Container lines

Two shipping consortia that provide services between northeast Asia, Brisbane and New Zealand said today they are cutting capacity on the route by combining their two loops.

Carriers under economic distress are appealing to the mercy of shippers, but it's not having the desired effect.

Chilean carrier CSAV said it has raised $145 million of new capital, most of it in the form of new equity from existing shareholders.

Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.

The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.

Hamburg Sud and Alianca will raise bunker surcharges on their east coast Americas trade routes by US$25 per TEU, starting from the beginning of August, the Shipping Gazette reported.

Evergreen Marine said today it plans to reduce the size of its global container fleet by a sixth over the next four years as it sees no clear signs of an economic recovery.

Shipping lines in the eastbound Pacific announced a huge rate increase effective Aug.

Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor in southwestern Taiwan because of dwindling business, a harbor official told the Taipei Times.

Mediterranean Shipping Company will expand its Golden Gate Service between Asia and the U.S. East Coast to provide connections to and from India via Singapore and Salalah.

The CKYH Alliance will start direct service between Vietnam and the U.S. East Coast in the middle of August by adding Ho Chi Minh City to the current AWE-4 service.

Ocean carrier executives in the eastbound trans-Pacific were not quite ready to break out the champagne in late June, but they appeared pleased that freight rates had finally hit bottom after a long s

CMA CGM China and CMA CGM Hong Kong Shipping will switch to CNC’s international liner services from the Agnès CHONG group as of Aug. 1.

Hapag-Lloyd, responding to reports that mounting losses are crippling the carrier's finances, denied today it is in talks with the German government for state financial assistance.

If you want to see how the world’s economic axis has shifted, look no farther than the U.S.-North Europe container trade.

Moving to trim down capacity in a tight market, container lines CMA CGM, CSAV and China Shipping Container Lines said Thursday they are combining their direct services between the Far East, Mexico and

A federal court cleared the way Wednesday for the California Air Resources Board to require that ocean vessels use low-sulfur diesel fuel in their main and auxiliary engines within 24 miles of the coa

Cosco Container Lines and Evergreen Marine will combine their existing joint ESA and FAX services linking the Far East, South Africa and east coast of South America into a single new weekly ESA servic

Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S.

Danaos, the largest U.S.

Aries Maritime Transport sold the Ocean Hope, a 1989-built container vessel, to an unrelated third party for a net price of $2.3 million.

A record 300,000 TEUs of container ship capacity is set to be scrapped this year as ocean carriers and charter ship owners face a growing mismatch between supply and demand for tonnage.

DAL Deutsche Afrika Linien announced weekly southbound sailings from Marseilles to the main ports of South Africa beginning July 1.

Container carrier Hamburg Sud’s Australia/New Zealand service recently delivered three Erickson Air-Crane heavy lift helicopters to the Port of Oakland.

Like NASCAR drivers when the green flag is waved, container lines raced to start direct services this month from Vietnam’s newly dredged deep-sea port of Cai Mep to the U.S. West Coast.

Containerized exports through WEST COAST PORTS plummeted 21 percent in the first four months of 2009 from a year earlier, but problems don’t end there for trans-Pacific exporters.

South Carolina’s seaports in Charleston and Georgetown stand to gain more than $12 million in additional funding for studies of channel deepening as a result of actions this week in the U.S.

A.P. Moller-Maersk is selling some of the trucking services provided by its European ferry subsidiary Norfolkline Logistics to DSV, Scandinavia’s largest trucking and logistic group.

Matson Navigation's top unionized ship officers could strike tomorrow if they do not reach agreement during scheduled talks with the shipping company today.

Chiquita Brands International said it does not expect the bankruptcy filing by Eastwind Maritime and many of its affiliates to adversely affect service to Chiquita's customers and the delivery of its

Karel Van Miert, the former European Union antitrust chief who played a key role in the demise of liner shipping conferences, died Monday after falling from a garden ladder at his home south of Brusse

Revenue of the biggest ocean container carriers plunged by 35 percent overall in the first quarter of the year compared with the same period in 2008 in what is shaping up to be the worst year in moder

Hapag-Lloyd, the German ocean container carrier, announced Wolfgang Freese will succeed Jim Newsome as President of Hapag-Lloyd (America) on September 1.

The directors of the South Carolina State Ports Authority voted unanimously to hire Jim Newsome III as its new president and chief executive officer at their monthly board meeting today.

Evergreen Line plans to withdraw 31 of its oldest ships from service and scrap many of them to help chip away at what its chairman, Chang Yung-fa, described as a “gruesome” excess of vessel capacity i

Maersk Line CEO Eivind Kolding thinks global container volumes may drop more than 10 percent and show no growth until next year.

CMA CGM said it will upgrade its CIMEX service between Asia and ports in the Middle East Gulf in July by replacing its two existing loops with one that features larger ships.

Evergreen Marine and Neptune Orient Lines are denying charges by prosecutors in Kaohsiung, Taiwan, that their employees were involved in falsifying data on cargo volumes passing through the port in or

A.P. Moller - Maersk Group promoted Jesper Cramon to head of group accounting, effective Aug. 1. He will replace Per Møller, who is retiring after 22 years with the Group.

The United Seamen's Service will present its 40th Annual Admiral of the Ocean Sea Awards to Donald Kurz, president and CEO of Philadelphia’s Keystone Shipping, and Ronald Widdows, group presiden