Container Shipping News

Finnlines’ net loss almost doubled in the first quarter as Europe’s deepening economic downturn depressed cargo volumes on its North Sea and Baltic short sea routes.

United Arab Shipping Co. will boost rates on some of its trade routes, effective June 1 (based on the bill of lading date)...

Mediterranean Shipping Co. will apply a peak season surcharge to cargo from Asia to the Mediterranean and Black Sea, starting June 1...

Hyundai Merchant Marine will boost rates for all cargoes on two eastbound routes, starting June 1...

National Shipping of America plans to launch a fortnightly Jones Act domestic service between Houston and San Juan, Puerto Rico, using a U.S.-flag ship with capacity of 575 20-foot-equivalent units.

Wilh. Wilhelmsen’s profit fell 27 percent in the first quarter on lower shipping volumes and a less favorable cargo mix.

At least seven people have died, two are missing and five are injured after a roll-on, roll-off container ship slammed into a control tower at the Italian port of Genoa.

German ocean carrier Hapag-Lloyd has changed its agent representative in Bangladesh from SW Shipping to GBX Logistics.

Maersk Line Ltd. has purchased and is currently reflagging eight newer and larger container ships to upgrade the ocean transportation services provided to its U.S. military, government and commercial customers.

Mitsui O.S.K. Lines will launch a new weekly Asia-Mexico Express Service, taking part in a service operated by Hapag-Lloyd, in June.

The volume of U.S. beef exports in March was 83,612 metric tons, down 7 percent year-over-year, but export value was $440.7 million, slightly higher compared with March 2012...

Hapag-Lloyd will add a fortnightly call at Cotonou, Benin, to its weekly West Africa Mediterranean Express service, starting in mid-May.

A record number of container ships, including increasingly younger vessels, is set to be scrapped this year, but this won’t reduce the current oversupply of vessels, according to industry analyst Alphaliner.

ZIM Integrated Shipping Services is adding a Norfolk, Va., call to its Zim Container Service Pacific service.

Evergreen Shipping Agency (America) will return to its headquarters building at One Evertrust Plaza on May 10, following major repairs caused by Hurricane Sandy damage last October.

More than 16 million U.S. jobs depend on imports, according to a new study commissioned by the Consumer Electronics Association, the U.S. Chamber of Commerce, the National Retail Federation, and the American Apparel & Footwear Association.

Container lines CMA CGM, MSC, Maersk Line and Hamburg Süd have met to discuss the threat of piracy in the Gulf of Aden, the Indian Ocean and West Africa.

Cosco, Hanjin Shipping and Yang Ming will launch a joint Russia-Finland service later this month.

South Korea’s Hyundai Heavy Industries today confirmed it has won a $700 million order to build five of the world’s largest container ships for China Shipping Container Lines.

Rederi AB TransAtlantic has appointed Tomas Bergendahl chief financial officer.

Cosco Container Lines will boost rates for all shipments, including refrigerated cargo, on its trade from the Far East to South America’s west coast, starting May 15.

Yang Ming has received delivery of the YM Unicorn, an 8,626 20-foot-equivalent unit container vessel built by CSBC Taiwan.

Mitsui O.S.K. Lines will be taking space on Pacific International Lines’ Mozambique Express Service.

DFDS confirmed today it has submitted a bid for Scandlines, the Danish-German ferry operator, which has been put up for sale by its private equity owners.

The Los Angeles Harbor Commission Thursday delayed for at least two weeks a vote on a controversial proposal to adopt an annual general rate increase based on the consumer price index.

Diana Containerships will scrap another container ship, cutting the number of vessels in its container fleet to nine.

In March, the U.S. goods deficit shrank to $56.1 billion, down $4.6 billion from February, as imports declined more than exports. The total deficit, including trade in services, decreased $12.9 billion year-over-year to $38.8 billion.

The first Toyota Venzas departed the Port of Brunswick, Ga., May 2, bound for Russia and Ukraine.

Hanjin Shipping cuts its loss in the first quarter of 2013 to 34.7 billion won (approximately US$300 million), an 89.7 percent improvement year-over-year.

MOL and Pacific International Lines have announced a new joint Indian Ocean Islands Express Service.

Abu Dhabi Terminals has signed a contract with Hong Kong-based container carrier OOCL to include a call at the Port of Khalifa on its China-Middle East Express Service.

New orders for ultra-large container ships are undermining carrier efforts to limit the surplus of capacity that is depressing freight rates this year.

The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the Bahri Hofuf, a new general cargo vessel of 26,000 deadweight tons, in South Korea.

Toll increases for ships transiting the Suez Canal took effect May 1.

UPS is experiencing “significant” growth in its expedited less-than-containerload service from four northern European ports to delivery destinations in the U.S.

Shipowner Euroseas Ltd. reported a net loss of $132 million for 2012, compared with a profit of $1.1 million in 2011, as revenue dropped by nearly $10 million to $54.9 million.

Mitsui O.S.K. Lines posted a net loss of 178.8 billion yen ($1.9 billion) in its fiscal year ended March 31 but said its container shipping losses narrowed.

Maersk Line and INTTRA signed a new multiyear contract that expands their collaboration.

The board of CompañÍa Sud Americana de Vapores has confirmed Francisco Pérez Mackenna as chairman and Andrónico Luksic Craig as vice chairman.