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container lines
Container lines
The latest Container lines News & Analysis
Far East-U.S. Containers Fall for Second Year
Bruce Barnard |
Container shipments from the Far East to the United States declined by 15.3 percent in 2009 from the previous year to 10.1 million 20-foot equivalent units, down 2.8 million TEUs from their peak of 12
Maritime
Container lines
Forwarding
NOL Volume Surges, But Yield Dips
JOC Staff |
APL, the liner shipping subsidiary of Singapore-based Neptune Orient Lines, handled 307,400 40-foot equivalent units in the six weeks from Dec. 26, 2009, to Feb.
Maritime
Container lines
Forwarding
Hapag-Lloyd to Raise India Rates
JOC Staff |
Hapag-Lloyd in April will seek rate increases on two trade lanes affecting the Indian Subcontinent.
Maritime
Container lines
Forwarding
Can Shippers & Carriers Get Along?
Joseph Bonney |
Relations between trans-Pacific shippers and carriers are testy in the best of times, and these aren’t the best of times.
Maritime
Container lines
Forwarding
Preparing for the Dawn
Bill Mongelluzzo |
With container volumes down 18 percent from the peak year of 2007, and some marine terminals operating at 50 percent of capacity, this may not seem like the best time for West Coast ports to spend bil
Maritime
Container lines
Forwarding
Transition in the Trans-Pacific
Mario O. Moreno |
The global financial crisis that began in 2008 and accelerated into 2009 sent trade volume from the export-oriented economies of the Asia-Pacific region into the steepest decline in the modern interna
Maritime
Container lines
Forwarding
Horizon to Start China Service
Joseph Bonney |
Horizon Lines, the largest U.S.
Maritime
Container lines
Horizon May Shift from NY-NJ
Joseph Bonney |
Horizon Lines is close to a decision on whether to shift its weekly New York-New Jersey port calls for the carrier's Puerto Rico service to Philadelphia or Jacksonville, CEO Charles G.
Maritime
Container lines
North American ports
CMA CGM to Hike Rates on Major Lanes
Thomas L. Gallagher |
CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1.
Maritime
Container lines
Forwarding
CMA CGM Won’t Get State Bailout
Peter T. Leach |
Financially-troubled CMA CGM will not get conventional state aid from the French Government, but the container line is still in talks with FSI, the country’s sovereign wealth fund, about new equ
Maritime
Container lines
MSC’s Golden Gate Service Makes First Charleston Call
Peter T. Leach |
Mediterranean Shipping Company’s “Golden Gate Service” made its inaugural call Thursday at the Port of Charleston, when the first vessel in the service to call Charleston, the MSC Ri
Maritime
Container lines
Forwarding
Trans-Pacific Carriers to Hike Westbound Rates
Bill Mongelluzzo |
Shipping lines that carry U.S. exports to Asia intend to increase their freight rates effective April 1 in a continuing attempt to recover from last year's recessionary rate levels.
Maritime
Container lines
Forwarding
MSC Hikes Eastbound Trans-Atlantic Rates
Peter T. Leach |
Mediterranean Shipping Company announced Thursday a general rate increase on exports from North America to Europe and the Mediterranean as of April 1.
Maritime
Container lines
Forwarding
OOCL Raises Europe-Australasia Rates
Peter T. Leach |
Overseas Orient Container Lines, extending the shipping world's push toward higher prices, said Tuesday it will increase freight rates by $100 per 20-foot container as of March 1 on cargo moving from
Maritime
Container lines
Forwarding
Hanjin Forecasts Profit in 2010
Peter T. Leach |
Hanjin Shipping expects to post a profit this year and boost revenue 27 percent as world trade picks up and shipping lines cut fleet expansion plans, according to Bloomberg News.
Maritime
Container lines
Forwarding
UASC Gets Financing For Three 13,100-TEU Ships
Bruce Barnard |
The United Arab Shipping Company said it signed a $275 million multi-currency loan facility to finance the acquisition of three container ships of 13,100 20-foot equivalent units capacity.
Maritime
Container lines
Hamburg Süd Revises Med-Caribbean Services
Peter T. Leach |
Hamburg Süd said it will replace its current service between the Mediterranean and the Caribbean through a slot-charter agreement with Hapag-Lloyd’s MGX service.
Maritime
Container lines
Forwarding
CMA CGM Resumes Normal Haiti Calls
Peter T. Leach |
CMA CGM, which has been heavily involved in relief efforts in Haiti since the earthquake devastated the country on Jan.
Maritime
Container lines
Forwarding
Angels to the Rescue
Peter T. Leach |
Navigating through a storm of historic magnitude, any ship captain probably would be expected to make adjustments and even look for an entirely new course.
Maritime
Container lines
Forwarding
Hapag-Lloyd Fights Back
Bruce Barnard |
For a company that lost more than $1 billion in 2009 and is almost certain to spend 2010 in the red, Hapag-Lloyd seems an unlikely recovery story.
