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container shipping news
Container Shipping News
Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity.
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Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
The latest Container Shipping News & Analysis
StreamLines Adds Felixtowe Call
Peter T. Leach |
StreamLines, a subsidiary of Belgium’s Seatrade Reefer Chartering, added calls at the Port of Felixst
Maritime
Container lines
Weak Import Demand Blunts U.S. Trade Deficit
Alan M. Field |
The overall U.S. trade deficit in January dropped to its lowest level in six years, not as a result of strong U.S. export performance but because of weak U.S.
Transport, Trade and Regulation News
Forwarding
Hamburg Sud Hikes Westbound Rates
Peter T. Leach |
Hamburg Sud is increasing freight rates on the westbound trans-Atlantic services as of April 10, the carrier announced.
Maritime
Container lines
Forwarding
Sinotrans Profit Soars
JOC Staff |
Hong Kong-based Sinotrans Shipping group profit for 2008 rose 146.4 percent to $347.1 million, from $140.9 million the previous year.
Maritime
Forwarding
Maersk Changes Scan-Med Rotation
JOC Staff |
Maersk Line announced a change in the port rotation of its weekly Scan-Med Service linking North Europe and the Mediterranean, effective in April.
Maritime
Container lines
Panalpina Net Income Tumbles Almost 50 Percent
Bruce Barnard |
LONDON – Panalpina almost halved net earnings last year and will cut approximately 10 percent of its workforce amid declining global cargo volumes, the Swiss logistics group said March 12.
Transport, Trade and Regulation News
Forwarding
Danaos Boosts 2008 Earnings
Bruce Barnard |
London – NYSE-listed Danaos, one of the world’s biggest containership charter owners, breached loan covenants and is delaying delivery of ten vessels even though earnings and revenue growt
Maritime
Container lines
Forwarding
Maersk Shifts Euromed Service
JOC Staff |
Maersk Line changed the port rotation of its weekly Euromed Service that covers the trade between Europe and the Mediterranean.
Maritime
Container lines
Transpacific Carriers to Revise Surcharges
Peter T. Leach |
The 14 container lines that belong to the Transpacific Stabilization Agreement will begin the transition to a new formula for calculating their bunker adjustment factor under their 2009-10 service con
Maritime
Container lines
South America’s Recovery Project
Leticia Lozano |
The economic recession spreading around the globe hitting South America, cutting sharply into containerized shipments as well as exports of automobiles and breakbulk commodities such as steel and fore
Maritime
Forwarding
Car Carriers Target Heavy Lift
Peter T. Leach |
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’ decks.
Maritime
Forwarding
Hanjin Hikes Asia-Europe, Trans-Atlantic Rates
Bruce Barnard |
London – Hanjin Shipping on March 10 said it will increase ocean freight rates on routes between Asia and Europe and across the Atlantic from April 1.
Maritime
Container lines
Taipei Opens Two Container Terminals
Peter T. Leach |
Evergreen Marine, Wan Hai Lines and Yang Ming officially opened two container terminals in ceremonies in Taipei today.
Maritime
Container lines
Forwarding
Maersk Seeks More Rate Increases
Peter T. Leach |
Maersk Line took steps March 9 to seek increases in freight rates on several more of its trade lanes.
Maritime
Container lines
Goldenport Bucks Box Trend, Boosts Profit
Bruce Barnard |
London – Goldenport Holdings, the London-listed container ship and bulk carrier owner, on March 9 reported net income in 2008 gained 50 percent from a year ago on a near 25 percent rise in reven
Maritime
Container lines
Port of Mumbai to Extend Box Concessions
Staff |
India’s Port of Mumbai announced plans to extend concessions on container stuffing and de-stuffing charges for a further period of one year ending March, 2010, following appeals from shipping li
Maritime
Forwarding
Maersk to Idle up to 25 Box Ships
Bruce Barnard |
London -- Maersk Line will idle as many as twenty five medium-sized container ships in 2009 as cargo volumes decline, the head of the world’s biggest ocean carrier said.
Maritime
Container lines
Kuehne + Nagel buys oil and gas logistics firm
Peter T. Leach |
Kuehne + Nagel said Monday it will take over J. Martens Holding, a Norwegian logistics provider to the oil and gas industry.
Transport, Trade and Regulation News
Maritime
Forwarding
OOCL Launches Online Cargo-Booking
Peter T. Leach |
OOCL is launching on March 9 an Internet-based service that enables customers to choose the ocean service they need, book space for their cargo online and track their cargo’s movement through th
Maritime
Container lines
From Bad to Worse
Peter T. Leach |
Ocean freight rates in the trans-Pacific will fall this year, although not as steeply as they have in the Asia-Europe trade, where some spot rates have hit zero.
