Container lines

Container ship charter rates plunged to historic lows and are set for further steep falls in the coming weeks as ocean carriers prepare to return scores of hired vessels to their owners in a bid to sh

Somali pirates hijacked the MV Victoria Tuesday afternoon off the southern coast of Yemen for the second time in a year.

The U.S.

Maersk Line, extending its bid to reverse a slide in ocean pricing, today announced rate increases on its services from Northern Europe to North Africa and the Mediterranean as well as from Asia to th

In a welcome turn of events for the beleaguered Port of Charleston, Mediterranean Shipping Co.

A.P. Moller-Maersk is calling for creation of a secure maritime corridor off the coast of eastern Somalia to protect vessels against the surge in pirate attacks.

A.P. Moller-Maersk Group reduced its CO2 emissions by 9 percent in 2008 compared with 2007.

Hyundai Merchant Marine will introduce two services in May and June, connecting China to the U.S. East Coast.

Alexander & Baldwin, industrial real estate operator and parent of Matson Navigation, earned a profit for the first quarter of $3 million, a 93 percent slump compared with earnings of $42.1 millio

China Shipping Container Line will operate eight of its own ships and add Norfolk as a port on an Asia-to-East Coast service that it previously operated jointly with CMA CGM.

John Fredericksen, the billionaire shipowner and dissident investor in TUI AG, is gathering support to oust TUI Chairman Juergen Krumnow at the annual general meeting of Europe’s largest tour op

CMA CGM will introduce a new service linking North Europe, Greece and Turkey with the first vessel leaving Hamburg on June 1.

When the NYK Line ship Nebula approached the Port of New York and New Jersey on March 8, the ship had a problem. It was riding too high in the water to pass beneath the Bayonne Bridge.

London - Global Ship Lease, a leading containership charter owner, said it is talking with its bankers about amending terms of an $800 million credit facility.

Looking to focus more on cargo business in the downturn, A.P.

Maersk Line, expanding its bid to raise prices, posted a series of rate increases today on its service from Asia to Latin America that will take effect on June 1.

Carriers in the Asia-Australia Discussion Agreement announced plans to raise their bunker surcharges for cargo moving from China and Hong Kong to Australia.

APM Terminals said Friday it will participate in the consortium led by Bolloré Africa Logistics that has a contract to develop a new deepwater container terminal at the Port of Pointe-Noire in

Mediterranean Shipping Co.

A majority of the attendees at The Journal of Commerce's 9th annual Trans-Pacific Maritime Conference don't foresee an economic recovery for at least another year, according to live poll questions ask

A.P.

The Grand Alliance, which already has a vessel-sharing agreement with Zim Integrated Shipping Services on its Atlantic Express Service (ATX), agreed to charter slots in the service to Hamburg Süd

Ocean carriers are seeking a permanent injunction against enforcement of a new state regulation that will require the use of low-sulfur fuel in vessels’ main engines, auxiliary engines and auxil

A.P.

Danaos, one of the world's biggest containership charter owners, delayed the delivery of 15 box ships from South Korean and Chinese shipyards.

The cook aboard the Maersk Alabama when it was hijacked April 8 by Somali pirates filed suit against the company and Waterman Steamship Corp.

“K” Line’s profit for fiscal 2008, ended March 31, fell by 61 percent from fiscal 2007 as its revenue fell by 7 percent.

Hapag-Lloyd joining a growing list of ocean carriers looking to raise prices on demand-starved European routes, announced rate increases Tuesday for westbound services from the Far East to Northern Eu

Idled ocean container capacity increased slightly in the past two weeks, reversing an earlier decline, the first in seven months, as ocean carriers return an increasing number of chartered vessels as

Yusen Air & Sea Service, the core logistics unit of Nippon Yusen Kabushiki Kaisha (NYK Line), Japan's biggest shipping firm, reported a big drop in group profit for fiscal 2008, which ended on Mar

CMA CGM plans to upgrade its Asia-Mediterranean MEX service with direct calls to Nagoya, Yokohama and Kobe, beginning mid-May.

APL’s container volume and average revenue per container plunged during its most recent four-week reporting period, its parent Neptune Orient Lines, reported April 27.

MOL’s full-year profit dropped by a third in its fiscal year ended March 31 even though its total revenue declined by only 4.1 percent.

Gen. David Petraeus told a congressional committee that ocean cargo carriers should consider putting armed guards on ships traveling through pirate-infested waters off the coast of Africa.

Congress will jump into the legal and policy issues raised by the recent expansion of pirate attacks on cargo ships in the Indian Ocean off the coast of Africa.

Horizon Lines lost $10 million in the first quarter, ended March 31, compared to a profit of $700,000 in the same quarter last year as volume declined and other unusual charges mounted.

A weekly container service linking Southeast Asia with the east coast of North America, starting on May 3, brings new traffic to the struggling Port of Halifax, Nova Scotia.

Profit fell 81 percent in the first quarter for China Shipping Development, the Shanghai-based parent of China Shipping Container Lines.

Rickmers Maritime (Trust) posted a first-quarter profit of $11.04 million, an increase of 32 percent from the $8.39 million it earned in the same quarter of 2008, on a hefty increase in revenue from c

Local agents of container lines calling at India’s Port of Jawaharlal Nehru called on Container Corp., the state-owned intermodal logistics provider, to speed evacuation of inland containers in