Container Shipping News

Danaos, the Greek container ship owner, reported third quarter net income shrunk to $970,000 from $16.4 million a year earlier as it revealed an agreement to delay final payment on eight vessels it or

Hamburg Sud, the German liner company that specializes in the north-south trades, christened a new container ship on Monday in Callao, Peru.

Deutsche Post DHL swung to profit in the third quarter after a year earlier loss. The change was driven by surging ocean and air cargo volumes and “extraordinarily high” freight rates.

FedEx Trade Networks, pushing deeper into the ocean forwarding business, is adding five stations in Europe, including an office at the Port of Antwerp, the company announced Monday.

DP World filed an updated prospectus for a $5 billion bond program to fund expansion of the Dubai-based company's global container terminal network.

The NYK Altair, the newest in NYK Line's series of vessels with a reduced environmental footprint, served Hamburg over the weekend on its maiden voyage.

Mediterranean Shipping Co. will increase the surcharges for bunker fuel and currency on cargo between Europe and South Asia as of Dec. 1.

United Arab Shipping Company will launch a container service between the Indian subcontinent and North Europe in late November.

APL’s average revenue per container declined 2.8 percent in October from the month before, reaching its lowest point since June, as demand leveled off at the end of the peak ocean container shipping s

In the battle to win discretionary cargo destined for the Midwest, the competition among East and West Coast ports can be cutthroat.

Container ship lines enter the slack winter season hoping to stick with the formula that’s begun to reverse last year’s $15 billion in losses.

Shippers aren’t counting on the new, larger vessels coming into container ship fleets to change the balance of capacity and demand anytime soon.

When Gill Hicks was general manager of the Alameda Corridor Transportation Authority in the 1990s, the key to securing approval and funding for what was then the nation’s costliest freight infra

Zim Integrated Shipping Services will sell its minority stake in the Tin Can Island Container Terminal at the Port of Lagos to a new joint venture between China Merchants Holdings and the China-Africa

Zim American Integrated Shipping Services said it will upgrade its weekly fixed-day SAX service this month from the U.S. Gulf to the East Coast of South America.

Container volume at six major North European ports will increase 10.8 percent this year over 2009 despite a decline in the fourth quarter, according to the new Global Port Tracker: North Europe Trade

Containerized imports are slowing at the 10 major U.S.

The total volume of loaded containers moving through the Port of New York and New Jersey dropped 7.9 percent in September from August, making it the second month in a row of volume declines.

“K” Line said it will start offering more container slots between Honolulu and Asia next month on an existing service between Asia and the West Coast of South America.

Ocean carrier Matson’s operating profit surged 67 percent in the third quarter on 14 percent growth in revenue as the China trade boomed, supporting a 20 percent increase in parent company Alexander &

Container ship owner Costamare fell $100 million short of its maximum target in an initial public offering in New York.

Hanjin Shipping said it swung to a profit of $196 million in the third quarter ended Sept. 30, compared to a loss of $338 million in the same quarter of last year.

The Drewry Container Rate Benchmark fell 5 percent in the most recent week, leaving the spot market pricing measure down 23 percent from the year’s high point set three months ago.

The Federal Maritime Commission is seeking public comments and information to help in its three-year study of the effects of the European Union's repeal of ocean carrier antitrust immunity.

Yang Ming Marine, Taiwan’s second largest container line, posted a record profit and revenue in the third quarter, which ended Sept.

The American Trucking Associations and the Port of Los Angeles Tuesday asked the U.S. Court of Appeals for the 9th Circuit for an expedited hearing of their appeals in the port's clean-truck case.

Hanjin Shipping said it reached an out-of-court settlement in London with Sumitomo Bank of Japan and South Korean container-leasing company Unitas over who owns 5,900 disputed containers.

OOCL confirmed Tuesday that it has been using low sulfur fuel in Hong Kong since the beginning of the year as part of the Fair Winds Charter, a voluntary shipping industry initiative.

Port Manatee is set to receive $9 million from the U.S. Department of Transportation as part of the second round of the Transportation Investment Generating Economic Recovery grant program.

The volume of containers handled by the Port of Jacksonville increased 10 percent to a record of 826,580 20-foot equivalent container units in fiscal 2010 ended Sept.

Canadian National Railway and North America Stevedoring Company, a unit of Quebec Stevedoring, said they will soon build a multi-modal steel trans-loading facility in Chicago, to tap what is already t

CSAV said it will restart its services to West Africa next month with the introduction of the West Africa Explorer service between South Africa and Ivory Coast, Ghana, Benin, and Nigeria.

French ocean carrier CMA CGM is conducting trials of a new eco-container manufactured with non-wood composite flooring.

OOCL announced the second phase of its policy to drop chassis coverage as part of its services on Monday, adding seven cities to the areas where it will no longer provide equipment for trucking ocean

The Port of Charleston received its first ship in a joint service between North Europe, the U.S. Gulf and Mexico with the visit of CSAV’s Box Voyager.

Hamburg Sud is adopting the EquipmentRepair system from International Asset Systems to manage its global container maintenance and repair program.

OOCL introduced an application called Mobile Rates of Exchange on Nov. 1 that gives shippers access to inbound and outbound rates of exchange for a particular port from their cell phones.

With more large retail store chains demanding “greener” supply chains, Maersk Line is becoming the first shipping line to receive independent verification of its CO2 emissions data, vessel by vessel.

Breaking with other container lines in the World Shipping Council, the chairman and CEO of Mediterranean Shipping Co. in the U.S.

Mediterranean Shipping Co. will start charging a higher bunker adjustment factor next month on all cargo it carries on its Capricorn Service from Southeast Asia to Australia and New Zealand.