Container Shipping News

Norway's Wilh.

United Arab Shipping Company finalized a $302 million loan facility to finance the acquisition of three remaining container vessels of 13,100 20-foot equivalent units capacity.

Container traffic through Savannah posted a year-to-year gain of 5 percent in January while the port’s intermodal rail traffic posted its second-best month ever, with 25,877 moves.

DB Schenker is setting up a logistics center in Leipzig, Germany, to supply auto components to BMW car plants in China and South Africa in one of the company's largest ever projects.

APL’s parent company reported fourth quarter net earnings of $177 million, reversing last year’s losses and pushing 2010 net profit to $461 million, but warned of “uncertain” market conditions.

Mediterranean Shipping Co. announced new rate increases for U.S.

Owners of GE SeaCo, which operates the fifth-largest container leasing fleet, are seeking a sale that puts the company's enterprise value at about $2.5 billion, the Financial Times reported.

Japan and India will sign a free trade agreement Wednesday to eliminate import tariffs on most products traded between the two giant Asian economies, the Japanese government announced Tuesday.

Shipping on the river Rhine River in central Germany returned to normal Monday, Feb. 14.

French dockworkers and port employers Feb. 15 began negotiations aimed at resolving a dispute over pensions that has provoked rolling nationwide strikes since the beginning of the year.

Ocean container carriers will boost capacity between the Far East and the U.S.

Import cargo through the nation’s 10 busiest container ports is expected to increase 6 percent during the first half of this year, the National Retail Federation and Hackett Associates said in t

Container ship owner-charterer Rickmers Maritime reported a 31 percent increase in fourth quarter net profit and said it reduced its bank debt by 13.5 percent last year amid a strengthening container

New York state officials agreed to a 20-month delay of stringent rules governing discharge of ballast water from ships entering and exiting the Port of New York and New Jersey.

China is in negotiations over the construction of a rail link across Colombia to rival the Panama Canal.

When Charleston, S.C., Mayor Joe Riley got a few precious moments in front of President Obama at a U.S.

A year after the trans-Pacific slack season turned into anything but that, harbor truckers in Southern California are bracing for the slowdowns that come at marine terminals operating with reduced gat

Trouble is brewing in the trans-Pacific trade in the form of Chinese inflation, especially in the main southern manufacturing centers, that shows no signs of slowing.

They are both good ol’ boys from the Southeast who returned to native ground after years afield to take on new jobs a little more than a year ago running the two biggest ports in the South Atlan

American consumers are coming out of hibernation just in time for spring contract negotiations between trans-Pacific carriers and shippers.

A year ago, Customs and Border Protection promised to take a new route to completing the Automated Commercial Environment.

Importers would see a 60 percent increase in transportation taxes if Congress approves a measure aimed at raising revenue for national freight transportation.

DP World inaugurated the Vallarpadam International Container Transshipment Terminal in India's Port of Cochin Friday.

The Port of Oakland is working with the private sector to increase container volume for the benefit of the entire community, Executive Director Omar Benjamin said Thursday.

The Federal Rail Administration approved an $83.7 million loan for the Alameda Corridor Transportation Authority that should delay until late 2012 the need for assistance from the ports of Los Angeles

Dockworkers called off their strike at India's Port of Cochin Feb.

French dockworkers Feb. 10 suspended a six-week-long campaign of strikes after port employers agreed to resume negotiations on union demands for early retirement.

The French holding group Bollore is looking to invest $150 million in a dry port in Guinea to ease shipment of goods through the country, the billionaire head of the conglomerate said.

DP World opened a new inland container terminal in ceremonies Thursday in Lahore, Pakistan’s second largest city.

Rep. Jerrold Nadler, D-N.Y., Wednesday introduced legislation to reduce truck pollution at container ports -- and to make it easier for the Teamsters union to organize harbor truck drivers.

Safmarine is introducing a direct service it calls FMX between the Far East and main ports in West India and Pakistan by offering slots it is buying on a service operated by Simatech, the Dubai-based

Maersk Line and Hapag-Lloyd entered a slot swap agreement for services from the Mediterranean to the U.S. East Coast and Gulf Coast, effective March 1.

Hapag-Lloyd swung to an operating profit of $133 million in the final quarter of 2010 from a year-earlier loss of $211 million as rising cargo volume and sharply higher freight rates accelerate plans

The widening of the Panama Canal in 2014 could establish South Florida as a gateway for Asia cargo moving to the Southeast, said James Hertwig, president and CEO of Florida East Coast Railway.

India’s Port of Cochin was at a standstill for the seventh consecutive day on Tuesday as port terminal authorities and unions failed to find an amicable solution to labor concerns despite intense nego

Contract negotiations resumed this week in Vancouver between the International Longshore and Warehouse Union Canada and the British Columbia Maritime Employers Association following a government-manda

The Federal Maritime Commission's inquiry into the effects of slow steaming on the maritime marketplace is officially under way. The commission announced the study at its meeting Jan.

Global Ship Lease filed a shelf registration statement with the Securities and Exchange Commission for the sale of up to $500 million in shares of its stock.

The port of Hamburg increased container traffic almost 13 percent in 2010 from the previous year, driven by booming German exports, rising imports from Asia and strong growth on feeder services to the

Container throughput at India’s Port of Mumbai surged 31 percent year-over-year in the April-January period, the port authority said Tuesday.