Container lines

OOCL reported positive operating results Friday for the second quarter ended June 30, with strong increases in both container volume and revenue.

Mediterranean Shipping Co. will impose a peak-season surcharge on westbound trade from Asia to Europe, starting Aug. 1.

Overall growth in containerized Asian trade has been at a snail’s pace, with imports through the U.S.

German competition regulators approved the acquisition by Sweden’s Stena Line of five Baltic Sea freight routes from German rival Scandlines, accelerating the consolidation of the one of Europe&

Strong iron ore and coal shipments for the steel and construction industries were key in driving traffic on the St.

Singapore-based container carrier APL will seek a general rate increase on trades from India to the U.S., starting Aug. 5.

Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to secure another rate increase in early August.

Oscar J. Abello, the former president, CEO and chairman of "K" Line America, died on Sunday, July 8, in Pembroke Pines, Fla., where he had retired.

Maersk Line plans to implement a new round of general rate increases in its Asia services that would take effect Aug. 1.

Box Ships Inc.

Cai Mep International Terminal will handle close to 600,000 20-foot equivalent units in 2012, representing 50 percent of the containers moving through the Vietnamese port which has five other terminal

Maersk Line will seek a general rate increase on shipments from India to Latin America, effective Aug. 1. The proposed increase will be $150 per 20-foot-equivalent unit.

French ocean carrier CMA CGM said it is a member of a consortium that plans to bid and invest between 200 million euros and 250 million euros ($250 million-$315 million) to develop and operate a secon

Hapag-Lloyd said it plans to extend a $250 per 20-foot container peak-season surcharge imposed May 1 on Europe-Asia trades through the end of August.

Taiwanese ocean carrier T.S. Lines is joining the China-India Express (CIX) service operated by Hyundai Merchant Marine, effective this month.

The world’s top 20 ocean carriers boosted their container ship fleets by 844,000 20-foot equivalent units in the past 12 months, intensifying competition even as they piled up large losses, acco

Matson Inc.

Container lines could reduce their overall losses for the year as a whole to $1.3 billion or even turn a profit of $1.3 billion, depending on the overall development of costs, particularly fuel, accor

Taiwanese carrier Evergreen has finally embraced mega container ships, agreeing to charter 10 13,800 20-foot equivalent unit vessels ordered today at South Korea’s Hyundai Heavy Industries.

Hapag-Lloyd plans to implement a peak-season surcharge and a general rate increase on Asia-Europe trade, as part of a new rate restoration program.

Matson Inc.

NOL plans to sell its Singapore headquarters building as part of an ongoing cost-reduction and restructuring program that is producing wide-spread layoffs globally.

Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding Japan) to ports on the Indian subcontinent.

Are long-term freight contracts reset periodically to reflect variations in spot rate indices the answer to rate volatility?

Shippers and carriers use several spot rate indices to benchmark their contracts.

Container ship lines say it’s not unusual for their cargoes’ actual weights to be 3 to 7 percent higher than reported weights.

As ports prepare for a modest spike in cargo volumes during the peak shipping season, ocean carriers, marine terminals, railroads and equipment providers appear to be flush with capacity.

Zim Integrated Shipping Services is adding a call at the Port of Halifax in July in its Zim Container Service Atlantic, known as the ZCA service.

Mediterranean Shipping Co. revamped its weekly service between the U.S.

State-owned Shipping Corporation of India will seek a general rate increase on westbound trade from India to Europe and the Mediterranean.

Singapore-based container carrier APL is reorganizing its Subcontinent-Red Sea Express (SRX) Service, effective in July.

The Port of Tacoma will receive two new container services in early August when the Mediterranean Pacific and the Oceania services begin calling at the port.

Average spot rates on the Asia-Europe trade slipped this week for the seventh week in a row, threatening to erode the series of four big general rate increases that carriers have been able to nail dow

An extensive search of a container ship at Newark, N.J., ended this morning without authorities finding any stowaways.

Mediterranean Shipping Co. will impose a general rate increase on shipments from Asia to the east coast of South America, starting July 15.

The United Seamen’s Service will present the 2012 Admiral

The Agriculture Transportation Coalition said APL, “K” Line and OOCL shared the top ranking in the organization’s seventh annual carrier performance survey.

Hong Kong’s Cosco Pacific, operator of the biggest container terminal in the Port of Piraeus, Greece, is considering further investments in the country as the cash-strapped Athens government pre

Box Ships took delivery Monday of its eighth vessel, the OOCL Hong Kong, a secondhand vessel built in 1995 with capacity of 5,344 20-foot equivalent units.

Oman Container Lines will begin a new service to India on July 3.