Container Shipping News

EU antitrust authorities on Thursday gave Hapag-Lloyd the approval it needed for a merger with Chilean carrier CSAV.

APL has announced a steep increase in its congestion surcharges imposed earlier on import containers handled at the Indian ports of Jawaharlal Nehru (Nhava Sheva) and Pipavav...

Crowley Maritime’s subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy license to export liquefied natural gas to...

After gaining ground thanks to general rate increases in the first week of September, the Drewry benchmark rate from Hong Kong to Los Angeles dropped $100 per container this week.

Joseph Bonney, senior editor at JOC Group, will be presented with a Lifetime Achievement Award by the Containerization and Intermodal Institute in recognition of 30 years of journalism excellence in covering the maritime industry for The Journal of Commerce and other media.

Looming global requirements for low-sulfur fuel are prodding ocean carriers to consider liquefied natural gas to power container ships on long-haul international routes as well as regional feeder services.

Container lines in coming years will continue to order larger ships and switch membership in vessel-sharing alliances in a desperate game of survival...

A massive shift in market share on the east-west trades is in the pipeline as the order book of the Ocean Three (O3) and 2M alliances will see their combined megavessel capacity eclipse that of their more established G6 and CKYHE rivals.

The Containerization & Intermodal Institute said it will present its 2014 Connie Award for industry leadership to Claudio Bozzo, president and CEO of Mediterranean Shipping Company (USA)

The “Ocean Three” Alliance among CMA CGM, China Shipping and United Arab Shipping Co. came together quickly after the formation of the “2M” vessel sharing agreement between Mediterranean Shipping Co. and Maersk, a deal that left CMA CGM seeking an alliance partner.

The U.S. intermodal sector has experienced significant growing pains, ranging from more concentrated discharge of import cargo at marine terminals to a deterioration in rail service. The inability of motor carriers to attract enough drivers to handle growth in demand also puts pressure on the so-called first and last miles of the intermodal legs.

Beneficial cargo owners won’t pay much of a premium for faster service or other ways carriers might be able to differentiate their ocean container services, Maersk Line CEO Soren Skou said.

Maersk Line has a clearly defined strategy for expansion in global trades, but is being very cautious about not disclosing it.

CMA CGM, China Shipping Container Lines and United Arab Shipping Co. today ended weeks of feverish speculation by unveiling the "Ocean Three" alliance that will operate some of the world’s biggest container vessels on the major east-west liner trade routes.

Mediterranean Shipping Co. is set to overtake Maersk Line by 2016 as the world’s largest ocean container carrier in terms of deployed capacity, according to industry analyst Alphaliner

Interest in using liquefied natural gas as vessel fuel is highlighting the need for regulatory policies and operational and safety standards, according to a new Maritime Administration study on LNG bunkering.

The $5.25 billion expansion project to allow larger vessels to traverse the canal is nearly 80 percent complete.

A decade-long revamp of its culture is driving profitability gains at Maersk Line, the world's largest global container line.

The three container lines planning to link up in a new vessel sharing agreement — CMA CGM, United Arab Shipping Co. and China Shipping Container Line — will initially operate 18 separate services covering the four major east-west trades, sources say.

CMA CGM, United Arab Shipping Co. and China Shipping Container Line will soon announce the formation of a new east-west vessel-sharing agreement, according to industry sources reached and news reports circulating Friday.

Three container lines that have yet to declare their allegiance to an east-west alliance — CMA CGM, United Arab Shipping Co. and China Shipping Container Line — will soon announce...

The Suez Canal Authority isn’t having any trouble finding money to pay for a $4 billion project to build a second channel.

Spot rates on major trade lanes worldwide increased this week, with peak shipping season to Europe and North America in full swing.

European regulators are reportedly set to approve the announced merger of Hapag-Lloyd and CSAV, creating the world's fourth largest container line

Multiple container lines have planned general rate increases in numerous trade lanes in September and October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.

A long-term shift from air to ocean freight by shippers looking to cut transport costs and willing to tolerate longer transit times may be slowing, according to recent comments from transportation executives.

Container volumes from Asia to its key export destinations were up in July, anchored by growth to both Europe and North America.

Due to lower trade volumes to and from emerging markets in Asia, ports around the world overall saw weak performance in the second quarter of 2014, according to the Shanghai International Shipping Institute.

Spot rates on nearly all lanes on the World Container Index moved this week as rates continue to fluctuate.

Weak charter rates cut into second-quarter profit of container ship owner-charterer Box Ships, which said vessel supply continues to exceed demand in a “challenging” market.

Saltchuk Resources, owner of U.S. domestic carriers Totem Ocean Trailer Express and Sea Star Line, has completed its previously announced acquisition of Tropical Shipping, an international-flag carrier serving the Bahamas and Caribbean.

The once buoyant Baltic shipping market faces further declines in cargo volumes as the European Union prepares to tighten economic sanctions against Russia.

Monthly revenue at the Suez Canal hit a record $506 million in August, partly reflecting a surge of container volume in the last month.

European carriers and shippers are struggling to embrace the 45-foot container mostly because of pricing and space issues, a new report says.

After weeks of stagnation, Drewry’s benchmark spot rate from Hong Kong to Los Angeles jumped this week on the back of Sept. 1 trans-Pacific general rate increases.

Mediterranean Shipping Co. imposed a congestion surcharge on all cargo from Europe for the Port of Sohar, Oman, effective Sept. 1.

Ocean carriers’ operating margins in the first half of the year veered widely from top-ranked Maersk Line’s positive 7.3 percent to a negative 7.8 percent at Chile’s CSAV, according to industry analyst Alphaliner.

Congestion at ports across Asia is creating havoc with shipping schedules, forcing a major intra-Asia specialist to cancel rotations as it battles lengthy delays.