Container Shipping News

The average spot rate jumped 10.3 percent this week for shipping a 40-foot container from Hong Kong to Los Angeles, according to Drewry Shipping Consultants weekly survey of spot market prices paid by

Just eight days after raising the rates on eastbound cargo shipped from North Europe and the Mediterranean to Asia, CMA CGM announced a rate increase in the opposite direction.

A Maersk Line container ship, the Maersk Kendal, ran aground today at the Sebarok Beacon, less than a kilometer south of Sebarok Island and nine kilometers south of Singapore, the Maritime and Port Au

Distribution centers and manufacturing plants in the Ohio Valley will soon have two new intermodal options for moving their cargo to and from Asia.

Hanjin Shipping announced Wednesday a decision by the board of directors to divide the company into a holding company, Hanjin Shipping Holdings Co., Ltd., and an operating company, Hanjin Shipping Co.

Marad says the time has come to separate the liners from the bulkers.

The growth in the world container ship fleet will slow this year to the lowest rate this decade as ocean carriers defer deliveries of new vessels and boost scrapping of older tonnage to record levels.

Three of the world’s largest ocean carriers, looking to build on the momentum of price hikes that appear to be taking hold around the world, announced new rate hikes on global lanes Tuesday.

Shipping lines that carry U.S. exports to Asia will increase their bunker fuel surcharges on Oct.

CMA CGM and MAERSK Line are combining their respective Brazilian Express Service (Brazex) and North Coast Express (NCX) connecting the East Coast of South America to Central America and Caribbean, eff

The year long decline in Asia-Europe container traffic has slowed significantly, in a major boost for carriers attempting to push through higher ocean freight rates on the world's biggest liner trade.

MISC Berhad will upgrade its Halal Express Service linking the Far East, Southeast Asia, the Indian Subcontinent and the Middle East, effective later this month.

As container volume fell through August, average revenue plummeted even further for Neptune Orient Lines.

Managing a $20 BILLION COMPANY through the worst economic conditions in half a century may be something like navigating one of the worlds largest container ships through shallow waters, but few people

While many are focused on the plight of the ocean carrier industry, wondering when the first bankruptcy will occur or when the first announcement of one carrier buying another

Shell-shocked by plunging cargo volume and tumbling freight rates in Europe-Asia container trade lanes over the past year, ocean carrier executives are sensing a turning market amid reports some ship

The ports of Long Beach and Los Angeles intend soon to eliminate a reporting requirement that cargo interests said was an unnecessary and costly administrative burden associated with the ports' clean-

Hapag-Lloyd will be able to fulfill criteria for loan guarantees to be provided by the German government, according to a report by Reuters.

APL is upgrading its twice-a-week Miami service connecting the United States with Central American ports.

The Canadian government will provide the Montreal Port Authority up to US$8.4 million in infrastructure stimulus funding to build a common access portal for trucks.

A crew member on a container ship died early Thursday after he fell overboard near the San Francisco Bay Bridge while preparing a portside gangway but not wearing a required life jacket, the company s

Following a $50 million restoration after the devastation caused by Hurricane Katrina, Chiquita has moved back to its original berths on the Port of Gulfport’s west pier.

Israel Corp., parent of Zim Integrated Shipping Services, announced it will hold a special shareholders meeting Oct.

Mediterranean Shipping Co.

Hanjin Shipping will join an intra-Asia vessel-sharing agreement service that connects India and the Far East as one of the joint operators at the end of September, the company announced Thursday.

Hamburg Süd consolidated its three West Coast liner services at a single terminal in the San Francisco Bay area.

OOCL said it will raise freight rates on its routes from Asia to Australia in two stages beginning Sept. 15.

A.P.

Container throughput in the port of Hong Kong fell to 5.2 million 20-foot equivalent units in the second quarter of 2009, down 17 percent from the same quarter last year as the global recession cut de

The Beluga multi-purpose heavy lift project carriers Fraternity and Foresight reached their Siberian destination of Novyy Port on Monday and have begun discharging the plant modules they carried from

Losses sustained by liner companies hit more than $6 billion in the first six months of the year, according to AXS-Alphaliner.

The Danish Shipowners' Association said its members did not want to see any direct subsidies of their hard-hit industry nor any bending of European competition rules that ban cartel-like activity.

The port of Rotterdam Authority said its first half earnings fell nine percent from a year ago as traffic fell and fewer ships visited Europe’s biggest ocean cargo hub.

The CMA CGM Group will restore freight rates in the North Europe to Asia and the Middle East or Red Sea trades, effective Oct. 1.

Green Reefers, a leading reefer ship-owner, blamed fierce competition from cargo hungry container carriers, for losing money in the seasonally strong second quarter.

Over several years, U.S.

The Justice Department’s “vessel pollution initiative” has gone from an intensive blitz against maritime environmental crime to a long, hard slog with no end in sight.

OOCL on Sept. 4 christened the ninth Panamax class vessel in its line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries.