Container Shipping News

Spot rates for container shipments from Hong Kong to Los Angeles fell below $1,500 per 40-foot-equivalent unit for the first time since January 2010, according to Drewry Shipping Consultants’ we

The Panama Canal Authority completed the third phase of digging the excavation for the new locks on the Pacific side of the canal.

Container ship lines face renewed losses because they have reverted to their habit of emphasizing “price, price, price instead of service, service, service,” said Orient Overseas Container

India’s exports surged 36.3 percent year-over-year to $24.8 billion in September, according to latest provisional figures released by the Commerce Ministry.

BNSF Railway intermodal executive Fred Malesa does not believe West Coast ports will lose much market share in the Asian trade when the

SHENZHEN -- Struggling with sliding rates amid plentiful capacity on major world trade lanes, several container line executives say they are starting to consider whether to lay up some vessels in

Several large shippers say they are now providing rolling forecasts of their demand outlook to improve coordination with ocean carriers following supply and demand disconnects in recent years.

Carriers in the westbound Pacific trades reconfirmed their intention to implement export rate increases generally of $100 to $200 per 40-foot container effective Nov. 1.

U.S.

Chilean container carrier CSAV is reorganizing its IMEX 1 Service connecting India, the Middle East and Europe, starting this month.

The Grand Alliance will suspend its Japan-China Express service to the U.S. West Coast for the slack winter season beginning in late October.

Ocean carriers and charter shipowners have placed orders worth $57 billion for new container vessels over the next four years, with about half of the value of orders made as the industry emerged from

International container traffic during the first six months of 2011 at the Port of Nagoya rose 4.9 percent year-over-year, as auto exports grew 38.3 percent at Japan's top global trade port and gatewa

Excess capacity and insistence on chasing unprofitable market share will cause many container ship lines to lose money this year despite global volume growth of more than 7 percent, Drewry Maritime Re

A $120 million port and multimodal transport project in Myanmar will open up international trade with India’s isolated North East provinces.

As container terminals up and down the 102-mile Suez Canal were closing briefly during Egypt’s revolution last February, business through the waterway barely blinked.

The Georgia Ports Authority approved a $4.75 million project that will expand the Port of Savannah’s capacity for refrigerated container storage by 45 percent.

When political upheavals erupted across North Africa and the Middle East last February, it was just the beginning of a tumultuous time at the Suez Canal Container Terminal.

Just how successful has PierPass been at the Port of Los Angeles-Long Beach?

Some in the perishables industry already are talking about lawsuits as the Food and Drug Administration rolls out new fees for inspections of some imported foods.

Worldwide refrigerated trade is expected to grow at an unexciting but steady 3 percent annually for the next few years, but Ocean World Lines is thinking much bigger: The non-vessel-operating common c

Liner carrier CSAV says its board of directors will inject $1.2 billion into the company, and split the liner shipping business from a subsidiary that is involved in the marine service sector.

Exports of U.S. beef in July set a new value record of $513.1 million on volume of 120,424 metric tons.

After a brief, recession-driven pause in growth in 2009, global perishable refrigerated trade expanded 3 percent in 2010, and is expected to increase at that level for the next few years, according to

Maersk Line has a new direct weekly service from Latin America to the Black Sea. Called Ecumed, the service links Ecuador with Spain, Turkey and the Black Sea, using eight 2,500-TEU vessels.

The Institute of International Container Lessors urged the Federal Maritime Commission to refuse to expand antitrust immunity for an ocean carrier group that controls six intermodal chassis pools.

A big shift of manufacturing from China to the U.S. and other parts of North America will create up to 3 million U.S. jobs in coming years, says a study from Boston Consulting Group.

Hapag-Lloyd will apply a general rate increase on cargo shipped from the U.S.

Consumers in every part of the globe must be following the old adage “an apple a day keeps the doctor away.”

Bananas are the world’s most traded fruit.

CMA CGM denied reports Friday it is close to signing a $2 billion order for 20 large container ships from China, but the ocean carrier confirmed it is discussing possible charter deals with shipyards

The number of foreign trade containers moving through the Port of Tokyo rose 9.7 percent in the fi

The Port of Los Angeles said Thursday it will not appeal an appeals court ruling striking do

Wei Jiafu, chairman of Cosco Group, the world’s fourth-largest container line by capacity and the largest carrier based in China, will be the opening keynote speaker at

The Panama Canal Authority ordered 14 new tugboats in anticipation of more vessel traffic when the canal completes its

“If it was easy, everyone would be doing it,” the logistics director for a large U.S. health care products importer and exporter said recently.

Maersk Line plans to increase freight rates on westbound cargo from the U.S. to the Far East, starting Nov. 15.

Maersk Line changed the port rotation of its MESA Service connecting the Middle East, the Indian subcontinent and South Africa.

Maersk Line on Thursday denied reports that it is using its market size and economies of scale to drive weaker carriers out of the Asia-Europe trade and gain market share.

The National Retail Federation forecasts a 2.8 percent increase in holiday sales, and said