Container Shipping News

Shipping research group Clarksons is forecasting worldwide container ship capacity will grow only 7 percent this year and 9 percent next year, a relatively low expansion despite large outstanding orde

MOL merged subsidiaries International Marine Transport and MOL Tankship Management, effective April 1.

TUI confirmed it is talking with potential investors about the sale of its stake in German ocean container carrier Hapag-Lloyd but did not reveal their identities.

Container traffic through India’s Port of Jawaharlal Nehru reached an all-time high in fiscal 2010-11 ending March 31, buoyed by a strong turnaround in the country’s foreign trade.

Crowley Maritime is restarting the second weekly service to Haiti from the Dominican Republic and South Florida.

Global ocean container traffic reached an all-time high of 560 million 20-foot equivalent units in 2010, driven by surging volume at Chinese ports, according to Alphaliner.

A senior official at CMA CGM says the world's third-largest container line will not participate in a freight rate

The Commissioner of Customs feels the partnership between his agency and the private sector has done a good job in extending cargo security beyond the borders, but more must be done to streamline the

Onyx Investments, an Omani government-owned sovereign wealth fund, took a 15 percent stake in Hapag-Lloyd, an official at the parent company of Onyx said on Monday.

Paragon Shipping unveiled plans to raise almost $200 million through an initial public offering of shares in its recently established container ship unit Box Ships, Inc.

The United Kingdom's Freight Transport Association unveiled a standard maritime contract on Monday the shipper-focused group believes can bring more structure to shipper-carrier relationships that hav

"K" Line, which already owns 50 percent of German heavy-lift carrier SAL Group, reached agreement to acquire the remaining 50 percent by the end of June.

APL’s container volume increased 12 percent in the four-week period from Feb 12 to March 11 compared to the same period last year, APL parent Neptune Orient Lines reported Monday.

Pacer International named Daniel L.

Japanese and foreign shipping firms urged the Japanese government to take further action to minimize the effects on their business of radiation fears amid the

The Port of Baltimore will get a leg up on many East Coast competitors next year when the new berth at the port’s Seagirt Marine Terminal opens two years ahead of schedule.

The trans-Atlantic shipping business is the epitome of a mature market.

When the 2008-09 global economic and trade recession sent ocean shipping freight rates for U.S. imports of Asian goods spiraling, it drove several carriers to the brink of bankruptcy.

Horizon Lines expects to default on its debt covenants this year, a development the company’s accountant says raises “substantial doubt” about the largest U.S.

A consortium led by APM Terminals, the terminal-operating division of A.P.

A Taiwanese company must pay $1 million in fines and penalties after pleading guilty in U.S.

Danaos secured fresh funding of $818 million to complete a comprehensive financial restructuring of the charter container shipowner.

APL will begin radiation scanning next week of containerized Japanese exports delivered to the shipping line’s marine terminal in Yokohama for transport on APL vessels.

Grand Alliance members Hapag-Lloyd, NYK Line and OOCL, together with alliance partner Zim Integrated Shipping Services, are teaming up with Hyundai Merchant Marine to launch an all-water service from

Trailer Bridge, hurt by falling charter and Puerto Rico business, reported a loss of $2.9 million in the fourth quarter of 2010, pushing the debt-saddled company to a $2.3 million loss for the full ye

Eight of the 14 container terminals at the Los Angeles-Long Beach ports, pointing to slow cargo volume since the Chinese New Year, have suspended one off-peak gate per week until demand picks up.

Mediterranean Shipping Co. is adding $240 to $400 per container to its rates from North America to Europe, the carrier's second general rate increase on the trans-Atlantic in a month.

The port of Antwerp, Europe's second largest container hub, said it is taking "heightened precautions" over ships arriving from Japan that may have been contaminated by radioactive fallout from the

Horizon Lines said it is trying to refinance its debt to avoid an expected default and would not comment on a Bloomberg News report quoting unnamed sources as saying the largest U.S.

Evergreen, Zim Integrated Shipping Services and China Shipping Container Lines will launch a joint Asia-Europe service at the end of April, the carriers announced Thursday.

HHLA, Hamburg's biggest stevedore, forecast 10 percent growth in container traffic this year following a 19 percent increase in 2010.

Having weathered seven years of environmental challenges and the worst economic downturn in the history of containerization, the ports of Long Beach and Los Angeles are ready to grow.

Four Asian carriers are teaming up in a joint service from North Asia to Long Beach in early April.

Horizon Lines has no plans to sell any of its container liner services as it seeks to restructure its finances to avoid an expected default on its debt this year, the company's chief executive said.

Hamburg Sud North America and Hamburg Sud subsidiary Alianca plan to stop providing chassis to shippers moving cargo with merchant's haulage through Baltimore-area terminals and depots as of May 1.

Zim Integrated Shipping Services rebounded to a $54 million net profit in 2010 from a $432 million loss a year ago driven by increased cargo volume and higher freight rates.

Advocates for improved goods movement on Tuesday called for a national freight policy, improved connectors to ports, and a dedicated office within the Department of Transportation.

Crowley Maritime appointed Carl Fox as senior vice president of corporate services as of June 1.

The CMA CGM Columba became the largest container vessel to call at a Vietnamese port when it participated in the inauguration of the new Cai Mep International Terminal.

Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific Northwest, starting April 22.