Container lines

Costamare reported its profit in the second quarter of 2013 jumped 44.5 percent year-over-year to $30.6 million.

Zim Integrated Shipping Services has enhanced the port coverage of its Asia-Europe service, AEX1.

Yantian International Container Terminals in China has welcomed the inaugural call of the 18,000 20-foot-equivalent-unit Maersk Mc-Kinney Møller, a Triple E vessel.

Effective Aug. 1, Maersk Line will boost rates on its trade from South Africa to the Middle East and Indian subcontinent by $100 per 20-foot container.

Japan’s exports to the United States rose for the sixth straight month in June on a year-on-year basis, surging 14.6 percent to 1.134 trillion yen ($11.34 billion), according to preliminary figures released by the Finance Ministry.

The U.S. Department of Transportation’s Maritime Administration has awarded $9.46 million in grant funding to 12 shipyards in 10 U.S. states via the Small Shipyard Grant Program.

China’s disputes with the EU and U.S. over solar panel exports are now having a tangible impact on trade volumes.

OOCL reported its total revenue in the second quarter of 2013 was $1.4 billion, dropping 9.8 percent from $1.6 billion in the same period last year.

New container ship deliveries hit 1.275 million 20-foot-equivalent units in the 12 months through June 2013, adding to pressure on freight rates across all trade lanes, industry analyst Alphaliner reported.

Mediterranean Shipping Co. plans to expand its intra-India feeder service by adding a call at the Port of Hazira, a privately operated cargo hub on the west coast.

OOCL has christened its new 13,208 20-foot-equivalent unit vessel, which is the sixth of 10 new mega vessels ordered by the container line from Samsung Heavy Industries.

A U.S. seafood company is using new container technology to open a new market niche: live fish imported from South Korea.

Getting people to try new things, especially expensive new things, isn’t easy. For executive chef Nora Ramos, getting Americans of all ethnic backgrounds to try dishes made from live fish is both an art and a science.

The volume of Hong Kong’s total exports of goods in May dropped 1.2 percent year-over-year, while the volume of imports of goods rose 2.6 percent...

Container shipping lines are expected to post weak second quarter results during the next month, as carriers remain burdened by soft volume and excess capacity, shipping analysts warn.

Major container lines have announced rate increases for several trade lanes, as detailed below, slated to take effect in August...

2013 has been a roller-coaster ride for U.S. poultry producers. Exports have increased, but haven’t lived up to early growth prospects as avian flu outbreaks on two continents have wreaked havoc with demand.

Mediterranean Shipping Co. has announced plans to expand its services to and from India.

Maersk Line has become the latest carrier to unveil freight rate hikes on the westbound Far East-Europe trades in August.

Rising political instability in Somalia and increasing global demands on national navies will continue to be major factors contributing to ongoing piracy activity in the Gulf of Aden in the medium-to-longer term...

The breaking apart and subsequent sinking of the bow and stern sections of the MOL Comfort in the Indian Ocean this month may have been caused by the same structural flaws that caused the 2007 wreck of the MSC Napoli.

Simatech Shipping has ordered up to four 4,350 20-foot-equivalent unit, wide-beam container ships from Taizhou Kouan Shipbuilding, a privately-owned Chinese yard, for $150 million.

With import demand in Europe and the U.S. eroding, countries in East, South and Southeast Asia, except for Vietnam, face little prospect of export growth for the second half of 2013.

APL, ANL and Hanjin Shipping are joining forces to offer a new weekly service covering Asia, Australia and New Zealand.

A strike by canal lock workers that disrupted container and bulk shipping in large sectors of Germany’s inland waterway network for more than a week is over.

Somali pirate attacks have fallen to the lowest level since 2006, but ships face a surge in violent incidents off the coast of West Africa, the International Maritime Bureau said.

CMA CGM said it will upgrade its round-the-world Panama Direct service from a fortnightly to a weekly frequency in September.

Major container lines have announced rate increases for a variety of trades, as detailed below, with most slated to take effect in August.

China Navigation has acquired Polynesia Line, which connects the U.S. West Coast with Tahiti, American Samoa, Western Samoa and other Pacific Islands.

Average spot rates on the Asia-Europe trade held onto most of the general rate increase that took effect on July 1, in part because the wreck of the MOL Comfort has taken some vessel capacity out of the trade.

The remaining portion of the stricken MOL Comfort sank in about 3,000 meters of the Indian Ocean late Wednesday, four days after fire broke out while the section was being towed, according to Mitsui O.S.K. Lines.

When trans-Pacific eastbound spot rates plunged nearly 9 percent in the week ending July 10, it was the latest example that container shipping pricing this year has lost its staying power.

A fire that broke out aboard the remaining portion of the MOL Comfort on July 6 continues today. Firefighting also continues, but so far without success.

Westwood Shipping Lines has entered the refrigerated container cargo market with the launch of its new fortnightly reefer service connecting the U.S. Pacific Northwest...

Maersk Line is providing a new direct “cashew express service” between India and West Africa.

Australia recorded a seasonally adjusted trade surplus of A$670 million (about US$615.9 million) in May, increasing 292 percent or $458.7 million on the revised $157.2 million surplus in April...

The value of Taiwan’s exports grew 8.6 percent year-on-year last month to $26.48 billion, as shipments of electronic products and minerals rose 10.9 percent and 39.4 percent respectively, according to the Ministry of Finance.