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container shipping news
Container Shipping News
Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity.
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Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
The latest Container Shipping News & Analysis
China Cosco Warns of Full-Year Loss
Peter T. Leach |
China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.
Maritime
Container lines
Forwarding
Hapag-Lloyd Loses $986 Million in Nine Months
Bruce Barnard |
Hapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany's biggest ocean container carrier booked double digit decl
Maritime
Container lines
MOL Hikes Reefer Rates
Thomas L. Gallagher |
MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand.
Maritime
Container lines
Forwarding
Port of LA Cuts Terminal Rents
Bill Mongelluzzo |
Marine terminal and shipping industry executives applauded the latest relief program that will save Port of Los Angeles tenants about $25.7 million in the coming year.
Maritime
Forwarding
TUI Rebuffs Fredriksen Board Bid
Bruce Barnard |
Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board.
Maritime
Container lines
Forwarding
Asia-Europe Container Rates Rise
Bruce Barnard |
The year long decline in Asia-Europe container traffic is slowing and freight rates are rising, according to the latest figures from ocean carriers.
Maritime
Forwarding
Banking on the Gap
Peter T. Leach |
Many of the European banks that traditionally have financed shipbuilding are quitting the business, leaving a troubling gap in the financial underpinnings of the business.
Maritime
Forwarding
Chassis Pools Get Roadworthy
Joseph Bonney |
Maersk Line is gaining traction with its U.S. chassis pool, and momentum is building for a new structure to manage the critical intermodal truck equipment across the country.
Maritime
Trucking News
Container lines
Forwarding
Grand Alliance Adds Vietnam Stop
Peter T. Leach |
The Grand Alliance ocean container shipping venture will add Vietnam to its Asia East Coast Express service next month, joining the rapid buildup of international transportation connections to the cou
Maritime
Container lines
Forwarding
Security Studies Under Way
R.G. Edmonson |
While private companies and government researchers look at ways to efficiently scan ocean cargo containers, the National Academy of Sciences is studying whether the Department of Energy, which deploys
Transport, Trade and Regulation News
Forwarding
100 Percent Stalled
R.G. Edmonson |
There is a serious delay at the container screening line.
Transport, Trade and Regulation News
Maritime
Forwarding
Judge Clears Matson Ship for U.S. Service
R.G. Edmonson |
A Matson ship that received major work at a Chinese shipyard may continue to operate in Jones Act service, the U.S. District Court for Eastern Virginia ruled.
Maritime
Container lines
Crowley Adds Third Central America Sailing
Peter T. Leach |
Crowley Maritime is starting a third, fixed-day sailing to its “Speed to Market” services from Port Everglades, Fla.
Maritime
Container lines
Buyers Postpone 20 Percent of Box Ship Orders
Peter T. Leach |
The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in De
Maritime
Container lines
Forwarding
U.S. Court Fines Greek Carrier $2.7 Million
R.G. Edmonson |
A U.S. district court in New Orleans on Thursday fined Greek carrier Polembros Shipping $2.7 million and banished its vessels from U.S. waters for three years, the Justice Department said.
Maritime
Container lines
Maersk to Expand Chassis Program
Peter T. Leach |
The U.S. arm of Maersk Line is extending its Direct ChassisLink program to Boston, Philadelphia, Baltimore, Rochester, Worcester, and Pittsburgh as of Feb. 1 of next year.
Maritime
Container lines
Forwarding
Rickmers Appoints Swiss Agent
Journal of Commerce |
Rickmers-Linie, the Hamburg-based breakbulk, heavy-lift and project cargo specialist, appointed Zurich-based Brunoni SA as its Swiss agent, effective Jan. 1.
Maritime
Forwarding
Liner Shipping's Economic Impact Tops $436 Billion
Peter Leach |
The liner shipping industry generated $436.6 billion in direct and indirect benefits to the world economy in 2007 and provided 13.5 million jobs, according to a new study commissioned by the World Shi
Maritime
Forwarding
Seattle Sees 51.4 Percent Export Jump
Bill Mongelluzzo |
Containerized exports at the Port of Seattle increased 51.4 percent in October over the same month last year, pushing the Pacific Northwest port to its busiest month since 2007.
Maritime
Forwarding
Maersk to Call Colombia Banana Port
Bruce Barnard |
Maersk Line is launching the first scheduled container service to call at Turbo, Colombia's main banana export port.
Maritime
Container lines
Forwarding
MISC Quits Grand Alliance
Peter T. Leach |
The Grand Alliance is losing one of its four carrier members, MISC Berhad (Malaysia), which said Wednesday it is withdrawing from the group as of Jan. 1.
