Container Shipping News

MOL’s full-year profit dropped by a third in its fiscal year ended March 31 even though its total revenue declined by only 4.1 percent.

Gen. David Petraeus told a congressional committee that ocean cargo carriers should consider putting armed guards on ships traveling through pirate-infested waters off the coast of Africa.

Congress will jump into the legal and policy issues raised by the recent expansion of pirate attacks on cargo ships in the Indian Ocean off the coast of Africa.

Horizon Lines lost $10 million in the first quarter, ended March 31, compared to a profit of $700,000 in the same quarter last year as volume declined and other unusual charges mounted.

A weekly container service linking Southeast Asia with the east coast of North America, starting on May 3, brings new traffic to the struggling Port of Halifax, Nova Scotia.

Profit fell 81 percent in the first quarter for China Shipping Development, the Shanghai-based parent of China Shipping Container Lines.

Rickmers Maritime (Trust) posted a first-quarter profit of $11.04 million, an increase of 32 percent from the $8.39 million it earned in the same quarter of 2008, on a hefty increase in revenue from c

Local agents of container lines calling at India’s Port of Jawaharlal Nehru called on Container Corp., the state-owned intermodal logistics provider, to speed evacuation of inland containers in

South Korea plans to launch a fund to buy vessels from cash-strapped shipping companies at market prices, and will loosen rules on ship purchases and investment in shippers, according to a statement b

Maersk Line today announced sweeping changes in the port coverage from Asia to North Europe, where it will focus on Felixstowe and Le Havre, and from Asia to the Mediterranean, where it is entering tw

Singapore-based MCC Transport, a subsidiary of Maersk Line, introduced a new Russia Service (RU-1) linking Vladivostok with Busan, South Korea.

Mediterranean Shipping Co., the world's second-largest ocean carrier, is closing the gap on market leader Maersk, by rapidly expanding its fleet through the deepest slump in container shipping, while

Complying with the PortCheck and PierPass programs in Los Angeles-Long Beach is a cumbersome task that is motivating shippers and freight intermediaries to look to other gateways for their discretiona

Cosco Container Lines announced plans to extend the port rotation of its Southeast Asia HSH Service, effective this month.

Neptune Orient Lines today promoted Jim McAdam president of APL Logistics, which, along with the rest of the NOL Group, has been struggling to maintain growth in the global economic recession.

Hamburg Süd boosted 2008 revenue 24 percent by means of a 25 percent increase in container volume.

CSAV, the financially troubled ocean container carrier, is pressing shipowners to slash hire rates by 30 percent, a move that could trigger a domino effect across the box ship charter market.

Maersk Line and CMA CGM confirmed that they will begin making weekly calls at the Port of Seattle’s Terminal 18 with a combined trans-Pacific service in June.

Maersk Line said Thursday it is revising the schedule of its weekly trans-Atlantic Service to include a call at Mobile, Ala., on its way to ports in North Europe, the UK, Ireland, and the Baltic count

Neptune Orient Lines said today it expects to report a net loss of US$240 million for the first quarter of 2009, ended March 31 when it issues its final results on May 12.

The Port of Long Beach saw improvement in its slumping container traffic in March but loaded boxes at the port still fell 22.2 percent from the same month last year.

OOCL’s revenue fell 31.2 percent in the first quarter, ended March 31 as its volume slipped by 15.6 percent, its parent, Orient Overseas International said Thursday.

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.

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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.

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

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

The U.S.