Container Shipping News

Hanjin Shipping, which operates five Asia-North Europe loops jointly with CKYH, said it will skip one loop in January and plans to skip more voyages on the other four loops to adjust capacity to lower

The port of Marseille is clearing a backlog of more than 60 ships after dockworkers at the Fos-Lavera oil terminal ended their month long strike over working conditions.

Japanese forwarder Yusen Logistics said its net profit surged 756.4 percent in the six months ending Sept. 30 from a year earlier to $26.4 million as economic recovery in Asia outpaced sluggish U.S.

APL will launch weekly intra-Asia service this month linking China, Indonesia, Malaysia, Singapore and Thailand.

There’s some shipping magic in the Magic City.

For an office at the heart of the federal government’s effort to harmonize international trade compliance and enforcement, Customs and Border Protection’s Commercial Targeting and Analysis

Cai Lan International Container Terminal, a joint venture between Cai Lan Port Investment Joint Stock Company and Carrix, entered into a loan agreement with a consortium of lenders and plans to move f

China Shipping Container Lines reported third quarter net profit of $322 million as revenue more than doubled to $1.7 billion.

China Cosco Holdings said it had third quarter net profit of $314 million, compared with a loss of $106 million a year earlier, as higher container volume and rates offset weakness in the company’s bu

Japan’s three largest ocean carriers raised their profit forecasts for the next six months as they reported improved results for the July-September quarter.

Shipping Corporation of India substantially increased profit in the second quarter by eliminating losses from its container operations and markedly improving gains in bulk operations.

CMA CMA added a new import call at Rotterdam on its recently launched French Asia Line service in a move it says will cut transit times between Asia and North Europe.

France's sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, an FSI spokesman said on Thursday.

Hapag-Lloyd will start using a fuel-saving system designed by Eniram, a Finnish software and engineering firm that provides dynamic decision support systems for the shipping industry.

CMA CGM's Victory Bridge's upgraded service will start calling at the Port of Miami in November, providing a new service linking North Europe to the U.S.

Maersk Line, Limited, the U.S. subsidiary of A.P. Moller-Maersk, will help implement a U.S.

Container shipping is likely to see “moderation” in container freight and charter rates until at least 2013 as capacity rises faster than demand, Seaspan Corp. CEO Gerry Wang said.

The Colonel’s Island Terminal in the Port of Brunswick recorded its highest tonnage volume ever in the fiscal year ended June 30, 2010, as agri-bulk and automobile shipments rebounded from the 2009 re

A marine terminal executive at the Port of New York and New Jersey questioned whether the port’s infrastructure will be ready to handle larger ships that may come to the port with the expansion

U.S.

Cosco Pacific, the third-largest terminal operator in Asia, more than doubled its profit in the third quarter because of the revival in container volume and higher freight rates.

Canadian customs broker Livingston International, looking for leadership to expand its business in North America, named former Maersk Inc. Chairman John Clancey chairman of the board of directors.

Hapag-Lloyd plans to raise an additional $210 million from private investors as a part of a refinancing following strong demand for the German ocean container carrier's $700 million bond issue in earl

Shipyards are due to deliver 278 container ships of 1.42 million 20-foot equivalent units capacity in 2010 following record deliveries in the third quarter, a leading analyst forecast.

Braemar Shipping Services, the UK-based provider, on Tuesday reported its pre-tax operating profit increased 3 percent to $11.4 million for the six months ended Aug.

Horizon Lines said Monday it will add some 12,500 new containers to its international and domestic shipping network to support the launch of its new weekly liner service between China and the U.S.

Fesco, owner of Russia's biggest ocean container carrier, reported first half revenue jumped 34 percent from a year ago, driven by gains at its shipping, logistics, rail and ports units.

Demand for ship operators and freight traders remains strong in Europe and Asia, according the annual Maritime Employment Review for the commercial shipping market published Monday by the Faststream R

Japan's exports to the rest of the world grew for the 10th straight month on a year-on-year basis in September, rising 14.4 percent to $72.14 billion, according to preliminary figures released by the

APL said Monday it will begin burning cleaner fuel in every vessel calling at the Port of New York and New Jersey.

DP World reported container traffic at its 50 terminals rose 14 percent in the third quarter from a year ago to return to the pre-recession peak of 2008.

Somalia-based pirates are holding a German project cargo ship they seized off the coast of Kenya — the second foreign vessel captured in the region in as many days.

Shipping, like life, has leaders and followers. Hanjin Shipping, South Korea’s largest ocean shipping company, falls comfortably into the ranks of the latter.

Mexico is trying to make itself more business-friendly, and it’s embarked on a 12-step program to do it.

Throughout its 33-year life, Hanjin has leveraged its growth through vessel-sharing agreements with other carriers.

1. Facilitate Mexican exports to Europe and Latin America by reducing the time it takes to get a certificate of origin, and simplifying the Eligible Products Register.

China may have risen to the top of the manufacturing universe, but it hasn’t been able to knock Singapore from its perch as the world’s largest container port.

Container ship line APL continues to make up lost ground. Parent NOL Group posted third quarter net profit of $282 million, a turnaround from a $139 million loss a year earlier.

Dagfinn Lunde is a long-term optimist and a short-term pessimist.