Accounting firm Samil PricewaterhouseCoopers told the Korean court overseeing the bankruptcy of Hanjin Shipping that liquidating the carrier would be “more economical” than continuing its rehabilitation, Korea’s Yonhap News Agency […]

Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier’s gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.

FedEx Express Chairman and CEO Fred Smith said the President-elect should seek changes in the Trans-Pacific Partnership agreement negotiated among the United States and 11 other countries, rather than outright […]

The credit rating agency said container shipping companies will continue to face oversupply, and profitability could be put under even more pressure if bunker fuel prices increase.

PierPass said it will review the possibility of applying a lower flat fee for both day and night moves, with appointment systems to help regulate traffic, or a port-wide “peel-off” […]

The Danish conglomerate said at its 2016 Capital Markets Day presentation that it wants container shipping to once again become a growth business for the company, while APM Terminals will […]

Ports America and Sydney Harbour Investment Partners want to develop a dedicated, semi-automated, deep-water marine container facility than can handle ships carrying over 18,000 TEUs at the Port of Sydney, […]

Islamic Republic of Iran Shipping Lines is ordering four 14,500-TEU containerships and six chemical/product tankers from the South Korean shipbuilder.

The group sent a letter to the President-elect, praising his recognition of the need for infrastructure investment and making suggestions on how to improve the economic competitiveness of the nation’s […]

Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve […]

Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve […]

Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk […]

The company’s $1.3 billion investment will be made throughout Mexico, and will involve building distribution centers and expanding existing ones.

H.R. 6455, the “Energizing American Maritime Act,” would require that up to 30 percent of exports of LNG and crude oil travel on U.S.-flagged vessels.

The Xin Guang Hua was built by Guangzhou Shipyard International Company and is capable of handling 100,000 metric tons of cargo.

The shipping company’s first of six new vessels is expected to be delivered in the fourth quarter of 2017.

A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their […]

A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their […]

A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a […]

Supply chain innovation teams, created by the Federal Maritime Commission, say a national portal could improve port performance and increase American economic competitiveness.

A report issued today by the AASHTO and the AAPA said the FAST Act has brought ports and cargo fully into the surface transportation network and has given the nation […]

The London-based shipping research and consulting firm said expenses have been cut to the bone in the past two years, so increases would not be unexpected.

Marseilles, France-based ocean carrier CMA CGM said that since Oct. 17, U.S. Lines’ services have been rebranded as ANL on the Oceania trades and APL on the transpacific trades.

The German ocean carrier’s employees demonstrated Friday in Hamburg, seeking job protection in the wake of the announcement that the company will be acquired by Maersk Line.

The shipping research and consulting firm attributed November’s year-over-year increase in idled containership capacity to the Panama Canal’s new locks, which made smaller containerships less attractive, along with Hanjin’s bankruptcy.

The Coast Guard Marine Safety Center issued the certificate to Optimarin after its application for U.S. type approval was reviewed and determined to meet its requirements.

The container supply-and-demand balance stood at 7 percent at the end of 2015, and could grow to between 8.2 percent and 13.8 percent in 2020, the Boston Consulting Group said.

The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal […]

The International Longshoremen’s Association said that former U.S. District Judge Joel A. Pisano has been appointed as the union’s Ethical Practices Officer, replacing Judge Milton Mollen.

FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.

The marine terminal operator said that effective Dec. 6, truckers will be required to make appointments to pick up container imports in order to reduce wait times by more evenly […]

The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.

Hyundai Merchant Marine of South Korea and Geneva, Switzerland-based Mediterranean Shipping Company have submitted an offer to acquire Hanjin’s interests in Total Terminals International.

Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity […]

Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity […]

Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.

The Southern California ports said they are planning to update their Clean Air Action Plan to reduce greenhouse gasses, but the Pacific Merchant Shipping Association has expressed concern about how […]

French ocean carrier CMA CGM said APL has improved its performance in the first three months under the ownership of CMA CGM, despite a challenging market.

The industry analyst said it believes Maersk Line and CMA CGM are “frontrunners” in acquiring the German carrier.

The International Longshoremen’s Association said collective bargaining issues will be discussed at the informal meetings in Delray Beach, Fla. from Feb. 13-16, and locals from Maine to Texas are invited […]

The Prologis Oakland Global Logistics Center, a new warehouse complex being constructed on a former military installation, adjacent to both the Port of Oakland and the San Francisco-Oakland Bay Bridge.

Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.

Under the reorganization plan, most of International Shipholding Corp. (ISH) would be acquired by SEACOR, and ISH also plans to sell a business that includes operations in Southeast Asia to […]

Several media outlets reported that owners of the Oetker Group, the conglomerate that owns Hamburg Süd, will meet this week to discuss the future of the German ocean carrier.

In the midst of a major initiative for port modernization, the multi-purpose port started using the Navis N4 terminal operating system to improve customer service by reducing gate turnaround times, […]

Niels G. Stolt-Nielsen, the company’s chief executive officer, said the deal will cover Stolt-Nielsen’s tonnage replacement needs for the next several years, create operational savings, add new trade routes, and expand its presence […]

The South Korean Liner carrier launched the HDX loop today, connecting Korea, China, Vietnam and Hong Kong.

