Container Shipping News

Growth in US containerized exports continues, but slows, despite uncertainties over the direction of US trade policy, a strong dollar, and growing competition.

Five have already been taken over and the remaining two are scheduled for delivery by the end of June.

Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.

There are signs that the liner shipping business is clawing its way back to profitability, but with the real impact of higher contract rates yet to be felt, it is too soon to say.

The US import trade from Asia returned to market fundamentals.

CMA CGM returned to the black in the first quarter.

Spot rates on China-Europe and Asia-Mediterranean trades have continued to decline, defying carrier attempts to move prices in the opposite direction.

Finnlines’ extended its four-year run of record results.

Container shipping stakeholders are pressing the Hong Kong government to adjust the air draft clearance restriction of an iconic Hong Kong suspension bridge.

Share prices of Japan’s top three shipping firms are languishing.

Revenue and profit both sank at Japan’s Sumitomo Warehouse Co.

"We have seen growth spurts before that have fizzled out and regressed back to the downwards trend soon enough, although admittedly none in recent years have been close to the same magnitude.”

Recommendations highlight the unique requirements of mega-ships and the complexity of bringing them to berth.

With the loss-making first quarter out of the way, Maersk Line expects the recovering market to drive up profitability for the rest of the year.

Taiwan’s top three carriers — Evergreen Marine Corp., Wan Hai Lines, and Yang Ming — have posted their first-quarter financial results.

The commercial and operational environment in the largest US trade lane is unsettled right now due to new service contracts taking effect on May 1.

With 13,000-TEU+ vessels becoming more common in US trades, BCOs on both coasts brace for yard and gate congestion at marine terminals.

Hapag-Lloyd’s net loss widened in the first quarter.

Rates fell on the Asia-Europe and Mediterranean trades again this week, but carriers will be levying May 15 increases in an attempt to arrest the slide.

The crisis at the Gothenburg port deepened on Wednesday.

Yang Ming’s report of improving financial conditions comes a week after shares resumed trading on the Taiwan Stock Exchange on May 4.

US East Coast ports are reporting a few of the operational hiccups their West Coast counterparts experienced via the new and enhanced global shipping alliances.

A revised niche route network pays off for Zim Integrated Shipping Services.

Rising rates were not enough to beat surging bunker fuel prices in the first quarter that dragged Maersk Line into the red.

If there was any sign of foul play, “we’d investigate,” the Federal Maritime Commission acting chairman Michael Khouri said at a Senate subcommittee hearing on Tuesday.

DFDS’s first-quarter earnings increased more than 10 percent on rising sea freight volume on its North European roll-on, roll-off routes.

The Japanese lines may as well fast track their merger following the voting down of their proposed agreement by the FMC on jurisdictional grounds, as the new line is unlikely to be blocked.

Traffic out of the Mediterranean surged 28 percent.

If ocean carriers want shippers to take no-shows seriously, there is a lot ship lines can do to be taken more seriously.

The value of recently shunned Panamax container ships is growing faster than other vessel sizes.

A new paper says beneficial cargo owners are largely to blame for the poor service levels of today’s liner shipping industry.

The Danish carrier said the additional call would offer northern India hinterland shippers more ”options to route their cargo to and from North Europe, the Mediterranean, and West Africa.”

Eastbound Pacific spot rates dip slightly, waiting for back-to-school merchandise to begin moving this summer.

The carrier says its China express service continues to attract premium rates.

Vessel arrival delays at Shanghai port are easing, according to the latest data, with forwarders expecting another two weeks before bottlenecks at the Yangshan terminals will be resolved.

Yang Ming Marine Transport Corp, stock code 2609, is trading again on the Taiwan Stock Exchange after a two-week suspension.

Legislators said their interest in the area has been piqued by a broader inquiry into possible collusion among carriers in the world’s three major vessel-sharing agreements.

The New York Stock Exchange-listed company’s net income rose to $6.8 million.

The US Federal Maritime Commissioners voted 4-0 to reject ‘K’-Line, MOL, and NYK Line’s plan to share information with each other ahead of the merging of their container operations in July

Bunker fuel costs are about $150 per container higher than last year at this time.