Container Shipping News

The Transpacific Stabilization Agreement will accept Maersk Line back into its fold effective Dec. 24, the carrier discussion group said in a statement.

Thousands of containers are piling up at Piraeus, Greece's biggest port, after dock workers extended a week-long strike for another 48 hours in protest against an agreement with China's Cosco Pacific.

Rickmers Maritime Trust, a Singapore-based charter ship owner, was unable to take delivery of a vessel it had ordered for charter to Hanjin Shipping in the third quarter because of financing troubles

NOL, the Singapore-base parent of APL, said that container volume and yield per container both increased in the four-week period from Sept. 18 to Oct. 16 for the second monthly gain in a row.

Maersk Line is reapplying for membership in the Trans-Pacific Stabilization Agreement, which has been trying for two years to get it to rejoin the discussion agreement.

Bruce J. Carlton took charge at the National Industrial Transportation League just as the economy began its worst contraction in decades.

Neptune Orient Lines is relocating its administration and service center in China to the western city of Chongqing.

The Orcelle Fund, a grant-awarding body created by Wallenius Wilhelmsen Logistics, is looking for innovative new maritime projects to support.

OOCL christened the OOCL Dalian on Thursday, the tenth Panamax vessel in its line of 16 4,500-TEU ships ordered from Samsung Heavy Industries at its Geoje Shipyard in South Korea.

OOCL on Friday announced a peak season surcharge on shipments of westbound refrigerated cargo from Europe to Montreal.

Evergreen Line said Thursday it is scaling down its operating fleet and rationalizing its services in an effort to cope with market conditions.

“K” Line is buying a minority stake in a ship repair yard on China’s Zhoushan Islands that will give it access to facilities for very large container ships.

Atlantic Container Line will raise rates on the North Atlantic in two stages over the next three months. The first phase will begin Dec. 1 and the second on Feb. 1, ACL said.

Seaspan, the Hong Kong charter ship owner, posted a loss of $65.9 million for the third quarter ended Sept.

The Southern Africa Europe Container Service Lines will introduce an additional container service to accommodate primarily the seasonal increase in refrigerated exports from South Africa to Europe dur

Zim Integrated Shipping Services said its parent Israel Corp.

Expeditors International of Washington saw its net profit fall 33 percent in the third quarter, to $57.8 million, as tighter capacity and rising prices in ocean and air transport services cut into fre

Dock workers in Piraeus began a 48 hour strike Nov. 3 in a fresh bid to prevent China's Cosco Pacific taking over two of the three container quays at Greece's biggest port.

The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index

Mediterranean Shipping Co. said Monday it will add calls at Norfolk to the revised port rotation of its Golden Gate Service from Asia via the Suez Canal.

Evergreen Marine Corp.

Mediterranean Shipping Company posted a two-stage general rate increase on Monday for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico.

Ocean container carriers seeking extra cargoes are failing to grab market share from conventional refrigerated vessels despite "desperate marketing and pricing tactics," a leading reefer ope

Maersk Line on Monday announced a general rate increase as of Nov. 15 on cargo it carries from South Asia and the Middle East to Europe.

Maersk Line said Monday it plans to launch a new service this month between the eastern Mediterranean and Central Europe via the Adriatic Sea that it calls the Adriatic Levant Express or “ALEX.&

Following similar moves by several other carriers in recent weeks in taking advantage of capacity cuts on the trans-Atlantic, Hanjin Shipping on Monday said it will raise its freight rates on the tran

Net profit for state-owned Shipping Corporation of India fell 88 percent from a year earlier to $7.3 million in the second quarter ending Sept. 30.

Israel Corp delayed for a third time a key vote on a financial restructuring for subsidiary Zim Integrated Shipping Services, casting fresh uncertainty over the future of the troubled Israeli ocean co

Evergreen Line said Friday it will increase rates in December and January on cargo on outbound containers from North America to Europe, Asia, Australasia and the Middle East.

SHENZHEN, China — No one can accuse Electrolux’s Bjorn Vang Jensen of complaining about volatile shipping rates and not doing anything about them.

Five years ago, the U.S.

Specialized reefer vessels may be losing the battle to gain market share to the world’s container fleet, but last month the sector won a battle of the green.

For all the gloom and doom that container lines have been expressing about falling volumes, one segment of the trade has been holding up fairly well — the reefer trade.

The Port of Charleston is having a born-again experience.

While the reefer sector has avoided the catastrophic drop in business felt by container carriers handling “dry” cargoes, rates and volume for refrigerated shipments have dipped this year.

Transloading volumes at West Coast ports are down, but importers’ interest in transloading is up as companies look to take cost out of their supply chains.

Israel Corp's shareholders are scheduled to vote Sunday, Nov. 1, on a complex financial restructuring of its ocean container unit Zim Integrated Shipping.

Mediterranean Shipping Company will offer direct service from the U.S. East Coast to Jeddah, Saudi Arabia, with a change in rotation on its GGS USAEC / Far East service.

France's biggest dock workers’ union called for a 24-hour strike at France's seven largest ports on Nov. 6 in the latest protest against government plans to privatize container handling.

Mediterranean Shipping Company announced rate increases for export cargo from North America and Mexico to Europe, Mediterranean, Africa, Middle East and India.