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Container Shipping Line

Members Of Grand Alliance To Add U.S.-Asia Service

Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.


Container Lines To Impose Surcharges

Container shipping lines operating on the Atlantic will reportedly start imposing surcharges to reflect rising bunker fuel costs. A bunker adjustment factor of $21 per 20 ft container and $42 per 40/45 ft container for traffic to and from U.S. Atlantic/Gulf coast ports will be added from October 13, the Trans-Atlantic Conference Agreement (TACA) said. Meanwhile, container shipping lines in the North Europe - Asia eastbound management agreement (EMA) will raise freight rates beginning Oct


Container Lines Plan Pacific Freight Rate Rise

Photo courtesy CMA CGM

Container shipping lines have agreed to raise Asia-U.S. freight rates by $300 per 40-foot container (FEU) to west coast ports of the U.S. and by $400 to all other ports in the U.S from May 15. The increase was agreed by companies in the Transpacific Stabilization Agreement (TSA) which also adopted a $400 per FEU peak season surcharge effective June 15, the TSA said in a statement. The TSA groups 15 of the world's biggest container shipping lines, including Denmark's Maersk Line


Atlantic Container Rates To Soar

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said


Maersk Beats Profit Forecast on Shipping Business

Q4 net profit falls to $936 mln vs $808 mln forecast; Company will issue bonus shares. Danish shipping and oil group A.P. Moller-Maersk said 2013 net profit fell less than expected thanks to higher earnings at container shipping business Maersk Line. Fourth-quarter net profit fell to $936 million, Maersk said on Thursday, beating the average forecast of $808 million in a Reuters poll of analysts. Underlying group net profit this year is expected to be in line with 2013's figure of $3


Laid-Up Container Ships

A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year


New Berlin, Hamburg Water Transport Routes

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On Monday, 03 August 2009, the first containers that were brought from Berlin to the Port of Hamburg via the new Elbe-Spree inland waterway were unloaded. The line operated by the Berlin Hafen- und Lagerhaus AG in cooperation with Konrad Zippel Spediteur GmbH from Hamburg will now be used for transports from City-GVZ Berlin Westhafen to the Hamburg container terminals and vice versa every week. The inland water vessel MS Shir Khan has a transport capacity of 54 TEUs (standard


NOL Group Signs Contracts for Containerships

NOL Group confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest vessels. The confirmation follows the Group’s announcement on June 15 that it had signed letters of intent with both shipyards for its $1.54 billion newbuild program. The signed contracts are for:


Le Havre Freezes Container Harbor Dues Again

GPMH (Grand Port Maritime du Havre) has decided to freeze harbor dues for containerships, for the third consecutive year. This decision underlines GPMH’s will to offer its customers, the shipowners, an attractive pricing policy, in a hard economic environment.   An attractive pricing policy for the third year running in 2012   The decision to freeze harbour dues for containers in 2012 is made after two successive freezes in 2010 and 2011


Maersk Orders 10 Ships from Daewoo

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Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015, they will entirely change the shipping industry's understanding of size and efficiency. Called the 'Triple-E' class for the three main purposes behind their creation -- Economy of scale


Asia-Europe Container Freight Rates Fall 6.6%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.6 percent to $1.055 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


CMA CGM Joint Service Between NE Asia, Australia & N. Zealand

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  CMA CGM S.A. (CMA CGM), has announced the co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade commencing from Shanghai in early of November.


Evergreen Line Makes Maiden Call to Boston

ItalLunare docked at the Port of Boston

Evergreen Line’s ItalLunare celebrated its maiden call to the Port of Boston with an official first call and plaque presentation on Wednesday, the Massachusetts Port Authority (Massport) announced. This is the first time Evergreen Line has called Boston directly in nearly 30 years.


CMA CGM to Launch New Joint Liner Service

CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), to offer a new joint service in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early of November


Asia–U.S. Container Lines to Introduce Freight Increase

TSA Containership: Photo Evergreen Line

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1


First Container Ship Call at Duke Point Terminal, Nanaimo

MV Westwood Pacific loading: Photo NPA

The arrival of the 'M/V Westwood Pacific' at the Nanaimo Port Authority’s Duke Point terminal marks the first such berthing at the Port’s facilities and will provide a direct link to Asia. Westwood Shipping Lines operate a dedicated break bulk and container service to Asia and have


Transpacific Container Shippers Aim for Rate Rise

Photo: Maersk

A container shipping organisation urged companies on Monday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. TSA (Transpacific Stabilization Agreement) said the planned increase follows


Asia-Europe Container Rates Fall Almost 11 pct

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Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Adani Ports PAT for Q1FY15 Increases by 36%

Adani & SEZ

  Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced financial results for the quarter ended June 30, 2014. Consolidated cargo handled by the company was 33.83 MMT in Q1FY15, an increase of 27%, over corresponding quarter last year


Weak Financials Drive Container Leasing Sector - Drewry

Container Leasing

  The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently published Container Leasing report. And Drewry forecasts that this trend will continue.


Hanjin Makes Maiden Call to Boston

Hanjin Milano made its maiden call at Conley Terminal Friday (Photo: Massport)

The containership Hanjin Milano made its maiden call at Conley Terminal Friday, the Massachusetts Port Authority (Massport) announced. This is the first time that Hanjin Shipping has called the Port of Boston directly, opening a new channel of economic impact for the region.


Continued Growth for Container Leasing Sector

Photo: Drewry

The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently published Container Leasing report. And Drewry forecasts that this trend will continue.


Asia-N.Europe Container Freight Rates Jump 21%

Photo: Maersk

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


“K” Line and Ports America Deal on Strategic Partnership

Terminal Operation backed by K Line

  KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce that “K” Line and Ports America have agreed to form a strategic partnership aimed at enhancing and expanding “K” Line’s container terminal business.


200th Airbus A320 Shipset Loaded for China

Loading of the 200th shipset A320 FAL at the Airbus quay in Finkenwerder (Photo: Airbus/Christian Brinkmann)

The 200th shipset for Airbus’s A-320 final assembly line (FAL) in Tianjin, China, was loaded on to the containership COSCO Hope at HHLA’s Container Terminal Tollerort on July 28 and dispatched onwards to Asia. Transport by sea to Tianjin lasts around 40 days.






 
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