Press Releases
C.H. Robinson Adds 500 Intermodal Containers | Journal of Commerce
C.H. Robinson Worldwide is putting 500 new intermodal containers into its U.S. shipping network as the freight broker seeks to add greater flexibility in shifting business between modes.
Cryopak Releases the Tempak Plus Insulated Shipping Container for 2-8°C Shipments
Cryopak, the leader in temperature controlled products, announces the launch of their new product, the Tempak Plus Insulated Shipping Container.
Rickmers Maritime Swings to $40.3 Million Profit | Journal of Commerce
Container ship owner-charterer Rickmers Maritime posted a $40.33 million net profit for 2011, reversing a $28.55 million loss in 2010, and said it expects “steady performance” this year despite a “challenging” charter market.
APL Adds $750 to Asia-Europe Rates | Journal of Commerce
APL is joining the container shipping drive to push up pricing on shipments from Asia to Europe, announcing it will add $750 to the rates on the troubled trade lanes effective March 1.
TUI Expected to Sell Hapag-Lloyd Stake This Week | Journal of Commerce
German tourism group TUI is set to sell a fresh tranche of shares in Hapag-Lloyd this week to the Albert Ballin consortium, the majority shareholder of the ocean container carrier.
Freeze Forces Germany to Close Key Shipping Artery | Journal of Commerce
Germany will shut a canal linking the river Rhine to Hamburg, Europe’s second largest container port, late Friday night as the coldest February temperatures across Europe in almost three decades bring barge shipping to a halt across much of the continent’s inland waterway system. The
APL to Hike India-Europe Rates by $750 | Journal of Commerce
Singapore-based liner operator APL will apply a $750 rate hike on India-Europe services effective March 1, joining other major ocean carriers in pushing rates up on the depressed trade lanes.
APL to Stop Providing Chassis at Ports | Journal of Commerce
APL will begin phasing out its U.S. fleet of container chassis during the first half of 2012. The Singapore-based carrier is the last of the top container lines to announce that it will end its long-standing practice of providing chassis for merchant haulage from ports to retail stores and
Euroseas Sees Weaker Container Ship Bookings | Journal of Commerce
Euroseas, the container and dry bulk ship owner, swung to a $1.1 million fourth quarter net profit from a $929,000 year-earlier loss, but the company forecast box ship charter rates will fall through 2012. The Nasdaq-listed Greek company’s revenue rose to $15.4 million from $12.8 million in
Analyst Doubts Rapid Impact of Asia-Europe Rate Increases | Journal of Commerce
Vessel layups and new shipping alliances will help push up container shipping freight rates in coming months but many operators still will struggle to return to profitability, one analyst.
