Container lines

Maersk Line said Friday it lost $297 million on shipping in the third quarter amid collapsing freight rates on the key Asia-Europe trade lane, and the world’s largest ocean container carrier sai

Retired NOL Group President and CEO Ron Widdows, decrying the steep rate-cutting that is crippling the shipping industry’s financial health, said he expects container lines to idle a large swath

Matson Navigation saw third-quarter operating profit plunge 32.7 p

Steve Hastings has resigned as president of Sea Star Line, the third-largest carrier in the U.S.

Six ocean carriers that entered the trans-Pacific liner market in the past two years will account for $150 million of the likely $800 million total losses on the trade in 2011, according to Alphaliner

Danaos boosted third quarter revenue by 33 percent from a year ago as its fleet expanded but losses on interest rate swaps kept the Greek container shipowner in the red.

An International Longshoremen’s Association local has accused Yang Ming (America) of engaging in an unfair labor practice by refusing to negotiate a contract for the Taiwanese carrier’s tw

Trailer Bridge’s lenders have given the domestic carrier until Nov. 14 to refinance its $82.5 million in bond debt.

Fesco reported strong gains in international ocean container traffic and intermodal shipments in the first nine months of the year, as Russia’s largest container line benefited from surging impo

Horizon Lines lost $126.5 million from continuing operations in the third quarter, compared with a $8.2 million net profit a year earlier, but expects its recent refinancing and exit from the trans-Pa

Amid projections the shipping industry in 2012 will face another year of weak cargo growth and overcapacity, APL does not foresee carriers having much leverage in service contract negotiations next sp

American Feeder Lines is seeking a temporary exemption of the Jones Act to allow foreign-built ships into U.S.

Federal Maritime Commission Chairman Richard Lidinksy says the container shipping industry's trans-Pacific discussion groups are showing "near outright defiance” of a commiss

CMA CGM transferred 50 percent of its shares in the Malta Freeport transhipment hub to the Yildirim Group of Turkey, as French ocean carrier restructures in the wake of its financial crisis.

Green Reefers and Seatrade are pooling their refrigerated cargo ship fleets to combat fiercer competition from ocean container carriers.

Hanjin Shipping reported a third-quarter operating loss of $1.5 million on its container operations as sliding frei

Revenue at Orient Overseas Container Lines fell 8.3 percent in the third quarter as new capacity helped push average revenue per container down 14 percent from a year ago.

Caribbean carrier Tropical Shipping posted a $3.7 million third quarter operating loss, reversing a $3.6 million operating profit a year earlier, amid weak volume and higher fuel prices, parent compan

APL pulled some of its refrigerated containers from service and said Wednesday the remaining stock in its reefer fleet is safe

“K” Line added a weekly service called Jaseco-K connecting South Korea, the Philippines and Indonesia as a slot operator.

Evergreen Line is revamping several of its intra-Asian services in November to meet the growth of that trade caused by the free trade agreement between China and the 12 countries belonging to the Asso

Grand China Shipping has become the latest niche carrier to suspend a trans-Pacific service because of deteriorating conditions in the U.S. import trade from China.

Japanese carrier “K” Line reported a loss of $242.7 million in its fiscal first half, primarily because of c

MOL said container shipping losses contributed to a loss of $214.8 million for the six months ended Sept.

NYK said weak rates and a strong yen contributed to a $150.3 million loss for the first six months of its

UK-flagged merchant vessels will be allowed to carry armed guards to combat piracy, the Prime Minister David Cameron said.

NOL Group posted a third-quarter loss of

Cargo owners have begun lodging claims against Mediterranean Shipping Co., the charterer of the grounded Rena in New Zealand.

Matson Navigation Co. said it has capacity to handle cargo demand to Guam without adding ships in the wake of Horizon Lines’ cancellation of its trans-Pacific service.

Cargo owners and insurers that suffered losses in the wreck of the container ship Rena on a reef off New Zealand this month will have to navigate a maze of judicial jurisdictions and conflicting legal

China Shipping Container Lines lost $149 million in the third quarter, as weak rates caused revenue to tumble 36 percent to $1.1 billion.

China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a

The volume of containers transported by CSAV in September rose 2.2 percent from August, but dropped by 18.8 percent from a year earlier.

Intra-Asia operator Samudera Shipping Line saw its third-quarter profit fall 40.5 percent year-over-year to $

Japan’s NYK Line says container volume from Asia to the United States and Europe fell 10.2 percent from September to August in a

European Union regulators rejected a $230 million restructuring of Sea France, casting doubt over the survival of France’s state-owned freight and passenger ferry company.

Some trans-Pacific ocean carriers are skipping port calls and holding back vessel departures if bookings are weak, illustrating how

Horizon Lines is discontinuing its money-losing trans-Pacific service, a route that sought to sail in a niche market underneath the scope of larger container lines by linking the U.S.

Star Reefers’ loss in the third quarter widened to $14.1 million from $3.7 million a year earlier as the Norwegian refrigerated ship operator faced plunging spot freight rates and high fuel pric

Williiam G. Gotimer Jr. and Mark Tanner have been named co-CEOs of Trailer Bridge, replacing Ivy Barton Suter, who resigned Friday.