Container lines

The Port of Montreal reported a 6.1 percent increase in container traffic for 2010, outpacing growth in dry and liquid bulk cargoes.

Eastbound spot rates on the trans-Pacific opened the New Year with a hefty jump as shipping lines put peak season surcharges into effect until the Chinese New Year.

Maersk Line is forecasting an even balance between container vessel capacity and shipping demand this year even as the supply of new vessel capacity is expected to grow 9 percent.

Ship owners and operators are betting their future profitability on super-sized container ships and must delay deliveries of additional vessels to avoid overcapacity and plunging rates, a European shi

Japanese carrier MOL expects improved results from container shipping to push the group's ordinary income "much higher" than the $1.2 billion previously forecast for the current fiscal year.

The supply of container ship capacity will outstrip the growth in demand for vessel space this year and next as more new container ships are delivered in the two-year period, the president of NYK Line

The top 20 container lines increased their operated capacity 14 percent over the last 12 months, as the strong recovery in freight volume led carriers to take on new tonnage over 2010, Alphaliner repo

State-owned Shipping Corporation of India announced a general rate increase on the westbound trades from India to Europe, as part of what it calls a rate restoration program.

When global trade collapsed in 2009, most container lines cut back on services and idled ships. Mediterranean Shipping Co.

Taiwanese ocean carrier Evergreen Line and Middle East-based Simatech Shipping will launch a joint container service connecting key ports in the Indian subcontinent and China.

Rotterdam, Europe’s largest port, said total cargo volume hit a record high in 2010, buoyed by record container traffic driven by surging world trade and a booming German economy.

Ocean container carriers will levy an average fee of $25 per bill of lading for all cargo entering the European Union in 2011 when the bloc’s advanced manifest rule comes into effect.

United Arab Shipping Company will seek a general rate increase on the westbound trade from India to Europe and the Mediterranean, as part of a new rate restoration program.

Diana Shipping, the NYSE-listed dry bulk ship owner, is to spin off 80 percent of its majority-owned container shipping unit through a separate listing on NASDAQ.

Antwerp boosted container traffic by 16.1 percent in 2010 from a depressed 2009, helping the port to retain its ranking as Europe’s second largest box port after Rotterdam.

CSAV will pay nearly triple its current ship charter rate to extend use of a medium-sized container ship for 12 months, a stark sign of rapidly rising in the market for chartering vessels.

A record 61 container ships of more than 7,500 TEUs capacity were delivered in 2010 and even more will join the world box ship fleet in 2011, according to a leading industry analyst.

Shippers in the Northeast were hit by service delays, but ocean, truck and air cargo operators said operations were returning to normal after a blizzard Sunday brought the region nearly to a

OOCL on Thursday announced increases in terminal handling charges for China mainland traffic to and from Australia, effective Jan. 3.

Maersk Line said it will raise ocean freight rates from the Middle East and the Indian sub-continent to northern Europe and the Mediterranean twice during the first quarter of 2011.

Hainan P O Shipping expanded its trans-Pacific service to include a weekly call at the Port of Oakland.

The Shanghai Containerized Freight Index fell to its lowest level since the start of the year in the week ending Dec.

CMA CGM announced an emergency congestion surcharge of $82 per 20-foot container on services between Europe and Port Botany in Sydney, Australia, effective Jan. 15, 2011.

The first two gantry cranes arrived Dec.

Ocean carriers aren’t waiting for the seasonal downturn in demand to take a breather in the container ship charter market.

Nine months after launching a high-profile investigation into pricing and service disputes between shippers and carriers that boiled over last spring, the Federal Maritime Commission remedy appears to

The first ship in Horizon Lines’ new China-to-U.S. service departed Shanghai for Los Angeles.

A.P. Moller - Maersk named APM Terminals CEO Kim Fejfer to the executive board, a move the company said signaled the importance of terminal business to the group and its global shipping operations.

Mediterranean Shipping Company is extending its California Express service linking Italy and Spain with the U.S. West Coast to include calls in the Pacific Northwest.

OOCL said it contracted with Hudong-Zhonghua Shipbuilding on Dec. 14 for construction of two new container ships with capacities of 8,888 20-foot-equivalent container units.

Three U.S.-Puerto Rico carriers have until Feb.

Maersk Line appointed Bjarne Foldager as its new country manager for Malaysia and Singapore.

Hanjin Shipping plans to outsource the export documentation function now performed in four North American service centers to a new documentation center in Port Kelang, Malaysia, by next May.

Crowley Liner Services plans to expand its container operations at Port Everglades under a new 10-year lease on its container terminal that calls for additional acreage and increased container guarant

Maersk Line plans to operate an ad-hoc direct sailing from India’s Port of Chennai to Jebel Ali, a major transshipment hub in the Middle East.

Like several other carriers, OOCL is raising freight rates on shipments out of China and the Far East next month in what is ordinarily the slack winter season.

CSAV is upgrading the size of its Asia-Atlantic Express Service (Asax) between the Far East and the East Coast of South America starting later this month.

Shipbuilders postponed delivery to OOCL of four new containerships partly because of production delays.

Hapag-Lloyd swung to an operating profit of $631 million in fiscal 2009/10, from a year earlier loss of $875 million, as cargo volume and freight rates increased, and the company cut costs.

Ocean carriers are chasing market share on the key Asia-Europe container trade lane by increasing capacity despite the steep slide in freight rates in recent months, an analyst said.