Container Shipping News

The Indian Shipping Ministry said it plans to augment the country's overall port capacity from the current 1 billion tons to 3.5 billion tons over the next 10 years.

Two terminals in the largest Danish port of Aarhus are merging their facilities into one contiguous deepwater berth with one set of truck gates and dedicated rail service.

The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressure on ocean freight rates, according to a leading industry analyst.

President Obama will sign an executive order to establish a center for coordinating export control enforcement, the White House said Monday.

NYK said Monday it will increase freight rates on containers moving in both directions on its trans-Atlantic services as of Oct. 1.

Thessaloniki, Greece's second largest port, boosted first half container traffic 5.3 percent from a year ago to just over 155,000 20-foot equivalent units.

OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia.

Environmental, community and labor organizations Friday praised the decision by a U.S.

The largest container ship ever to call the Port of Savannah arrived Friday.

The American Trucking Associations plans to appeal the ruling of U.S.

Maersk Line on Friday said it resumed bookings of all cargo for direct loading via the Port of Jawaharlal Nehru (Nhava Sheva), India's busiest container gateway.

The U.S.

Maersk Line said it will go ahead with a previously announced general rate increase on all container cargoes shipped across the North Atlantic in the fourth quarter.

The European Union opened an anti-trust investigation of marine insurance agreements among shipowners to check whether they are blocking rivals from the market.

Norway's Green Reefers, a leading carrier of palletized refrigerated cargo, blamed low spot rates, Russia's six month ban on U.S.

Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebou

Container shipping lines have rebounded from a disastrous 2009, but their fortunes will “change quite dramatically” later this year as vessel capacity continues to rise, warns a new report

The Federal Maritime Commission on Tuesday announced the investigation of a Chinese non-vessel-operating common carrier for violations of the Shipping Act.

Cosco and China Shipping Container Line, which operate China’s two largest container carriers, have joined the parade of ship lines that have returned to profitability after losses in 2009.

German ocean container carrier Hapag-Lloyd will mull plans to issue a $630 million corporate bond and extend existing credit lines at a meeting of its supervisory board on Thursday, according to Finan

Georgia's Port of Savannah reported the busiest month for container shipments in its history in July, with 251,126 20-foot equivalent units moving through the port in an accelerating shipping rec

Orders for big-ticket manufactured goods rose 0.3 percent in July but only because of a 76 percent jump in sales of commercial aircraft, the Commerce Department said.

The Indian Shipping Ministry agreed to temporarily relax cabotage regulations to allow foreign shipping lines to transport containers between the ports of Jawaharlal Nehru (Nhava Sheva), Mumbai, Mundr

Forth Ports, the UK’s only listed ports operator, increased first half profits 29 percent from a year ago on strong container growth and cost cuts.

Clarksons, the world’s biggest ship broker and shipping services company, boosted first half pre-tax profit 49 percent, driven by a recovery in shipping markets as a result of increased international

Japan's exports grew for the eighth consecutive month in July, but the pace of that growth slowed for the fifth month in a row as the yen gained strength and the global economic recovery faltered.

Cosco Pacific said its net profit for the first half jumped 81.7 percent as its container terminal volume increased and the company booked an $84.7 million gain from selling its stake in Cosco Logisti

The Port of North Dakota on Monday shipped its first container load of agricultural commodities to international markets.

CMA CGM is negotiating with a Lebanese group about investing in the French ocean container carrier, according to French press reports.

Ocean carriers that were trying to delay deliveries of ships a year ago are now pushing shipyards to bring forward construction dates as confidence returns to container shipping, according to a leadin

Sales of previously occupied homes fell more than 27 percent last month to the lowest level in 15 years, the National Association of Realtors reported.

China-based ports investor Cosco Pacific said its Piraeus container terminal, acquired in the face of fierce opposition includ

E-commerce provider Inttra said its ocean shipping transactions surged 33.8 percent in the last 12 months and now total more than 350,000 container transactions a week.

Direct ChassisLink, which Maersk set up last year as neutral provider of chassis to truckers, said it will extend service to California and other southwestern U.S.

China Shipping Container Lines, Hanjin Shipping, CMA CGM and Hyundai Merchant Marine will launch a direct joint service from Asia to Mexico and the West Coast of South America, starting on Sept.13.

Nippon Express, Japan's largest freight forwarder, last week opened a representative office in Bangladesh, expanding its global logistics network with a foothold in the growing Southeast Asian export

Container ship charter rates are still climbing through the summer as ocean carriers compete for increasingly scarce tonnage to keep pace with surging cargo volume on key routes from Asia to North Ame

The trans-Pacific shipping recovery so far has sailed past the Port of Tacoma, but the Pacific Northwest port’s new executive director insists Tacoma will be ready to draw in new business.

In two years, the first of 10 small container ships are to begin shuttling international containers between major East Coast ports and smaller ports ranging from Maine to Texas.

Just when North American intermodal cargo handlers were getting used to the idea that domestic rail-truck combination moves might catch up to ship-to-train international business, this year’s se