Container Shipping News

The financial statements at container ship lines are looking like the 401(k)s of many Americans.

In the Year of the Tiger, China showed its stripes.

Jim Newsome is methodical and detailed in describing the 10-year, $1.3 billion capital improvement program at the Port of Charleston, but the South Carolina port’s president and CEO takes on som

The domestic maritime community is furious with the Maritime Administration for approving waivers to non-Jones Act tankers to transport oil on coastwise routes from the Strategic Petroleum Reserve on

Higher pricing and a ramp-up in container sales drove box manufacturer Singamas’ profit ninefold to $111.8 million from the same period a year ago.

Truck tolls at bridges and tunnels linking New Jersey and New York City will more than double over the next five years under an increase approved Friday by the Port Authority of New York and New Jerse

Cargo through Port of Rotterdam in the first half of the year increased 1 percent year-over-year to 215 million metric tons, as a 9.7 increase in container handling helped offset a decline in oil prod

The Shanghai Containerized Freight Index measure of rates from Asia to the U.S.

Declining rates and liftings on the intra-Asia liner trades dragged MISC Berhad’s preteax profit down 57.4 percent year-over-year to $67.3 million in the first quarter ending 30 June.

United Arab Shipping Company set a peak-season surcharge on westbound shipments from Asia and Australia to West Mediterranean and Adriatic destinations, starting Sept. 1.

Shifting trade patterns in the Far East and Southeast Asia may insulate ports in the region from the impact of weaker east-west trade as a result of the debt crisis in Europe and the faltering U.S.

Panalpina launched three less-than-container-load weekly ocean services from Asia to Rotterdam, as the major forwarder grows its business on major Asia-Europe trade lanes.

Cargo shipments through the St.

Container traffic at New Zealand’s Port of Tauranga rose 15.5 percent year-over-year to 590,506 20-foot equivalent container units in fiscal year 2011 ending June 30, as its transshipment volume

Maersk Line announced a general rate increase on cargo shipped from the Indian Subcontinent to the east coast of South America.

Horizon Lines said it will make up its missed Aug. 15 interest payment on $330 million of its convertible notes when it announces a deal with lenders in “the near future.”

Container throughput at the Port of Wilmington, N.C., increased 14 percent in June over the same month a year ago to 23,598 20-foot equivalent units.

The costs of operating ships are increasing this year after a relatively static 2010 as operators face higher commodity prices and soaring premiums for piracy insurance, according to a new report by D

A.P.

Canada National and Canadian Pacific railways’ new and expanded transload centers for stuffing lumber, logs and other products into containers bound for Asia will help the ports at Vancouver and

The U.S.

The Drewry Container Rate Benchmark for shipping containers from China to the U.S. West Coast jumped 21.5 percent in the week ended Aug.

French ocean carrier CMA CGM will apply a port congestion surcharge on shipments moving from India’s Port of Nhava Sheva (Jawaharlal Nehru) to East/West Africa.

Container traffic at the Port of Singapore rose 4.7 percent in July to 2.6 million 20-foot equivalent container units from last year, giving the port its busiest month in at least 19 months.

Emirates Shipping Line is imposing a port congestion surcharge on import containers at India’s troubled Port of Nhava Sheva (Jawaharlal Nehru).

Containerized imports at the Port of Charleston jumped 11.8 percent in June compared to the same month a year ago but exports fell back 2.7 percent amid signs the slumping economy was affecting shippi

China Merchants Holdings is teaming up with two Sri Lankan partners to build a $500 million container terminal in the Port of Colombo in Sri Lanka.

Maersk Line kicked off its service at the recently opened Cai Mep International Terminal in Vietnam when the Grete Maersk called there Tuesday as part of its trans-Pacific service.

Container throughput at the Port of Hamburg jumped 17.4 percent in the first half of 2011 from the same six-month period last year, as carriers added new and expanded liner services consisting of larg

Container traffic at Spain’s Port of Algeciras Bay grew 3.9 percent to 1.5 million 20-foot equivalent units in the first half of the year from the same period a year ago, largely due to a record

Home improvement retailer Lowe’s, facing higher shipping costs and weakening sales, is ramping up a dramatic increase in online sales operations and shipping more goods directly to customers fro

Containerized imports declined a combined 2.3 percent at the ports of Los Angeles and Long Beach in July compared to the same month last year, as the ports handling fell short of an especially strong

Nine container ship lines want the Federal Maritime Commission to order the Port Authority of New York and New Jersey to quit collecting a fee that they claim illegally subsidizes intermodal rail ship

State-owned Shipping Corporation of India lost $1.3 million in the fiscal first quarter ending June 30, compared with a net profit of $42.5 million a year earlier.

The Port of Montreal bought two more multiple-generator locomotives that burn less fuel and produce less carbon emissions than previous models.

Import container volume at the Port of New York and New Jersey slipped 0.5 percent in June from the same month a year ago, the port's first monthly decline in 20 months.

Container ship owner-charterer Global Ship Lease said scheduled drydockings and non-cash charges caused a second quarter net loss of $11.7 million, compared with $5 million a year ago.

Hans-Ole Madsen says the main requirements for doing business in Africa are patience and commitment. Shipping volume, for now, is just a bonus.

Asian Shippers Council Chairman John Lu says container lines are out of capacity reduction options and are falling back into tough competition over rates that will push some to the brink of bankruptcy

Harbor truckers have complained for years that marine terminal gates are a source of lengthy yet preventable delays in the transportation supply chain.