Container lines

With public budgets stretched thin, governments should be doing more to encourage private investment in needed infrastructure, the CEO of Neptune Orient Lines told an international panel of transport

Zim Integrated Shipping Services narrowed its first quarter loss to $82 million from $119 million a year ago as increased cargo volumes outweighed lower ocean freight rates.

Maersk Line said it will implement previously announced rate hikes on the trans-Atlantic trades in the second half of the year despite a recent improvement in market conditions.

A.P. Moller-Maersk agreed to sell its UK supermarkets business to U.S. retailer Wal-Mart for $1.1 billion, continuing a disposal of non core operations to focus on shipping and energy.

Danaos cancelled an order for three container ships at a South Korean shipyard, the NYSE-listed container charter shipowner confirmed Thursday.

LONDON – A European shipowner canceled an order for three container ships because it could not finance the $300 million contract with a South Korean shipyard.

Evergreen Line and China Shipping Container Lines are teaming up to start a trans-Pacific service later this month linking Los Angeles and Oakland with central and northern China.

The World Shipping Council appointed John Butler as its general counsel.

Hapag-Lloyd plans to implement general rate increases for cargo shipped from North America to ports in the Indian subcontinent and the Middle East, effective July 1.

The idled container ship fleet shrunk by nearly one million 20-foot equivalent units in the past six months as ocean carriers launched new services to keep pace with rising cargo demand in the summer

In a strong sign that global container volume is rebounding from the global recession, Neptune Orient Lines reported Monday that the volume of containers carried by its liner subsidiary APL rose 34 pe

Container ship lines may be "shooting themselves in the foot" by restoring vessel capacity faster than cargo volumes rise, a new report by Axis Intermodal UK warns.

Container volumes at West Coast ports followed an upward trend in April, with most of the ports reporting increases in imports and exports.

With vessel capacity tightening and demand increasing on the trans-Atlantic, OOCL Thursday announced it will increase freight rates in both directions starting July 1.

Asian economies are leading the recovery of international container trade volume, but strong growth across the region could see pressure on freight infrastructure re-emerge, a senior executive of cont

The world’s top container lines lost an average of $1,500 per 20-foot equivalent unit of fleet capacity while racking up an estimated $15 billion in operating losses last year, AXS-Alphaliner re

A federal judge in Delaware dismissed a shareholder suit that accused Horizon Lines and six current or former senior officers of misleading investors about a price-fixing conspiracy in the U.S.

Ocean carriers operating to and from India plan to seek general rate increases aimed at taking advantage of surging demand on major trade lanes.

APL will join the INTTRA e-commerce portal, giving the platform important new reach in the ocean shipping world, the companies announced Tuesday.

Safmarine plans to launch its first direct, fully-containerized service between the Far East, the Arabian Gulf and the Horn of Africa next month.

Trailer Bridge narrowed its first-quarter net loss to $307,569 from $768,034 a year earlier as the U.S.-Puerto Rico carrier reported increases in revenue and operating income.

One by one, the major shipping lines pushed to the brink of bankruptcy have received financial infusions enabling them to survive.

At first blush, it makes sense that start-up carrier The Containership Co. chose the new Port of Taicang as its home base in China, but CEO Jakob Tolstrup-Moller said it was the other way around.

CMA CGM will add calls at Mobile, Ala., and Pusan, Korea, to its Asia-Gulf of Mexico service, effective May 20, the company announced Friday.

Neptune Orient Lines, Singapore-based parent of ocean container carrier APL, narrowed its first-quarter net loss to $98 million from $245 million a year earlier and said trends point to a return to pr

CMA CGM, building on a $270 million profit the carrier showed in the first quarter, expects to earn $1.8 billion on its operations for the year as a whole, according to Philippe Soulie, CEO of the Fre

Maersk Line is maintaining “tight management” of its vessel capacity despite rising cargo volume and rates, parent company A.P. Moller-Maersk said.

The Maersk Mathilde called at a port near Ho Chi Minh City Wednesday, as Maersk Line launched its new direct TP6 service between Vietnam and the U.S.

Hapag-Lloyd made a profit in the first three months of 2010 as increased cargo volume and higher freight rates ended a run of five consecutive quarters in the red.

Ron Widdows, president and chief executive officer of NOL Group, and John Hemingway, chief executive officer and president of SSA Marine/Carrix, have been chosen as recipients of the 2010 Connie Award

A.P.

CMA CGM reached agreement with five South Korean shipyards that were building its orders for 42 new containerships to postpone delivery of 30 vessels that had been scheduled for delivery in 2010 throu

CMA CGM and Maersk Line plan to launch a new weekly service in time for peak season, reflecting the recovery in demand on one of the world’s largest trade lanes.

Hyundai Intermodal, a unit of Hyundai Merchant Marine, will switch from Norfolk Southern to CSX Transportation as its eastern-U.S. railroad partner beginning June 1.

A consortium of Hanjin Shipping, Hyundai Merchant Marine, Yang Ming Line and United Arab Shipping Company will launch a container service between Asia and Southern Europe, starting at the end of May.<

Hanjin Shipping lost $118 million in the first quarter ended March 31, down from the $191 million loss it suffered in the first quarter last year, and substantially lower than the $239 million it lost

Shipowners or operators who pay ransom to Somali pirates could face U.S. civil penalties or criminal prosecution under a White House &ldquo;Executive Order concerning Somalia.&rdquo;

The idea that roll-on, roll-off carriers might be infatuated with high and heavy cargo is not a new one, but it has happened again.

It certainly isn&rsquo;t the first time ocean carriers and importers have disagreed, and it won&rsquo;t be the last, but the outcome could determine the fate of U.S.

Malaysian carrier MISC Berhad on Friday reported its profit before tax in the fourth quarter ended March 31 rose 49.3 percent to $85.2 million mainly due to higher profits in LNG and offshore oil supp