Container Shipping News

Pier 1 Imports is happy with its decision last year to pay above-market rates to struggling ocean carriers in exchange for stable rates and reliable service, the retailer’s chief executive offic

Container traffic from Asia to Europe surged by 56 percent in February from a year ago and was close to pre-recession levels, according to the latest figures from ocean carriers.

“K” Line, which operates the all-water AWE-4 service from East Asia to the U.S.

The NOL Group appointed two Singapore business executives with deep international management experience to its board of directors.

Container volume handled by the Port of Savannah jumped to 227,860 20-foot equivalent units in March, an increase of 32.5 percent over the same month last year, making March the fourth consecutive mon

Intermarine, the agent for Industrial Maritime Carriers and West Coast Industrial Express, said those carriers will adjust the bunker surcharges on all their services to or from South America, Mexico

MOL said Thursday it completed the concept for the third ship in its series of next-generation vessels, which it said will be technically feasible in the near future.

Engineering, procurement and construction firm Bechtel Corporation earned $30.9 billion in revenue during 2009, booked new work worth $20.3 billion and had a project revenue backlog of $82.1 billion,

Heavy-load carrier Dockwise has signed seven near-term contracts worth approximately $40 million for the transport of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane

Royal Wagenborg launched the 12th in a series of multi-purpose vessels late last month when Sofia Svartsjo christened the Arubaborg at Hudong -Zhonghua Shipbuilding in Shanghai.

Greek bulk shipowner Diana Shipping April 7 completed its $50 million investment in a previously announced project involving a company set up to acquire containerships.

In a sign of burgeoning U.S. trade demand, Evergreen Line plans to reintroduce a pendulum service covering the U.S.

The Department of Transportation is launching a formal marine highway program, announcing plans to fund the marine highway system through dedicated grants.

American Shipping Group, named Frank Peake as vice president Tuesday, and appointed Steve Hastings to succeed him as president of its affiliated company, Sea Star Line.

Cargo volume at major ports in India surged 5.68 percent in fiscal 2009-10 compared with a year earlier, the Indian Ports Association said in a statement on Tuesday.

Pirates attacked two merchant ships in the Gulf of Aden in the last two days, but both ships escaped.

Deliveries of new container ships are set to surge over the next three months, contributing to a near 10 percent growth in the global fleet in 2010.

HHLA, Hamburg's largest stevedore, is set to temporarily shutter one of its container terminals in response to a steep slump in cargo volume at Europe's third largest box hub.

The state-owned investment fund of the nation of Qatar is offering to pump $1 billion into financially-troubled CMA CGM to help bail out the world’s third-largest container ship operator, accord

Imports continue to gain traction at U.S. ports, with the container volume in April projected to increase 8 percent over the same month last year.

Tideworks Technology launched Intermodal Pro, a comprehensive terminal operating system for intermodal terminals.

Container throughput at India’s Port of Jawaharlal Nehru rose by 2.8 percent compared with the previous year in fiscal 2009-10 ended March 31, despite the slowdown in world trade.

MISC Berhad will open its own shipping agency in India as a joint venture with its existing third party agent, Crescent Shipping Agency India Ltd.

Hanjin Shipping introduced a new electronic booking system on Monday that it has been developing for the last two years in cooperation with Cyberlogitec and IBM GBS.

What a difference a year makes.

The U.S. Supreme Court is expected to unsnarl a tangle that leaves carriers and cargo owners questioning who should be liable for damages on cargoes shipped from a foreign port.

Container ship charter rates are rebounding from all-time lows as ocean carriers lease more vessels to cope with an unexpected rush of cargo on long-haul trade routes.

Container terminal operators in Los Angeles-Long Beach have taken their lumps over the years because of congestion problems, but they have also been innovators in reducing gate delays through the Pier

The marine highways concept has a number of selling points.

Customers should find the billing and invoicing process a lot more efficient — and accurate — at the world’s largest ocean container carrier when Maersk Line completes an overhaul of

London - A court barred a walkout by nearly 6,000 signal workers in what would have been the UK's first national rail strike in 16 years.

Mediterranean Shipping Co. will increase rates on exports from all the U.S. ports it serves as of May 1.

MOL, the only one of the three big Japanese shipping lines to project a profit in its 2009 fiscal year ended March 31, is setting a goal of generating revenue of $1.066 billion in fiscal 2010, ending

Hapag-Lloyd will seek a general rate increase on all cargo moving from India to the U.S. East and West Coasts, effective May 1.

Transportation interests agree that West Coast ports are well-positioned to capture a significant share of the cargo growth that will occur in the coming years, but they emphasized that the ports must

HHLA, Hamburg's largest stevedore, said earnings tumbled 55 percent in 2009 from a year ago as container traffic through Germany's biggest box port shrunk by a third.

Maersk Line will start imposing a $10 fee for “no-shows” on every container that shippers book for export on one of its trans-Pacific services that does not show up at the ports of Los Ang

A number of Asian carriers significantly trimmed the number of containerships they own over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets, according to Alp

U.S.

Ship charter company Danaos swung to a $16.2 million loss in the fourth quarter of 2009 from a $23.8 million profit a year ago but reported stronger demand for larger vessels since the beginning of 20