Container Shipping News

The Shanghai Shipping Exchange says “general derogatory remarks” about the exchange and Shanghai Containerized Freight Index suggest the operation is misunderstood in the West.

Rising competition for China’s apparel and footwear manufacturers is showing up in U.S. containerized imports.

Trailer Bridge reported a first quarter net loss of $10.4 million, compared with $300,000 a year earlier, and said its efforts to refinance $82.5 million in bonds due in November “may include an

The number of grain barges unloading at New Orleans in recent weeks has dropped 14 percent from average levels for this time of year, the U.S.

Combined imports and exports at Los Angeles and Long Beach, the busiest U.S. container ports, rose 7.2 percent in April from a year earlier, led by a 7.8 percent gain in exports.

Kirby Corp., a major U.S.

Volkswagen will import auto parts for its new manufacturing plant in Chattanooga, Tenn., through the Port of Savannah, the Georgia Ports Authority said.

United Arab Shipping Company expanded its Asia-Europe Service 1 with a direct call at Jebel Ali, a major transshipment hub in the Middle East.

Growth in import cargo volume at the U.S.’s 10 busiest container ports is expected to level off until the annual peak season begins in August, the National Retail Federation and Hackett Associat

The Federal Maritime Commission wants to learn more about the nascent container freight index and derivatives markets. Chairman Richard A.

The Coast Guard, bracing as Mississippi River floodwaters spread south, was preparing Friday to restrict vessel traffic at the Port of New Orleans if the river rises another half-foot at the city, but

Tay Yoshitani believes that each port is unique, and the role of the chief executive is to ascertain a port’s strengths and build upon them.

NOL Group, parent of container ship operator APL, lost $10 million in the quarter ending March 31, as rising fuel prices and lower-than-expected demand ate up the strong revenue growth.

India&rsquo;s exports surged nearly 35 percent year-over-year to $23.9 billion in April, the first month of fiscal 2011-2012, according to provisional trade figures released by the Commerce Ministry.<

&ldquo;K&rdquo; Line appointed Jiro Asakura as its new CEO and president Friday, taking the place of Kenichi Kuroya, who resigned from that position.

CSAV&rsquo;s container volume increased by 48 percent in the first four months of 2011, the Chilean carrier said Thursday.

Norway&rsquo;s Wilh.

APM Terminals signed a 30-year concession contract with the Peruvian government Thursday for the development and operation of the multi-purpose Terminal Muelle Norte at the Port of Callao.

The Panama Canal Authority received six proposals Tuesday from design and engineering companies or consortia around the world for the design of the first-ever bridge on the Atlantic side of the waterw

Japan&rsquo;s exports to the rest of the world are still sinking in the wake of the devastating earthquake and tsunami that hit the northeastern part of the country on March 11.

Two Japanese international freight forwarders expanded their operations into Indochina, a Southeast Asian region sandwiched by two Asian giants -- China to the east and India to the west.

The International Longshore and Warehouse Union has a reputation of militancy, but a Southern California union official said recent history shows the ILWU is a collaborative partner of the West Coast

Hanjin Shipping lost $28 million on container operations in the first quarter, compared with $23 million a year earlier, as rising fuel costs offset a 19 percent increase in container revenue.

NYK will charter another four vessels with capacities of 13,000 20-foot equivalent units from OOCL under a new agreement between partners in the Grand Alliance service network.

India&rsquo;s Tariff Authority for Major Ports ordered a 35-percent reduction in the scale of rates currently applied by Chennai Container Terminal, a DP World-managed facility.

French ocean carrier CMA CGM is in talks over the sale of a minority stake in Malta Freeport Terminals, one of the largest container transshipment hubs in the Mediterranean.

Hapag-Lloyd announced general rate increases effective July 1 for all cargoes and container types for the North Atlantic and Europe-Mexico shipping lanes.

Hapag-Lloyd fell to a $31.8 million loss after interest and taxes in the first quarter despite an improvement in operating results and the German ocean container carrier said it would seek new rate in

The members of the Caribbean Shipowners Association are postponing the scheduled increase in their bunker surcharge from Sunday, May 15 to Sunday, May 29, 2011.

Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners and Operators Association, plan to increase rates by $100 per 20-foot equivalent units.

OOCL is adding vessels to its two weekly services on its SBX network among Baltic ports this month.

Costamare, the acquisitive NYSE-listed container ship owner, ordered five vessels for long-term charter to Taiwanese ocean carrier Evergreen.

Dubai&rsquo;s DP World said it is on track to list its shares on the London stock exchange within a month as it announced first quarter throughput jumped 12 percent from a year ago.

Maersk Line said it will increase rates on cargo shipped from India and Sri Lanka to East Africa.

A.P. Moller-Maersk boosted first quarter net profit 82 percent from a year ago to $1.2 billion, driven by higher container freight rates, growing shipping volume and rising oil prices.

Ocean container lines may take another year or longer to complete the process of dropping chassis from the U.S.

Maersk Line is increasing its emergency risk surcharge for transporting containers through the pirate-infested waters vof the Gulf of Aden and the Indian Ocean.

The Panama Canal Authority and the Soy Transportation Coalition signed a memorandum of understanding aimed at fostering and forecasting trade flows in a major U.S. agricultural export commodity.

Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, took delivery on Tuesday of its third vessel and placed the ship with Chilean carrier CSAV.

Container ship owner-charterer Seaspan took delivery of its 60th ship, which has been chartered to &ldquo;K&rdquo; Line.