Container Shipping News

London - Global Ship Lease, a leading containership charter owner, said it is talking with its bankers about amending terms of an $800 million credit facility.

The Massachusetts Port Authority (Massport) on April 30 announced the beginning of direct export service at Boston Autoport.

Looking to focus more on cargo business in the downturn, A.P.

Maersk Line, expanding its bid to raise prices, posted a series of rate increases today on its service from Asia to Latin America that will take effect on June 1.

Carriers in the Asia-Australia Discussion Agreement announced plans to raise their bunker surcharges for cargo moving from China and Hong Kong to Australia.

APM Terminals said Friday it will participate in the consortium led by Bolloré Africa Logistics that has a contract to develop a new deepwater container terminal at the Port of Pointe-Noire in

In a concession to financially pressed shipping lines, the Panama Canal Authority will cut back some tolls and fees while giving carriers greater flexibility in reserving movements through the canal.

Mediterranean Shipping Co.

A majority of the attendees at The Journal of Commerce's 9th annual Trans-Pacific Maritime Conference don't foresee an economic recovery for at least another year, according to live poll questions ask

Customs and Border Protection is looking at alternative ways of calculating the timeliness of security information that importers are obligated to file before their cargo is loaded aboard ship.

Höegh Autoliners, the U.S.

A.P.

The Grand Alliance, which already has a vessel-sharing agreement with Zim Integrated Shipping Services on its Atlantic Express Service (ATX), agreed to charter slots in the service to Hamburg Süd

Port Metro Vancouver, British Columbia, reports a 15.6 percent decline in TEUs, or a 15.5 percent decline in tonnage, handled in the first quarter of this year compared with the same period in 2008.

Ocean carriers are seeking a permanent injunction against enforcement of a new state regulation that will require the use of low-sulfur fuel in vessels’ main engines, auxiliary engines and auxil

A.P.

Danaos, one of the world's biggest containership charter owners, delayed the delivery of 15 box ships from South Korean and Chinese shipyards.

Containership owner Seaspan defied the global downturn by earning a first quarter profit of $24.2 million, compared with a loss of $7.7 million in the same quarter last year as revenue from chartering

Importers and exporters are facing risk of cargo losses or delays during the current global recession because of the increasing possibility of cargo theft, failure of their transport and/or logistics

The cook aboard the Maersk Alabama when it was hijacked April 8 by Somali pirates filed suit against the company and Waterman Steamship Corp.

“K” Line’s profit for fiscal 2008, ended March 31, fell by 61 percent from fiscal 2007 as its revenue fell by 7 percent.

Hapag-Lloyd joining a growing list of ocean carriers looking to raise prices on demand-starved European routes, announced rate increases Tuesday for westbound services from the Far East to Northern Eu

Idled ocean container capacity increased slightly in the past two weeks, reversing an earlier decline, the first in seven months, as ocean carriers return an increasing number of chartered vessels as

Yusen Air & Sea Service, the core logistics unit of Nippon Yusen Kabushiki Kaisha (NYK Line), Japan's biggest shipping firm, reported a big drop in group profit for fiscal 2008, which ended on Mar

CMA CGM plans to upgrade its Asia-Mediterranean MEX service with direct calls to Nagoya, Yokohama and Kobe, beginning mid-May.

APL’s container volume and average revenue per container plunged during its most recent four-week reporting period, its parent Neptune Orient Lines, reported April 27.

MOL’s full-year profit dropped by a third in its fiscal year ended March 31 even though its total revenue declined by only 4.1 percent.

Gen. David Petraeus told a congressional committee that ocean cargo carriers should consider putting armed guards on ships traveling through pirate-infested waters off the coast of Africa.

Congress will jump into the legal and policy issues raised by the recent expansion of pirate attacks on cargo ships in the Indian Ocean off the coast of Africa.

Horizon Lines lost $10 million in the first quarter, ended March 31, compared to a profit of $700,000 in the same quarter last year as volume declined and other unusual charges mounted.

A weekly container service linking Southeast Asia with the east coast of North America, starting on May 3, brings new traffic to the struggling Port of Halifax, Nova Scotia.

Profit fell 81 percent in the first quarter for China Shipping Development, the Shanghai-based parent of China Shipping Container Lines.

Rickmers Maritime (Trust) posted a first-quarter profit of $11.04 million, an increase of 32 percent from the $8.39 million it earned in the same quarter of 2008, on a hefty increase in revenue from c

Local agents of container lines calling at India’s Port of Jawaharlal Nehru called on Container Corp., the state-owned intermodal logistics provider, to speed evacuation of inland containers in

South Korea plans to launch a fund to buy vessels from cash-strapped shipping companies at market prices, and will loosen rules on ship purchases and investment in shippers, according to a statement b

Maersk Line today announced sweeping changes in the port coverage from Asia to North Europe, where it will focus on Felixstowe and Le Havre, and from Asia to the Mediterranean, where it is entering tw

Singapore-based MCC Transport, a subsidiary of Maersk Line, introduced a new Russia Service (RU-1) linking Vladivostok with Busan, South Korea.

Mediterranean Shipping Co., the world's second-largest ocean carrier, is closing the gap on market leader Maersk, by rapidly expanding its fleet through the deepest slump in container shipping, while

Complying with the PortCheck and PierPass programs in Los Angeles-Long Beach is a cumbersome task that is motivating shippers and freight intermediaries to look to other gateways for their discretiona

Cosco Container Lines announced plans to extend the port rotation of its Southeast Asia HSH Service, effective this month.