Container Shipping News

Long-time APL executive Bob Sappio has joined Alvarez & Marsal, a professional services firm, where he is managing director of its transportation practice, based in San Francisco.

Japanese shipping firms are ratcheting up pressure on the government to revise the nation’s tonnage tax system, claiming the limited application of the tax has put them at a disadvantage amid in

State-owned Shipping Corporation of India swung to a $28.12 million loss in the fiscal second quarter ending Sept.

APL’s container volume grew 5 percent in October from September, while average revenue per container fell for the second straight month as ocean spot rates were squeezed by overcapacity and weak

Merging the container lines of Japan’s top three shipping companies would be a sound strategic and economic move, according to container shipping analyst Alphaliner.

U.S.

David Noe, APL’s long-serving vice president of sales, marketing and customer support in the Americas, died last week in Houston following a protracted illness. He was 50.

The Eurozone’s lurch from crisis to crisis is the prime reason for the soft Chinese export growth piling downward rates pressure on the sluggish Asia-Europe trade lane

Five carriers that operate three joint services between Asia, Mexico and the West Coast of South America plan to suspend one of those services during the slack winter season.

The Japanese economy grew 1.5 percent in the July-September quarter from the preceding quarter, or at an annualized pace of 6 percent, the first growth in four quarters, the Japanese government said.

Ocean carriers serving India’s Port of Chennai said they will consider lifting their bottleneck surcharges if r

Box Ships booked a profit of $5.1 million in the first full quarter since the Greek container ship owner’s initial public offering on the NYSE.

HHLA managed to grow revenue and container traffic in a challenging third quarter, but Hamburg’s biggest stevedore warned of an economic slowdown and rising overcapacity in North European ports.

Rickmers Maritime Trust swung to an $11.1 million profit in the third quarter from a $54.6 million loss a year a

Trying again to stop the erosion of rates that has hit major east-west trade lanes this year, shipping lines in the eastbound Pacific intend to implement interim rate hikes on Jan. 1, 2012.

If there is, as ocean carriers say, too little demand for freight space and too much capacity on the water, Sheila Hewitt is wondering why her shipping customers in the U.S.

Short- and medium-term economic forecasts for all of the major countries in the Mideast have been revised downward months after the Arab Spring erupted.

If container lines really start parking ships in significant numbers, it may have more to do with 2012 than with their dismal financial results this year.

Maritime industry employers are working with longshore unions around the country to prevent potentially deadly refrigerated containers from Vietnam from entering the U.S. through seaports.

Nine months after angry crowds brought down the administration of long-time dictator Hosni Mubarak, political and economic uncertainty hang heavily over the future of Egypt.

ABF Freight System is extending its move toward international business with a less-than-containerload ocean offering the carrier will combine with its U.S.

Three major Chinese solar manufacturers are trimming shipment expectations for the rest of the year as a slowing global economy drains demand and proposed

U.S.

Billionaire Wilbur Ross, who has profited from investments in distressed industries such as steel and textiles, is putting money into ocean transportation but isn’t ready yet to plunge into cont

Further consolidation of container shipping lines is likely as carriers seek to cut costs, expand market share and bolster balance sheets, said Peter Stokes, senior analyst and head of shipping at inv

The Shanghai Container Freight Index of spot rates tumbled this week to a record low, led by a 6.5 plunge to $573 per 40-foor-equivalent unit for Asia-to-Europe shipments.

A.P.

Dockwise’s third-quarter profit dropped nearly 40 percent to $8 million from $13.1 million a

Emirates Shipping Line once again boosted its port congestion surcharges on containers shipped through India’s Port of Chennai.

Hainan P O Shipping in December will expand its trans-Pacific service by adding a North and Central China string to the West Coast, adding to Shanghai-based carrier’s weekly service between Sout

Just as it did this year, the Alameda Corridor Transportation Authority probably will need another shortfall payment from the ports of Los Angeles and Long Beach when a debt payment is due on Oct.

Container volume at North Carolina’s Port of Wilmington grew 2.7 percent in the quarter ending Sept. 30, helping push revenue at the N.C.

Damco’s profit in the first nine months of 2011 rose 8 percent year-over-year to $567.7 million, as ocean and air freight volume rose despite “difficult market conditions.”

A U.S.

CMA CGM said it has resumed all container commercial services to Libya, joining Maersk Line and

The amount of container ships arriving on time in third quarter rose to 63 percent, and Maersk Line had the best schedule reliability among major carriers, Drewry Maritime Research said in its latest

Four maritime unions have criticized the Maritime Administration for not including their viewpoints in a study

Wilh Wilhelmsen’s third quarter operating profit surged 135 percent to $175 million on strong growth in the Norwegian car carrier’s trade lanes out of Japan and from Europe to China.

Spot freight rates on the trans-Pacific dropped this week after last week’s brief rebound off their 22-month lows.

Maersk Line said Friday it lost $297 million on shipping in the third quarter amid collapsing freight rates on the key Asia-Europe trade lane, and the world’s largest ocean container carrier sai