Container Shipping News

Trailer Bridge lost $3.6 million in the second quarter, compared with an $897,000 profit in the same period a year ago, largely because the carrier's charter business decreased and fuel costs rose $1.

United Arab Shipping, looking to bolster revenue amid signs of firming rates on east-west trade lanes, is imposing a peak season surcharge on cargo moving from Asia to North Europe effective Aug.

Europe Container Terminals in Rotterdam is replacing its first-generation automated guided vehicles nearly 20 years after pioneering the use of the equipment to shuttle containers between container cr

Caterpillar Chairman and CEO Doug Oberhelman called for U.S. policymakers to launch a strong infrastructure repair program to upgrade ports and domestic transportation networks.

U.S. retail sales rose 0.5 percent in July, and business inventories grew in June for the 18th straight month but at the slowest rate in more than a year, the Commerce Department said.

Hanjin Shipping's container division lost $159 million in the second quarter, as rising fuel prices and a steep decline in east-west rates offset a 13.2 percent increase in volume.

The head of heavy equipment manufacturer Caterpillar said his company is still hiring in August as demand continues to grow for its product line, although he worries about the economic outlook.

Miami developers’ attempt to build high-rise condominiums at the site of terminals serving the Caribbean was thwarted after the Florida Supreme Court refused to overturn a lower court’s ru

Neptune Orient Lines reported a $57 million loss on Friday as its APL liner shipping operation's pricing fell 9 percent in the second quarter, and the shipping line said it will post a loss for the fu

India’s exports surged 82 percent year-over-year to $29.3 billion in July, according to latest provisional figures released by the Commerce Ministry.

The U.S. trade deficit rose in June to its highest level since October 2008 as soft overseas demand reduced industrial and capital goods exports.

Hapag-Lloyd’s second quarter profit tumbled to 26 million euros ($37 million) from $294 million in the second quarter of 2010 as declining rates and higher fuel costs offset a 3.3 percent increa

Container ship owner-charterer Seaspan took delivery of the third in a series of eight ships with capacities of 13,100 20-foot-equivalent units for charter to COSCO container lines.

The Green Alliance, formerly known as the CKYH alliance, will discontinue in September its weekly container service to the Port of Halifax in Nova Scotia.

Singapore-based ocean carrier APL said it is struggling to connect exports via terminals in India’s Port of Chennai because of severe port congestion and yard delays.

Canadian National Railway and China’s CNBM Forest Products Trading agreed to use a new CN facility in Vancouver, B.C., to transload Canadian lumber into China-bound containers starting this fall

Seaboard Marine posted an $11.1 million operating loss in the second quarter as rising volume and rates were offse

The growing demand for port capacity over the next five years will outpace terminal expansion, leading to rapidly rising utilization levels at many ports, especially in the Far East and Southeast Asia

Ocean carriers lose an average of 350 containers at sea annually, and the number rises to 675 containers if a vessel loses many containers in a single incident, the World Shipping Council reported Wed

China Cosco Holdings said it will likely post a loss for the first half of this year because rising fuel costs have eroded the container and bulk carrier’s earnings.

Taiwan-based Wan Hai Lines imposed port congestion surcharges on import containers handled at India’s Port of Chennai, making it the second ocean carrier to do so at India’s second-largest

Hamburg Sud will increase its bunker adjustment factor as of Oct. 1 for all cargo moving from U.S. and Canada to Europe and the Mediterranean.

Imports at top U.S.

Vacancy rates for warehouses and distribution centers near U.S.

Textainer Group more than doubled its net profit to $51.7 million in the second quarter, up 106 percent year-over-year, but the container lessor halted orders for standard dry freight containers amid

The Port of Baltimore moved up the rankings of U.S. ports in 2010 in terms of the dollar value and the tonnage of the cargo it handled, Maryland Gov. Martin O’Malley said Tuesday.

The growth of U.S.

The container shortages that exacerbated the shortage of vessel capacity last year will not be a problem during this year’s peak season, according to Alphaliner.

Hapag-Lloyd said Tuesday it will apply “port congestion surcharges” on all containerized cargo moving to and from Chennai, the second major Indian port to attract such charges in recent we

Container lines are improving their vessels on-time arrival rates at ports, according to the latest measure of container service reliability by Drewry’s Schedule Reliability Insight.

Japan’s exports of agricultural, fishery and forestry products fell for the third straight month in June on a year-to-year basis, dropping 2.3 percent to $491 million, according to the Ministry

Higher fuel costs and weak trans-Pacific results caused Matson Navigation’s second quarter operating profit to fall 75 percent to $9.4 million from $37 million a year ago.

Matson Navigation ended one of its China services, citing overcapacity and declining freight rates in the trans-Pacific, as well as high fuel prices.

CMA CGM will invest $100 million in a major container transshipment hub in Jamaica in exchange for a 35-year lease at the Kingston Container Terminal, the Jamaica government said Friday.

MCC Transport, A.P. Moller-Maerski’s intra-Asia shipping division, launched a 13-day transit service between China and Bangladesh.

Profit at the parent of Orient Overseas Container Line fell 39 percent in the first half of 2011 on falling freight rates and OOIL forecast “difficult” conditions for the rest of the year

Vessel traffic through the Panama Canal will be affected this month by maintenance and dredging.

Container traffic at major ports in India grew a mere 2 percent from April through July compared with a year earlier, according to the latest traffic data released by the Indian Ports Association.

As Harold Daggett basked in the applause of union delegates after his election as International Longshoremen’s Association president, loudspeakers came alive with the Sam Cooke classic “A

Peter Tirschwell’s July 18 commentary, “Season of the Switch,” put a new twist on the East Coast vs.