Container Shipping News

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.

Maersk Line, extending its bid to reverse a slide in ocean pricing, today announced rate increases on its services from Northern Europe to North Africa and the Mediterranean as well as from Asia to th

In a welcome turn of events for the beleaguered Port of Charleston, Mediterranean Shipping Co.

The number of foreign trade containers handled by the Port of Tokyo was completely unchanged in December.

A.P. Moller-Maersk is calling for creation of a secure maritime corridor off the coast of eastern Somalia to protect vessels against the surge in pirate attacks.

A.P. Moller-Maersk Group reduced its CO2 emissions by 9 percent in 2008 compared with 2007.

Asian imports to the U.S.

Hyundai Merchant Marine will introduce two services in May and June, connecting China to the U.S. East Coast.

Alexander & Baldwin, industrial real estate operator and parent of Matson Navigation, earned a profit for the first quarter of $3 million, a 93 percent slump compared with earnings of $42.1 millio

China Shipping Container Line will operate eight of its own ships and add Norfolk as a port on an Asia-to-East Coast service that it previously operated jointly with CMA CGM.

John Fredericksen, the billionaire shipowner and dissident investor in TUI AG, is gathering support to oust TUI Chairman Juergen Krumnow at the annual general meeting of Europe’s largest tour op

CMA CGM will introduce a new service linking North Europe, Greece and Turkey with the first vessel leaving Hamburg on June 1.

Cargo tonnage at the Port of Prince Rupert dropped 24.5 percent in the first quarter even though container traffic at the Canadian West Coast port doubled over the first three months of last year, the