Container lines

Sea Star Line has promoted Chris Willman to director of national field sales.

NYK Line will increase rates for all dry and refrigerated cargo on its southbound trade from the U.S. Gulf Coast to South America’s east coast and the Caribbean, starting May 10.

Hapag-Lloyd will increase rates for all cargoes and container types on its trade from East Asia, including Japan, to the Persian Gulf, starting May 15.

CMA CGM will increase rates on its trade from North Europe to the Far East, starting May 1.

The acquisition of Unifeeder by Nordic Capital announced today is likely to hasten consolidation of the North Sea and Baltic markets.

Nordic Capital has agreed to buy Unifeeder, Europe’s largest short-sea container line, from the U.K.’s Montagu Private Equity for an undisclosed price.

OOCL has announced that the OOCL Belgium container ship, which had previously suffered propeller damage and was sent to a dry dock in Bremerhaven, Germany, has been repaired and is ready for deployment back into the Gateway Express 1 service.

CSAV said it will prepay a $245 million loan at a 46 percent discount in another move signaling the financial turnaround of the Chilean ocean carrier.

United Arab Shipping Company will launch three trans-Pacific services from Asia to the U.S. Pacific Southwest and Pacific Northwest in cooperation with China Shipping Container Lines.

The board of directors of Compañía Sud Americana de Vapores has approved an investment plan of $570 million to acquire seven new container ships and to prepay $258 million of its debt.

Hackett Associates and the Institute of Shipping Economics and Logistics’ latest Global Port Tracker study predicted that container handling in Europe’s North Range ports will increase a “meager” 1 percent in 2013...

Mediterranean Shipping Co. will launch an Ipanema service between Asia and South America’s east coast, as a result of the termination of a slot charter agreement with CSAV.

Mediterranean Shipping Co.’s sale of a 35 percent stake in its port operating arm Terminal Investments for just over $1.9 billion was good business for the Aponte family that owns the world’s second-largest ocean carrier. But it could turn out to be an even better deal for the purchaser, Global Infrastructure Partners.

There’s been no shortage of market-defining action in the first three months of 2013. Who's up and who's down?

Cosco will raise rates for all shipments on its eastbound trade from the Far East and Indian subcontinent to Canada, beginning May 1.

Hamburg Süd will boost rates on all cargo moving southbound from or via U.S. Gulf Coast ports to Colombia and South America’s west coast, starting May 1.

The Transpacific Stabilization Agreement’s expansion to include the Westbound Transpacific Stabilzation Agreement is set to take effect April 14, the carrier discussion groups’ executive administrator said.

Hapag-Lloyd has announced two rate increases for all dry, refrigerated, flat rack and open top containers that will take effect on May 1...

Mumbai-based Shreyas Shipping and Logistics announced plans to launch a container feeder service between India and Sri Lanka.

Evergreen Line is joining forces with United Africa Feeder Line to launch the new ISC-Mauritius-Mozambique-Africa Service in late April.

CaroTrans will add two less-than-containerload services from Shanghai to the U.S.

Cosco will increase rates for all refrigerated cargo on its eastbound trade from the Far East and Indian subcontinent to the U.S. and Canada, starting May 1...

CMA CGM has announced multiple service changes.

Gati Ship and International Shipping Logistics FZE will launch a new coastal container service between northern and southern India, covering the ports of Kandla, Mundra and Cochin.

Shippers and carriers alike are paying close attention to the results of the general rate increase that liner companies are putting into effect today in the eastbound trans-Pacific trade.

Mediterranean Shipping Co. has reached an agreement with Global Infrastructure Partners and a group of its limited partner co-investors to sell 35 percent of Terminal Investment Limited SA.

Maersk Line plans to simplify its local surcharges, starting May 1, 2013.

APL has announced several rate increases in April...

Evergreen Marine reported net income in 2012 was NT$128.5 million (about US$4.3 million), a 104 percent profit jump from its net loss of $103.5 million in 2011.

Stevedores from most ports in Chile are on strike, according to Chilean shipping company CSAV.

Cosco will increase rates for dry cargo on its trade from the Far East and the Indian subcontinent to the U.S., starting May 1:

Guillermo Luksic Craig, Chilean businessman and chairman of holding company Quiñenco SA, died Wednesday of lung cancer at the age of 57, Bloomberg reports.

SCNB Logistics Group has sold its stakes in H&S Container Line and Haeger & Schmidt International, as well as its majority stake in RKE NV, to Felbermayr Holding, with retroactive effect as of Jan. 1, 2013.

The Korean Register of Shipping’s general assembly has elected Young-kee Chon as its new chairman and CEO.

NYK Line will establish NYK Bulk and Projects Carriers on Oct. 1, 2013, following the merger of its subsidiaries, NYK-Hinode Line and NYK Global Bulk.

Cyprus sought to play down fears that its financial crisis would hit the Mediterranean island’s large shipping registry and the ship-management industry.