Container Shipping News

London, March 23 -- TUI closed on the sale of ocean carrier Hapag-Lloyd to a group of Hamburg-based investors after making several costly concessions to salvage the deal.

The U.S.

CMA CGM said today it is canceling one of its all-water services between Asia and the U.S.

Hamburg Süd said it christened the first Argentine-built ship in its 137-year history on Sunday in Buenos Aires.

The number of containers handled by the Port of New York and New Jersey during 2008 dropped by 34,052, essentially showing no growth over the previous year as the global economic recession slowed trad

Prevailing winds move west to east, and so do most containers crossing North America.

Importers and exporters are diverting some cargo to other gateways because of the plethora of fees Los Angeles and Long Beach charge to fund infrastructure and environmental programs.

Whether it was slumping trade volume, the deepening global recession, individual circumstance or a combination, the last year brought some reshuffling among the ranks of the world’s largest cont

U.S. Gulf ports aren’t waiting for the economy to recover to launch aggressive infrastructure projects.

Federal officials rushing to roll out the Transportation Worker Identification Credential are getting some help from an unexpected quarter — the recession.

Maersk Line capped the coldest winter for ocean carrier profits by firing a warning shot on rates across the bows of other carriers.

London -- Container traffic at Marseille, France's biggest port and second largest box hub, tumbled 32 percent in February from a year ago on sharply lower imports from Asia and sporadic strikes by lo

London -- Container ship charter rates have plumbed new lows as ocean carriers trim their fleets and press ship owners for deeper discounts amid slowing cargo volumes and sagging freight rates on most

Intermodal shippers in Los Angeles-Long Beach say ocean carriers that are attempting to comply with the ports' clean-truck regulations could be violating the terms of the through bill of lading contra

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Consolidated container throughput at major ports in India grew by a mere 0.5 percent in the April-February period, amid strong indications that the country’s gateway hubs would miss targets set

Maersk Line announced plans to implement a rate increase for the trade moving from Australia to North and Southeast Asia.

NYK, &ldquo;K&rdquo; Line, Pacific International Lines and Hyundai Merchant Marine said they will launch a joint service between the Far East and the east coast of South America starting in mid-June.<

The CEOs of the container shipping lines in Transpacific Stabilization Agreement said Tuesday they will try to ensure service contracts for the 2009-20

The National Shipping Company of Saudi Arabia will add its inaugural call at the Port of Charleston to its North America service during the week of March 30, the South Carolina State Port Authority sa

Sea Ocean International, a Jamaican shipping line, will launch a dedicated weekly container service between Miami and Kingston with its first departure from Miami on March 20, according to South Flori

Container volumes in February plunged 40 percent at the Port of Long Beach and 32.5 percent in Los Angeles as the nation's largest port complex struggled through its worst month in years.

Member lines of the Asia-Australia Discussion Agreement announced plans to implement a rate increase, as part of a rate restoration program.

French ocean carrier CMA CGM will take delivery on March 18 in South Korea of the world's first containership fitted with an oil recovery system designed to prevent marine pollution.

Japanese export ship orders tumbled on a year-on-year basis for the fifth consecutive month in February as demand for new vessels flagged amid the deepening global economic slump.

London -- Idled ocean container capacity hit a new high of 1.41 million TEUs, or 11.3 percent of the world fleet on March 16, with 484 ships lying at anchor as carriers continued to retrench amid decl

United Arab Shipping will increase rates on several trade lanes, as part of a rate restoration program.

Nine companies have expressed interest in bidding for the planned deep-water container terminal project at India's Port of Chennai, as the deadline for submission of request for qualifications ended o

A review of the short-term global economic outlook by leading analysts suggests any attempt at optimism regarding today&rsquo;s shipping industry would be little more than a Pollyanna daydream.

Vehicle production and exports in Latin America&rsquo;s top three auto-making countries &mdash; Argentina, Brazil and Mexico &mdash; are plunging amid the global economic crisis as U.S.

The economic recession spreading around the globe is hitting South America, cutting sharply into containerized shipments as well as exports of automobiles and breakbulk commodities such as steel and f

For six years, copper defied every bullish forecast and every bearish warning.

The South American steel industry has not escaped the global economic crisis.

New England&rsquo;s &ldquo;New Economy&rdquo; is bumping up against some of the same logistics and infrastructure challenges plaguing the economies of old.

Amid the deepening slump in the automobile market, car carriers are focusing more of their marketing efforts on oversize, non-automobile cargo to fill the empty space on their vessels&rsquo; decks.

Will the federal stimulus package have a profound effect on the U.S. steel industry?

LONDON &mdash; The First Container Terminal in St. Petersburg, Russia&rsquo;s biggest box terminal, reported traffic in February plunged 27.3 percent from a year ago as imports collapsed.

LONDON &mdash; Wallenius Wilhelmsen Logistics, one of the world&rsquo;s biggest ocean car carriers, said it expects to idle up to 20 percent of its fleet this year amid a deepening slump in global aut

Delmas, the CMA CGM Group subsidiary that specializes in the African trade, has started calling at the West Africa Container Terminal in Onne, Nigeria, APM Terminals said today.

NYK Logistics (Americas) has named Timothy J. Nolan as the position of senior vice president and general manager of its non-vessel-operating common carrier and customs house brokerage division.