Container Shipping News

Pacific International Lines and Wan Hai Lines will upgrade their service network in the trade lanes between Asia and Europe, the carriers announced Tuesday.

Japan and India will put a free trade agreement into force on Aug.1, ushering in a new era of trade between the two giant economies by eliminating import tariffs on most products moving between the co

Six motor carriers that received subsidies from the Port of Los Angeles for the purchase of clean trucks may have to return some of the money because they did not comply with the requirements of the p

Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July.

Global Ports, Russia’s largest container terminal operator, plans to raise about $100 million for an initial public offering on the London Stock Exchange.

Japanese export ship orders rose for the 17th consecutive month in April year-over-year, increasing 9.4 percent to 912,142 gross tons, according to figures released by the Japan Ship Exporters’

Sammy Ofer, the billionaire Israeli shipping magnate and co-owner of ocean container carrier Zim, died today in Tel Aviv after a long illness. He was 89.

Sharp Electronics and Pier 1 fell back sharply in The Journal of Commerce rankings of the Top 100 Importers for 2010 in a sign of the ongoing impact of the retail industry’s inventory retrenchme

Bob Sappio, a veteran of 29 years at APL, will leave the company as the container shipping line extends a restructuring of its top management.

The Port of Los Angeles adopted a fiscal 2011-12 budget totaling $976.6 million, which projects operating revenues of $405.4 million and a capital budget of $291 million.

The U.S.

Maersk Line will operate scheduled services to the Mediterranean island port of Marsaxlokk, Malta Freeport Terminal confirmed.

Shippers are adjusting to slow-steaming by ocean carriers but want carriers to use some of the savings to reduce freight rates and improve customer service, according to a survey of 290 logistics exec

Mediterranean Shipping Co. will raise general rates on cargo shipped from northern European and Mediterranean ports to Canada and Mexico, effective July 1.

Neptune Orient Lines said Thursday it completed $1.1 billion in loan agreements and documentation with financial institutions providing financing for the 12 container ships the carrier ordered last ye

Horizon Lines, struggling in recent weeks to stave off a debt default, said Wednesday it has new agreements with bondholders to refinance the company's entire capital structure.

Philippine terminal operator ICTSI offered to buy all the shares of Portek International, a Singapore-based investment holding company that operates medium-sized container and multipurpose ports, for

Container volume moving through West Coast ports increased 7 percent in April compared to April 2010, with export growth outpacing import growth.

Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region. Effective June 1, the surcharge is $70 per 40-foot equivalent unit.

The International Chamber of Commerce is urging G20 leaders to push for conclusion of the Doha Round of trade talks and says a new report shows major nations are violating pledges to restrict protecti

Hanjin Shipping introduced an upgraded Supply Chain Carbon Calculator that enables a shipper to calculate CO2 emissions for transporting a container by period, multiple destinations and bill of lading

Copenhagen’s stock exchange said Wednesday it found no basis for concluding A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda shipping analyst last month.

Japan and Peru have a new free trade agreement to eliminate import tariffs on almost all products traded between the two countries within 10 years.

Japan’s exports to the rest of the world sank at an accelerated pace in early May in the wake of the devastating earthquake and tsunami that hit the country on March 11.

Horizon Lines says the New York Stock Exchange is warning the company faces possible delisting because its market capitalization and stockholder equity have fallen below NYSE criteria.

Container lessors spent an estimated $4 billion to acquire more than 1.6 million 20-foot equivalent units last year, according to the Institute of International Container Lessors.

Rising shipments from China fueled an 8.7 percent increase in U.S. containerized imports in April, PIERS data show.

Ocean container freight rates on the Asia-Europe shipping lanes have become more volatile since the European Union outlawed liner conferences in October 2008, Alphaliner said.

Ocean container volumes are projected to show solid growth at European ports in the coming six months after a weak first quarter, according to the Global Port Tracker: North Europe Trade Outlook&rsquo

Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy 50 percent of the French ocean carrier’s Malta Freeport container termina

Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks ending May 6 but average revenue per box fell back 4 percent to the lowest point

United Arab Shipping has a new $205 million loan facility to finance the acquisition of two container ships with capacities of 13,100 20-foot equivalent units.

Turkey’s bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to the test after the country’s general election on June 12.

American exporters are doing their part to meet the government’s goal of doubling exports in five years.

The value of U.S. international trade rebounded sharply in 2010 and is now only 6.2 percent below the peak realized in 2008 prior to the global recession. International trade to and from the U.S.

U.S. farmers and processors are gearing up for another big year of corn exports — in high-value solid and liquid form.

With the economy improving, at least one major importer and exporter thinks it’s time to focus on building supply chain models better designed to handle market volatility and allow carriers and

If the world were a better place, the U.S. Agency for International Development wouldn’t be among the top 100 U.S. exporters.

Companies that want to expand their export business should follow the advice newspaperman Horace Greeley gave 160 years ago: Go west.

Imports from Asia are largely responsible for making Long Beach the nation’s second-largest container port, but exports could lead that growth in the future, especially agricultural products.