Container lines

Mediterranean Shipping Company imposed a peak-season surcharge on westbound shipments from Asia to all Mediterranean destinations, starting Sept. 5.

Container shipping is heading toward a prolonged slump that could last longer than the 2009 downturn, research analyst Alphaliner warns.

APL’s average revenue per container plunged 17 percent year-over-year in July but rose 1.7 percent from the previous month.

When Union Pacific Railroad’s intermodal volume slipped 1 percent in the second quarter, including a 2 percent drop in international containers, barely a ripple of concern or financial pain flut

DFDS, Europe’s largest short-sea freight shipping company, boosted second quarter pretax profit by 113 percent to $58 million, largely through an acquisition of a ferry operator and higher traff

Pirates hijacked a Marshall Islands-flag chemical tanker with 21 men while it was anchored at the Port of Salalah, Oman, on Aug. 20, according to the Indian Shipping Ministry.

The financial statements at container ship lines are looking like the 401(k)s of many Americans.

The Shanghai Containerized Freight Index measure of rates from Asia to the U.S.

Declining rates and liftings on the intra-Asia liner trades dragged MISC Berhad’s preteax profit down 57.4 percent year-over-year to $67.3 million in the first quarter ending 30 June.

United Arab Shipping Company set a peak-season surcharge on westbound shipments from Asia and Australia to West Mediterranean and Adriatic destinations, starting Sept. 1.

Panalpina launched three less-than-container-load weekly ocean services from Asia to Rotterdam, as the major forwarder grows its business on major Asia-Europe trade lanes.

Maersk Line announced a general rate increase on cargo shipped from the Indian Subcontinent to the east coast of South America.

Horizon Lines said it will make up its missed Aug. 15 interest payment on $330 million of its convertible notes when it announces a deal with lenders in “the near future.”

The costs of operating ships are increasing this year after a relatively static 2010 as operators face higher commodity prices and soaring premiums for piracy insurance, according to a new report by D

A.P.

The U.S.

The Drewry Container Rate Benchmark for shipping containers from China to the U.S. West Coast jumped 21.5 percent in the week ended Aug.

French ocean carrier CMA CGM will apply a port congestion surcharge on shipments moving from India’s Port of Nhava Sheva (Jawaharlal Nehru) to East/West Africa.

Maersk Line kicked off its service at the recently opened Cai Mep International Terminal in Vietnam when the Grete Maersk called there Tuesday as part of its trans-Pacific service.

Container throughput at the Port of Hamburg jumped 17.4 percent in the first half of 2011 from the same six-month period last year, as carriers added new and expanded liner services consisting of larg

Nine container ship lines want the Federal Maritime Commission to order the Port Authority of New York and New Jersey to quit collecting a fee that they claim illegally subsidizes intermodal rail ship

State-owned Shipping Corporation of India lost $1.3 million in the fiscal first quarter ending June 30, compared with a net profit of $42.5 million a year earlier.

Container ship owner-charterer Global Ship Lease said scheduled drydockings and non-cash charges caused a second quarter net loss of $11.7 million, compared with $5 million a year ago.

Asian Shippers Council Chairman John Lu says container lines are out of capacity reduction options and are falling back into tough competition over rates that will push some to the brink of bankruptcy

Trailer Bridge lost $3.6 million in the second quarter, compared with an $897,000 profit in the same period a year ago, largely because the carrier's charter business decreased and fuel costs rose $1.

Hanjin Shipping's container division lost $159 million in the second quarter, as rising fuel prices and a steep decline in east-west rates offset a 13.2 percent increase in volume.

Neptune Orient Lines reported a $57 million loss on Friday as its APL liner shipping operation's pricing fell 9 percent in the second quarter, and the shipping line said it will post a loss for the fu

Hapag-Lloyd’s second quarter profit tumbled to 26 million euros ($37 million) from $294 million in the second quarter of 2010 as declining rates and higher fuel costs offset a 3.3 percent increa

Container ship owner-charterer Seaspan took delivery of the third in a series of eight ships with capacities of 13,100 20-foot-equivalent units for charter to COSCO container lines.

The Green Alliance, formerly known as the CKYH alliance, will discontinue in September its weekly container service to the Port of Halifax in Nova Scotia.

Singapore-based ocean carrier APL said it is struggling to connect exports via terminals in India’s Port of Chennai because of severe port congestion and yard delays.

Seaboard Marine posted an $11.1 million operating loss in the second quarter as rising volume and rates were offse

China Cosco Holdings said it will likely post a loss for the first half of this year because rising fuel costs have eroded the container and bulk carrier’s earnings.

Taiwan-based Wan Hai Lines imposed port congestion surcharges on import containers handled at India’s Port of Chennai, making it the second ocean carrier to do so at India’s second-largest

Hamburg Sud will increase its bunker adjustment factor as of Oct. 1 for all cargo moving from U.S. and Canada to Europe and the Mediterranean.

The growth of U.S.

The container shortages that exacerbated the shortage of vessel capacity last year will not be a problem during this year’s peak season, according to Alphaliner.

Hapag-Lloyd said Tuesday it will apply “port congestion surcharges” on all containerized cargo moving to and from Chennai, the second major Indian port to attract such charges in recent we

Container lines are improving their vessels on-time arrival rates at ports, according to the latest measure of container service reliability by Drewry’s Schedule Reliability Insight.

Higher fuel costs and weak trans-Pacific results caused Matson Navigation’s second quarter operating profit to fall 75 percent to $9.4 million from $37 million a year ago.