Container lines

Eimskip has announced several changes in its sailing schedule in order to expand its service in the North Atlantic.

Mediterranean Shipping Co. will raise rates on all dry cargo from North Europe, Scandinavia, the Baltic, the U.K. and Ireland to the Far East, including Japan, starting April 1.

Hanjin Logistics has opened new offices in Ho Chi Minh City and Hanoi in Vietnam and Mumbai, India, to expand its third-party logistics network.

China Cosco Holdings has preliminarily proposed to sell 100 percent of its interest in its directly owned subsidiary Cosco Logistics to its controlling shareholder China Ocean Shipping (Group) Co.

China, while still the undisputed leader in supplying apparel, footwear and furniture to the U.S., is seeing its market dominance diminish because of annual double-digit wage increases in those industries.

U.S. steel exports in January totaled 1.077 million tons, rising 11.2 percent from December 2012, according to U.S. government data.

Carriers are unlikely to stem the decline in freight rates in the Asia-to-North Europe trade lane any time soon, even if the general rate increases they plan to implement later this week boost spot rates for a few days.

CMA CGM has announced several rate increases that will take effect on April 1.

There were many takeaways from this year's TPM Conference in Long Beach, Calif. Here is some of what we learned.

The collapse of Germany’s KG ship finance system has not dampened orders for new container ships, as funding remains widely available, according to industry analyst Alphaliner.

OOCL will launch a new KTX5 service, which will be operated by OOCL and MCC Transport.

Maersk Line has announced several rate increases that will all take effect on April 1.

Hapag-Lloyd will increase rates for all cargoes and container types on its trade from North Europe and the Mediterranean to East Asia, the Indian subcontinent and the Middle East, starting April 1.

The large locks at the western end of the canal in Brunsbuettel, Germany, have to be repaired and will be out of service for about two to three weeks, according to a German-language announcement by...

Cosco Group recently held a christening ceremony for its new container ship, the Cosco Belgium, at Nantong Cosco KHI Ship Engineering in China.

Hapag-Lloyd’s biggest shareholder Klaus Michael-Kuehne said Hamburg Süd should have an equal share in the planned merger of the two German ocean carriers.

Hapag-Lloyd will increase rates for dry commodities on its trade from British Columbia to East Asia, the Indian subcontinent and the Middle East, effective April 1.

Container lines owned half of U.S. intermodal chassis in 2009, but their share fell to 32 percent last year and will drop to 20 percent by the end of 2013, consultant Steve Rubin told the JOC’s 13th annual TPM Conference.

A.P. Moeller-Maersk plans to add more vessels to its Singapore hub, Bloomberg reported.

Damn Shiprepair Rotterdam has redelivered seven container vessels to Hamburg Süd, after installing the Becker Twisted Fin on each one.

Horizon Lines will shift its Northeast U.S. port call for its Puerto Rico service from Elizabeth, N.J., to Philadelphia’s Packer Avenue Terminal.

Seaspan reported profit in the fourth quarter of 2012 was $58.98 million, rising $34.47 million, or 150.8 percent, from $23.52 million in the fourth quarter of 2011.

The volatile U.S. refrigerated freight trade will make a comeback in 2013 after declining in 2012, “a modest comeback but still a comeback,” Journal of Commerce Economist Mario O. Moreno told the 13th annual TPM Conference.

Maersk Line is having mixed results in its attempt to raise reefer container rates by $1,500, with actual price gains varying by commodity and lane, according to at least one ocean shipping analyst. But there is little doubt about the overall direction of refrigerated freight pricing.

OOCL reported profit in 2012 was $297 million, jumping 63 percent from $182 million in 2011.

Emirates Shipping Line will hike rates on its East Africa trade lanes, effective April 1.

The member carriers of the Caribbean Shipowners Association will implement a port congestion surcharge for all full container load shipments moving between the continental U.S. and St. John’s, Antigua, starting March 31.

CMA CGM will increase rates in its trade from North Europe to South America’s west coast, starting April 1.

Japan’s Miyagi and Fukushima prefectures, which bore the brunt of the catastrophic earthquake and tsunami on March 11, 2011, have seen their imports from foreign countries recover to the levels that existed before the twin natural disasters.

Bengal Tiger Line has started a container feeder service between Marg Karaikal Port in India and Colombo, Sri Lanka.

Emirates Shipping Line will enter into a partnership with APL and OOCL in their CIX service and will be a vessel-sharing partner in the service.

Five Somalis have been convicted by a U.S. federal jury of engaging in piracy and committing other offenses regarding the attack on the Navy ship, the USS Ashland.

The U.S. will continue to be the leading corn exporter to the world during the next 10 years, according to the U.S. Grains Council’s Chart of the Week, which shows the U.S. Department of Agriculture’s projections for changes in...

View the complete video of the opening keynote address by Maersk Lines's CEO Søren Skou at TPM 2013. In his speech he unveils Maersk's "Customer Charter," whereby the carrier will release metrics on various elements of customer service, including documentation accuracy.

There will be a net overcapacity of at least 6 percent in the eastbound Pacific this year, but if carriers take the proper actions at the right times to match capacity with demand, they may be able to avoid a ruinous rate war for the second year in a row, according to an industry analyst.

Eimskip reported a net loss of €1.0 million (about US$1.3 million) in the fourth quarter of 2012, plummeting 261.5 percent from a profit of $0.8 million in the fourth quarter of 2011.