Container Shipping News

Zim Integrated Shipping Services, the troubled Israeli ocean container carrier, reported a second quarter loss of $186 million compared with $42 million deficit a year ago, swelling first half losses

Evergreen Line and the four lines of the CKYH Alliance (Coscon, “K”LINE, Yang Ming, Hanjin Shipping) will launch a cooperative service in the U.S.

The Jumbo Jubilee set a tandem heavy-lift record at the Huisman shipyard in Schiedam, Netherlands, this month when it lifted a 1,980-metric-ton ballasted pontoon with two 900-ton mast cranes.

Universal Africa Lines opened a new South African branch and launched a fortnightly shipping route to supply West African oil and gas exploration and production bases.

Matson Navigation Company Chairman James S. Andrasick is retiring from the company, effective Sept. 1. He has been Matson’s chairman since Oct.

Maersk Line will make several changes in its trans-Pacific services in September and October as it adjusts capacity to lower demand and tries to push rates back up to what it described as sustainable

United Arab Shipping will launch a container service called the IEC2 linking the Indian Subcontinent, the Arabian Gulf and North Europe, starting in mid-September.

The city state of Hamburg on August 25 agreed to an additional capital injection for Hapag-Lloyd, boosting the ailing ocean container carrier's chances of securing $1.7 billion in loan guarantees from

Israel Corp.’s recovery plan for Zim Integrated Shipping Services suffered a setback after management failed to get shareholder approval for a $100 million cash infusion for the struggling ocean

Three container lines will suspend a joint service between Asia and the U.S.

As of September 14, breakbulk and project cargo carrier BBC Chartering will be reducing its tariff by 20 percent for its breakbulk liner routes serving South America.

After years spent boosting their fleets and adding new services, ocean container carriers are reducing the number of ships in service as cargo volumes shrink across their global liner networks.

Plans to build a cold storage warehouse for frozen poultry exports along the Mississippi River in New Orleans threaten the city's French Quarter as well as other historic neighborhoods, according to a

CMA CGM pushed the ocean container line industry’s price hikes into new Australasia lanes Monday, announcing sharp rate increases for the region’s trade to and from Europe.

Maersk Line on Aug. 24 warned rival ocean container carriers it is prepared to fight a rate war to defend its market share.

U.S. reefer exports to Latin America total only about 10 percent of the volume of reefer exports to Asia. And only one reefer container goes southbound from the U.S.

Chris Connor keeps close track of his customers’ moods because that’s the only way he can tell whether he’s going to be able to fill his car carriers, and he is starting to see their moods change.

Goh Teik Poh has been traveling throughout Southeast Asia during the last six weeks, visiting customers and forwarders in Vietnam, Cambodia, Thailand, Malaysia and Bangladesh.

The No.

Three Beluga vessels, Fraternity, Foresight and Family are now in transit or in port along Russia’s Arctic-facing northern shore, the fabled Northeast Passage.

Maersk, the world's biggest ocean container carrier, swung to a $402 million second quarter loss from a year-earlier profit of $198 million as cargo volume and freight rates plunged deeply across its

Evergreen Line is adding the Far East and Indian Sub-Continent to Mediterranean Westbound Trades to its list of trade lanes to get a general rate increase as the peak season approaches and other ocean

India’s Cabinet Committee on Infrastructure on Aug.

Containerized cargo traffic at the Port of New York and New Jersey fell 18.8 percent in June as an accelerating decline in exports offset slight improvement in imported business, the Port Authority sa

Container trade imports will fall 20 percent in August and September and another 18 percent in October, pushing overall retail imports for 2009 down to the lowest level since 2002, industry forecaster

Deutsche Bahn, Germany's state-owned rail company, earned less than half the profit of a year ago due to "massive declines" in rail, ocean and air cargo volume.

CMA CGM carried the shipping world's rate hiking efforts to two more trade lanes on Wednesday, announcing price increases on container business from Asia to North Europe and between Asia and the Medit

The container ship order book is down to its lowest point since 2005 as ocean carriers and charter ship owners impose a buying freeze in a bid to rein in capacity amid plunging freight rates and shrin

The Asia to Chicago and Memphis container traffic of the Port of Prince Rupert, British Columbia, and its sea and rail partners, is on an upswing other North American ports have yet to experience.

Average spot rates for shipping a 40-foot container from Hong Kong to Los Angeles grew 5.5 percent in the week ending Aug.

Shipping industry analysts expect A.P. Moller-Maersk, parent of the world’s largest container line, to report a steep net loss when it reports its financial results this Friday.

The global recession brought volume and earnings down significantly at the Port of Charleston. Profit plummeted 53 percent to $25.7 million for the fiscal year ending June 30.

Container volumes at West Coast ports in July lagged far behind last year's numbers.

A.P.

India’s Port of Mumbai agreed to extend concessions on empty container storage charges for a further period of one year ending September 2010 in response to appeals from port users and the trade

The Russian navy arrested eight men for hijacking the freighter Arctic Sea, the Associated Press reported.

Hamburg's container traffic plunged 28.7 percent in the first six months of 2009 from a year ago, much deeper than declines at close rivals Rotterdam and Antwerp amid collapsing box imports from its k

CMA CGM carried the shipping world's rate hiking efforts to a new market Tuesday, announcing price increases on container business between Europe and the Indian sub-continent.

Neptune Orient Lines container shipping volume grew to its highest level this year in the monthly period ending July 24, growing 8.8 percent from the previous reporting period and providing a new sign