Container Shipping News

The fund of the family that controls A.P.

The four carrier members of the CKYH alliance announced plans to cut capacity on the routes from Asia to Europe and Asia to the Mediterranean, where overcapacity has been undermining the rate increase

OOCL reported positive operating results Friday for the second quarter ended June 30, with strong increases in both container volume and revenue.

Average spot rates in the Asia-Europe trade lane eased this week following the general rate increase that carriers put into effect on July 5 ranging between $400 and $500 per 20-foot equivalent unit.<

Mediterranean Shipping Co. will impose a peak-season surcharge on westbound trade from Asia to Europe, starting Aug. 1.

By the time the Panama Canal Authority opens its new set of locks in 2015, the 50-mile stretch of canal may have at least two new terminals, one at each entrance, with plans for a third on the Pacific

When Argentine President Cristina Fernandez de Kirchner expropriated control of the country&rsquo;s largest oil producer, YPF, from its Spanish parent Repsol YPF in May, the shockwaves reverberated th

Overall growth in containerized Asian trade has been at a snail&rsquo;s pace, with imports through the U.S.

The ups and downs of this year&rsquo;s International Longshoremen&rsquo;s Association contract negotiations resemble a stock price chart on a volatile trading day.

German competition regulators approved the acquisition by Sweden&rsquo;s Stena Line of five Baltic Sea freight routes from German rival Scandlines, accelerating the consolidation of the one of Europe&

Strong iron ore and coal shipments for the steel and construction industries were key in driving traffic on the St.

Bold plans to boost coal exports to Asia through Northwest ports will likely slow intermodal and grain shipments, resulting in higher freight rates and equipment costs, according to a new study commis

Singapore-based container carrier APL will seek a general rate increase on trades from India to the U.S., starting Aug. 5.

The U.S.

A 0.7 percent year-over-year decline of U.S imports in May and the second-best month ever for the exports of goods and services helped pull the U.S.

Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to secure another rate increase in early August.

The Virginia Department of Transportation said Wednesday it is extending until Aug.

Average spot rates in the eastbound trans-Pacific trade lane fell 2.9 percent this week, dropping for the second week in a row since carriers put a peak-season surcharge into effect on June 10.

Oscar J. Abello, the former president, CEO and chairman of "K" Line America, died on Sunday, July 8, in Pembroke Pines, Fla., where he had retired.

Retailers continue to plan for increased imports this fall despite discouraging news recently regarding consumer confidence, employment numbers and retail sales.

Vietnam&rsquo;s ambitious Cai Mep container port is losing its appeal to ocean carriers, according to Alphaliner, as lower-than-expected cargo volumes have cut the number of weekly direct line-haul se

Japan's containerized cargo trade will rise 3.2 percent year-over-year in fiscal 2012, which started on April 1, to 12.865 million 20-foot equivalent units, a Tokyo-based research firm predicted in a

The fate of the long-planned Savannah Harbor Expansion Project remains undecided after a federal judge ruled against the dismissal of an environmentalists&rsquo; lawsuit aimed at blocking a pollution

Maersk Line plans to implement a new round of general rate increases in its Asia services that would take effect Aug. 1.

Agricultural exports, such as grain shipments moving through the new EGT terminal in Longview, Wash., are leading the economic recovery, the chief agricultural negotiator at the Office of the U.S.

Cape Breton is looking for a terminal operator to build a container terminal on a greenfield tract of land in the deep-water harbor of Sydney, Nova Scotia.

Box Ships Inc.

Cai Mep International Terminal will handle close to 600,000 20-foot equivalent units in 2012, representing 50 percent of the containers moving through the Vietnamese port which has five other terminal

The Japanese Shipowners&rsquo; Association voiced strong objections on Friday to the toll increases proposed by the Panama Canal Authority and urged it to withdraw the increases scheduled for this Oct

Maersk Line will seek a general rate increase on shipments from India to Latin America, effective Aug. 1. The proposed increase will be $150 per 20-foot-equivalent unit.

The Port of Long Beach plans to provide an incentive payment to ocean carriers in hopes of attracting more intermodal rail cargo to the port.

After eight straight weeks of declines, average spot rates on the westbound Asia-Europe trade jumped by 13.1 percent on July 5 as carriers on that route put general rate increases into effect ranging

French ocean carrier CMA CGM said it is a member of a consortium that plans to bid and invest between 200 million euros and 250 million euros ($250 million-$315 million) to develop and operate a secon

Average spot rates on the eastbound trans-Pacific trade lane fell 6.7 percent this week, in the first drop since

Hapag-Lloyd said it plans to extend a $250 per 20-foot container peak-season surcharge imposed May 1 on Europe-Asia trades through the end of August.

Taiwanese ocean carrier T.S. Lines is joining the China-India Express (CIX) service operated by Hyundai Merchant Marine, effective this month.

A U.S.

The world&rsquo;s top 20 ocean carriers boosted their container ship fleets by 844,000 20-foot equivalent units in the past 12 months, intensifying competition even as they piled up large losses, acco

Matson Inc.

Container lines could reduce their overall losses for the year as a whole to $1.3 billion or even turn a profit of $1.3 billion, depending on the overall development of costs, particularly fuel, accor