Maritime
Container lines
Forwarding
Marseilles Freezes Port Charges
Peter T. Leach |
The French Port of Marseilles Fos will freeze its port tariffs through 2010 to support customers “in a strained economic context” and to enhance the port’s competitiveness, the port
Maritime
Forwarding
Hong Kong Box Traffic Dropped 16 Percent
Peter T. Leach |
The slowdown in global trade took its toll of Hong Kong’s container traffic in the third quarter, according to the latest figures released by Hong Kong’s Census and Statistics Department.<
Maritime
Forwarding
UNCTAD Warns of Shipping Troubles
Peter T. Leach |
Global seaborne trade grew to 8.17 billion tons in 2008, which, though a record volume, represented a growth rate of only 3.6 percent, lower than in the previous year, the United Nations Conference on
Maritime
Forwarding
Container Fleet Growth Hits 10-Year Low
Bruce Barnard |
The world container ship fleet grew at the slowest rate in 10 years in 2009 as nearly one out of eight vessels is laid-up.
Maritime
Container lines
Forwarding
Bremerhaven Boxes to Drop 20 Percent
Bruce Barnard |
BLG, the Bremen/Bremerhaven port company, said container traffic will close the year around 20 percent below the 2008 figure, and auto shipments will slump by 40 percent.
Maritime
Forwarding
IBM Inks IT Contract with Moller-Maersk
Peter T. Leach |
A.P. Moller-Maersk signed a new five-year contract with IBM for the provision of IT hosting and support services.
Maritime
Container lines
Port Nehru to Build Export Processing Zone
JOC Staff |
India’s Port of Jawaharlal Nehru plans to set up a port-based export processing zone, a first-of-its-kind project in the country, the port trust said Tuesday.
Maritime
Forwarding
First Ship Lease Pulls $200 Million Note Offering
Bruce Barnard |
First Ship Lease Trust pulled a planned $200 million note offering Dec. 7, citing the fallout from Dubai World's financial problems.
Maritime
Forwarding
DHL Launches India-Dubai Service
JOC Staff |
DHL launched direct less-than-container-load services connecting India’s largest container port of Nhava Sheva (Jawaharlal Nehru) to Dubai.
Maritime
Forwarding
Bahrain Inaugurates Box Port
Peter T. Leach |
Bahrain officially inaugurated its new Khalifa Bin Salman Port on Sunday in ceremonies attended by King Hamad bin Isa Al Khalifa.
Maritime
Forwarding
Carriers to the Bank
JOC Staff |
Deepening financial troubles may be triggering deep changes at CMA CGM and Zim Integrated Shipping Services.
Forwarding
Maritime
Container lines
Clearing the Air
R.G. Edmonson |
Someday the “sovereign” states of shipping and aviation will join nations of the world in adopting an overall scheme to reduce greenhouse gases in the atmosphere.
Transport, Trade and Regulation News
Air Cargo
Forwarding
Who’s No. 1?
Joseph Bonney |
Any news of a carrier’s higher volume has a man-bites-dog quality these days.
Maritime
Forwarding
Currency in the Balance
Peter T. Leach |
Geoffrey Giovanetti keeps close tabs on the tippling tastes of American oenophiles. And as managing director of the Wine and Spirit Shippers Association, his business has been good this year.
Maritime
Forwarding
Flagging Demand Cutting Carrier Services
Joseph Bonney |
International maritime shippers don’t miss the congestion that accompanied the surge in import volume earlier this decade, but they’re struggling to adjust supply chains to changes and cut
Forwarding
Maritime
From Life Support to Recovery
Joseph Bonney |
Is the worst over? It’s starting to look that way for container shipping volume, if not for carriers.
Forwarding
Maritime
Maersk Raises $704 Million in Bond Issues
Bruce Barnard |
A.P. Moller-Maersk raised approximately $704 million in two separate bond issues, just weeks after it first tapped the corporate bond market.
Maritime
Container lines
NOL November Volume Jumps 23 Percent
Peter T. Leach |
Neptune Orient Lines said volume grew 23 percent in November compared to the same month a year ago at its container line APL but that pricing and demand also slipped from October.
Maritime
Container lines
Forwarding
CSCL Celebrates 10 Years Serving U.S. West Coast
Bill Mongelluzzo |
China Shipping Container Line celebrated the 10th anniversary of its first West Coast calls with a commitment to customers to adjust to changing economic times in order to meet their service requireme
Maritime
Container lines
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