A group of 31 truck drivers filed a complaint against a half dozen container terminals or shipping lines at the ports of Los Angeles and Long Beach, claiming they were […]

The logistics company has partnered with Delta Drone to use tiny aircraft inside warehouses for inventory assistance.

The deal, which involves Hanjin’s Asia-U.S. assets, does not include Hanjin’s five, 6,500-TEU containerships or Hanjin’s 54 percent stake in Total Terminals International at the Port of Long Beach, according […]

Danish ocean carrier Maersk Line said there is now consideration of “other cooperation possibilities,” while Hyundai Merchant Marine of South Korea said it expects a “formal agreement either in the […]

The $10 million acquisition is expected to close early next year and will substantially expand the port.

Port of Los Angeles Executive Director Gene Seroka said the system will enable supply chain partners to receive a ship’s cargo information well in advance of arrival.

Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.

The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new […]

The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis […]

However, the French ocean carrier said it has fully repaid a loan used to acquire Neptune Orient Lines and its APL container shipping subsidiary.

The Taiwanese government announced a $1.9 billion aid package for the country’s shipping industry, which both Yang Ming and Evergreen Line would be eligible for.

Michael Webber, a senior analyst at Wells Fargo Securities, cautioned the surge in freight rates and shipping stock prices seen in recent days may be “transitory.”

The Global Shippers’ Forum and the World Shipping Council square off on whether regulation of the container industry needs to be tightened.

The German ocean carrier’s third quarter profit surged from 3.2 million euros in the third quarter of 2015 to 8.2 million euros, despite a drop in revenues and freight rates.

Bulk shipping company Korea Line Corp. has been picked over Hyundai Merchant Marine to acquire Hanjin’s operations between Asia and the United States.

Bulk shipping company Korea Line Corp. has been picked over Hyundai Merchant Marine to acquire Hanjin’s operations between Asia and the United States.

The Northwest Seaport Alliance has lengthened its extended gates program to support the peak shipping season’s strong agricultural exports.

The German shipowner and breakbulk ship operator said it sees no signs of a recovery in the general economic conditions for the final quarter of the year.

The parcel giant signed a 10-year lease with the Port Authority of New York and New Jersey for a 20,625-square-foot building adjacent to FedEx and UPS facilities at Stewart International […]

The Austin, Texas-based publisher and intelligence company said that although pirate attacks will continue to decline, maritime threats, such as militant attacks, will still pose a considerable challenge to global […]

Hyundai Merchant Marine and Korea Line have submitted bids for Hanjin’s Asia-U.S. route, and a deal is expected to be reached at the end of the month.

Geneva, Switzerland-based Mediterranean Shipping Co. said it will form a new vessel sharing agreement with Maersk Line, Hamburg Sud and MOL on two Asia-Australia loops in May 2017.

The new super post-Panamax container crane capable of moving cargo on and off 14,000-TEU ships was damaged during set-up.

Peter Keller, executive vice president of TOTE, which has put two containerships fueled with liquefied natural gas into service between Florida and Puerto Rico, chairs the group, SEA/LNG.

Federal Maritime Commission Chairman Mario Cordero said that as container carriers form new alliances and merge, they are seeking new powers, causing some nervousness among shippers.

Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due […]

Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over […]

BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”

Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.

The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.

Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge […]

Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift

A chartered ship will evacuate 4,300 of an estimated 6,000 containers leased by Hanjin, freeing up chassis for use by other port customers.

The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and […]

COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.

The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to […]

Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.

Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.

The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]

The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]

Pacific Merchant Shipping Association President John McLaurin said emissions could just end up being switched to other parts of the country.

The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.

The New-Zealand based company said the system is targeted at exporters and logistics companies needing to weight containers outside of ports and other high volume container hubs.

The combined companies will have gross revenues approaching $1 billion and will manage more than 700,000 intermodal, truckload and less-than-truckload shipments annually.

Richard G. Phillips will remain chief executive officer of Pilot Freight Services, and his family “will maintain a significant equity stake” in the company.

The decision to lower the global cap on the amount of sulfur in marine fuel from 3.5 percent to 0.5 percent in 2020 could cause shipping costs to rise drastically.

The National Retail Federation, the California Trucking Association Intermodal Conference and the Harbor Trucking Association have proposed a “joint powers authority” to oversee funding of night and weekend terminal operations.

In addition, the containership leasing company reported a profit of $20.7 million for the third quarter of 2016, down from $34.8 million a year earlier.

The new GENCO multi-tenant facilities are located in Memphis, Tenn. and Milton, Ontario, comprising 1.1 million square feet and 400,000 square feet, respectively.

The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected […]

PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.

   After hitting an all-time low in February, dry bulk shipping rates have more than tripled. The Baltic Dry Index—which reflects estimates for the cost of moving a variety of […]

   In a recent decision, the U.S. District Court for the Southern District of New York (SDNY) found a Forward Freight Agreement (FFA) between two companies was not a maritime […]