Container lines

The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.

Spot rates on Asia-Europe and Asia-Mediterranean surged upwards, continuing a trend of rising price levels since the record lows recorded in March.

Trans-Pacific eastbound spot rates are building despite the “unpredictable” market, but the Hanjin effect is ebbing.

Shippers may end up paying higher rates via fuel surcharges depending on how well the oil industry can meet demand for low sulfur fuel.

The fleet of idle container ships is racing to an all-time high.

Anxiety over the staying power of container lines after the Hanjin Shipping collapse is thick among beneficial cargo owners, vendors, and the container lines.

Star Reefers sank into the red in the third quarter as the Norwegian refrigerated shipping line faced intense pressure from container lines.

A federal judge on Tuesday allowed a chassis company to terminate leases with Hanjin Shipping.

Costamare said it has delayed the delivery of four container ships.

Multiple calls by large vessels on certain days of the week, known as vessel bunching, are straining the equipment and labor resources at US ports and presenting a growing threat to productivity at container terminals.

Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.

A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.

The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.

Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.

US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.

A group of Asian container lines is injecting capacity into the Asia-Australia trade.

Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.

The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.

Maersk Line has resumed calls to Iran after a five-year hiatus.

A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.

The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.

Seatrade's order underscores the strength of the reefer market.

CMA CGM has signed a memorandum of understanding to promote liquefied natural gas as the marine fuel of the future.

The attorney for a fuel company with a lien for services provided to a ship operated by Hanjin Shipping has accused attorneys for the carrier of failing to report when the charter for the vessel was terminated.

Eimskip’s acquisition spree continues with the purchase of a Netherlands-based forwarder.

The big winner of a recent summit between Brazil, Russia, India, China, and South Africa is likely to be refrigerated shipments out of Brazil.

Container shipping is set for a gradual recovery after hitting bottom with the collapse of Hanjin Shipping, but the road ahead is anything but smooth.

Trans-Pacific service contracts in early 2017 will have the shadow of Hanjin falling over the negotiations.

Analyst questions the value to incumbent Asia-US operators of Hanjin's trans-Pacific network.

A system aims to provide a single collection point for information on container status, vessel schedules, and empty-container returns, among other information.

The group has disposed of its entire 34.2 percent stake.

Collapse of Hanjin Shipping highlights needed for better understanding of carrier risk.

China Cosco president spells out the way forward for container lines as they sail up to a crucial crossroad.

A chassis provider has asked a federal judge to cancel all its per-diem leasing agreements with Hanjin Shipping.

The value of second-hand Panamax container ships has plunged by as much as 45 percent.

The world’s largest trading center for plants and flowers is experimenting with refrigerated ocean containers.

Crowley Maritime’s customs brokerage subsidiary will participate in a pilot program at Miami International Airport for ocean-to-air transshipment of perishables.

A Hanjin vessel released from arrest at Panama is one of three stopping at the Port of New York and New Jersey to deliver long-awaited cargo to the port in a four-day stretch.

Trans-Pacific spot rates rose this week ahead of an Oct. 15 general rate increase.