Container Shipping News

Rates on Asia-South America East Coast has soared to its highest level ever recorded as disciplined capacity management by carriers continues to support the spot market.

Nine port pairs on services between Southeast Asia and the West Coast are experiencing faster transit times than before the new and enhanced alliances launched April 1.

The opening of the elevated Bayonne Bridge in June is likely to bring change.

Spot rates in the eastbound Pacific dropped for the fourth straight week.

After three weeks of declines, the China to Europe and the Mediterranean spot rates rose this week, probably lifted by shippers trying to beat the rate increases coming on June 1.

Legislators’ recent interest in rewriting the Shipping Act of 1984 has been sparked by third-party suppliers’ fears of alliances having too much power.

Costamare is one of the leading charter ship owners, with a fleet of 72 vessels.

Hapag-Lloyd joins group of carriers that charge for refrigerated container gensets.

“This is an important strategic milestone and a big step forward for Hapag-Lloyd.”

“The first quarter was in line with our expectations.”

According to analysts, low freight demand, overcapacity, and the consequent tightening of profit margins has placed shipbuilding on a sort of hiatus, but it won't last.

Shippers using CMA CGM on the North Europe-Middle East-India trade will face a container booking cancellation fee from June 1.

Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.

Growth in US containerized exports continues, but slows, despite uncertainties over the direction of US trade policy, a strong dollar, and growing competition.

Five have already been taken over and the remaining two are scheduled for delivery by the end of June.

Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.

There are signs that the liner shipping business is clawing its way back to profitability, but with the real impact of higher contract rates yet to be felt, it is too soon to say.

The US import trade from Asia returned to market fundamentals.

CMA CGM returned to the black in the first quarter.

Spot rates on China-Europe and Asia-Mediterranean trades have continued to decline, defying carrier attempts to move prices in the opposite direction.

Finnlines’ extended its four-year run of record results.

Container shipping stakeholders are pressing the Hong Kong government to adjust the air draft clearance restriction of an iconic Hong Kong suspension bridge.

Share prices of Japan’s top three shipping firms are languishing.

Revenue and profit both sank at Japan’s Sumitomo Warehouse Co.

"We have seen growth spurts before that have fizzled out and regressed back to the downwards trend soon enough, although admittedly none in recent years have been close to the same magnitude.”

Recommendations highlight the unique requirements of mega-ships and the complexity of bringing them to berth.

With the loss-making first quarter out of the way, Maersk Line expects the recovering market to drive up profitability for the rest of the year.

Taiwan’s top three carriers — Evergreen Marine Corp., Wan Hai Lines, and Yang Ming — have posted their first-quarter financial results.

The commercial and operational environment in the largest US trade lane is unsettled right now due to new service contracts taking effect on May 1.

With 13,000-TEU+ vessels becoming more common in US trades, BCOs on both coasts brace for yard and gate congestion at marine terminals.

Hapag-Lloyd’s net loss widened in the first quarter.

Rates fell on the Asia-Europe and Mediterranean trades again this week, but carriers will be levying May 15 increases in an attempt to arrest the slide.

The crisis at the Gothenburg port deepened on Wednesday.

Yang Ming’s report of improving financial conditions comes a week after shares resumed trading on the Taiwan Stock Exchange on May 4.

US East Coast ports are reporting a few of the operational hiccups their West Coast counterparts experienced via the new and enhanced global shipping alliances.

A revised niche route network pays off for Zim Integrated Shipping Services.

Rising rates were not enough to beat surging bunker fuel prices in the first quarter that dragged Maersk Line into the red.

If there was any sign of foul play, “we’d investigate,” the Federal Maritime Commission acting chairman Michael Khouri said at a Senate subcommittee hearing on Tuesday.

DFDS’s first-quarter earnings increased more than 10 percent on rising sea freight volume on its North European roll-on, roll-off routes.