Container Shipping News

The French government said Dec. 2 it is willing to help CMA CGM, but the troubled ocean container carrier must first sign a debt restructuring deal with its creditors.

DP World’s planned container hub on the river Thames near London is facing renewed uncertainty amid reports of financing problems for the Dubai firm’s flagship project.

Israel Corp., the majority shareholder in Zim Integrated Shipping Services, said it has named Nir Gilad as chairman of the troubled shipping line, replacing Idan Ofer whose five-year term has ended.

South Korea’s largest container carrier, Hanjin Shipping, expects the recession-bound industry to recover by late next year, Chairwoman Choi Eun-Young said on Wednesday.

As part of its strategy of selling off non-core assets, A.P. Moller-Maersk agreed to sell its Rosti Technical Plastics Holding unit to privately owned Nordstjernan of Sweden for an undisclosed sum.

In a continuing drumbeat of rate increases on its global services, Evergreen Line on Wednesday announced that it will boost rates on all cargoes and commodities including reefer and special equipment

A.P.

Customs and Border Protection intends to close its drawback office for the ports of Los Angeles and Long Beach, according to an announcement Tuesday in the Federal Register. The agency set a Dec.

Port operations at Halifax, N.S., are feeling the impact of a locomotive engineers strike against Canadian National Railway.

Lloyd’s Register Classification Society (China) teamed up with Shanghai Bestway Marine Engineering Design to develop a new fuel-efficient bulk carrier that can satisfy demands by shipowners and

Container traffic rose 5 percent at Marseilles in the first ten months of 2009 compared with a year ago even as France's biggest port suffered a double digit decline in overall cargo volume.

Bob Magee, an executive with Totem Ocean Trailer Express, Sea Star Line and their holding company, died Monday, Saltchuk Resources announced.

When the CMA CGM Christoph Colomb pushed out of a South Korean shipyard early this month, the massive vessel set several records for its scale, but nothing was quite as breathtaking to the trans

Maersk Line will call at DP World’s new Muelle Sur container terminal in Callao, Peru, when it opens next spring under an agreement signed this week.

Zim Integrated Shipping Services, suffering a steep drop in demand in its container shipping business, reported a $208 million loss in the third quarter on Thursday, more than triple the loss from las

Private investors on Thursday joined key talks between CMA CGM and its bankers over restructuring the troubled French ocean carrier’s $5.6 billion of debts.

Exporters and other interested parties have an additional month to tell Customs and Border Protection what they think about a controversial change in drawback regulations.

Matson announced a rate increase for its Hawaii service and for its Guam and Micronesia services. The company is also hiking terminal handling charges.

The members of the CKYH Alliance announced Wednesday that they will adopt their winter season schedule on the trade between Asia and North America starting at the end of November.

CMA CGM on Tuesday announced changes in the port rotations of its two trans-Atlantic Liberty Bridge services and its St.

CMA CGM will increase its piracy risk surcharge for transporting containers through the Gulf of Aden next month, the French carrier said Tuesday.

Two German container shipowners that had previously requested aid from the German state have withdrawn their applications, the Financial Times reported Tuesday.

The National Retail Federation and IHS Global Insight said Monday that major U.S. ports would soon see their first year-over-year growth in nearly three years.

Production of crude steel, a key breakbulk cargo, in the 66 countries that report to the World Steel Association increased 3 percent from September to October, or to 112,177 million metric tons from 1

COSCO Container Lines announced two rate hikes last week.

OOCL christened the 11th ship in its series of 16 Panamax vessels with a capacity of 4,500 20-foot equivalent units each. Samsung Heavy Industries is building the ships.

China ‘Steeling’ the Market

When project cargo such as wind energy components is sourced in Asia and bound for the U.S. Midwest, it would make sense to discharge it on the West Coast, right?

Breakbulk carriers have been learning about piracy the hard way: hands on.

Chinese investment in African infrastructure is rising, fueling increased trade, particularly breakbulk cargo, between China and Africa and opening new doors for forwarders and carriers.

From where Marc Schweiger sits, mining will be the next big thing in Africa.

While energy-related heavy-lift equipment is the dominant cargo moving into West and Central Africa, the mix is becoming more diversified. So are the carriers.

Old and new Africa hands know the potential pitfalls of doing business in the sub-Sahara, with the exception of South Africa, are myriad.

The global economy may be crawling ahead at a snail’s pace, but for many U.S.

Africa’s 53 countries are typically grouped into five regions, according to the African Development Bank:

Where will the world’s next quantum leap in development occur? What region has the most potential, and the most work to be done?

Nick Halper, director of export at Paper Tigers, is a happy U.S. exporter right now. Wastepaper shipments to Asia are fairly strong.

If this were a boxing match, the bout would be stopped for excessive bleeding.But it’s not, and for the liner operators issuing their latest round of financial reports, the suffering will contin

Seven months after the dramatic Navy rescue of Capt.

Capt.