Container lines

Maersk Line signed a contract Monday for another 10 18,000 20-foot equivalent units containerships for the Asia-Europe trade, just four months after placing an initial $1.9 billion order for 10 of the

Neptune Orient Lines confirmed Monday contracts with two Korean shipyeards to build 12 container vessels, including 10 of its largest and most efficient vessels.

Container volume at APL rose 7 percent in the four weeks ending June 3 over the same period last year, but parent Neptune Orient Lines said average revenue per container fell 8 percent in a weak envir

When Maersk Line CEO Eivind Kolding this month issued his provocative call for radical changes in the way the global container industry operates, one of his three main points was the need for containe

Freight costs on shipments from India to West Africa will go up substantially effective July 1 following a

Ocean carriers are moving toward space and volume guarantees in agreements with shippers that include fees on both shippers and carriers if either side fails to meet the commitments spelled out in the

APL, in a strong move toward appeasing a primary concern among shippers, will introduce a new fuel surcharge formula on the trans-Pacific trade to reflect the financial impact of slow-steaming.

German charter shipowner Peter Dohle ordered eight container ships of 10,000 20-foot equivalent units capacity each with China’s Yangzijian Shipbuilding.

Emirates Shipping Line is joining the Far East-Middle East Express Service operated by Hanjin Shipping, effective early next month.

Charles I.

Shanghai – A Maersk Line executive said the carrier is seeing container shipping demand from Asia to the U.S.

The annual Admiral of the Ocean Sea Awards will be presented Oct. 28 to James L. Henry, chairman and president of the Transportation Institute; Gen. Duncan J. McNabb, commander of the U.S.

The race to order ultra large container ships as ocean carriers seek lower capital and operating costs will lead to increased rate competition as lines strive to fill their vessels, Alphaliner warned.

APL is expanding its China-India Express Service with a weekly call at India's Port of Pipavav, starting at the end of this month.

ECT, Rotterdam’s biggest container terminal operator, denied reports that ocean carrier Mediterranean Shipping Co. acquired a significant stake in its largest facility.

Horizon Lines announced a second one-week postponement of a deadline for securing bondholders’ support for a plan to refinance the debt of the largest U.S. domestic ocean carrier.

New York City’s district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is part of Iran's effort to obtain banned technology for its nuclear and missil

Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly to pay ransoms for two ships seized by pirates.

Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for radical changes to shipping business practices, but that hardly fazed him.

Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said on F

Even as it announced plans to order five big new containerships, Hanjin Shipping said it will suspend its Asia-Europe NE5 service in early July.

Some shippers and port executives in Southern California, assessing trans-Pacific shipping prospects at the start of the peak season, say they believe cargo volume will increase mo

Maersk Line in July will implement a peak-season surcharge for cargo shipped from India to the U.S., Guam and Canada.

Hanjin Shipping is teaming up with NYK Line to renew its Far East-Middle East Express service starting from early July.

Vessel operator and owner Diana Containerships on Thursday added a sixth ship to its fleet of containerships for hire.

Maersk Line parent A.P. Moller-Maersk postponed a planned bond issue worth up to $1.44 billion because of poor market conditions, analysts told Reuters on Wednesday.

Emirates Shipping Line is joining the Middle East Express Service operated jointly by Cosco Container Lines and Orient Overseas Container Line.

Container ship line CMA CGM appointed Michel Sirat, a longtime executive in the energy industry, to group chief financial officer.

Neptune Orient Lines today announced $1.54 billion of contracts for 10 new 14,000 20-equivalent unit ships, two 9,200 TEUs vessels and upgrades to 10 ships it ordered last year.

Six Indian sailors, held captive by Somali pirates for more than 10 months, were freed Monday after a reported $2.1 million ransom payment.

Mediterranean Shipping Co. is raising its freight rates on all export containers shipped from Portugal to the U.S. as of July 7.

The Baltic and International Maritime Council, the world’s largest private shipping organization, elected Yudhishthir Khatau of India as its new president.

The laid-up container ship fleet fell to its lowest level since August 2008 and is still shrinking as ocean carriers activate idle tonnage, Alphaliner reported.

CSAV’s volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined.

Japan’s Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake in Westwood Shipping Lines, a U.S.

Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S.

Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units.

Container ship line APL says the fast-growing U.S.

Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes, a key part of the