Container lines

More than three dozen customers of Sea Star Line and Crowley Liner services have filed a triple-damage antitrust lawsuit against the carriers, their parent companies and a former company official.

United Arab Shipping Co. has concluded a $150 million financing deal that includes a seven-year senior term loan facility with Burgan Bank’s corporate finance group.

Maersk Mc-Kinney Moller, the legendary Danish shipowner who helped build Maersk Line into the world’s biggest ocean container carrier, died today. He was 98.

Ocean carriers are preparing a fresh round of rate hikes on the Asia-Europe trade, taking advantage of stronger-than-expected cargo growth and a resilient spot market to move out of the red.

Evergreen Line said it will charter 10 ships with capacities of 13,800 20-foot equivalent units.

Maersk Line expects to lose money this year despite recent rate increases, A.P. Moller-Maersk Chairman Michael Pram Rasmussen told shareholders at the parent company’s annual meeting.

Cosco Container Lines announced an increase in its bunker surcharge on all shipments, including reefers, from the Far East to the east coast of South America.

United Arab Shipping Company will raise its rates on trades from North Europe to Asia and the Indian subcontinent, starting May 1.

Hapag-Lloyd will launch a new weekly service next month connecting Germany with ports in the Baltic region.

Mediterranean Shipping Co. denied it is weighing plans to spin off its global container terminals unit in an initial public offering in Singapore.

Orient Overseas Container Line will add eastbound calls in Los Angeles and Shanghai to its Pacific Atlantic Express service beginning with the May 9 sailing from Yantian, China.

CMA CGM has announced an “emergency rate restoration” of $385 per 20-foot container on routes from Asia to Europe and the Mediterranean.

Hamburg is set to sharply increase its share of the fiercely competitive North European container market after a long-delayed plan to

Horizon Lines said its fourth quarter loss on continuing operations narrowed to $6.9 million from $33 million a year earlier as

The general rate increase implemented on March 15 by carriers on the eastbo

"K" Line will upgrade its services linking Asia and Mexico and the west coast of South America ov

Horizon Lines has completed transactions that reduce the company’s net deb

OOCL named Andy Tung, its current chief operating officer, as its new chief executive, succeeding outgoing CEO Philip Chow, as of July 1.

Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to conta

Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced further rate hikes for dry

CMA CGM will raise its rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting May 1.

The reintroduction of idled container ships is the biggest threat to a l

Mediterranean Shipping Company will seek a general rate increase on westbound trade from India to North Europe

Hapag-Lloyd will impose a peak-season surcharge on eastbound trades from North Europe and the Mediterranean to the Indian subcontinent.

Spot freight rates in the Asia-Europe trade jumped 28 percent this week as the general rate increases imposed by carriers on April 1 took hold, only

INTTRA will provide ocean shipping planning, management and optimization services to the freight forwarding group WCA Family under a strategic alliance announced Thursday.

More modern vessels and slow-steaming will help Singapore container line APL cut carbon exhaust emission by 30 percent by 2015, the carrier says.

Israel Corp.

APL will raise its rates by $450 per 20-foot container on westbound trades from Asia to Europe, starting May 1.

Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container terminal at the Southern California port.

The construction of the new third set of locks at the Panama Canal is behind schedule by seven months, but the other seven major components of the canal expansion are ahead of schedule, so the overall

Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court’s approval last month.

Ocean carriers succeeded in raising freight rates on the headhaul legs of the Asia-Europe and trans-Pacific trades in the last month, but their results are likely to be weak in the first quarter befor

OOCL is joining other major container ship operators in seeking a second general rate increase this year on Asia-Europe services.

Roy Amalfitano has been named president of Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen Line.

Evergreen Marine swung to a $105 million net loss last year as weak rates plunged the company into red ink during the fourth quarter.

Maersk has continued its global round of freight rate hikes by boosting levies on its services into the U.S.

Japanese shipping giant MOL believes the current cross-sector shipping recession is without historical precedent.

China Shipping Container Lines said weak rates and high fuel costs contributed to a net loss of 2.74 billion yuan ($428 million) last year, compared with a $667 million profit in 2010.

Hamburg lawmakers approved a $562 million investment in Hapag-Lloyd that makes the city state the biggest shareholder in the German ocean container carrier.