Container Shipping News

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

Taiwanese carrier Evergreen has finally embraced mega container ships, agreeing to charter 10 13,800 20-foot equivalent unit vessels ordered today at South Korea’s Hyundai Heavy Industries.

Hapag-Lloyd plans to implement a peak-season surcharge and a general rate increase on Asia-Europe trade, as part of a new rate restoration program.

Maersk Line Ltd. was awarded an up to $2.1 billion contract from the U.S. Department of Defense to ship cargo internationally until the end of August 2013.

Container volumes at West Coast ports increased 7 percent in May compared to May 2011, with imports up 8 percent and exports up 5 percent, according to

U.S. exports of soybeans, coal and petroleum will drive the nation’s trade to expand 95 percent by 2026, as global trade jumps 98 percent in the same period, according to a HSBC report.

Dockwise, the Dutch heavy-lift operator, said it now controls 80.4 percent of the outstanding shares of takeover target Fairstar Heavy Transport.

Matson Inc.

NOL plans to sell its Singapore headquarters building as part of an ongoing cost-reduction and restructuring program that is producing wide-spread layoffs globally.

Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding Japan) to ports on the Indian subcontinent.

Are long-term freight contracts reset periodically to reflect variations in spot rate indices the answer to rate volatility?

As ports prepare for a modest spike in cargo volumes during the peak shipping season, ocean carriers, marine terminals, railroads and equipment providers appear to be flush with capacity.

Container ship lines say it’s not unusual for their cargoes’ actual weights to be 3 to 7 percent higher than reported weights.

Shippers and carriers use several spot rate indices to benchmark their contracts.

You’d be hard pressed to find stronger evidence of the shift of freight transportation from air to sea than when FedEx, operator of the world’s largest air cargo fleet, points it out.

The court-appointed master who is handling a jurisdictional dispute between the International Longshore and Warehouse Union and the International Brotherhood of Electrical Workers at the Port of Portl

The Federal Maritime Commission’s proposal to create a container rate index for agricultural exports would violate the Ocean Shipping Reform Act’s confidentiality provisions and should be

Zim Integrated Shipping Services is adding a call at the Port of Halifax in July in its Zim Container Service Atlantic, known as the ZCA service.

Mediterranean Shipping Co. revamped its weekly service between the U.S.

State-owned Shipping Corporation of India will seek a general rate increase on westbound trade from India to Europe and the Mediterranean.

Singapore-based container carrier APL is reorganizing its Subcontinent-Red Sea Express (SRX) Service, effective in July.

The Port of Tacoma will receive two new container services in early August when the Mediterranean Pacific and the Oceania services begin calling at the port.

A truck strike over working conditions in South Korea continued to paralyze import and export trade Thursday.

Average spot rates on the Asia-Europe trade slipped this week for the seventh week in a row, threatening to erode the series of four big general rate increases that carriers have been able to nail dow

An extensive search of a container ship at Newark, N.J., ended this morning without authorities finding any stowaways.

APM Terminals will open a new regional headquarters in Singapore in September to oversee its operations in Southeast Asia and the Indian subcontinent and free its Shanghai office to focus on China and

Indian regulatory authorities cleared a joint venture between Japanese forwarder Kintetsu World Express and domestic logistics group Gati Ltd.

After reviewing objections raised by shipping lines to the toll increases it proposed in April, the Panama Canal Authority postponed the first step of the two-step increase from July until October this year...

Mediterranean Shipping Co. will impose a general rate increase on shipments from Asia to the east coast of South America, starting July 15.

U.S.-based companies’ imports and exports will rise 4.7 percent annually during the next 15 years, led by exports to feed consumer demand in emerging markets, according to a new report by HSBC C

The United Seamen’s Service will present the 2012 Admiral

A key U.S. trade official lashed out at the declining state of U.S.

Federal and local authorities are investigating apparent stowaways inside a shipping container on the CMA CGM chartered container ship Ville D'Aquarius docked at Port Newark Container Terminal, the Co

The Agriculture Transportation Coalition said APL, “K” Line and OOCL shared the top ranking in the organization’s seventh annual carrier performance survey.

Overall confidence levels in the shipping industry, including the container ship market, increased in the three months ended May 2012, to reach their highest point since February 2011, according to th

Hong Kong’s Cosco Pacific, operator of the biggest container terminal in the Port of Piraeus, Greece, is considering further investments in the country as the cash-strapped Athens government pre

Box Ships took delivery Monday of its eighth vessel, the OOCL Hong Kong, a secondhand vessel built in 1995 with capacity of 5,344 20-foot equivalent units.

DP World boosted productivity and capacity at its Aden Container Terminal in Yemen by installing two ship-to-shore quay cranes. The new cranes bring the total number of quay cranes to seven.

The world container ship fleet has topped 16 million 20-foot equivalent units, but the rate of capacity growth is slowing, according to Alphaliner.

Novorossiysk Commercial Sea Port’s first quarter earnings soared 48 percent from a year ago as Russia’s largest port operator handled record cargo volume to boost its share of the nation&r