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The latest Container Shipping News & Analysis

Container Lines Focus on Costs to Rebuild Profits

Bill Mongelluzzo, Senior Editor, Trans-Pacific |

Gene Seroka, president of the Americas at APL, sees container shipping capacity exceeding demand for the next couple of years in the east-west trade lanes.

MaritimeContainer lines

Evergreen Agency Relocates While Storm Cleanup Continues

Container lines

Danaos Reports $7 Million Net Loss

Bruce Barnard, Special Correspondent |

Container lines

ROPES Project Studies Ships’ Wash in Port of Rotterdam

Bechtel today announced that the Research on the Passing Effects of Ships project, a global research initiative led by the construction and engineering company that will set new international guidelines...

International portsForwarding

Freight Payment Regulations Vary Widely Across the EU

David Biederman |

Container lines

Freight Payment Companies See Opportunities Overseas

David Biederman |

Supply chainForwarding

Trans-Pacific Carriers Look for Pricing Rebound

Bill Mongelluzzo, Senior Editor, Trans-Pacific |

After a brutal summer that saw exports to Asia soften and freight rates deteriorate steadily, trans-Pacific cargo volumes began to pick up in early October.

Container linesNorth American ports

Port of Rotterdam Cargo Throughput Up 1.7 Percent

The Port of Rotterdam reported cargo throughput was 332.60 million tons during the first nine months of 2012, an increase of 1.7 percent from last year’s 326.90 million tons during the same period.

International portsForwarding

Hanjin Shipping Posts Net Loss of $43.3 Million

Hanjin Shipping today reported a net loss of 47.3 billion South Korean won (about US $43.32 million)...

Container lines

Sandy Gas Shortages Drive Tanker Rates Higher

Virginia Port Shuns Empty Containers to Accommodate Cargo Diverted From NY-NJ

Marine terminalsForwarding

Paul Devine Named President of OOCL (USA)

Container lines

China Unlikely to Open Growing Domestic Waterway Market

Mark Szakonyi, Executive Editor |

Air Freight Drags Down Profit at Panalpina Group

Panalpina Group reported net profit of approximately US$4.4 million for the third quarter of 2012, compared with approximately US$33.7 million in the same quarter a year ago.

Logistics Technology NewsAir CargoForwarding

Maersk Line Diverting Cargo Bound for NY-NJ

Peter Leach, Senior Editor |

Container lines

DHL Launches Japan-South Korea Multimodal Service

Logistics Technology NewsTrucking NewsForwardingInternational rail

Port Tracker Forecasts Full-Year Drop in European Imports, While Exports Will Grow

Container Corporation of India Profit Rises 32 Percent

State-owned Container Corp. of India boosted second quarter net profit 32 percent from a year earlier to $44 million, driven by higher earnings from its core export-import intermodal operations, the company said in a statement.

Logistics Technology NewsForwarding

CSAV Swings to Profit After Seven Quarters of Losses

Container lines

Moody’s Downgrades Hapag-Lloyd Ratings

Container lines

Hapag-Lloyd to Upgrade Asia-Mexico Loop

Container lines

Asia-U.S. Carriers Seek December Rate Hike

In an attempt to prevent freight rates from eroding during the slack season, shipping lines that carry U.S. imports from Asia plan to increase rates on dry goods on Dec. 1 and refrigerated containers in January.

MaritimeCool Cargo NewsContainer lines

Record Exports of Chilean Blueberries Forecast

Exports of blueberries from Chile is projected to rise to a record 84,900 tons this 2012-13 season, an increase of 21 percent from last year’s 70,800 tons.

Container linesCool Cargo News

Rena Owner Fined for Coastal Marine Pollution

Daina Shipping, the registered owners of the container ship Rena, was today fined NZ $300,000 (about US$246,667) in the Tauranga District Court in New Zealand...

Container linesForwarding

Shipping Rate, Surcharge Update for Week of Oct. 22-26

Container lines

Hapag-Lloyd Sets East Asia Rate Hikes

German ocean carrier Hapag-Lloyd will increase its rates on East Asia services starting in November.

Container linesMaritime

Cosco Announces Rate, Surcharge Hikes

Cosco Container Lines has announced several adjustments to rates and surcharges in several trades.

Container lines

Hyundai to Increase Rates on North American Exports to Middle East, Indian Subcontinent

Hyundai Merchant Marine will increase export rates from the U.S. and Canada to destinations in the Middle East and the Indian subcontinent.

Container lines

Thailand's Exports Ticked Up in September

Container lines

Zim Adds Ashdod Call to ZCA Service

Container carrier Zim Integrated Shipping Services will add Ashdod Port to its Zim Container Service Atlantic route starting in November...

Container lines

NOL Posts First Net Profit Since 2010

Singapore-based Neptune Orient Lines Group today reported profit in the third quarter was $50 million, up $141 million from the $91 million net loss posted in the same quarter last year.

MPC Steamship, Thien & Heyenga Form Partnership to Market Fleets

Bruce Barnard, Special Correspondent |

Container lines

APL Suspends Direct Calls at Dammam Port

Container lines

eBay Study: Small Businesses Selling Online Export More

A study recently released by eBay found that 97 percent of commercial sellers, mostly small businesses, on eBay export...

Container lines

China Looks to Protect Domestic Shipping Industry

China is seeking to protect its domestic shipping industry from foreign competitors...

Container lines

New Zealand Proposes Removal of Shipping Antitrust Exemption

New Zealand has submitted proposals to the Global Shippers’ Forum, representing the freight transportation industry, to withdraw antitrust immunity for international shipping services...

Transport, Trade and Regulation NewsForwarding

Samudera Shipping Profit Falls 64 Percent Despite Revenue Gain

Container lines

Net Income Sinks at Costamare

Costamare’s third quarter net income fell to $12.5 million from $17.4 million a year ago.

MaritimeContainer lines

VPA, CSAV Sign Five-Year Extension

Chilean shipper Compania Sudamericana de Vapores and Virginia Port Authority recently signed a five-year contract extension...

Container lines

Profit, Revenue Jump at Container Lessor CAI

Joseph Bonney, Senior Editor |

Container lessor CAI International’s third quarter net profit rose 21 percent to $16.5 million, and revenue jumped 36 percent to $44.9 million as utilization rates remained strong despite a sluggish global economy.

MaritimeForwarding

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