Container lines

The average spot rate on the eastbound trans-Pacific didn’t budge this week as a lull in demand for cargo space set in after the week-long Asian New Year holiday last week.

Maersk Line’s new CEO, Soren Skou, wasted no time putting his own management team in place to run the world’s largest container line.

Japanese carriers NYK, MOL and “K” Line’s posted combined losses of more than $500 million on container operations in the last quarter of 2011 and warned that group-wide losses for t

Maersk Line is moving to take rate increases on Asia-Europe lanes to a higher level, announcing a $775 increase in pricing effective March 1 that would push the rate to more than double the current sp

A.P.

Three carriers, CMA CGM, China Shipping Container Lines and United Arab Shipping, will replace two of their existing services between Asia and the Middle East in February with one new service called t

CMA CGM will raise rates on cargo moving on its services from India to ports in East and West Africa.

Ocean carriers have reached the limit of slowing the speed of their ships to soak up surplus capacity and must now cull services and idle more vessels to rebalance the container market, Alphaliner sai

Crowley Maritime will launch a new weekly express less-than-containerload service from Houston to Puerto Rico in early February.

Hanjin Shipping, the first major carrier to report financial results for 2011, said its container operations lost $487 million last year as low rates and high fuel prices offset higher volume.

A.P. Moller-Maersk CEO Nils Smedegaard Andersen is extending his medical leave until the end of the first quarter following heart surgery.

APL imposed a peak-season surcharge on westbound trade from India to Europe and the Mediterranean, starting Feb. 1.

APL in the last six weeks of 2011 shipped more containers year-over-year, but the carrier’s annual revenue by container plunged by double-digits as rates on the main east-west trade lane hit rec

The Indonesian government’s cancellation of a plan to build a container terminal in Jakarta is fueling fears that the country’s failure to improve its infrastructure will constrain economi

Horizon Lines said its operating subsidiary will plead guilty to two counts of providing federal authorities with false vessel oil record-keeping entries on a container ship in the U.S.

Chilean container carrier CSAV imposed a general rate increase on trades from the Indian Subcontinent and the Middle East to Europe, the Mediterranean, Africa, Latin America and the Caribbean.

Maersk Line containerships will switch to burning low-sulfur fuel while at berth in the Port of Virginia starting in February.

Japan’s NYK Line saw a 7 percent year-over-year surge in imports into the United States from Asia in

Hapag-Lloyd will impose a series of general rate increases on Far East services in March, as part of the German carrier’s rate restoration program.

Hapag-Lloyd will open its own shipping agency in Dubai, United Arab Emirates, in a joint venture with its existing third party agent, Inchcape Shipping Services.

Mediterranean Shipping Company imposed a port congestion surcharge on all cargo moving to the Port of Mombasa, Kenya, starting Feb. 1.

Mediterranean Shipping plans to shuffle the U.S. East Coast port rotation of its Golden Gate Service from the Far East in February.

Chilean carrier CSAV has raised $129 million in the second stage of a planned $1.2 billion capital increase and said it hopes to complete its refinancing by Feb. 15.

Maersk Line will begin charging a cargo declaration amendment fee on shipments to destinations that require advanced manifest, starting March 1.

Average spot freight rates on the eastbound trans-Pacific trade held firm for the third week in a row even as Chinese factories closed for Lunar New Year celebrations.

Maersk Line is reorganizing its Far East Asia-West Mediterranean service network, effective mid-February.

State-owned Shipping Corporation of India imposed a general rate increase on cargo shipped from the Indian Subcontinent to North Europe and the Mediterranean.

Container throughput at the Port of Halifax in 2011 dropped 5.7 percent year-over-year, largely because three liner services cut or reduced calls to the Canadian terminals this year.

Plunging Asia-Europe and trans-Pacific rates pulled down Orient Overseas Container Line’s fourth quarter revenue 11.2 percent on a 2 percent decline in volume.

Mediterranean Shipping said Friday it will put a series of rate increases into effect on its eastbound services from various European ports to destinations in the Middle East and the Far East over the

Emirates Shipping Line will enter a vessel-sharing agreement with Hapag-Lloyd and Regional Container Line on its service linking China, Southeast Asia and the Indian Subcontinent, starting in early Fe

The Port of Long Beach and Orient Overseas Container Line signed a 40-year, $4.6 billion tentative agreement that will make the shipping line the primary tenant on a planned terminal that will sharply

European Union antitrust regulators are investigating the planned takeover of Tirrenia, the bankrupt state-owned Italian ferry operator, by a consortium of the country’s leading private shipping

Average spot rates on the Asia-Europe trade lane increased this week for the fifth week in a row<

Pre-emptive strikes by international navies and the presence of private armed guards on board ships nearly halved the number of hijackings by Somali pirates in 2011, said the International Maritime Bu

Maersk Line will raise rates on westbound trade from India and the Middle East to North Europe and the Mediterranean, starting March 1.

The New World Alliance, consisting of three Asian ocean container carriers, will begin a service connecting north Europe and the U.K. with the U.S. East Coast and Panama at the end of February.

Troubled Chilean ocean carrier CSAV announced its shareholders raised $659 million in the first stage of a planned $1.2 billion capital increase.

Maersk Line is upgrading its Europe-Middle East 3 (ME3) Service between India, the Middle East and Europe, effective this month.

Maersk Line imposed general rate increases on cargo shipped from India to Mombasa, Kenya, and ports in West Africa.