Container Shipping News

Eimskip increased third quarter operating profit 7.6 percent year-over-year to $14.85 million, as the Icelandic container shipping and refrigerated logistics company carried 11 percent more cargo.

China Cosco Holdings named Jiang Li Jun to replace Zhang Liang as president, extending a management shakeup that comes amid steep losses at the container line.

The Occupy Movement is calling for a shutdown of all West Coast ports on Dec.

Trailer Bridge swung to a $1.9 million loss

Shipping lines that carry U.S. exports to Asia intend to increase their refrigerated container rates effective Jan 1.

Diana Containerships swung to a $2.7 million profit in the third quarter from a $100,000 loss in the same period a year ago, as the chartering of three vessels to Maersk Line helped the vessel owner-c

Maersk Line is implementing a series of general rate increases and peak-season surcharges that will take effect on its Far East Asia services in December.

The rate war waged by leading ocean container carriers on the Far East Asia-North Europe trade has so far failed to drive out smaller rivals, according to Alphaliner.

Grain transport on U.S.

Containerized imports generally lagged but exports continued to grow in October at the ports of Oakland, Portland, Tacoma and Seattle.

Japan suffered a trade deficit of $3.56 billion in October, as exports fell amid a slowdown in the global economy and a stronger yen, according to the Japanese government.

Box throughput at leading Asian gateways grew in October despite the economic uncertainties that plague key European and U.S. markets.

Hapag-Lloyd said currency swings and rate competition caused third quarter profit to drop 94 percent year-over-year to $17.5 million, but the German carrier was one of the few major container lines to

Container shipping’s latest slide into red ink is reviving talk about mergers and acquisitions among carriers.

The Port of Long Beach is in the early days of implementing the largest capital expansion program in its history, so it was with a sense of relief that the Southern California transportation community

While attending a recent two-day marine highways workshop at George Mason University, I realized the concept has been studied exhaustively for more than 20 years, with no tangible results.

Agricultural exports are facing delays at the Port of Oakland as terminals struggle to provide longshoremen with documentation verifying refrigerated containers containing farm products have not previ

Container traffic through the Port of Charleston in October fell 6.3 percent

The German travel group TUI plans to sell its remaining stake in Hapag-Lloyd in January and expand further in Russia and China as it redefines its business model, according to

The trans-Pacific and Asia-Middle East trade lanes are most likely to bear the brunt of rate plummeting, as deliveries of ultra-large container ships deliveries peak in 2012 and 2013, according to one

Sea Star Line will plead guilty and pay a $14.2 million criminal fine and the carrier’s former president, Frank Peake, was indicted on a charge of conspiring to fix prices in the U.S.

When the APL Egypt pulled into a berth at Manzanillo International Terminal on the Caribbean end of the Panama Canal last February, it took all of a couple minutes for two ship-to-shore cranes to star

Harbor truckers in Southern California are raising concerns that an effort by longshoremen to inspect all chassis before equipment is trucked from Los Angeles-Long Beach will result in unnecessary del

SeaFreight Agencies opened its new 25-acre container terminal at Port Everglades, and the Caribbean carrier plans to boost its volume 23 percent through the Floridian port over the next six years.

Container volume at the Port of Long Beach plunged 20.5 percent in October, reflecting the loss of services by

Norway’s Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year ago, as

Investor Wilbur Ross says the industry is fragmented, leveraged, volatile and ripe for consolidation

Steel shipments in October through the Port of Houston rose 49 percent year-over-year and are up 60 percent year to date, while container traffic was flat last month.

Ocean freight rate volatility is ratcheting up global supply chain costs even when rates head downward, said a DHL Global Forwarding executive.

Cargo shipped on the St.

The 2012 Trans-Pacific Maritime Conference organized by The Journal of Commerce will add a full-day track on refrigerated container transpor

Transportation Secretary Ray LaHood threw his support behind the Port of Savannah’s deepening project and pledged to help Georgia find the needed funding.

A French court rejected a bid by Denmark’s DFDS to take over Sea France and gave the ailing state-owned ferry operator until Jan. 28 to find a new buyer.

U.S.-Puerto Rico carrier Trailer Bridge filed for Chapter 11 bankruptcy reorganization on Wednesday, a day after failing to refinance $82.5 million in bond debt that became due Tuesday.

Spot freight rates for ocean container shipping on the trans-Pacific fell another 4.2 percent in the latest week, the second straight week-to-week drop in a abrupt halt to carrier attempts to pump up

A U.K.

DFDS’s third quarter pre-tax profit surged 48 percent from a year ago to $61 million, as northern Europe’s largest short-sea shipping and logistics company benefited from “undiminish

The container export market out of China could weaken next year with economic recovery in developed countries “uncertain” and the risk of a global slowdown rising, according to Hutchison P

U.S.-Puerto Rico carrier Trailer Bridge said it plans to delay the filing of its third quarter financial report because the company has been focused on efforts to refinance $82.5 million bond debt tha

An International Longshoremen’s Association local has withdrawn its unfair-labor-practice charge against Ya