Container lines

At its two–hour meeting July 14 with several dozen members of the Association of Bi-State Motor Carriers, Maersk officials faced a number of questions over the broad outlines of its chassis strategy a

Evergreen Line and Cosco Container Lines will launch a joint service from Shanghai, China on July 26.

Hanjin Shipping paid the Federal Maritime Commission $440,000 to settle allegations that it violated the Shipping Act of 1984, the commission announced this week.

Horizon Lines said a drop in shipping volume combined with $35.2 million in one-time charges, including $20 million to settle class-action lawsuits in the Puerto Rico trade, to produce a $31.1 million

Hapag-Lloyd and OOCL, extending the capacity cuts by container lines, will combine a joint trans-Atlantic service into a single loop with Mediterranean Shipping Co.’s Canadian Gateway service.

Ocean carrier ZIM will use Da Chan Bay Terminal One in Shenzhen, China for services covering the Asia-U.S.

One-third of all container ships under construction or on order will be delivered late after shipowners and ocean carriers persuaded shipyards to defer deliveries amid a growing glut of capacity.

Hanjin Shipping added its trans-Atlantic services to the growing parade of rate increases announced by ocean carriers, saying it will hike prices on the lanes Sept.

Negotiations for a $1 billion aid package for Hapag-Lloyd fell into a deadlock as its second-largest shareholder balked at injecting more cash into the struggling German ocean container carrier.

CMA CGM, ramping up pressure from carriers to push up beaten-down revenue, today confirmed it will apply a previously announced peak-season surcharge of $150 per 20-foot container on shipments from As

APL’s container volume and average revenue per container fell in the period from May 30 to June 26, its parent Neptune Orient Lines said Monday.

When ocean carriers in the eastbound trans-Pacific this month said they planned to raise rates by 50 percent, reaction from retailers and cargo consolidators was swift, if not sharp: It was obviously

Container shipping is a chronically unprofitable industry that is ripe for consolidation and awash with speculation about which line will be the next to sink.

Mediterranean Shipping is zigging while its competitors zag, and the numbers prove it.

OOCL today christened the eighth Panamax class vessel in its line of 16 4,500-TEU vessels that it has ordered from Samsung Heavy Industries.

Fesco – Russia’s biggest ocean container carrier – reported 2008 revenues surged 40 percent from the previous year, but net income plunged 80 percent.

Hapag-Lloyd announced it will raise its rates on the Trans-Atlantic in a series of steps that include an emergency bunker surcharge followed by a two-step general rate increase.

Hanjin Shipping will join APL's Suez Express Service, linking South Asia, the Middle East and the U.S. East Coast, beginning at the end of this month.

Mediterranean Shipping Co., the world’s second-largest container line, plans to scrap more of its older vessels and return chartered ships to keep its overall capacity from growing as it take on new,

Maersk Line was named Sustainable Shipping Operator of The Year in an awards ceremony in London on july 15 that recognized its effort to reduce the environmental impact of its business operations.

The members of the U.S.

The parent of Hong Kong-based carrier Orient Overseas Container Line said revenue plunged 42.6 percent in the quarter ending June 30, and the carrier said it expects the sharp decline in shipping to c

Container traffic handled by major ports in India fell 8.4 percent in the April-June period, the first quarter of fiscal 2009-10, amid signs of improvement in overall traffic movements.

Zim Integrated Shipping Services is sailing against prevailing business winds by adding capacity to its fleet.

Hapag-Lloyd, the world’s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders

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.