Container Shipping News

Mediterranean Shipping Co. is raising its freight rates on all export containers shipped from Portugal to the U.S. as of July 7.

The Baltic and International Maritime Council, the world’s largest private shipping organization, elected Yudhishthir Khatau of India as its new president.

The laid-up container ship fleet fell to its lowest level since August 2008 and is still shrinking as ocean carriers activate idle tonnage, Alphaliner reported.

The head of PierPass gate operation at the Los Angeles and Long Beach ports says the only pressure on capacity marine terminals comes when large numbers of truckers want to pick up or drop off contain

CSAV’s volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined.

Container throughput in India’s Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the first two months of fiscal 2011-12, the port authority sa

Japan’s Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake in Westwood Shipping Lines, a U.S.

Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S.

Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units.

Container ship line APL says the fast-growing U.S.

Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes, a key part of the

Horizon Lines says it has found a way out of a financial crisis triggered by the company’s guilty plea and fine for price-fixing in the Puerto Rico trade.

The Port of Houston doesn’t have to wait for the opening of the Panama Canal’s larger locks in 2014 for the arrival of bigger post-Panamax ships.

Slow-steaming by container ship lines is thickening the fog of war between shippers and carriers over bunker fuel surcharges.

The threat level is rising along with the water along the Mississippi River, endangering two-thirds of U.S.

Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of Commerce rankings of the Top 40 Import Container Lines for the first quarter

The Port of New Orleans and the terminal operator owned by Mediterranean Shipping Co.

When the deal to sell the Port of Galveston’s facilities to an investor group of Hutchison Port Holdings and Carlyle Group fell through in April, the port and financial adviser BMO Capital Marke

The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft patch in the U.S. economy.

Rates for containerized ocean shipping exports from the United States to Asia are sliding this spring as a sharp upturn in vessel capacity offsets relatively strong demand for U.S.

Diana Containerships on Friday set the price of its public offering of 14.25 million shares of its common stock at $7.50 per share.

The Port of Hong Kong, getting off to a slow start in 2011, saw ocean container volume grow a scant 1 percent in the first quarter from a year ago, according to the Census and Statistics Department of

Orient Overseas Container Line took first place in the annual ocean carrier performance survey

Container services resumed this week at the Port of Sendai-Shiogoma, the most important port in Japan’s northeastern region of Tohoku, nearly three months after the devastating March 11 earthqua

Neptune Orient Lines said it would issue S$300 million (US$244 million) in 10-year bonds to help finance the purchase of new container ships for APL.

President Obama is keeping open the option of drawing oil out of the U.S.

Record exports fueled by a slumping dollar combined with a drop in automotive and oil imports to shrink the U.S. trade deficit in April by 6.7 percent to $43.7 billion, the lowest since December.

A New England-Halifax shuttle service, launched by American Feeder Lines as the forerunner of a planned coast-wide network of short-sea services, will begin service next week.

European shippers are endorsing the call for radical changes in the container industry by Maersk Line CEO Eivind Kolding, but the European Shippers Council said Maersk has a heavy legacy to overcome a

The port of Antwerp wiil reward “clean ships” with a 10 percent discount on tonnage based harbor dues from July 1 in a bid to further cut emissions of pollutants.

Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday.

Heavy-lift shipping company Dockwise warned today that it will transfer its Dutch-flagged ships to a different register unless the Netherlands allows it to hire private guards to fight pirates.

Container traffic at Bremen/Bremerhaven hit a record high in April as the German twin ports continue to outpace growth at their North West European rivals.

APL President Eng Aik Meng announced his resignation on Wednesday, expanding a rapid overhaul in the top leadership at one of the world’s largest container shipping lines.

Spot container freight rates on the eastbound trans-Pacific took a sharp turn downward in the last week, falling 8.1 percent in a new sign of weakness on the trade lane, according to Drewry Shipping C

Hapag-Lloyd said it will omit the next three ship calls on its GS1 service between the U.S.

A peak-season surcharge scheduled to take effect next week in the eastbound Pacific has been postponed for at least one month.

Terminal operators in Los Angeles-Long Beach will increase the traffic mitigation fee charged during daytime hours to $60 per TEU from $50 beginning July 4.

U.S. containerized exports rose 12.5 percent in April, their 19th consecutive year-over-year increase, after a 13.9 percent gain in March, according to PIERS.