Maritime
Container lines
Battle Over Benefits
Bill Mongelluzzo |
West Coast ports face a backlash from trans-Pacific carriers and a diversion of services if waterfront employers and labor leaders don’t work together to resolve skyrocketing costs in pension an
Maritime
Forwarding
Retail Container Traffic Sinks
Thomas L. Gallagher |
Retail container traffic at the nation’s ports sank 14.6 percent in January, according to the monthly Port Tracker report released March 6 by the National Retail Federation and IHS Global Insigh
Maritime
Forwarding
Greek Parliament OKs Cosco Piraeus Deal
Bruce Barnard |
London – Greek lawmakers approved a controversial agreement giving China’s Cosco Pacific a 30 year concession to operate container terminals in Piraeus, the country’s top box hub.
Maritime
Forwarding
Hapag-Lloyd Names CFO
Bruce Barnard |
London -- Hapag-Lloyd on March 5 named Peter Ganz as chief financial officer two weeks before the world’s fifth largest ocean carrier is due to be sold by its German parent TUI.
Maritime
Container lines
Maersk Boosts 2008 Profits
Bruce Barnard |
LONDON -- Maersk Line, the world’s biggest ocean container carrier, booked a modest increase in profits in 2008 as cost cuts, improved operating performance and higher freight rates in the first
Maritime
Container lines
Ports America in Lease at Port of Oakland
Bill Mongelluzzo |
The Port of Oakland awarded a 50-year concession and lease agreement to Ports America Outer Harbor to upgrade and operate five container berths in the port's outer harbor area.
Maritime
Forwarding
NOL Box Volume Plummets
Thomas L. Gallagher |
For the six week period ending Feb. 6, NOL’s container shipping volume dropped 35 percent due to a drastic decline in demand.
Maritime
Container lines
Global Ship Lease Loses $44M
Bruce Barnard |
LONDON — Global Ship Lease, the London-based container ship charter owner established by French carrier CMA CGM, reported a fourth quarter net loss of $43.7 million March 4 after a $50.7 million
Maritime
Container lines
Recession Puts Freeze On Lakes Season
Thomas L. Gallagher |
Less iron ore production due to the recession is likely to delay the start of the 2009-10 shipping season on the Great Lakes.
Maritime
Forwarding
Intermarine Takes Delivery of Industrial Egret
Staff |
The Industrial Egret, the second in a series of four new ships to enter the Intermarine fleet in the next twelve months, was delivered last month to Intermarine in Portugal.
Maritime
Forwarding
China Box Throughput Stalled for ‘09
Peter T. Leach |
Container volumes at most Chinese ports will grow at single digits rates this year, and may actually decline at some.
Maritime
Forwarding
Maersk to Hike Rates
Bency Mathew |
Maersk Line on Tuesday announced plans to implement a rate increase in the trade between Asia and Latin America, as part of a rate restoration program.
Maritime
Container lines
Containerships Acquires Contaz
Bruce Barnard |
LONDON -- Containerships, Finland’s leading regional short sea container line, acquired Contaz Maritime of Turkey, thus becoming a pan-European operator.
Maritime
Container lines
Trans-Pacific Rate Cuts Loom
Peter T. Leach |
LOS ANGELES -- If the big container lines that have cut rates to the unprofitable bone on the Asia-Europe trade start lowering their rates on the trans-Pacific this season, the other lines are sure to
Maritime
Container lines
Forwarding
Zim CEO Resigns
Bruce Barnard |
LONDON – The CEO of Zim Integrated Shipping Services, Doron Goder, has quit his post following differences over strategy with the Israeli ocean carrier’s parent company.
Maritime
Container lines
CMA CGM Hikes Rates
Bruce Barnard |
LONDON - CMA CGM on March 2 became the latest carrier to announce increases in ocean freight rates across its main trades for the second quarter.
Maritime
Container lines
Forwarding
Idle Box Fleet Reaches 1.35M TEUs
Bruce Barnard |
LONDON - Idled ocean container capacity on March 2 reached a record 1.35 million TEUs with 453 ships without work as carriers continue to axe services in the face of collapsing cargo volumes and tumbl
Maritime
Container lines
Forwarding
Panama Canal Asks for Dredging Bids
The Journal of Commerce Staff |
The Panama Canal Authority is asking for proposals to dredge the Canal's Atlantic entrance.
Maritime
Forwarding
Hapag-Lloyd, OOCL Suspend One Service
Bruce Barnard |
LONDON - Hapag-Lloyd and OOCL are temporarily suspending one of their three services between Montreal and Europe “as a result of economic developments.”
Maritime
Container lines
Samudera Profit Grows with Box Volume
The Journal of Commerce Staff |
Singapore-based Samudera Shipping Line posted net profit of $26.8 million for fiscal 2008, up 29 percent from $20.7 million the previous year.
Maritime
Container lines
Forwarding
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