Forwarding

The Coast Guard on Thursday closed the Port of Mobile's shipping channel because of a heavy crude oil spill, preventing several vessels from leaving the port.

Transpacific Stabilization Agreement carriers have seen “more robust forward bookings and other favorable market signals” since implementing a peak surcharge in mid-August,

Japan’s IHI said that its wholly owned shipbuilding subsidiary, IHI Marine United, has developed low-emission large container ship that can run on liquefied natural gas.

Shipper groups, extending their drive against collective ocean carrier actions, are calling on regulators in the Asia-Pacific region to follow Europe’s lead in banning liner conferences.

The six-member Caribbean Shipowners Association said Thursday it will implement its planned peak season surcharge on southbound containers to all Caribbean destinations.

The World Container Index went live today, with the first Europe-based assessment of ocean freight rates showing increases on some major liner trade routes.

Westports Malaysia in the first half saw volume rise 17 percent year-over-year to 3.1 million 20-foot container equivalent, as the port operator expands at Malaysia's top container gateway.

The GT Nexus Shipper Council, a group of the world’s biggest importers and exporters, is responding to Maersk Line’s call to change the way carriers and shippers conduct their business.

Singapore-based container carrier APL is imposing peak-season surcharges on all cargo shipped from India to East/West Mediterranean, starting Sept. 1.

The Indian Shipping Ministry is allowing Indian-flag ships to use armed guards to protect themselves from piracy.

The North Carolina ports of Morehead City and Wilmington were fully operational Tuesday after closures in advance of Hurricane Irene. 



Declining freight rates are not stopping lines from investing in new post-Panamax ship buildings, according to analyst Braemar Seascope.

APM Terminals will design, build and operate a large terminal in Costa Rica under a $992 million contract with the country’s government that APM said would launch the largest infrastructure proj

Goldenport boosted first half earnings 24.4 percent year-over-year to $25.7 million, as the Athens-based ship owner’s healthy container rates outweighed a volatile bulk shipping market.

A new revenue index published by the Transpacific Stabilization Agreement shows revenue for maritime carriers in eastbound lanes from Asia steadily declining in the first six months of the year.

Maersk Line will resume container service to Libya on Sept. 8 in its first shipment since February.

Irish Continental Group’s first half earnings shrunk nearly 20 percent to $23.2 million from a year ago, as higher fuel bills offset a 12 percent increase in roll on/roll off freight volume.

Regular international container services will partially resume next month at the most important port in the northeastern Japanese region of Tohoku, which bore the brunt of the earthquake and tsunami i

China Merchants Holdings (International) doubled its first half profit year-over-year to $501.1 million, as the port operator’s container volume grew and it received a one-time gain linked to a

OOCL plans to increase productivity at its Kaohsiung Container Terminal in Taiwan by up to 10 percent by adding two super-post-Panamax gantry cranes to the existing six cranes.

The Indian government will review vessels older than 25 years before they are allowed to sail in Indian waters.

International port companies face rising losses at Vietnam’s showpiece Cai Mep container port as terminals are operating at less than half of their capacity, according to industry analyst Alphal

Consumer spending rose 0.8 percent in July, the Commerce Department reported, as strong demand for motor vehicles led the strongest gain in the consumer market in five months and provided a boost for

CMA CGM expects 2011 to be a positive year despite reporting a 72 percent year-over year decline in first-half profit to $237 million, as higher fuel costs offset shipping volume gains.

Star Reefers won $16.5 million in damages from a Russian fruit importer that terminated charters on the Norwegian ship-owner’s refrigerated cargo ships 14 months before their expiration.

Maersk Line is launching a direct service connecting Ecuador with Spain, Turkey and the Black Sea in late September, as it targets Latin America banana exports to European and Russian markets.

Major East Coast ports re-opened Monday and trucking and railroad companies slowly resumed services as they began making a full assessment of damage to transportation operations that took the impact o

Horizon Lines is asking bondholders to swap $330 million in convertible notes for new debt and equity and said approval will allow the carrier to finish a $655 million refinancing by the end of Septem

The Broward County Board of County Commissioners on Aug.

U.S. consumer sentiment hit its lowest level since November 2008, a decline aggravated by political battles in Washington, according to a survey.

China Cosco Holdings posted a first-half net loss of $432 million, compared with a net profit of $553 million a year earlier, and said reached agreements on bulk carrier charter disputes that led to s

Green Reefers narrowed its second quarter loss to $11 million from $13 million a year ago, but the conventional refrigerated cargo ship operator warned of growing competition from container vessels.

China Shipping Container Lines lost $95 million in the first half of the year compared with a profit of $264 million a year earlier, as slumping rates and volumes pushed revenue down 12.9 percent.

United Arab Shipping will apply a general rate increase on the eastbound trade from North Europe to the Indian Subcontinent and the Arabian Gulf, starting Sept. 15.

Hapag-Lloyd announced general rate increases, effective. Oct. 1, for shipments between the U.S., Canada and Mexico and North Europe and the Mediterranean.

U.S. port officials in the Pacific Northwest, saying higher taxes are partly behind the loss of business to Canada, are urging grain shippers to support efforts to change federal cargo fees.

Zim Integrated Shipping Services swung to a $68 million net loss in the second quarter from a $3 million profit a year ago, as lower ocean freight rates offset increased container volume.

The head of the American Trucking Associations wants Govs.

DP World boosted first half after-tax profit by 36 percent from a year ago to $281 million, as the global port operator benefited from

Cosco Pacific’s first half gross profit jumped 71 percent to $119.3 million as the Hong Kong-listed company posted sharply improved results from its terminal operations and container leasing, ma