Forwarding

Yusen Logistics said its net profit surged 134.4 percent in fiscal 2010, which ended on March 31, from the previous fiscal year to $44.16 million.

Maersk Line announced a general rate increase on Asia-Europe trade lanes as part of what it calls a new "rate restoration initiative."

The U.S. Navy and the Maritime Administration’s marine highway program are sailing on intersecting courses, and the result could bring benefits to all parties.

U.S. and European shippers beware: It’s going to cost a lot more to import goods from Southeast Asia and the Indian subcontinent through the Suez Canal.

When Ng Yat Chung takes over as group president and CEO of Neptune Orient Lines in January, the former head of Singapore’s armed forces will bring a very different set of skills to the job of ru

When a federal regulator throws up its hands and admits defeat in trying to pull railroads and key shippers together over a major issue, only one course of action remains: Battle.

U.S. Customs and Border Protection on Monday will begin pilot-testing automated ocean and rail manifest systems designed for the Automated Commercial Environment.

Container ship charter rates are retreating as a wave of newly-built ships entering the market dulls ocean carriers' appetite for hired vessels.

Caterpillar, a major global manufacturer of industrial, agricultural and transportation equipment including for trucking and rail markets, said it is "experiencing sporadic production disruptions at m

Horizon Lines, already trying to stave off bankruptcy protection, said first quarter losses widened as China-West Coast service got off to a rough start, fuel costs rose and volume was flat in the car

With container carriers trying to muscle into their markets, it’d be natural to think roll-on, roll-off carriers would be losing steam.

Ocean car carrier executives have been working overtime to reschedule sailings across their global networks after the catastrophic earthquake, tsunami and nuclear crisis in Japan ruptured the nation&r

Mediterranean Shipping Co. will increase its bunker fuel surcharges June 1 on all U.S. imports from northern Europe, Scandinavia, the Baltic countries and the Mediterranean.

A federal court in Puerto Rico agreed to reduce Horizon Lines' $45 million fine for antitrust violations to $15 million, an action Horizon said lifts the threat that the company will default on its bo

China Shipping Container Lines said its net loss for the first quarter narrowed 24.1 percent from a year earlier to $22.5 million, after three consecutive quarters of profits.

The U.S.

OOCL christened its newest ship the OOCL Beijing in ceremonies Thursday at Hungdong -Zhonghua Shipbuilding in Shanghai.

China Cosco Holdings swung to a loss of $77.3 million in the first quarter ended March 30 as global vessel overcapacity caused a decline in freight rates in the container and dry bulk sectors.

The Port of Los Angeles in the coming decade will spend more than $3 billion to deepen its access channel, expand marine terminals, add on-dock rail capacity and improve traffic flow through street an

Container traffic on German waterways surged 18.4 percent to a record high in 2010, outpacing a 12.8 percent growth in total shipments across Europe's biggest inland shipping network.

Japanese carrier “K” Line reported $368 million in net income for its just-ended fiscal year but forecast lower profit and revenue amid a “largely unpredictable” outlook for shipping.

Japanese shipping conglomerate NYK Line reported a $912.7 million profit for its just-ended fiscal year, reversing a $187.5 million loss a year earlier.

Japan's industrial production fell at its fastest pace on record in March, tumbling 15.3 percent from February, according to preliminary figures from the Ministry of Economy, Trade and Industry.

Japanese ocean carrier Mitsui O.S.K.

The Justice Department wants Horizon Lines' $45 million fine for price-fixing in the U.S. mainland-Puerto Rico trade to be slashed to $15 million to avoid sending the carrier into bankruptcy.

The number of companies that export between 5,000 and 25,000 shipments a year increased nearly 46 percent between 2009 and 2010, the American Association of Exporters and Importers said Wednesday.

Shanghai will expand the offshore Yangshan Deep Water Port as part of a plan to enhance the port services industry during the 12th Five-Year Plan, the city's port authority said Tuesday.

MOL will upgrade its Singapore-Nhava Sheva-Karachi Service linking Southeast Asia and the Indian subcontinent, starting in May.

An al Qaeda operative and one-ti

Zim Integrated Shipping Services announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI in one-and-a-half months and the third this year.

United Arab Shipping Company signed a $140 million loan facility with Gulf Bank, Kuwait, the latest financing to support the expansion of its container fleet and route network.

Japan's exports plunged 19.4 percent between April 1 and 10 from the same 10-day period last year to $18.22 billion, according to preliminary figures released by the Finance Ministry on Wednesday.

Yusen Logistics (Americas) hired Doug Granger as director of capacity procurement and intermodal equipment management.

The Port of Long Beach Tuesday welcomed the newest trans-Pacific container line, Grand China Logistics, which is entering the increasingly competitive trade lane between China and the U.S.

The Japanese earthquake and tsunami will have only a small impact on European imports over the next year according to the Global Port Trac

INTTRA, an electronic booking portal for the ocean freight industry, formed a new advisory board with its customers to set standards for electronic payments.

Container traffic in Rotterdam grew 10 percent in the first quarter of 2011 from a year ago, driven mainly by strong growth in trade with Asia and a recovery in intra-European shipments.

Container ship owner-lessor Seaspan took delivery of the 8,500-TEU Cosco Vietnam from South Korea’s Hyundai Heavy Industries.

APM Terminals is considering investing in a new Baltic Sea port in the Kaliningrad region of Russia, according to Russian government press material.

The hard-fought reform of French ports takes effect next week amid optimism the nation’s container hubs can win back traffic lost to foreign rivals during years of industrial unrest.