Container Shipping News

Two private equity groups have acquired a controlling interest in the world's largest owner-lessor of marine containers Triton Container International.

The TCP Paranagua Container Terminal received a call this week by the Maipo, the largest vessel ever to call at Brazil's third-largest container terminal.

CMA CGM swung to a net profit of $1.63 billion in 2010, from a year earlier loss of $1.4 billion, driven by higher cargo volume and freight rates and cost cuts.

Horizon Lines said it is in discussions to sell its logistics unit and expects to report lower fourth quarter results next Thursday.

Horizon Lines agreed to plead guilty and will pay $45 million in fines for antitrust violations in the Puerto Rico trade.

NYK Line plans to increase its trans-Atlantic freight rates on cargo moving in both directions as of April 1.

The Coast Guard is proposing changes in regulations to clarify the requirements for rebuilding Jones Act ships at U.S. shipyards.

Norway's Green Reefers, a refrigerated cargo ship operator, reported fourth quarter 2010 pre-tax losses widened to $24 million from $18.7 million a year ago on historically low spot freight rates, fla

Mediterranean Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.

The UK port of Southampton received government approval for a $130 million project that will enable it to handle the largest container ships.

Container shipowner Seaspan said it is negotiating to order up to 10 new ships that would carry up to 10,000 20-foot equivalent units each and have “an innovative design that focuses on improving load

United Arab Shipping Co. plans to move its U.S.

UPS is expanding its Preferred LCL Ocean Freight Service to 10 additional Asian ports, thus taking on a bigger role as NVO.

All Libyan ports and terminals have been temporarily closed amid violence in the North African country, CMA CGM said on Wednesday.

OOCL is joining CMA CGM’s India-Pakistan-Europe service as of April 1.

Japan and Mexico reached terms on which to revise their free trade agreement to further liberalize bilateral trade.

Japan posted its first trade deficit in 22 months in January as the cost of oil drove up imports.

French carrier CMA CGM will seek a general rate increase on the westbound trades from India to Europe, as part of what it calls a new rate restoration program.

APM Terminals boosted earnings 60 percent in 2010 from the previous year as profit from the disposal of a stake in China's Yantian terminal outweighed the loss of global market share.

Spot rates on a key trans-Pacific container route dipped 6 percent this week, their second consecutive weekly decline since the Lunar New Year, amid signs of market instability, Drewry Shipping Consul

Four Asian carriers plan to launch all-water bi-weekly service from Asia to the East Coast of South America, adding capacity on the trade route they already serve with a weekly service.

A.P.

German ocean carrier Hamburg Sud on Monday christened the Santa Isabel, the second of 10 sister ships, each with a capacity of 7,100 20-foot containers.

New Zealand's Lyttelton port closed after a 6.4 magnitude earthquake hit Christchurch, the nation's second largest city.

Port Metro Vancouver and Canadian Pacific Railway unveiled a "collaboration agreement" they say should improve productivity and reliability in moving goods through that major Canadian trade flow gatew

Hapag-Lloyd is aiming for an initial public offering in Frankfurt in mid-April with a target valuation of the company close to $5 billion, according to German press reports.

CMA CGM is handling a new cargo on its giant container ships—people.

Hamburg Sud and Chilean ocean carrier CCNI started direct service between the West Coast of North America and Le Havre on Feb.

CSAV and China Shipping plan to add a shared all-water service linking Asia and the U.S. East Coast via the Panama Canal.

Container shipping lines remain threatened by overcapacity that will peak soon before diminishing later this year as trade volume rises, Paris-based SeaAxis said in its quarterly report on container s

Container volume at all European ports will grow at moderate rates this year, though slower than in 2010, according to the latest forecast by Global Port Tracker: North Europe Trade Outlook.

London – Maersk Line formally announced a $1.9 billion order for 10 container ships with 18,000 TEUs on Monday, setting a new standard for scale in the shipping industry, and said it’s lik

It’s been a tough start to the year for global supply chain interests. Major winter storms throughout the U.S. have disrupted transportation.

Norway's GTB Invest purchased for $310 million two 13,100 20-foot equivalent unit vessels on order from Hyundai Heavy Industries, less than three months after taking delivery of its first box ship.

The Vallarpadam International Container Transshipment Terminal in India’s Port of Cochin began commercial operations Friday, a week after it was officially inaugurated by terminal operator DP World.

When CSAV announced a new service to the U.S. East Coast through the Panama Canal last month, the Chilean carrier was promising more than containerized cargo.

The 11 percent year-over-year growth East Coast ports recorded in container trade in the first 11 months of 2010, the latest period for which full numbers are available, appears strong on the surface

Talks between dockworkers and port employers to resolve a dispute over early retirement entered a fourth day Feb. 18 as both sides seek to avert fresh nationwide strikes.

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Dredging of U.S.