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container lines
Container lines
The latest Container lines News & Analysis
Exporters Feel the Squeeze
Bill Mongelluzzo |
TLR-Total Logistics Resource, a Portland, Ore., forwarder, is having a terrible time getting its customers’ export containers on Asia-bound vessels.
Maritime
Container lines
Forwarding
Hanjin, Longshoremen Reach Tentative Agreement
Joseph Bonney |
Officials of Hanjin Shipping and the International Longshoremen’s Association tentatively agreed on a contract establishing personnel scales for a highly automated container terminal the carrier
Maritime
Container lines
TUI Rejects Hapag-Lloyd Probe
Bruce Barnard |
TUI AG said it will ask shareholders to oppose a motion by billionaire Norwegian ship-owner John Fredriksen calling for an investigation into the financial rescue of troubled ocean container carrier H
Maritime
Container lines
Forwarding
MISC Berhad Revises Asia-Middle East Service
JOC Staff |
MISC Berhad will revise the port rotation and coverage of its Halal Express 2 (HE2) Service linking the Far East, Southeast Asia, the Indian Subcontinent and the Middle East.
Maritime
Container lines
Forwarding
NOL Volume Surges as Yield Declines
Peter T. Leach |
The volume of containers transported by Neptune Orient Lines’ liner subsidiary APL surged by 43 percent in the six weeks from Nov. 14 to Dec.
Maritime
Container lines
Forwarding
Ship-to-Shore Delivery of Haiti Aid Successful
JOC Staff |
Crowley Maritime will start delivering relief supplies directly to earthquake-crippled Port-au-Prince next week after successfully completing an experimental ship-to-shore transfer of ocean containers
Maritime
Container lines
Carriers Charge NVOs to Guarantee Shipments
Bill Mongelluzzo |
Space on ocean vessels leaving Asia is tight leading up to Chinese New Year in three weeks, and shipping lines are capitalizing by charging importers at least $200 per container to guarantee the shipm
Maritime
Container lines
CMA CGM Cancellations Hurt Korean Shipyards
Peter T. Leach |
At least one South Korean shipbuilder is getting hit by the cancellation of orders by CMA CGM, and others are fending off cancellations by the troubled French container line, which can't pay for the o
Maritime
Container lines
Forwarding
Trans-Pacific Spot Rate Jumps
Peter T. Leach |
The spot rate for shipping a 40-foot container from Hong to Los Angeles jumped 17.9 percent in the week ended Jan.18 compared to the week earlier as U.S.
Maritime
Container lines
Forwarding
Perella-Infinity Venture Aims to Buy Freight Assets
John D. Boyd |
A joint venture investment group said it will spend up to $100 million to buy low-valued freight and industrial equipment, to assemble a broad mix of lease assets that will include ocean ships and riv
Transport, Trade and Regulation News
Air Cargo
Container lines
Carriers Propose Vessel Emission Standards
Peter T. Leach |
The World Shipping Council and its 29 carrier members proposed to the International Maritime Organization and its member governments a new global Vessel Efficiency System to improve the carbon and fue
Maritime
Container lines
OOCL Revenue Drops Steeply
Peter T. Leach |
Orient Overseas (International) Ltd said Wednesday revenue for the fourth quarter, ended Dec.
Maritime
Container lines
OOIL Sold Real Estate Subsidiary
Peter T. Leach |
Orient Overseas (International) Limited, the parent of container line OOCL, said Tuesday it sold its real-estate subsidiary Orient Overseas Developments Limited to CapitaLand China (RE) Holdings Co fo
Maritime
Container lines
Maersk to Expand Chassis Program to Midwest
Peter T. Leach |
Maersk plans to expand its Direct ChassisLink program throughout the Midwest and the Ohio Valley as of March 1.
Maritime
Container lines
Forwarding
Hanjin Plans Three Trans-Atlantic Rate Hikes
Peter T. Leach |
Hanjin Shipping plans to raise trans-Atlantic rates in both directions in three quarterly increases on April 1, July 1 and Oct. 1, the carrier announced Monday.
Maritime
Container lines
Forwarding
Maersk Adds Felixstowe Service
Peter T. Leach |
Maersk Line’s AE7 Asia - Europe service Jan. 13 called at the Port of Felixstowe in the UK.
Maritime
Container lines
Forwarding
CMA CGM Makes It Official, Names New CEO
Bruce Barnard |
CMA CGM on Monday officially appointed Philippe Soulie, former head of French construction group Cnim, CEO of the troubled ocean container carrier.
Maritime
Container lines
Strength in Numbers
Peter T. Leach |
The Transpacific Stabilization Agreement is adding another member and changing its governance and management structure to better deal with what carriers say are insufficient trans-Pacific freigh
Maritime
Container lines
Forwarding
Shippers Face Capacity Squeeze
Joseph Bonney |
Ocean carriers’ service cutbacks are forcing shippers to book further in advance and pay higher rates to keep their containers from being left on the dock.
Maritime
Container lines
Forwarding
India Ports Growth Contained
David Biederman |
Even after 14.5 percent average annual growth in container traffic between 2002 and 2007, the container shipping revolution still has a long way to go in India.
