Container Shipping News

French naval forces seized 11 suspected pirates off the coast of Somalia April 15, as pirates ramp up attacks on commercial ships in the Indian Ocean.

Import cargo volume at the nation’s major retail container ports hit its lowest level in seven years in February as the number of containers dropped below 1 million for the first time in half a

Despite the actions most container lines have taken to cut their vessel overcapacity, they are not doing enough to make a difference says Drewry Shipping Consultants in a new report.

Japanese export ship orders sank at their fastest pace in 16 years in fiscal 2008, which ended on March 31, as the global economic crisis that erupted last autumn dampened ship owners' demand for new

Cosco Container Lines launched its Coscon Fuzhou-Southwest America Service, effective this month.

A.P.

In the week after being downgraded by two ratings agencies, Chilean boxship owner CSAV went to Hamburg, Germany to negotiate a capital infusion to weather the growing global economic gloom.

Idled ocean container capacity fell for the first time in six months as carriers re-activated larger vessels amid a seasonal increase in cargo volume, but the jobless figures likely will surge again l

The docks that make up port cargo terminals, where millions of steel containers full of freight are transferred from ships to the shore or the other way around, are normally a death-defying place to b

The Long Beach Board of Harbor Commissioners on Monday unanimously approved an exhaustive environmental study, paving the way for the port’s first major capital improvement project in more than

Hyundai Merchant Marine will add two container cranes in May at their Washington United Terminals in Tacoma.

Two major container carriers said they are maintaining the routing of the big ships that ply the trade lane between Asia and Europe via the Suez Canal during the recent spate of pirate attacks off the

The four carriers in the CKYH Alliance held their 2009 Summit Meeting in Jeju, Korea on April 9 to discuss joint strategies on how to overcome the current crisis in the shipping industry.

The number of foreign trade containers handled by the Port of Tokyo fell for the first time in three months in November last year on a year-on-year basis, edging down 1.1 percent to 313,559 TEUs.

It’s tough for George Adams, president of SA Recycling in Anaheim, Calif., to see much good about the global trading economy when scrap steel exports are down 30 percent this year.

When Robin Silvester left Canada four years ago for a leadership position at P&O Ports, Port Metro Vancouver was in the midst of a surge in business from an Asia export boom that fed the Pacific N

Some believe the housing sector that led the world into the economic slump may help lead the economy to recovery.

The U.S.

LONDON — The Rotterdam Port Authority’s income rose 32 percent in 2008 from a year ago on higher harbor dues as cargo traffic in Europe’s biggest container port hit an all time high.

LONDON — The containership order book is down to an 18-month-low, but ocean carriers and charter owners face rising overcapacity with shipyards poised to deliver hundreds of big vessels in the n

Hoping to prevent further deterioration in ocean freight rates, shipping lines in the eastbound Pacific are attempting to scrap the spot rates that have crept into service contracts and to establish a

The Port of Long Beach honored 14 shipping lines that led the industry in reducing their vessel speed within 20 miles of the coast in order to reduce harmful diesel emissions.

Capt.

The four Somali pirates who seized and then lost control of the Maersk Alabama continued to hold its skipper, Capt.

The Port of Jacksonville handled 656,805 vehicles during fiscal year 2008, a seven percent increase from FY 2007, making it the nation’s second busiest vehicle-handling port after New York/New J

The Maersk Alabama was heading to its original destination port of Mombasa, Kenya, a day after it was hijacked off Somalia's coast, CNN reported Thursday, quoting

Container traffic in Rotterdam plunged 16 percent in the first quarter of 2009 from a year ago as the global economic downturn impacted all liner services to Europe's biggest box port.

Evergreen Line announced plans to upgrade its China-South U.S. West Coast-China Service (CPS) and Asia-U.S. East Coast Service (AUE) with improved transit times on the route.

A U.S. Navy destroyer, the USS Bainbridge, was in position near the lifeboat believed to be carrying the pirates and their hostage Capt. Richard Phillips.

The captain of the Maersk Alabama, the U.S.-flag, Danish-owned container ship that was hijacked in the Indian Ocean early Wednesday morning and then retaken by its American crew, is still being held h

The American crew of the hijacked Maersk Alabama retook the containership Wednesday from the Somali pirates who seized it earlier in the day far off the Horn of Africa, Pentagon officials said.

Evergreen Line said it will reduce the transit times on its weekly Far East - Panama service (FPS) from China to Mexico and Panama, in order to speed the service to Central America, the Caribbean and

Cargotec subsidiary MacGREGOR provided a vehicle access outfit for a new Channel cruiseferry and won a separate contract in Japan to fit the first complete set of electrically-driven roll-on, roll-off

Somali pirates hijacked the U.S.-flagged Maersk Alabama and its crew of 20 American crew members early Wednesday morning off the coast of Somalia.

CMA CGM profit dropped by almost 87 percent to $124 million in 2008 from $966 million in 2007 as freight rates plummeted on all of its major trade lanes.

Maersk Line, pressing its effort to boost depressed ocean rates, announced price increases Tuesday for eastbound freight service from Northern Europe, North Africa and Mediterranean to the Middle East

When the Environmental Protection Agency last week declared an offshore zone to control air pollution from ocean shipping, it was one of those rare occasions when everyone from the American Lung Assoc

Zim Integrated Shipping Services swung to a $322 million loss in 2008 from a year-earlier profit of $23 million on higher fuel bills, a write off for reduced ship values and reduced fourth quarter car

Terex agreed to a new deal to acquire the port equipment business of Italy's Fantuzzi Industries.

Evergreen Line announced plans to upgrade its Far East-Panama Service (FPS) with improved transit times to Central America, the Caribbean and South America West Coast.