Container Shipping News

Containerized traffic handled by India’s major ports in April, the first month of fiscal 2009-10, dropped by 14 percent from a year ago, amid indications that the continuing slump in trade will

The Columbia River channel deepening project will receive $26.6 million in economic recovery funding to complete its last phase, U.S. Senator Patty Murray, D-Wash., announced May 15.

Containerized imports moving through the Los Angeles-Long Beach port complex in April plunged 21.5 percent, demonstrating that the long-awaited turn-around in international trade is not on the immedia

Average spot rates by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to $986 this week, down 51.6 percent from a year ago and the lowest level in a trans-Pacific downward pr

HHLA, Hamburg's biggest container stevedore, reported operating profit in the first quarter plunged 45 percent as box traffic slumped 32 percent from a year ago.

Malaysian container carrier MISC Berhad issued a notice to its partners in the Grand Alliance that it intends to withdraw from the group as of Jan. 1, 2010.

Yang Ming Line and Orient Overseas Container Line plan to upgrade their jointly-operated China-Pakistan-Express (CPX) Service, effective May 21.

The volume of containers handled by Singapore’s container terminals in April dropped by 17.7 percent from a year earlier and by 5 percent from March, according to throughput data from the Mariti

At a time when weakness in overseas economies has cut prices for exports by U.S. wood and paper producers, a group of 14 small forest product companies in the U.S.

Norwegian shipping billionaire John Fredriksen has failed to oust the chairman of TUI and launch a probe into the company's recent sale of its ocean container carrier Hapag-Lloyd.

The Sri Lanka Ports Authority has extended the bidding deadline for its proposed South Harbor container terminal project, near Colombo, from May 19 to June 16.

Great Lakes trade in the commodities that fuel North American industry is being hit hard by recession and some 30 U.S.

The head of maritime operating giant China Shipping says broad industry indicators suggest the ocean container market will improve in the second half of 2009.

London - Eimskip, Iceland's ailing container shipping and refrigerated logistics company, is selling a majority stake in Containerships, the Finnish short sea box carrier.

DFDS, a leading short-sea shipping line, reported earnings fell 44 percent in the first quarter of 2009 from a year ago as freight volume fell by as much as twenty five percent on its north European r

A. P. Moller-Maersk today announced the promotions of three of its executives in the management of Maersk Line and Safmarine, its container and breakbulk subsidiaries.

Rail transport at Rotterdam has broken through the one million TEUs barrier for the first time, taking market share from trucks and barges and improving the modal split at Europe's biggest box port.

Three former Horizon Lines officials and one former Sea Star Line manager were sentenced Tuesday in Jacksonville, Fla., to prison terms ranging from seven to 34 months for their roles in a price-fixin

The recession dragged intermodal shipping volume down 16.3 percent in the first quarter, the largest drop ever recorded by the Intermodal Association of North America.

Braemar Shipping Services, a ship broker and shipping and energy consultant, ended its fiscal year on Feb.

A strike by unionized workers at India’s Port of Jawaharlal Nehru disrupted container movements to and from the state-owned terminal.

A.P.

Ocean carrier Trailer Bridge lost $768,034 in the first quarter ended March 31, less than half the $1.8 million loss it posted a year earlier.

Neptune Orient Lines said today it lost $245 million in the first quarter of 2009, compared to the profit of $121 million for the same period of 2008.

Hanjin Shipping said Friday that it swung to a loss in the first quarter of the year mainly due to lower freight rates and reduced international trade.

Singapore-based Pacific Shipping Trust expects to maintain revenue in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels.

Malaysian carrier MISC Berhad posted a 76 percent drop in profit for its fourth fiscal quarter ended March 31.

Maersk Line and CMA CGM said they will start a new joint service linking North Asia and Black Sea on May 20.

Dubai World is in talks to sell a minority stake in subsidiary DP World to a regional private equity investment group, the Dubai-based global container terminal operator said.

Hapag-Lloyd, the German container shipping line, swung to a loss of $302 million in the first quarter of 2009 from a $24.5 million profit a year ago on double digit declines in cargo volumes and freig

Consolidated throughput at major ports in India registered a marginal decline in April, the first month of fiscal 2009-10, according to the latest traffic figures released by the Indian Ports Associat

Orient Overseas Container Line, Tokyo Senpaku Kaisha and COSCO Container Lines agreed to operate a new joint service, the Middle East Express.

Finnlines fell deeper into the red in the first quarter of 2009 amid slumping cargo volumes and growing overcapacity on its key Baltic and North Sea liner routes.

Import cargo at the nation’s major retail container ports fell 15 percent in March, compared to year-earlier numbers.

Norway’s Wilh.

Transfennica's combination "Trafexpress" container/roll-on, roll-off vessel Timca called the Port of Jacksonville this week and discharged about 6,000 tons of breakbulk Scandinavian paper an

Container ship charter rates plunged to historic lows and are set for further steep falls in the coming weeks as ocean carriers prepare to return scores of hired vessels to their owners in a bid to sh

Somali pirates hijacked the MV Victoria Tuesday afternoon off the southern coast of Yemen for the second time in a year.

Germany's Deutsche Post DHL reported first quarter operating profit crashed 95 percent from a year ago mainly due to the cost of shuttering its U.S. domestic express delivery service.

The U.S.