Maritime
Container lines
Hanjin, Wan Hai to Cooperate in Trans-Pacific
Peter T. Leach |
Hanjin Shipping and Wan Hai Lines are tightening ranks in the trans-Pacific by establishing a vessel-sharing agreement on Hanjin’s Vietnam-U.S.
Maritime
Container lines
Report Shows Global Ocean Rates Rising
Peter T. Leach |
Average global container shipping rates expanded year-over-year in late 2009 for the first time since mid-2008, according to a new report by Drewry Shipping Consultants.
Maritime
Container lines
Forwarding
Shippers Say Trans-Pacific Rate Hikes Holding
Peter T. Leach |
U.S. importers said emergency rate increases the ocean carrier members of the Transpacific Stabilization Agreement are putting into effect this month are taking hold across the board.
Maritime
Container lines
Forwarding
Hanjin Resumes Jacksonville Talks with Union
Joseph Bonney |
Hanjin Shipping executives and International Longshoremen’s Association officials met this week for the first time since June to discuss staffing requirements for a highly automated container te
Maritime
Container lines
Hanjin to Slow Steam All-Water Loop
Press Release |
Hanjin Shipping said it will begin slow-steaming vessels on one of its all-water services from Asia to the U.S. East Coast in mid-January.
Maritime
Container lines
Forwarding
SCI Hikes India-Europe Rates
JOC Staff |
State-owned Shipping Corporation of India will implement a general rate increase on the trade from India to Europe, effective Feb. 4.
Maritime
Container lines
Forwarding
Hamburg Sud Christens Last of 5,900-TEU Series
Peter T. Leach |
Hamburg Sud late Thursday christened the final new ship in a series of six identical container vessels of 5,900 20-foot equivalent units capacity each in Montevideo, Uruguay.
Maritime
Container lines
Forwarding
Horizon Lines Cuts Debt in Q4
Peter T. Leach |
Horizon Lines cut its debt by $38.1 million during the fourth quarter and completed its fiscal year with $28 million less in funded debt than a year earlier, the company said Wednesday.
Maritime
Container lines
OOCL to Add Peak Surcharge
Thomas L. Gallagher |
Orient Overseas Container Line will implement a peak season surcharge on all Asia-to-Europe freight, effective Feb. 1.
Maritime
Container lines
Forwarding
Trans-Pacific Carriers See 90 Percent Vessel Use
Peter T. Leach |
Cargo bookings by the individual lines in the Transpacific Stabilization Agreement suggest that vessel utilization levels in the trade will run in the mid-high 90 percent range in most trade segments
Maritime
Container lines
Forwarding
Kuehne Urges TUI to Sell All of Hapag-Lloyd
Peter T. Leach |
German entrepreneur Klaus-Michael Kuehne called on TUI to sell its Hapag-Lloyd stake to make room for a new owner and a more stable shareholder set-up at the container shipping line.
Maritime
Container lines
Forwarding
Trans-Pacific Carriers Elect New Chairman
Peter T. Leach |
The Transpacific Stabilization Agreement on Thursday elected Kim Young Min, president and CEO of Hanjin Lines, as the new chairman of its executive committee, replacing Neptune Orient Lines CEO Ron Wi
Maritime
Container lines
Forwarding
Port Everglades Waives Tariff for Haiti Relief
R.G. Edmonson |
Port Everglades, Fla., announced that it will waive tariffs for relief cargo being sent to Haiti after the Jan. 12 earthquake.
Maritime
Container lines
Forwarding
Europe Sees First Growth in Asia Box Imports
JOC Staff |
Asia’s containerized exports to Europe grew 2.4 percent in November, the first year-over-year growth in the key world trade lane during 2009, according to the European Liner Affairs Association.
Maritime
Container lines
Forwarding
Crowley Assessing Haiti Relief Needs
R.G. Edmonson |
Officials with Crowley Maritime were in touch with relief organizations about shipping emergency aid to Haiti Wednesday, but the company was still trying to determine what would be needed or how it co
Maritime
Container lines
Moller-Maersk Appoints New IT Chief
Peter T. Leach |
A.P. Moller-Maersk named Stephen Fraser as head of the Danish group’s information technology division.
Maritime
Container lines
Seaboard Marine Temporarily Halts Haiti Service
R.G. Edmonson |
Seaboard Marine announced Jan. 13 that it will not receive cargo consigned to Haiti until further notice.
Maritime
Container lines
Evergreen Hikes Europe-Asia Rates
Peter T. Leach |
Evergreen Line on Wednesday announced it will increase rates next month on westbound cargos it carries from Europe and the Mediterranean to the Far East, including Japan and Australia, and the Indian
Maritime
Container lines
Forwarding
Trans-Pacific Spot Rate Jumps 10 Percent
Peter T. Leach |
The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles jumped 10 percent so far this week compared to the week ended Jan.
Maritime
Container lines
Forwarding
Maersk Alabama Suspect Charged with More Hijackings
Peter T. Leach |
A Somali suspect in the hijacking of the U.S.-flag Maersk Alabama in the Indian Ocean last April has been charged with involvement in two additional hijackings, Federal prosecutors in New York said Tu
Maritime
Container lines
Forwarding
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