Container lines

Average Asia-Europe spot prices edged up slightly this week in a sign that the hefty general rate increases implemented by carriers on March 15 are holding up.

Zim Integrated Shipping Services swung to a $397 million loss in 2011 from a $54 million profit in 2010 as the Israeli ocean carrier faced tougher competition in a deteriorating container shipping mar

Maersk Line plans to implement a series of general rate increases on various trade lanes, as part of a new rate restoration program.

During peak-season 2011, U.S. ports handled about 800,000 20-foot container units less than the macro economy indicated they should have moved.

The U.S. maritime industry has “ample capacity” to transport petroleum from the Gulf of Mexico to the Northeast, the American Maritime Partnership said.

Average trans-Pacific spot rates this week eased off from their recent high of two weeks ago when carriers that belong to the Transpacific Stabilization Agreement put into effect

Mediterranean Shipping Company will upgrade and combine its existing Indian Subcontinent-Europe-Mediterranean service network operated in conjunction with Shipping Corporation of India, effective in e

Rickmers-Linie and TOTE have joined the World Shipping Council as the newest members of the Washington-based maritime association.

United Arab Shipping Company will apply a general rate increase on eastbound cargo from North Europe to Asia and the Indian Subcontinent.

Horizon Lines said Tuesday it expects to report a fourth quarter loss of $6.4 million from continuing operations basis on a GAAP (general accepted accounting principles) basis, compared with an operat

Hanjin Shipping took delivery of the first two of a series of nine 13,100-TEU capacity container

Mediterranean Shipping Co is imposing an “equipment imbalance“ surcharge and “no-show” penalties on the North Europe-Asia route after rival Maersk Line stopped taking cargo boo

Hapag-Lloyd will impose an “interim fuel participation” surcharge on Europe-Asia trade lanes to cover rising bunker costs.

The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the Bayonne Bridge "Raise the Roadway" project be considered for expedited review

Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level since May 2011, according to the latest Shipping Confidence Su

A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to fix a heart problem, the Danish group said Monday.

Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year.

Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15.

Coal from the Powder River Basin in Montana and Wyoming, and iron ore from the U.S.

Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog of containers at clogged European terminals.

The G6 Alliance’s Loop 3 Asia-Europe service will not include a call at the port of Gdansk, Poland, OOCL said Friday.

When it came time to impose the Transpacific Stabilization Agreement’s recommended March 15 rate increase, the 15 member carriers took different approaches.

In the battle for dominance in the U.S. container shipping trades, Mediterranean Shipping Co. didn’t deliver a knockout, winner-take-all punch, but it sure came close.

What’s going on with the world’s container carriers? Maersk Line and other large carriers say they’re no longer seeking additional market share.

Average spot prices in the Asia-Europe trade slid this week for the third consecutive week following the huge March 1 general rate increase implemented by carriers in the trade.

Container ship charter owner Costamare said proceeds from the sale of 7.5 million shares in a secondary offering on the NYSE will be used to acquire ships and repay debt.

Hapag-Lloyd swung to a net loss of $38.3 million in 2011 from a $565 million profit in 2010.

Spot rates on the trans-Pacific trade stayed flat week-over-week this week after a 13.6 percent jump last week that followed the rate increase of $300 per 40-foot equivalent unit on March 15

Cosco Container Lines and Hanjin Shipping plan to launch a new service between the Far East, Panama and Houston at the end of April.

Greenwich, Conn.-based private equity firm Littlejohn completed its previously announced acquisit

Government bans on ransom payments to pirates would put seafarers at risk and hurt the global economy, said Alastair Evitt, managing director of Meridian Marine Management and president of InterManage

The arrival of the container ship MSC Fabiola at the port of Long Beach last week does

Mediterranean Shipping Co. said it will implement a general rate increase on cargo shipped from the Far East to New Zealand as of April 15.

Hanjin Shipping is expanding its operations in the trans-Pacific, adding two joint services, one connecting the U.S. West Coast with the Middle East and South Asia, and the other with Japan.

Three major container carriers plan to raise rates on shipments from India to ports in East/West Africa, starting April 1.

The Port of Long Beach has welcomed what it billed as the largest container ship ever to call at a North American port.

Maersk Line will impose a general rate increase on shipments from India to ports in West Africa.

Japanese export ship orders fell for the third straight month in February on a year-over-year basis, sinking 23.1 percent to 399,376 gross tons, according to figures released by the Japan Ship Exporte

Hamburg Sud and its Brazilian affiliate Alianca are restructuring their service between North Europe and the east coast of South America in response to what they call changing market conditions.

Hapag-Lloyd will raise its rates on East Asia services as part of its new rate restoration program