Container Shipping News

Ocean freight rates in the trans-Pacific will fall this year, although not as steeply as they have in the Asia-Europe trade, where some spot rates have hit zero.

Retail container traffic at the nation’s ports sank 14.6 percent in January, according to the monthly Port Tracker report released March 6 by the National Retail Federation and IHS Global Insigh

London – Greek lawmakers approved a controversial agreement giving China’s Cosco Pacific a 30 year concession to operate container terminals in Piraeus, the country’s top box hub.

London -- Hapag-Lloyd on March 5 named Peter Ganz as chief financial officer two weeks before the world’s fifth largest ocean carrier is due to be sold by its German parent TUI.

LONDON -- Maersk Line, the world’s biggest ocean container carrier, booked a modest increase in profits in 2008 as cost cuts, improved operating performance and higher freight rates in the first

The Port of Oakland awarded a 50-year concession and lease agreement to Ports America Outer Harbor to upgrade and operate five container berths in the port's outer harbor area.

For the six week period ending Feb. 6, NOL’s container shipping volume dropped 35 percent due to a drastic decline in demand.

LONDON — Global Ship Lease, the London-based container ship charter owner established by French carrier CMA CGM, reported a fourth quarter net loss of $43.7 million March 4 after a $50.7 million

Less iron ore production due to the recession is likely to delay the start of the 2009-10 shipping season on the Great Lakes.

The Industrial Egret, the second in a series of four new ships to enter the Intermarine fleet in the next twelve months, was delivered last month to Intermarine in Portugal.

Container volumes at most Chinese ports will grow at single digits rates this year, and may actually decline at some.

Maersk Line on Tuesday announced plans to implement a rate increase in the trade between Asia and Latin America, as part of a rate restoration program.

LONDON -- Containerships, Finland’s leading regional short sea container line, acquired Contaz Maritime of Turkey, thus becoming a pan-European operator.

LOS ANGELES -- If the big container lines that have cut rates to the unprofitable bone on the Asia-Europe trade start lowering their rates on the trans-Pacific this season, the other lines are sure to

LONDON – The CEO of Zim Integrated Shipping Services, Doron Goder, has quit his post following differences over strategy with the Israeli ocean carrier’s parent company.

LONDON - CMA CGM on March 2 became the latest carrier to announce increases in ocean freight rates across its main trades for the second quarter.

LONDON - Idled ocean container capacity on March 2 reached a record 1.35 million TEUs with 453 ships without work as carriers continue to axe services in the face of collapsing cargo volumes and tumbl

The Panama Canal Authority is asking for proposals to dredge the Canal's Atlantic entrance.

LONDON - Hapag-Lloyd and OOCL are temporarily suspending one of their three services between Montreal and Europe “as a result of economic developments.”

Singapore-based Samudera Shipping Line posted net profit of $26.8 million for fiscal 2008, up 29 percent from $20.7 million the previous year.

Factories shutting down by the thousands. Falling container volumes at ports. Double-digit declines in imports and exports. Is China’s heyday coming to an end?

If you want to see what economists mean by “inventory overhang,” take a look at the parking lots around any of the major auto ports.

The ports of Los Angeles and Long Beach want your

For more than a decade, exports from Asia were a high-revving engine of growth for trans-Pacific container trade and an increasingly global economy.

Will higher rates stick?

Sino-Global Shipping America, Ltd., a leading, non-state-owned provider of shipping agency services operating primarily in China, announced the appointment of Mr.

MOL has announced the appointment of Rebecca Yang to the position of Regional Import Sales Manager, Southeast Gulf Region.

CMA CGM (America) LLC announced that Christopher Messer has joined the company as an Account Executive for the Florida market.

A leading economic firm revised its outlook for ec

The volume of containers handled by Chinese ports

Gross domestic product fell at an annual rate of 6

Mediterranean Shipping Co.

Today TUI salvaged the $5.8-billion sale of Hapag-

Construction is underway on Alabama State Port Aut

LONDON -- Container ship charter owners are prepar

The collapse of container traffic at the nation's

NYK Group Americas on Friday named Peter Keller, currently president of NYK (North America), to the position of executive vice president and chief operating officer.

Two German states on Tuesday agreed to inject 3 billion euros ($3.9 billion) into HSH Nordbank, the world's biggest shipping bank and member of a consortium buying ocean carrier Hapag-Lloyd.

SEATTLE -- The Port of Seattle's container volume in January declined 5.7 percent to 128,837 TEUs from the same month last year, but that was a big comeback from its December performance, when box tra

Ocean carrier MISC Berhad announced group profits fell in the third quarter from a year earlier despite increased revenue, due primarily to losses in the liner segment.