Container Shipping News

More than two-thirds of failed Hanjin Shipping’s fleet is still looking for employment.

Zim Integrated Shipping Services is positioning itself to capitalize on project cargo in India.

Trans-Pacific service contract negotiations are complicated by a barrage of mixed signals.

Carriers in the eastbound Pacific maintained the strong freight rates that have marked the pre-Chinese New Year period.

Costamare sank into the red in the final quarter of 2016.

Cosco Shipping Ports and CMA Terminals Holdings signed a cooperation memorandum of understanding for ports worldwide.

OOCL has found out that one strong quarter doesn't make a good year, with average revenue per TEU tumbling in 2016, despite a strong improvment in the market during the fourth quarter.

Spot rates on Shanghai to Europe and the Mediterranean showed only a slight drop this week as China's biggest holiday begins.

MOL is upgrading its CX1 feeder service from the Amazon River port of Manaus, Brazil, to Manzanillo, Panama.

Rickmers Maritime has sold its second container ship for scrap in as many months.

China's largest shipping company is about to record a huge loss for 2016, an indication of what is to come in the troubled industry.

Which routes will shippers use for increased US resin exports?

The new ice-class ships are scheduled for delivery in 2019.

A surge in deliveries of mega-ships this year will prolong overcapacity in the container market and hit north-south liner trades hardest.

Short-sea ship operator Qatar Navigation Lines is ramping up its feeder coverage between India and the Middle East.

Carriers operating on the trans-Pacific earned significantly less per FEU on the spot market in 2016 than they did the year before.

It will be a busy marketplace on the trans-Pacific from April as smaller carriers and the mega alliances all compete for a share of the growing US import container trade.

Spot rates are a barometer for how trans-Pacific service contract negotiations could fare.

HSH Nordbank, the leading financier of container ships, is up for sale.

Eimskip’s acquisition spree continued this week with the purchase of a Belgian refrigerated freight forwarder.

Beneficial cargo owners that book through non-vessel-operating common carriers should be aware that spot rates can vary dramatically and those that seek the lowest rates have the highest risk.

The trans-Atlantic continues to slide down the container route rankings.

Taiwanese carrier Yang Ming Line tells customers of plans to improve its liquidity and stem the tide of losses.

Vehicle buyers and dealers sought treble damages.

Spot rates in eastbound Pacific stabilize at a high level as Chinese New Year approaches.

The deployment of larger ships and economic weakness in some eastern markets will weigh on spot rates, according to Drewry Shipping Consultants.

The group at the Danish Maritime Forum called for the establishment of an industry taskforce to come up with a plan to reduce the emissions in a unified and global context.

“India could probably be the only country to deliver nearly double-digit growth in container trade this year."

A New Jersey judge allows Hanjin Shipping to sell its share of a company that operates terminals in Seattle and Long Beach

Concerned about Hanjin's demise and uncertainty surrounding alliances, some BCOs will take higher rates now to ensure stability.

Should the US slap punitive tariffs on goods made in China, Beijing would certainly retaliate with measures of its own, heightening the prospects of a trade war.

In an exclusive interview with JOC.com, Hyundai Merchant Marine President and CEO C.K. Yoo lays out the plans of South Korea's largest container line in 2017.

A trade war between the United States and China will have no winners, the Chinese president told world leaders in Davos.

Investors continue to trade heavily in OOCL shares amid speculation that the Hong Kong-based carrier is for sale.

SM Line will set sail without the help of an alliance.

The ongoing rise in trans-Pacific spot rates has so far not been replicated in contract rates for large shippers.

French line CMA CGM has followed through on its commitment to making Singapore its Asian hub with the opening of a regional operations centre in the city-state.

Bond issuance comes ahead of its merger with United Arab Shipping Co.

Asia-Europe container carriers are breathing a sigh of relief as traffic edged higher in 2016, despite another dull peak season, reversing the previous year’s slump.

US ports will face unprecedented operational challenges when ocean carriers on April 1 restructure their vessel-sharing alliances.