Container Shipping News

Terms of the 50-50 joint venture were not disclosed.

Hurricane Irma is the strongest hurricane in the Atlantic since 2005.

Matson has added a port call to its expedited China-Long Beach Express service.

The significant number of mega-ships set to enter Asia-North Europe by the end of 2018 has resulted in capacity upgrates on many services on the trade.

Carriers will find it tough to levy rate hikes with so much capacity awash in the market, SeaIntel says.

Containerized exports are tied closely to agricultural commodities.

It has been a remarkable ride for South Korean start-up carrier SM Line, which is about to enter the Top 20 that after just six months of operations.

The reopening of terminals, repairs to rail lines, and moves toward more normal vessel operations are important steps in untangling supply chains twisted by Hurricane Harvey.

The declines during the heart of the peak season occurred as several carriers pushed rate increases.

Spot market rates ignored another round of rate increases this week, a very different reaction to the increases levied on Sept. 1 last year.

The idle container ship fleet has suddenly sunk to a two-year low.

Ship pilots planned to begin guiding smaller ships through the Houston Ship Channel on Thursday.

The MESA service between the east coast South America and the Mediterranean operates weekly and will have northbound and southbound calls.

MPC Container Ships has nearly two dozen ships less than six months after its establishment.

Maersk Line is ramping up its end-to-end cold chain service to and from India.

Some importers this peak season admit they have been lured into a sense of complacency.

Zim Integrated Shipping Services swung to a slim profit in the second quarter from a hefty loss a year ago.

Samskip has not revealed how much it is paying for Nor Lines.

Record low spot rates in 2016 make comparisons with the improved rate levels of 2017 do not give an inaccurate picture of the state of the industry.

Carriers have announced blanked sailings in the weeks that cover China's October holidays with demand expected to fall off.

Transport volume grew by 14 percent to 4.22 million TEU.

Milaha will be in a position to offer twice-weekly calls at Mundra.

Carriers will be investing a lot of money in a very short amount of time.

The ports of Los Angeles and Long Beach in 2016 were able to reduce emissions while handling more volume.

Container shipping is only at the very beginning of a recovery after six years of losses, but new ship orders could hold back an industry-wide return to profitability.

Shippers and forwarders, some already bruised following the rollout of new global container shipping alliances and subsequent delays in the trade between China and Europe, are preparing for more pain and disruption.

Industry analysts predict that growing peak-season volumes will catch up with capacity in the short-term.

Cargo transportation providers along the Texas coast are preparing for major disruptions from Hurricane Harvey.

Steady demand ensures no wild swings in Asia-Europe spot market, with the rate rising slightly this week.

The sharp rise in revenue was mainly due to an 84 percent surge in the freight forwarding division.

Finding slot space has become trickier in recent weeks.

The ships will be built by Keppel AmFELS in Brownsville, Texas.

The service, which will run until February, began last week.

The Panama Canal has the same number of weekly loops as it did before its expansion.

CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of mega-ship capacity coming in to the Asia-Europe trade.

The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.

Coastal cooperation with domestic peers could be a major driver of that liner turnaround.

Copenhagen-based Maersk has been seeking to reduce its exposure to the energy market.

The new investment brings its total venture capital funding to $13 million.

Carriers will have to reduce services or risk upsetting the supply demand balance as a massive injection of capacity is delivered between now and 2019.