Container lines

Matson Navigation’s fourth quarter operating profit fell 55 percent to $13 million as slumping trans-Pacific rates offset improved volume to Guam, parent Alexander & Baldwin said.

The International Maritime Bureau is warning vessels to stay clear of waters off Nigeria after pirates killed the captain and chief engineer of a bulk carrier Monday, the third attack in West African

CEVA Logistics will launch two less-than-containerload services this month from Houston to Singapore and Jebel Ali, the United Arab Emirates, as the logistics provider aims to “link key geograph

APL is joining the container shipping drive to push up pricing on shipments from Asia to Europe, announcing i

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.

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

Middle East carrier Emirates Shipping Line will apply a two-phase general rate increase for cargo moving on its

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

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.

Trying to maintain pricing momentum in the trans-Pacific, shipping lines that carry U.S.

Maersk Line will launch a container service between the Middle East and West Mediterranean, starting at the end of this month.

The rise in the global auto trade is lifting the car carrier industry out of the global recession with far less damage than other shipping sectors have experienced, according Drewry’s Car Carrie

An index of spot freight rates for Asia-to-Europe container shipments inched up 0.1 percent this week, showing new strength in ocean carrier attempts to shore up pricing on the troubled trade la

The new president of Sea Star Line says “structural changes will be essential” so the Jones Act carrier can reinvest in coming years.

Shipowners urged governments to take a heavier hand to captured Somali pirates and their financiers, as the threat to trade and seafarers increases.

OOCL will extend its largest rate increases to Asia-Australia services, starting March 15.

Mediterranean Shipping will apply a general rate increase on all cargo from North Europe to ports in the Indian subcontinent.

The newly formed G6 alliance of ocean carriers is speeding up the launch of its Asia-Europe service by a month to the first week of March to coincide with steep hikes in freight rates on the world&rsq

Zim Integrated Shipping Services will raise its rates on westbound trade from the Indian subcontinent to Europe by $750 per 20-foot container, starting March 1.

South Korea’s Hyundai Merchant Marine reported a 2011 operating loss of $327 million, reversing a profit of $541 million in 2010, as revenue fell and costs rose.

United Arab Shipping imposed a $775 general rate increase on Asia-Europe services effective March 1, joining other major container ship operators in seeking rate restoration on the depressed trade lan

Mediterranean Shipping will raise rates on shipments from India to ports in East Africa, as part of what it calls a new “rate restoration initiative”.

German tourism company TUI is reportedly close to selling another slice of its remaining 38.4 percent stake in Hapag-Lloyd to the Albert Ballin consortium, the Hamburg-based ocean container carrier&rs

The red tide is coming in. Container ship lines are starting to report their results for 2011, and the numbers aren’t pretty.

Crowley Maritime promoted Jose “Pache” Ayala to vice president for the Puerto Rico trade.

Maersk Inc., the U.S. arm of the A.P. Moller-Maersk Group, agreed to sell Direct ChassisLink, its chassis-leasing subsidiary, to the private equity firm Littlejohn & Co.

OOCL announced Friday it will increase freight rates $800 for westbound cargo on Asia-Europe services March 1, joining other carriers in an attempt to pump up rates on the depressed trade lane.

Mediterranean Shipping raised the stakes in the container ship carrier bid to pump up rates on depressed Asia-Europe lanes on Thursday, adding $775 to its charges effective March 1.

Moody’s this week downgraded the ratings of Japanese ocean carriers NYK Line and MOL, citing concerns that vessel overcapacity could prevent the companies from paying down debt.

Hapag-Lloyd will apply general rate increases on all cargo moving from Far East Asia to the Indian subcontinent and the Persian Gulf.

Maersk Line will replace a call at Zeebrugge, Belgium, with an Antwerp port call on service connecting the Middle East, India and Europe, starting in mid-February.

Container shipping lines boosted the reliability of their service schedules to a new record of on-time arrivals in the last quarter of 2011.

Average spot rates on the Asia-Europe trade lane dropped this week for the second week in a row, even as carriers including

Hanjin Shipping joins other major ocean carriers in pushing bold rate increases on the depressed Asia-Europe trade lanes, announcing a $700 price hike that would boost the rate more than double the cu

OOCL plans to quit providing chassis for the drayage of import and export containers at facilities in the New York City metropolitan area and in Rochester, N.Y. as of April 1.

United Arab Shipping’s U.S.

Mediterranean Shipping will apply a general rate increase for U.S. shipments to the Middle East, India, the Mediterranean and Africa, starting March 1.

CMA CGM announced a rate increase of $750 per 20 foot container on the Asia-Mediterranean-North Europe route effective March 1, mirroring recent rate hikes by close rivals Maersk Line and Hapag-Lloyd.

Maersk Line imposed a general rate increase on trades from India to Latin America and the Caribbean, starting March 1.

Fesco booked double-digit growth across its ocean container, rail, port terminal and intermodal units in 2011 as it benefited from soaring transport demand in a strengthening Russian economy.