Container Shipping News

Ron Widdows, president and chief executive officer of NOL Group, and John Hemingway, chief executive officer and president of SSA Marine/Carrix, have been chosen as recipients of the 2010 Connie Award

A.P.

CMA CGM reached agreement with five South Korean shipyards that were building its orders for 42 new containerships to postpone delivery of 30 vessels that had been scheduled for delivery in 2010 throu

Automotive and hardware retailer Pep Boys will pay $5 million in civil penalties under a settlement in what the Environmental Protection Agency says is its largest case ever involving imported vehicle

CMA CGM and Maersk Line plan to launch a new weekly service in time for peak season, reflecting the recovery in demand on one of the world’s largest trade lanes.

Hyundai Intermodal, a unit of Hyundai Merchant Marine, will switch from Norfolk Southern to CSX Transportation as its eastern-U.S. railroad partner beginning June 1.

A consortium of Hanjin Shipping, Hyundai Merchant Marine, Yang Ming Line and United Arab Shipping Company will launch a container service between Asia and Southern Europe, starting at the end of May.<

Container ship charter rates are rallying strongly, growing an average of nearly 27 percent for some vessels in the past month, as ocean carriers scramble for extra capacity amid a strong rebound in c

Container traffic between China and the British Columbia port of Prince Rupert soared in the first quarter of this year, up 87.3 percent from the same period last year, the Prince Rupert Port Authorit

London Thamesport took delivery of a new ship-to-shore gantry crane manufactured by Zhenhua Port Machinery Company of Shanghai.

Hanjin Shipping lost $118 million in the first quarter ended March 31, down from the $191 million loss it suffered in the first quarter last year, and substantially lower than the $239 million it lost

Terminal operator Euroports Holdings testifies to the potential of breakbulk cargo, having in just four years built up a business with 2009 revenues of about US$675 million from handling 55 million me

Breakbulk may be the Cinderella cargo on the European waterfront as ports struggle to emerge from the deepest recession in a generation.

Heavy-load carriers, like their breakbulk brethren, are adding lift capacity, flexible hold configurations, specialized dynamic positioning systems and other complicated and customized fixtures to the

Shipowners or operators who pay ransom to Somali pirates could face U.S. civil penalties or criminal prosecution under a White House &ldquo;Executive Order concerning Somalia.&rdquo;

Ease of trade is as important as tariff reductions when it comes to helping a developing country boost its imports and exports, according to a recent report from the World Bank.

The breakbulk sector of the shipping industry, as fragmented as the view through a kaleidoscope, has always been opaque and difficult to quantify.

For generations, unloading tropical fruits from incoming ships and reloading them onto land-based transportation has been a labor-intensive, low-technology business, even at modern European ports such

In early May, super heavy-lift carrier Dockwise announced two awards for transport and installation projects and two for routine marine infrastructure transport.

The Port of Antwerp&rsquo;s bid to revive its breakbulk business suffered a serious setback with the loss of a 750,000-metric-ton-a-year contract.

The transportation sector in Chile has yet to fully recover after a major earthquake and tsunami struck the south-central region of the country two months ago.

Economists surveyed for the April issue of Consensus Economics expect G-7 and western European nations to require several years to climb out of the economic hole of 2009.

The industrial real estate market didn&rsquo;t drop as far or as hard as the housing market, but for much of the commercial property world, 2009 was a dismal year that saw property values, rents and o

Opportunity beckons in the Asian and Australian project cargo markets, and heavy-lift carriers including Coscol, SE Shipping and Austral Asia Line are positioning themselves to participate.

Water covers up to 75 percent of the Earth, but only a tiny fraction is fit to drink.

The transportation of wind energy components stalled out in 2009 along with other shipments in the project cargo sector, but the market is stirring back to life.

Reliance on a single cargo can be risky, but in the case of Conti-Lines, a focus on steel is helping speed the Antwerp-based multipurpose carrier&rsquo;s recovery from the global recession, according

Not too long ago, a &ldquo;heavy-lift&rdquo; cargo referred to a piece weighing as much as 100 tons.

Project forwarders today are finding themselves shouldering an increasing level of risk compared to the rest of the supply chain, logistics executives concur.

Conti-lines dates back to 1923. The Antwerp-based vessel operator was originally known as Continental Lines and operated two vessels in a service between Antwerp and London.

The Port of Galveston wants to get back into the container business.

The idea that roll-on, roll-off carriers might be infatuated with high and heavy cargo is not a new one, but it has happened again.

The world economy is clearly recovering, according to the International Monetary Fund, but some regions are revving up much faster than others.

Jumbo Offshore, a division of Jumbo Shipping, recently completed a short series of tests of its installation capabilities in fast tidal current velocities.

It certainly isn&rsquo;t the first time ocean carriers and importers have disagreed, and it won&rsquo;t be the last, but the outcome could determine the fate of U.S.

In these imprecise economic times, the future of the breakbulk and heavy-lift shipping sector is as difficult to determine as the direction of the wind.

Heavy-load carrier Dockwise suffered a net loss of $3.4 million (before non-recurring items) on revenue of $95 million for the first quarter.

Malaysian carrier MISC Berhad on Friday reported its profit before tax in the fourth quarter ended March 31 rose 49.3 percent to $85.2 million mainly due to higher profits in LNG and offshore oil supp

Container shipments from Asia to Europe surged 20 percent in the first quarter from a year ago as the rebound in traffic that started in the final three months of 2009 continued into 2010, according t

A. P. Moller-Maersk sold its Premier Technical Plastics subsidiary to McCalmont Industries by means of a management buyout to its president Jim McCalmont.