Container Shipping News

The trans-Atlantic trade, long the most stable of the east-west shipping markets in terms of freight rates and vessel capacity, could come unhinged this year as carriers bring in more ships from other

MOL will expand its container shipping services between Asia and Africa with a new route next month.

Singapore’s PSA Group recorded a 3.7 percent drop in profits last year despite volumes handled at its global portfolio of container terminals increasing 5.6 percent compared to a year earlier.

Cosco Container Lines plans to launch its new all-water service next month

FastShip, which hoped a decade ago to launch a speedy trans-Atlantic service using innovative technology, has filed for Chapter 11 bankruptcy in hope of raising funds for a patent-infringement lawsuit

Average Asia-Europe spot prices edged up slightly this week in a sign that the hefty general rate increases implemented by carriers on March 15 are holding up.

DP World booked an 82 percent increase in profit in 2011 at $683 million, up from $372 million a year earlier, driven by gains on the sale of a majority stake in its Australian container terminals.

Zim Integrated Shipping Services swung to a $397 million loss in 2011 from a $54 million profit in 2010 as the Israeli ocean carrier faced tougher competition in a deteriorating container shipping mar

U.S. steel imports declined 4.5 percent in February month-to-month despite a large increase in slab imports, according to preliminary government data.

The number of foreign trade containers handled by the Port of Nagoya in central Japan rose 3.2 percent in 2011 from the previous year to 2,472,264 twenty-foot equivalent units (TEUs), according to pre

Maersk Line plans to implement a series of general rate increases on various trade lanes, as part of a new rate restoration program.

A spokesman for agricultural interests called upon ports to help increase U.S. exports by reducing delays at marine terminals.

During peak-season 2011, U.S. ports handled about 800,000 20-foot container units less than the macro economy indicated they should have moved.

The U.S. maritime industry has “ample capacity” to transport petroleum from the Gulf of Mexico to the Northeast, the American Maritime Partnership said.

Average trans-Pacific spot rates this week eased off from their recent high of two weeks ago when carriers that belong to the Transpacific Stabilization Agreement put into effect

A protest by local political parties and trade unions shut down India’s Port of Jawaharlal Nehru (Nhava Sheva), forcing ocean carriers to skip calls at the

Pacer International named Al Benki as senior vice president, international logistics for Asian and European operations, where he will be responsible for growth of its international business units, Oce

Cosco Pacific on Tuesday reported a net profit of $388.8 million for 2011, an increase of 7.6 percent year over year.

Mediterranean Shipping Company will upgrade and combine its existing Indian Subcontinent-Europe-Mediterranean service network operated in conjunction with Shipping Corporation of India, effective in e

The Department of Justice ordered Illios Shipping to pay $2 million in criminal fines after the Greek carrier admitted to illegally dumping waste and destroying related records.

Rickmers-Linie and TOTE have joined the World Shipping Council as the newest members of the Washington-based maritime association.

United Arab Shipping Company will apply a general rate increase on eastbound cargo from North Europe to Asia and the Indian Subcontinent.

Horizon Lines said Tuesday it expects to report a fourth quarter loss of $6.4 million from continuing operations basis on a GAAP (general accepted accounting principles) basis, compared with an operat

Global ports operator DP World is tapping its cash resources to repay a $3 billion revolving credit facility six months before it matures in October.

International trade through Japan’s Port of Yokohama declined 6.2 percent in 2011 from 2010 to 2.8 million 20-foot equivalent units, according to preliminary figures released by the Yokohama mun

Hanjin Shipping took delivery of the first two of a series of nine 13,100-TEU capacity container

Russia’s Global Ports booked net income of $146.9 million in 2011, up 23 percent on the previous year, as its Baltic and Far East container terminals boosted traffic 44 percent to more than 1.3

Encouraging small and midsize companies to enter the export arena will put the U.S.

Mediterranean Shipping Co is imposing an “equipment imbalance“ surcharge and “no-show” penalties on the North Europe-Asia route after rival Maersk Line stopped taking cargo boo

U.S. containerized exports increased modestly in January as solid growth in Asian markets was partially offset by losses in European markets. Overall U.S.

Hapag-Lloyd will impose an “interim fuel participation” surcharge on Europe-Asia trade lanes to cover rising bunker costs.

The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the Bayonne Bridge "Raise the Roadway" project be considered for expedited review

Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level since May 2011, according to the latest Shipping Confidence Su

A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to fix a heart problem, the Danish group said Monday.

No one is more delighted about the impact of 2004’s U.S.-Chile Free Trade Agreement of 2004 than Tom Tjerandsen, North American managing director of the Chilean Fresh Fruit Association.

In the fashionable neighborhoods of Bogota, the gourmet restaurants, lively nightclubs and luxurious hotels are brimming with foreign executives eager to sign trade and investment deals in South Ameri

By the middle of 2014, the Port of New York and New Jersey will have a container terminal able to handle ships carrying 10,000 20-foot equivalent container units.

Next time you’re dining out in Seoul, have a good steak and wash it down with a shot of Jack Daniel’s, compliments of U.S. exporters.

An electronics manufacturer in Singapore last year wanted 25,000 wire forms to be used in one of its products, and it needed them fast.

Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year.