Container Shipping News

The rise in the global auto trade is lifting the car carrier industry out of the global recession with far less damage than other shipping sectors have experienced, according Drewry’s Car Carrie

Hong Kong-based Kerry Logistics, in the midst of a broad expansion of its Asia network, says it expects to com

An index of spot freight rates for Asia-to-Europe container shipments inched up 0.1 percent this week, showing new strength in ocean carrier attempts to shore up pricing on the troubled trade la

The executive directors of the nation’s two largest container ports intend to address one of their most vexing and embarrassing problems – slow turn times at marine terminal gates.

Container throughput at the Port of Wilmington jumped 11.2 percent last year from the previous year, as the North Carolina port handled more imports and exports of agricultural products.

The new president of Sea Star Line says “structural changes will be essential” so the Jones Act carrier can reinvest in coming years.

A labor dispute at APM Terminals in Rotterdam that has disrupted shipping at one of Europe’s largest container handling facilities for more than a week shows no sign of an early end.

Shipowners urged governments to take a heavier hand to captured Somali pirates and their financiers, as the threat to trade and seafarers increases.

OOCL will extend its largest rate increases to Asia-Australia services, starting March 15.

Mediterranean Shipping will apply a general rate increase on all cargo from North Europe to ports in the Indian subcontinent.

The newly formed G6 alliance of ocean carriers is speeding up the launch of its Asia-Europe service by a month to the first week of March to coincide with steep hikes in freight rates on the world&rsq

HHLA, Hamburg’s biggest stevedore, boosted container traffic 21.3 percent in 2011 from a year ago, significantly outpacing growth in Antwerp and Rotterdam to boost its market share in the fierce

Zim Integrated Shipping Services will raise its rates on westbound trade from the Indian subcontinent to Europe by $750 per 20-foot container, starting March 1.

The International Longshore and Warehouse Union members on Tuesday will help load the first vessel to arrive at the new EGT export grain terminal in Longview, Wash., putting an end to months of rancor

South Korea’s Hyundai Merchant Marine reported a 2011 operating loss of $327 million, reversing a profit of $541 million in 2010, as revenue fell and costs rose.

United Arab Shipping imposed a $775 general rate increase on Asia-Europe services effective March 1, joining other major container ship operators in seeking rate restoration on the depressed trade lan

Mediterranean Shipping will raise rates on shipments from India to ports in East Africa, as part of what it calls a new “rate restoration initiative”.

Container Corporation of India boosted third quarter net profit 6 percent from a year ago to $49.2 million, as growth in the state-owned company's core container hauling business pushed revenue up 8 p

Bridgestone plans to open a $575 million factory in 2014 near the Vietnamese city of Hai Phong, as the coastal city becomes a major export gateway for multinational corporations.

German tourism company TUI is reportedly close to selling another slice of its remaining 38.4 percent stake in Hapag-Lloyd to the Albert Ballin consortium, the Hamburg-based ocean container carrier&rs

Cargo thieves struck five times at rest stops around Memphis in November and December, stealing truckloads of computer game consoles on their way to stores in the run-up to Christmas.

About 90 miles west of the North Carolina coast rests the sprawling airport of Kinston, which boasts the longest jet runway between Washington, D.C., and Atlanta.

The red tide is coming in. Container ship lines are starting to report their results for 2011, and the numbers aren’t pretty.

Container throughput in 2011 at the Port of Prince Rupert jumped 20 percent year-over-year, while the emerging gateway's larger West Coast rival, Port Metro Vancouver, saw flat traffic in the same per

Crowley Maritime promoted Jose “Pache” Ayala to vice president for the Puerto Rico trade.

Maersk Inc., the U.S. arm of the A.P. Moller-Maersk Group, agreed to sell Direct ChassisLink, its chassis-leasing subsidiary, to the private equity firm Littlejohn & Co.

OOCL announced Friday it will increase freight rates $800 for westbound cargo on Asia-Europe services March 1, joining other carriers in an attempt to pump up rates on the depressed trade lane.

Rising shipments of auto parts and recovering demand for furniture pushed U.S. containerized imports up 2.4 percent in December, capping a year in which volumes increased 3 percent.

Hyundai’s car plant in Montgomery, Ala., is running at 110 percent of official capacity. Deere and Caterpillar report double-digit sales increases. U.S.

The Food and Drug Administration blocked more shipments of orange juice from entering the U.S. and found traces of an illegal fungicide in domestic juice.

Mediterranean Shipping raised the stakes in the container ship carrier bid to pump up rates on depressed Asia-Europe lanes on Thursday, adding $775 to its charges effective March 1.

Moody’s this week downgraded the ratings of Japanese ocean carriers NYK Line and MOL, citing concerns that vessel overcapacity could prevent the companies from paying down debt.

Hapag-Lloyd will apply general rate increases on all cargo moving from Far East Asia to the Indian subcontinent and the Persian Gulf.

Maersk Line will replace a call at Zeebrugge, Belgium, with an Antwerp port call on service connecting the Middle East, India and Europe, starting in mid-February.

Container shipping lines boosted the reliability of their service schedules to a new record of on-time arrivals in the last quarter of 2011.

Indonesian exports in 2011 rose 29 percent year-over-year to $204 billion, as Southeast Asia’s largest economy taps manufacturers' shift of production away from disaster-affected Thailand and Ja

Average spot rates on the Asia-Europe trade lane dropped this week for the second week in a row, even as carriers including

Hanjin Shipping joins other major ocean carriers in pushing bold rate increases on the depressed Asia-Europe trade lanes, announcing a $700 price hike that would boost the rate more than double the cu

Costamare more than doubled its fourth quarter net income to $26.1 million from a year ago, as the Greek containership charter owner expanded its fleet and capped voyage operating costs.

OOCL plans to quit providing chassis for the drayage of import and export containers at facilities in the New York City metropolitan area and in Rochester, N.Y. as of April 1.