Maritime
Container lines
Forwarding
Drawing the Line
Bill Mongelluzzo |
BNSF’s top intermodal executive concedes the western railroads have permanently lost much of their East Coast market share to all-water container shipping services from Asia, but Steve Branscum
Maritime
Rail News
Container lines
Forwarding
ACL to Raise Trans-Atlantic Rates
JOC Staff |
Atlantic Container Line said Friday it will raise rates on east- and westbound trans-Atlantic cargo, effective April 1.
Maritime
Container lines
MSC Puts 8,085-TEU Ships Into East Coast
Joseph Bonney |
Mediterranean Shipping Co. said it is temporarily using several 8,085-TEU ships, the largest to call at U.S.
Maritime
Container lines
Forwarding
FMC Clears Trans-Pacific Carriers to Talk Environment
Bill Mongelluzzo |
The Federal Maritime Commission has given members of the carrier discussion group in the eastbound Pacific the authority to talk about strategies intended to reduce air emissions, water pollution and
Maritime
Container lines
Forwarding
CMA CGM Seeks Delay of Ship Orders
Peter T. Leach |
CMA CGM, which is in tough negotiations with South Korean shipyards to delay or cancel orders it placed in 2007 for some 30 new ships, is not laying up any of its vessels and is scrapping “very
Maritime
Container lines
CMA CGM Expects Rest of $500 Million Credit Soon
Peter T. Leach |
CMA CGM, the troubled French carrier that is in talks with its creditor banks about restructuring $5.6 billion in long-term debt payments, expects to receive the balance of the $500 million in short-t
Maritime
Container lines
APL to Increase Intra-Asia Rates
Peter T. Leach |
APL said Friday it will apply a general rate increase to all cargo moving from the Far East to India and Pakistan.
Maritime
Container lines
Forwarding
SCI to Hike India-Europe Rates
JOC Staff |
State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program.
Maritime
Container lines
Forwarding
OOCL Adds Emergency Charge
Bill Mongelluzzo |
Additional charge applies from March 1 to 20 on shipments from China to Canada
Maritime
Container lines
CMA CGM to Hike Asia-Europe Rates
Peter T. Leach |
CMA CGM announced Thursday it will raise freight rates on the westbound trade from Asia to ports in North Europe, the Eastern and Western Mediterranean and the Black Sea as of March 15.
Maritime
Container lines
CMA CGM Hikes India-Europe Rates
JOC Staff |
CMA CGM will seek a general rate increase on all westbound cargo on the EPIC Service from India and Pakistan to Europe and the Mediterranean, starting March 1.
Maritime
Container lines
Forwarding
Fredriksen Cuts TUI Stake
Bruce Barnard |
John Fredriksen, the Norwegian shipping billionaire, cut his stake in TUI, the biggest shareholder of German ocean container carrier Hapag-Lloyd, to 15.7 percent from around 19 percent.
Maritime
Container lines
Hapag-Lloyd Slashes Quarterly Losses
Bruce Barnard |
Hapag-Lloyd, Germany's largest ocean container carrier, drastically reduced losses in the final three months of the year on substantial freight rate increases on some routes but is forecast to remain
Maritime
Container lines
Hedging on Rate Futures
Peter T. Leach |
Bulk shippers and carriers routinely buy and sell futures contracts called freight forward agreements based on the Baltic Dry Index of bulk rates, to hedge against the risk that a rise or fall i
Maritime
Container lines
Forwarding
Contracting’s Rollover Effect
Bill Mongelluzzo |
Dean Tracy, director of international logistics at Lowe’s, had a devilish time getting his spring and summer merchandise on vessels leaving Asian ports in late January.
Forwarding
Container lines
MSC Hikes Rates From Spain
Peter T. Leach |
Mediterranean Shipping Company will apply a general rate increase on all eastbound cargo from Spanish ports to destinations in the Middle East and the Far East.
Maritime
Container lines
“K” Line to Restructure with Stock Issue
Peter T. Leach |
“K” Line, which expects to post a loss for the fiscal year ending March 31, said Friday it will issue a public secondary stock offering on the Tokyo Stock Exchange later this month to rais
Maritime
Container lines
Five Carriers to Launch Vessel Agreement
Peter T. Leach |
Five shipping lines are setting up a new vessel-sharing agreement that will start service in April between Asia and the East Coast of South America via South Africa.
Maritime
Container lines
Forwarding
Asia-Europe Rates, Volumes Surge
Bruce Barnard |
Ocean container freight rates are surging on key Asia-Europe trade routes as traffic rebounds from a year-long downturn and carriers cull capacity.
Maritime
Container lines
Forwarding
Berlin Presses Korean Shipyards to Delay Vessels
Bruce Barnard |
The German government is pressing South Korean shipyards to delay deliveries of container vessels to financially troubled German ship-owners.
Maritime
Container lines
Forwarding
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