuss industry issues related to education, technical innovation, security and other non-rat

Kalmar, a business unit of Cargotec, won a contract to provide a fleet of 20 shuttle carriers to TTI Algeciras in Spain.

NileDutch, a niche ocean container and multipurpose shipping line, has teamed up with Japanese shipping giant NYK to launch a new direct liner service linking Asia with South and West Africa.

Container line APL, saying earlier rate hikes haven’t been strong enough, said today it will raise freight rates starting in June on Asia-Europe lanes for the second time this year.

A.P.

The Piraeus Port Authority, OLP, reported first quarter losses narrowed sharply from a year ago, driven by higher container traffic after dock workers called off a two year campaign of industrial acti

MOL may take advantage of the glut of dry bulk tonnage to bid for an overseas bulk- shipping line as plunging demand and the global recession send company valuations tumbling.

Hamburg Süd and its Brazilian sister company Aliança said Monday they will upgrade their UCLA service between the east coast of South America, the Caribbean and Central America and the U.S

The Port of Seattle joined other U.S. ports in posting sub-par container volumes for April. Seattle's international container volume dropped 32.5 percent compared to April 2008.

APL’s container volume and average revenue fell during the most recent four week reporting period, its parent Neptune Orient Lines said Monday.

Even with mounting losses pushing some ocean carriers into perilous financial territory, Pat Moffett doesn’t worry one of his carriers will go belly up and strand his company’s container loads of elec

Pity the poor retailer. Consumer confidence is near rock bottom, revenue and profits are down, and each week brings fresh news of store closings and bankruptcies.

International trade is an important component of the U.S. economy, especially for those of us living in Oregon and Washington. Exports are of singular importance.

Dave Akers checks the spot rates for shipping containers from Asia to the U.S. first thing every morning.

NOL Group, parent company of ocean carrier APL, selected an office building in Phoenix, Ariz. as the new home for its regional headquarters in the Americas.

Helicopters from two nations thwarted an attack Friday by pirates in the Gulf of Aden. A U.S.

Texas Governor Rick Perry signed legislation that will permanently allow trucks to transport overweight freight between the Port of Brownsville and Mexico.

Maersk Line will implement a general rate increase for cargo moving on its services from India to Europe. Effective June 1, the increase will be $100 per container for dry cargo.

Drewry Shipping Consultants is warning against a false dawn in the dry bulk shipping sector.

Some investment analysts think the ocean shipping industry may be reaching the bottom of its downturn and have started recommending Asian shipping stocks.

Average spot rates collected by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to a new low of $949 this week, down by 53.4 percent from $2,036 a year ago, according to data

Hanjin Shipping on May 20 officially opened its terminal facility at Busan, South Korea.

Ocean carriers in the Grand Alliance group are consolidating two of their Asia-based service loops amid steep rate declines on the Pacific.

Mediterranean Shipping Co. will phase out one of its five services from the Far East to the Mediterranean and Europe when it adds new 14,000-TEU vessels this month and in June.

Volume at the Port of Hamburg fell 21.7 percent in the first quarter, rounding out seven consecutive months of declining freight.

Barry Horowitz, general manager of container marketing at the Port of Portland, will leave that position on May 29 to return to his private consulting practice at CMS Consulting Services LLC.

Hanjin Shipping on May 19 took delivery of the Hanjin Monaco, a new 4,300-TEU vessel built by Samsung Heavy Industries.

On May 18, Executive Director Doug J. Marchand of the Georgia Ports Authority announced at its board meeting that vessels of China Ocean Shipping Company now are calling on the Port of Savannah.

Søren Thorup Sørensen, group chief financial officer of A.P. Moller-Maersk AS since 2006, said he will retire May 31 for personal reasons.