Container Shipping News

The Port Authority at Vancouver, British Columbia, is canvassing its options, including legal action, after Canadian National Railway switched its rail service to trucks for three of the port's four c

Horizon Lines said a drop in shipping volume combined with $35.2 million in one-time charges, including $20 million to settle class-action lawsuits in the Puerto Rico trade, to produce a $31.1 million

Hapag-Lloyd and OOCL, extending the capacity cuts by container lines, will combine a joint trans-Atlantic service into a single loop with Mediterranean Shipping Co.’s Canadian Gateway service.

The Port of Seattle had its best month of the year for international containerized cargo in June, although volume measured in loaded TEUs declined 10.9 percent compared to the same month last year.

GATX, a railcar and maritime asset leasing provider, earned a profit of $12.7 million on total gross income of $288.1 million in the second quarter. Gross income was down 24 percent.

Ocean carrier ZIM will use Da Chan Bay Terminal One in Shenzhen, China for services covering the Asia-U.S.

One-third of all container ships under construction or on order will be delivered late after shipowners and ocean carriers persuaded shipyards to defer deliveries amid a growing glut of capacity.

The Port of Tampa is planning to tear down its ailing 35-year-old Harborside cold storage facility and concentrate on container cargo rather than breakbulk perishables.

In its first-ever monthly newsletter this month, the European Liner Affairs Association said Europe's total containerized import volume fell 20.6 percent in the first five months of the year, part of

Hanjin Shipping added its trans-Atlantic services to the growing parade of rate increases announced by ocean carriers, saying it will hike prices on the lanes Sept.

Container cargo traffic at Port Metro Vancouver, British Columbia, is down 15 percent for the first half of this year to 1.04 million 20-foot equivalent units, in a recession-induced slump in imports

Yang Ming Line, joining the liner company parade to raise pricing, will implement a general rate increase for cargo moving on its services from Asia to the United States, effective Aug. 10.

Negotiations for a $1 billion aid package for Hapag-Lloyd fell into a deadlock as its second-largest shareholder balked at injecting more cash into the struggling German ocean container carrier.

CMA CGM, ramping up pressure from carriers to push up beaten-down revenue, today confirmed it will apply a previously announced peak-season surcharge of $150 per 20-foot container on shipments from As

APL’s container volume and average revenue per container fell in the period from May 30 to June 26, its parent Neptune Orient Lines said Monday.

Kuehne + Nagel net profit fell 16.1 percent in the second quarter compared with a year ago as the global economic slowdown depressed ocean and air freight traffic.

The idea of nuclear power being the only practical answer to the world’s growing need for clean air is gaining traction.

When ocean carriers in the eastbound trans-Pacific this month said they planned to raise rates by 50 percent, reaction from retailers and cargo consolidators was swift, if not sharp: It was obviously

Stephen Donchez feels the pain of drivers who get stuck behind one of his big rigs.

Where energy development blooms, project cargo will follow — but how long it will be before Iraq is a busy commercial heavy-lift destination is anyone’s guess, because of the country’s bitter politica

News about near-sourcing trends in shipping inevitably refers to the container trades. Little has been reported about near-sourcing in breakbulk, and perhaps more attention should be paid to it.

Container shipping is a chronically unprofitable industry that is ripe for consolidation and awash with speculation about which line will be the next to sink.

The most important event for the project cargo business may have been this month’s meeting of the Group of 8 nations in L’Aquila, Italy.

Mediterranean Shipping is zigging while its competitors zag, and the numbers prove it.

Energy consumption in the developed nations of the Organization for Economic Cooperation and Development is expected to grow about 15 percent through 2030 — but consumption in developing or non-OECD c

Mighty Rotterdam, the world’s fourth-largest port, may dominate northern Europe’s ports, but it does not rule European breakbulk cargo. That distinction belongs to the neighboring Port of Antwerp.

The slump in the U.S. housing and automobile markets is having a chilling effect on copper shipments at the nation’s ports as shippers from leading South American producers bypass the U.S.

Petrochemical and refinery projects in the Middle East are starting to pump again after backpedaling in the wake of last year’s oil price crash.

Crisis? What crisis?

Containerized imports at the ports of Long Beach and Los Angeles fell 22.3 percent in June, the steepest combined decline at the nation’s largest port complex since March, according to figures r

Container traffic at Le Havre fell eight percent in the first half of 2009 from a year ago, around half the rate of decline at its larger rivals Antwerp and Rotterdam.

OOCL today christened the eighth Panamax class vessel in its line of 16 4,500-TEU vessels that it has ordered from Samsung Heavy Industries.

Fesco – Russia’s biggest ocean container carrier – reported 2008 revenues surged 40 percent from the previous year, but net income plunged 80 percent.

Japanese export ship orders during the first half of this year sank to the lowest level for a January-June period in 16 years, indicating a recovery in shipowners’ flagging demand for new vessels is n

The American fleet on the Great Lakes is having a very bad year, with a third of the vessels tied up and the remainder carrying 20.9 million tons of cargo for the first half, down 46.6 percent from th

Hapag-Lloyd announced it will raise its rates on the Trans-Atlantic in a series of steps that include an emergency bunker surcharge followed by a two-step general rate increase.

U.S.

After of months of a downward trend in container traffic through the Port of Halifax, some of the most recent statistics are showing a slight positive shift.

Volumes at India’s 12 major ports have seen growth for the second consecutive month, showing the early signs of a gradual recovery in the global economy.

Hanjin Shipping will join APL's Suez Express Service, linking South Asia, the Middle East and the U.S. East Coast, beginning at the end of this month.