Container Shipping News

Maersk Line will implement a general rate increase for cargo moving on its services from India to Europe. Effective June 1, the increase will be $100 per container for dry cargo.

Drewry Shipping Consultants is warning against a false dawn in the dry bulk shipping sector.

Some investment analysts think the ocean shipping industry may be reaching the bottom of its downturn and have started recommending Asian shipping stocks.

Average spot rates collected by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to a new low of $949 this week, down by 53.4 percent from $2,036 a year ago, according to data

Hanjin Shipping on May 20 officially opened its terminal facility at Busan, South Korea.

Ocean carriers in the Grand Alliance group are consolidating two of their Asia-based service loops amid steep rate declines on the Pacific.

Mediterranean Shipping Co. will phase out one of its five services from the Far East to the Mediterranean and Europe when it adds new 14,000-TEU vessels this month and in June.

Volume at the Port of Hamburg fell 21.7 percent in the first quarter, rounding out seven consecutive months of declining freight.

Barry Horowitz, general manager of container marketing at the Port of Portland, will leave that position on May 29 to return to his private consulting practice at CMS Consulting Services LLC.

Hanjin Shipping on May 19 took delivery of the Hanjin Monaco, a new 4,300-TEU vessel built by Samsung Heavy Industries.

On May 18, Executive Director Doug J. Marchand of the Georgia Ports Authority announced at its board meeting that vessels of China Ocean Shipping Company now are calling on the Port of Savannah.

Søren Thorup Sørensen, group chief financial officer of A.P. Moller-Maersk AS since 2006, said he will retire May 31 for personal reasons.

The Overseas Shippers Association selected GT Nexus to provide an integrated transportation management system.

Maersk Line will delay the general rate increase on the North America to Mediterranean and North Africa trade.

Hanjin Shipping is increasing freight rates in its Asia-Mediterranean/North Europe trades beginning June 1.

The Galveston Wharf Commission in a vote Monday unanimously opposed an application by port pilots that would raise their rates 43 percent over the next five years.

Effective July 1, 2009, ANL will be implementing a General Rate Increase (GRI) in the southbound trade for both dry and reefer cargo from the U.S.

The three carriers that remain in the Grand Alliance following the withdrawal of MISC Berhad said today that its departure would have no effect on the alliance’s trans-Pacific or trans-Atlantic

Containerized traffic handled by India’s major ports in April, the first month of fiscal 2009-10, dropped by 14 percent from a year ago, amid indications that the continuing slump in trade will

The Columbia River channel deepening project will receive $26.6 million in economic recovery funding to complete its last phase, U.S. Senator Patty Murray, D-Wash., announced May 15.

Containerized imports moving through the Los Angeles-Long Beach port complex in April plunged 21.5 percent, demonstrating that the long-awaited turn-around in international trade is not on the immedia

Average spot rates by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to $986 this week, down 51.6 percent from a year ago and the lowest level in a trans-Pacific downward pr

HHLA, Hamburg's biggest container stevedore, reported operating profit in the first quarter plunged 45 percent as box traffic slumped 32 percent from a year ago.

Malaysian container carrier MISC Berhad issued a notice to its partners in the Grand Alliance that it intends to withdraw from the group as of Jan. 1, 2010.

Yang Ming Line and Orient Overseas Container Line plan to upgrade their jointly-operated China-Pakistan-Express (CPX) Service, effective May 21.

The volume of containers handled by Singapore’s container terminals in April dropped by 17.7 percent from a year earlier and by 5 percent from March, according to throughput data from the Mariti

At a time when weakness in overseas economies has cut prices for exports by U.S. wood and paper producers, a group of 14 small forest product companies in the U.S.

Norwegian shipping billionaire John Fredriksen has failed to oust the chairman of TUI and launch a probe into the company's recent sale of its ocean container carrier Hapag-Lloyd.

The Sri Lanka Ports Authority has extended the bidding deadline for its proposed South Harbor container terminal project, near Colombo, from May 19 to June 16.

Great Lakes trade in the commodities that fuel North American industry is being hit hard by recession and some 30 U.S.

The head of maritime operating giant China Shipping says broad industry indicators suggest the ocean container market will improve in the second half of 2009.

London - Eimskip, Iceland's ailing container shipping and refrigerated logistics company, is selling a majority stake in Containerships, the Finnish short sea box carrier.

DFDS, a leading short-sea shipping line, reported earnings fell 44 percent in the first quarter of 2009 from a year ago as freight volume fell by as much as twenty five percent on its north European r

A. P. Moller-Maersk today announced the promotions of three of its executives in the management of Maersk Line and Safmarine, its container and breakbulk subsidiaries.

Rail transport at Rotterdam has broken through the one million TEUs barrier for the first time, taking market share from trucks and barges and improving the modal split at Europe's biggest box port.

Three former Horizon Lines officials and one former Sea Star Line manager were sentenced Tuesday in Jacksonville, Fla., to prison terms ranging from seven to 34 months for their roles in a price-fixin

The recession dragged intermodal shipping volume down 16.3 percent in the first quarter, the largest drop ever recorded by the Intermodal Association of North America.

Braemar Shipping Services, a ship broker and shipping and energy consultant, ended its fiscal year on Feb.

A strike by unionized workers at India’s Port of Jawaharlal Nehru disrupted container movements to and from the state-owned terminal.

A.P.