Container lines

Horizon Lines says it has found a way out of a financial crisis triggered by the company’s guilty plea and fine for price-fixing in the Puerto Rico trade.

Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of Commerce rankings of the Top 40 Import Container Lines for the first quarter

The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft patch in the U.S. economy.

Rates for containerized ocean shipping exports from the United States to Asia are sliding this spring as a sharp upturn in vessel capacity offsets relatively strong demand for U.S.

Diana Containerships on Friday set the price of its public offering of 14.25 million shares of its common stock at $7.50 per share.

Orient Overseas Container Line took first place in the annual ocean carrier performance survey

Neptune Orient Lines said it would issue S$300 million (US$244 million) in 10-year bonds to help finance the purchase of new container ships for APL.

President Obama is keeping open the option of drawing oil out of the U.S.

A New England-Halifax shuttle service, launched by American Feeder Lines as the forerunner of a planned coast-wide network of short-sea services, will begin service next week.

European shippers are endorsing the call for radical changes in the container industry by Maersk Line CEO Eivind Kolding, but the European Shippers Council said Maersk has a heavy legacy to overcome a

The port of Antwerp wiil reward “clean ships” with a 10 percent discount on tonnage based harbor dues from July 1 in a bid to further cut emissions of pollutants.

Heavy-lift shipping company Dockwise warned today that it will transfer its Dutch-flagged ships to a different register unless the Netherlands allows it to hire private guards to fight pirates.

APL President Eng Aik Meng announced his resignation on Wednesday, expanding a rapid overhaul in the top leadership at one of the world’s largest container shipping lines.

Hapag-Lloyd said it will omit the next three ship calls on its GS1 service between the U.S.

A peak-season surcharge scheduled to take effect next week in the eastbound Pacific has been postponed for at least one month.

Maersk Line, the world's largest container shipping firm, announced the partial resumption of services at two Japanese ports damaged by the catastrophic earthquake and tsunami that hit the northeaster

Maersk Line CEO Eivind Kolding, using the pulpit of the world’s largest container shipping line, urged broad changes in the industry’s practices on Tuesday, saying the business must embrac

Pacific International Lines and Wan Hai Lines will upgrade their service network in the trade lanes between Asia and Europe, the carriers announced Tuesday.

Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July.

Global Ports, Russia’s largest container terminal operator, plans to raise about $100 million for an initial public offering on the London Stock Exchange.

Japanese export ship orders rose for the 17th consecutive month in April year-over-year, increasing 9.4 percent to 912,142 gross tons, according to figures released by the Japan Ship Exporters’

Sammy Ofer, the billionaire Israeli shipping magnate and co-owner of ocean container carrier Zim, died today in Tel Aviv after a long illness. He was 89.

Sharp Electronics and Pier 1 fell back sharply in The Journal of Commerce rankings of the Top 100 Importers for 2010 in a sign of the ongoing impact of the retail industry’s inventory retrenchme

Bob Sappio, a veteran of 29 years at APL, will leave the company as the container shipping line extends a restructuring of its top management.

The U.S.

Maersk Line will operate scheduled services to the Mediterranean island port of Marsaxlokk, Malta Freeport Terminal confirmed.

Mediterranean Shipping Co. will raise general rates on cargo shipped from northern European and Mediterranean ports to Canada and Mexico, effective July 1.

Neptune Orient Lines said Thursday it completed $1.1 billion in loan agreements and documentation with financial institutions providing financing for the 12 container ships the carrier ordered last ye

Horizon Lines, struggling in recent weeks to stave off a debt default, said Wednesday it has new agreements with bondholders to refinance the company's entire capital structure.

Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region. Effective June 1, the surcharge is $70 per 40-foot equivalent unit.

Hanjin Shipping introduced an upgraded Supply Chain Carbon Calculator that enables a shipper to calculate CO2 emissions for transporting a container by period, multiple destinations and bill of lading

Copenhagen’s stock exchange said Wednesday it found no basis for concluding A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda shipping analyst last month.

Horizon Lines says the New York Stock Exchange is warning the company faces possible delisting because its market capitalization and stockholder equity have fallen below NYSE criteria.

Ocean container freight rates on the Asia-Europe shipping lanes have become more volatile since the European Union outlawed liner conferences in October 2008, Alphaliner said.

Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy 50 percent of the French ocean carrier’s Malta Freeport container termina

Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks ending May 6 but average revenue per box fell back 4 percent to the lowest point

United Arab Shipping has a new $205 million loan facility to finance the acquisition of two container ships with capacities of 13,100 20-foot equivalent units.

Turkey’s bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to the test after the country’s general election on June 12.

The value of U.S. international trade rebounded sharply in 2010 and is now only 6.2 percent below the peak realized in 2008 prior to the global recession. International trade to and from the U.S.

If the world were a better place, the U.S. Agency for International Development wouldn’t be among the top 100 U.S. exporters.