Container lines

Container lessor Textainer reported higher first quarter profit and said it invested $506.5 million on new dry and refrigerated containers to be delivered during the first half of this year.

Container ship owner-charterer Danaos reported a profit of $5.4 million in the first quarter, according to the company.

Diana Containerships, a majority-owned subsidiary of the Greek dry bulk shipowner Diana Shipping, posted first quarter profit of $256,829, reversing a loss of $236,682 in the first quarter of 2010.

CMA CGM will start a new service linking Asia, Indian Ocean Islands and South Africa on Sunday May 8.

Pirates seized a bulk cargo carrier with 24 Chinese crew members and damaged a container ship owned by Evergreen Marine’s Italia Marittima in separate incidents Thursday in the Arabian Sea.

China Shipping Container Lines and United Arab Shipping Company entered a slot swap agreement for their services operating on Asia-Europe trade routes.

Retailers reported strong April sales that were boosted by pre-Easter sales but tempered by bad weather and signs that rising gasoline

Drewry Shipping Consultants and Cleartrade Exchange on Thursday unveiled a global index of freight rates they said can be used by physical and derivative market participants to manage freight risk.&nb

Pacific International Lines is expanding its China Transpacific service to connect Long Beach with ports in Australia and New Zealand.

Container ship owner-charterer Seaspan reported first quarter profit of $50.5 million as its expanded fleet pushed revenue up 50 percent from a year earlier.

United Arab Shipping Company will implement a peak-season surcharge for all cargo shipped from Asia to the U.S. East Coast.

The Trans-Pacific Maritime conference, The Journal of Commerce’s largest event of year, will be held on March 4-6, 2012, and March 3-5, 2013, in Long Beach, Calif.

The Danish administrator appointed to oversee The Containership Co.’s financial restructuring is asking the defunct trans-Pacific line’s former customers to pay their obligations under min

Tropical Shipping’s first quarter operating loss widened to $1.2 million from $500,000 a year earlier as shipping volume for the carrier’s Bahamas and Caribbean services declined 9.6 perce

Matson Navigation swung to an operating loss of $7.4 million in the first quarter ended March 31 from a profit of $10.4 million in the same quarter a year earlier, as soaring fuel prices ate up the in

The Drewry Container Rate Benchmark for eastbound trans-Pacific shipping climbed 8.9 percent in the week ending Monday, the second week-to-week increase in the last three weeks.

The number of idle container ships is at a 30-month low, with only 71 ships recorded as unemployed, according to a survey of the container fleet by Alphaliner last week.

APL’s container shipping volume gained 12 percent year-over-year in the four weeks that ended April 8, but average revenue per container slipped, parent company Neptune Orient Lines said.

Somali pirates released the Sinar Kudus, an Indonesian-flag multipurpose vessel, and its 20 crew members on Sunday after 46 days in captivity, according to Navfor, the EU anti-piracy naval force.

The Ocean Carrier Equipment Management Association is launching a Chassis Provisioning Information section on the OCEMA Web site to help shippers understand the changes that ocean carriers are making

Carriers and ports notched up their security programs Monday morning following the announcement that U.

Hanjin Shipping took delivery of the fourth in a series of five container ships with capacities of 10,000 20-foot equivalent units.

Horizon Lines said its onetime parent, CSX, agreed to a $3 million annual reduction in charter rates on three ships Horizon leases from CSX.

The maritime shipping world as many in the United States see it can be divided into two parts, one under the jurisdiction of the Jones Act, and everything else.

Maersk Line announced a general rate increase on Asia-Europe trade lanes as part of what it calls a new "rate restoration initiative."

The U.S. Navy and the Maritime Administration’s marine highway program are sailing on intersecting courses, and the result could bring benefits to all parties.

When Ng Yat Chung takes over as group president and CEO of Neptune Orient Lines in January, the former head of Singapore’s armed forces will bring a very different set of skills to the job of ru

U.S. and European shippers beware: It’s going to cost a lot more to import goods from Southeast Asia and the Indian subcontinent through the Suez Canal.

Container ship charter rates are retreating as a wave of newly-built ships entering the market dulls ocean carriers' appetite for hired vessels.

Horizon Lines, already trying to stave off bankruptcy protection, said first quarter losses widened as China-West Coast service got off to a rough start, fuel costs rose and volume was flat in the car

Mediterranean Shipping Co. will increase its bunker fuel surcharges June 1 on all U.S. imports from northern Europe, Scandinavia, the Baltic countries and the Mediterranean.

A federal court in Puerto Rico agreed to reduce Horizon Lines' $45 million fine for antitrust violations to $15 million, an action Horizon said lifts the threat that the company will default on its bo

China Shipping Container Lines said its net loss for the first quarter narrowed 24.1 percent from a year earlier to $22.5 million, after three consecutive quarters of profits.

OOCL christened its newest ship the OOCL Beijing in ceremonies Thursday at Hungdong -Zhonghua Shipbuilding in Shanghai.

China Cosco Holdings swung to a loss of $77.3 million in the first quarter ended March 30 as global vessel overcapacity caused a decline in freight rates in the container and dry bulk sectors.

Japanese carrier “K” Line reported $368 million in net income for its just-ended fiscal year but forecast lower profit and revenue amid a “largely unpredictable” outlook for shipping.

Japanese shipping conglomerate NYK Line reported a $912.7 million profit for its just-ended fiscal year, reversing a $187.5 million loss a year earlier.

Japanese ocean carrier Mitsui O.S.K.

The Justice Department wants Horizon Lines' $45 million fine for price-fixing in the U.S. mainland-Puerto Rico trade to be slashed to $15 million to avoid sending the carrier into bankruptcy.

MOL will upgrade its Singapore-Nhava Sheva-Karachi Service linking Southeast Asia and the Indian subcontinent, starting in May.