Container Shipping News

“K” Line, which expects to post a loss for the fiscal year ending March 31, said Friday it will issue a public secondary stock offering on the Tokyo Stock Exchange later this month to rais

Five shipping lines are setting up a new vessel-sharing agreement that will start service in April between Asia and the East Coast of South America via South Africa.

Norwegian ship-owners Feb. 12 won a legal victory against the government's bid to raise $3.8 billion in back taxes.

Ocean container freight rates are surging on key Asia-Europe trade routes as traffic rebounds from a year-long downturn and carriers cull capacity.

Archer Daniels Midland Co.

The German government is pressing South Korean shipyards to delay deliveries of container vessels to financially troubled German ship-owners.

Neptune Orient Lines reported losses on Thursday for the fourth quarter and full year 2009 as revenue and freight rates plunged for most of the year before volumes and vessel-utilization started ticki

Mitsui O.S.K. Lines upgraded its fiscal year 2009 business outlook due to stronger demand for container and bulk shipping services as global economic conditions improve.

The steep rise in the Drewry Container Rate Benchmark for shipping a 40-foot container from Hong Kong to Los Angeles came to an end in the week ended Feb.

OOCL will implement a general rate increase for all dry and reefer cargoes leaving Hong Kong, Macau and South China for shipment to Canada.

Crowley Maritime announced two management appointments Tuesday in its Puerto Rico/Caribbean liner services group.

Evergreen Line on Monday announced a two-tier rate increase on the westbound trans-Atlantic trade in similar increments that will take effect on July 1 and October 1.

Trailer Bridge swung to a profit of $1 million in the fourth quarter ended Dec. 31 from a loss of $1.1 million in the same quarter of 2008.

The member lines of the Oceania Vessel Sharing Agreement (Hamburg Süd, Hapag-Lloyd, Maersk Line, and ANL-USL) are planning to add an additional vessel to the weekly Pacific Southwest String (PSW)

Mediterranean Shipping Co.

A non-vessel-operating common carrier is complaining to the Federal Maritime Commission that an interrelated group of competitors is violating the Shipping Act by operating without a license, tariff o

Import cargo at the top North American container ports will grow 25 percent in the first half of 2010 compared to the same period last year, demonstrating that a sustained trade recovery is under way,

Container ship charter rates are rising after two years of steep declines as ocean carriers seek extra tonnage in response to higher cargo volume on key liner trade routes.

Rickmers Maritime Trust, the Singapore-based containership owner, reported fourth quarter net income more than doubled from a year ago as it continued refinancing negotiations with its banks.

OOCL said on Monday it will impose a general rate increase on westbound trans-Atlantic cargo as of April 1.

Hapag-Lloyd, the world’s sixth-largest container carrier, is set to move from financial intensive care into operational convalescence.

INTTRA, the Internet portal for ocean freight, is evolving into a commercial entity, churning out products for new markets with the help of a capital infusion from an investment group taking a majorit

There’s room to park around the Port of Baltimore, and that’s a good sign for shipping.

China, the largest market for U.S. chicken exports, plans to impose anti-dumping tariffs of up to 105.4 percent on U.S. broiler chicken imports, starting Feb.

The port of Hamburg lost significant market share to close rivals Rotterdam and Antwerp last year as cargo traffic crashed more than 21 percent from 2008 and container volume shrunk by even more.

Commerce Secretary Gary Locke today unveiled details of President Obama’s plan to double U.S. exports within five years to $3 trillion while creating 2 million U.S. jobs.

Hanjin Shipping will raise rates on Canadian exports to Asia effective March 1, the company announced Thursday.

Truck drivers at India’s Port of Chennai began a sudden strike Wednesday night, threatening serious delays to cargo moving through the country’s southeastern maritime gateway.

Hanjin Shipping, the new company that runs the South Korean company’s shipping operations, said Thursday it lost $26 million on revenue of $573 million in the month of December, its first full m

Roll-on, roll-off maritime traffic declined even more last year than container shipping, but ro-ro carriers avoided a bloodbath in rates because of the extensive use of multi-year contracts in the bus

Alexander & Baldwin said Wednesday that its Ocean Transportation unit, Matson Navigation, earned a fourth quarter operating profit of $13.5 million, which was down 36 percent from the $21.1 millio

Savannah, the United States’ fastest growing container gateway, is rolling out a series of new environmental initiatives aimed at reducing pollution even as the port adds cargo handling capacity

The spot rate for shipping from Hong Kong to Los Angeles leaped by 20.5 percent to more than $2,000 per 40-foot container over the past week, according to Drewry Shipping Consultants.

CMA CGM on Feb. 2 received an $80 million cash injection from its banks as it continues negotiations over restructuring its $5.6 billion debt.

The Antwerp Port Authority and its port community are launching a new campaign to attract more breakbulk trade to the port.

LONDON -- The number of idled container ships registered its first significant decline in more than a year in January, with almost 50 vessels returning to service over the past month as ocean carriers

Container throughput at the Port of Montreal declined by 15.3 percent in 2009, as the number of full and empty containers handled by the port fell to 1,247,690 20-foot equivalent units.

Germany’s federal cartel office gave antitrust approval for an inland container terminal joint venture between the nation’s top two rival stevedores.

Container traffic through France&rsquo;s Port of Marseilles Fos rose by 4 percent during 2009, bucking the port&rsquo;s overall 13.3 percent decline in tonnage volume, the port authority said Monday.<

DP World said on Sunday its new container terminal at Hiep Phuoc, near Ho Chi Minh City, had opened last year.