Forwarding

The container ship Guangyangxingang capsized and sank off the east coast of China on Monday evening, killing at least 11 crewmembers, the Associated Press reports.

The Indian Supreme Court on Monday ruled that the Italian ambassador to India cannot claim “diplomatic immunity” in a legal dispute over Rome’s refusal to return two ship guards charged with the killing of Indian fishermen.

The Federal Maritime Commission has asked Consolidated Chassis Management to provide more information on its request to permit lessors, truckers and other equipment contributors to serve on the boards of CCM and its regional pools.

The St. Lawrence Seaway Management Corp. will increase tolls for the 2013 navigation season by 3 percent, following a five-year freeze on toll rates.

That some shippers are slow to adopt the growing number of e-commerce tools available online illustrates the retro mindset of a global container shipping industry mired in costly paperwork habits.

A shipping company in China is planning a commercial voyage via the Arctic Ocean to the U.S. and Europe in 2013.

Diana Shipping today reported net income in the fourth quarter of 2012 was $5 million, slumping 75 percent from $20.2 million in the fourth quarter of 2011.

The Italian foreign ministry on Tuesday said it will not send back two ship guards charged with the killing of Indian fishermen off the Kerala coast in February 2012, dealing a severe blow to the trial process initiated by the Indian Supreme Court.

Almost 150 sailings on the trans-Pacific and Asia-Europe routes were cancelled between October 2012 and February 2013, which has significantly impact freight rates and the regularity of service provided to shippers...

European ferry giant Stena Line is examining further service options in Asia after announcing that its first route between the South Korean city of Sokcho and the Russian ports of Zarubino and Vladivostok will start operations on March 19.

Clarksons’ pretax profit plunged to £20.4 million ($30.6 million) in 2012 from £32.2 million in 2011, as the world’s biggest ship broker was buffeted by weakening shipping markets that saw rates in some sectors slump to their lowest levels since the 1980s.

LONG BEACH, Calif. — Beneficial cargo owners still have too many concerns about long-term index-linked contracts to abandon the long-established model of negotiating annual freight contracts with ocean carriers, a panel on the new instruments was told at the TPM Conference in Long Beach on Monday.

Striking new statistics on the origin of Chinese exports reveal how the focus of Chinese manufacturing is gradually shifting away from the costly south and toward the north and west.

Seacor Holdings reported a net loss of $2.7 million in the fourth quarter of 2012, including a loss from continuing operations of $8.3 million, dropping from a profit of $17.0 million in the fourth quarter of 2011.

Analysts are hopeful that trade between Japan and China will improve gradually this year after a 2012 slump made far more painful by a territorial dispute over a group of islands in the East China Sea.

Toyota will begin exporting U.S.-assembled Venza vehicles to Russia and Ukraine in 2013.

Weiss Röhlig has launched a weekly consolidation container service for loose cargo from Taiwan to Boston.

Germany’s Port of Hamburg today reported that about 675,000 20-foot-equivalent unit containers were handled between Hamburg and Russian ports in 2012, increasing 13.3 percent year-over-year.

Ship Finance International today reported net income in the fourth quarter of 2012 was $51 million, increasing 46 percent from $35 million in the third quarter of 2012.

Neptune Orient Lines today reported a net loss of $98 million in the fourth quarter of 2012, improving 69 percent from a net loss of $320 million in the fourth quarter of 2011.

More than 80 percent of ocean shippers are looking to cut costs through e-invoicing in 2013, according to a survey of high-volume shippers and freight forwarders by INTTRA.

The Los Angeles Customs Brokers and Freight Forwarders Association has elected Karen Quintana, the western regional director of compliance at Yusen Logistics (Americas), to its board of directors.

LCL Logistix has opened its third container freight station in Haldia, near Kolkata Port on India’s east coast.

Hurricane Sandy shipment claims, coming on top of a record year for marine insurance claims, may cause a flattening of the overcapacity in the insurance market that has led to steep declines in premiums over the last few years.

CAI International reported profit of $64.3 million last year, increasing 27 percent from $50.8 million in 2011.

Va-roooom! Auto parts shipments been gaining speed for three years since the Great Recession, and they’re poised to accelerate further in 2013.

Sino-Global Shipping America reported a net loss of $564,854 in the second quarter of fiscal year 2013, ending Dec. 31, 2012, improving from a net loss of $827,385 in the same quarter in the previous fiscal year.

Ship and container performance indicators showed “significant” quarter-on-quarter increases in reliability in the fourth quarter of 2012, according to Drewry Maritime Research’s recently published quarterly report.

The Los Angeles Customs Brokers and Freight Forwarders Association, which represents licensed U.S. customs brokers, freight forwarders and non-vessel-operating common carriers and firms in Southern California...