Container Shipping News

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.

Container ship operators to and from India are increasingly tapping breakbulk or heavy cargo opportunities.

Maersk's first second-generation Triple-E has made its first call on the Asia-Europe network of the 2M Alliance, with another 10 of the giant 20,568 TEU ships still to come.

All-in freight rates on the Asia to ECSA trade lane appear to be settling in at levels at least double what they were during the last bidding season.

BCOs fear that any teeth added to service contracts will come out of their pockets in other ways.

Spot rates in the eastbound Pacific this week went up for the first time since mid-January.

The House of Representatives — and soon the Senate, sources say — will hear the concerns of domestic tugboat operators.

"Port Klang will be the big loser as a result of the alliance shifts.”

The cost of the takeover was revealed for the first time.

The first two ships have begun their charters.

It has been a good first quarter for OOCL with solid increases in revenue and volumes on the east-west trades. Business appears to be looking up for Hong Kong's OOCL.

Spot rates on the Asia-Europe trade have risen close to their 2017 highs, even as backhaul rates fall for the forth consecutive week.

The next 12 months will be good for Japan's top three carriers that are predicting a profitable 2017/18 financial year.

Seaspan Corporation’s earnings and revenue declined in the first quarter.

The move seeks to solve a core problem that underpins the industry’s slow pace in digitalizing processes.

With the help of Microsoft, Maersk Line plans to roll out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo.