Container Shipping News

The Stifel Nicolaus Logistics Confidence Index, a monthly survey of international shippers and forwarders measuring European-based trade lanes, conducted by Stifel Nicolaus Logistics and Transport Intelligence...

Container freight shipping company Evergreen Line recently announced a general rate increase for reefer cargo, effective Jan. 1, 2013.

Prospects for nearshoring, which is the transfer of business to a nearby country, have never looked better as U.S. companies turn to Mexico for the production of a variety of industrial and consumer goods.

Honolulu-based Matson today named Ku’uhaku Park its new vice president of government and community relations. He will be responsible for directing the shipping carrier’s government relations and community service activities...

Container shipping lines are posting profits again, but they aren’t ready to celebrate.

A continuing tight labor market in China is rapidly eroding that country’s share of U.S. footwear imports, as other nations like Vietnam are growing, according to a new JOC analysis.

Shippers this week are still struggling to recover import cargo that was bound for the Port of New York and New Jersey at the end of October when Hurricane Sandy forced inbound container ships to unload at other East Coast ports.

Supply chain provider Yusen Logistics recently added a less-than-containerload service from Taiwan to Los Angeles.

Import cargo volume at the nation’s major retail container ports is expected to increase 5.9 percent, at 1.37 million 20-equivalent units, in November...

The partners Samskip Multimodal Container Logistics, Visbeen Transport Group and Post-Kogeko Logistics recently transformed reefer company Coolboxx into a 45-foot container rental company, which was approved by all partner’s board of directors.

Ocean transportation company Seaboard Marine plans to launch a weekly shipping service between the Port of Miami and Puerto Morelos in Mexico, commencing Nov. 15.

Government data showed U.S. steel exports in September were 1.2 million tons, down 9.7 percent from August and 12.8 percent from September 2011, the American Institute for International Steel reported today.

India’s exports during October were valued at $2.3 billion, a decrease of 1.6 percent from $2.4 billion during the same month last year; and imports were $4.4 billion, jumping 7.4 percent year-over-year from $4.1 billion.

The members of the Caribbean Shipowners Association recently announced general rate increases and peak season surcharges for 2013, including rates for Haiti, with the first GRI set to take effect on Feb. 24.

Deutsche Post’s third quarter operating profit declined 6.5 percent from a year ago.

Barge traffic on the Mississippi River between St. Louis and Cairo, Ill., may be restricted or halted in the beginning of December...

Maersk Line swung to a third quarter net operating profit of $498 million from a year-earlier loss of $289 million on higher ocean freight rates, cost savings and a lower fuel bill.

Ocean carrier Cosco Container Lines today announced adjustments for all shipments from the Far East to South Africa and South America’s East Coast, effective Nov. 15.

Container shipping carrier Matson today reported net income in the third quarter was $19.1 million, growing 119.5 percent from $8.7 million in the third quarter of 2011.

Container lessor Textainer Group today reported profit in the third quarter was $50.7 million, up 10.6 percent from $45.8 million in the third quarter of 2011.

The four carrier members of CKYH Alliance will implement a winter service schedule, canceling seven voyages in the current Asia-Mediterranean service from November 2012 through the middle of January 2013.

Global shipping company Diana Containerships has signed a memorandum of agreement with Neptune Orient Lines for the purchase of APL Garnet, a Panamax container vessel.

SeaCube Container Leasing reported profit in the third quarter of $11.4 million, up 29.9 percent compared with $8.8 million in the third quarter of 2011.