Container lines

Hanjin Shipping is taking delivery this month of the last two in a series of five containerships, each with capacities of some 8,600 20-foot equivalent units.

Horizon Lines says most of its customers are sticking with the financially ailing container line despite an accountant's note that cited doubt about the company's status as a going concern.

Ship Finance International placed a $230 million order for four vessels with a capacity of 4,800 20-foot equivalent units each, the shipowner announced April 11.

The CKYH alliance among Cosco, "K" Line, Yang Ming and Hanjin Shipping is restructuring and upgrading its all-water services from Asia to the U.S. East Coast later this month.

Japan is set to start radiation checks on ships and containers leaving three main international ports in and near Tokyo for foreign ports by the end of this month.

Maersk Line, Ltd., the U.S.-flag subsidiary of Maersk Line, won a contract for the operation and maintenance of two ships in the U.S.

The MOL Presence arrived in Hong Kong Friday afternoon after a test found the level of radiation had declined from the previously higher-than-normal level detected after the vessel passed within 70 mi

The Containership Company said weak volume and rates forced it to end niche trans-Pacific service it launched a year ago.

The Luksik group, a Chilean mining and investment group, has agreed to pay $120 million for an additional 8 percent of container line CSAV, in addition to the 10 percent it bought last month.

Damco, the logistics arm of the A.P. Moller-Maersk Group, appointed Humberto Florez to head up the company’s business in Latin America, effective April 1.

APL is extending its North Asia Philippines Express feeder service to cover Central China and Manila in the Philippines this month.

Danaos took delivery of the two biggest container vessels it has ordered to date and the first to be financed under the Greek shipowner's recently agreed refinancing program.

Three U.S.

DP World, the global container terminal operator, said it will seek shareholders approval for a one-for-20 reverse stock split in a bid to boost its share price ahead of a planned listing in London.

Moody's assigned a provisional Ba3 rating to CMA CGM and judged the outlook for the world's third largest ocean containe

Ocean carriers are committed to ending the 50-year-old practice of supplying chassis to their customers in the U.S., but industry experts predicted it will take several years before equipment supplier

Shipping research group Clarksons is forecasting worldwide container ship capacity will grow only 7 percent this year and 9 percent next year, a relatively low expansion despite large outstanding orde

MOL merged subsidiaries International Marine Transport and MOL Tankship Management, effective April 1.

TUI confirmed it is talking with potential investors about the sale of its stake in German ocean container carrier Hapag-Lloyd but did not reveal their identities.

Crowley Maritime is restarting the second weekly service to Haiti from the Dominican Republic and South Florida.

Global ocean container traffic reached an all-time high of 560 million 20-foot equivalent units in 2010, driven by surging volume at Chinese ports, according to Alphaliner.

A senior official at CMA CGM says the world's third-largest container line will not participate in a freight rate

Onyx Investments, an Omani government-owned sovereign wealth fund, took a 15 percent stake in Hapag-Lloyd, an official at the parent company of Onyx said on Monday.

Paragon Shipping unveiled plans to raise almost $200 million through an initial public offering of shares in its recently established container ship unit Box Ships, Inc.

"K" Line, which already owns 50 percent of German heavy-lift carrier SAL Group, reached agreement to acquire the remaining 50 percent by the end of June.

APL’s container volume increased 12 percent in the four-week period from Feb 12 to March 11 compared to the same period last year, APL parent Neptune Orient Lines reported Monday.

Japanese and foreign shipping firms urged the Japanese government to take further action to minimize the effects on their business of radiation fears amid the

Horizon Lines expects to default on its debt covenants this year, a development the company’s accountant says raises “substantial doubt” about the largest U.S.

APL will begin radiation scanning next week of containerized Japanese exports delivered to the shipping line’s marine terminal in Yokohama for transport on APL vessels.

Grand Alliance members Hapag-Lloyd, NYK Line and OOCL, together with alliance partner Zim Integrated Shipping Services, are teaming up with Hyundai Merchant Marine to launch an all-water service from

Trailer Bridge, hurt by falling charter and Puerto Rico business, reported a loss of $2.9 million in the fourth quarter of 2010, pushing the debt-saddled company to a $2.3 million loss for the full ye

Mediterranean Shipping Co. is adding $240 to $400 per container to its rates from North America to Europe, the carrier's second general rate increase on the trans-Atlantic in a month.

Horizon Lines said it is trying to refinance its debt to avoid an expected default and would not comment on a Bloomberg News report quoting unnamed sources as saying the largest U.S.

Evergreen, Zim Integrated Shipping Services and China Shipping Container Lines will launch a joint Asia-Europe service at the end of April, the carriers announced Thursday.

Four Asian carriers are teaming up in a joint service from North Asia to Long Beach in early April.

Horizon Lines has no plans to sell any of its container liner services as it seeks to restructure its finances to avoid an expected default on its debt this year, the company's chief executive said.

Hamburg Sud North America and Hamburg Sud subsidiary Alianca plan to stop providing chassis to shippers moving cargo with merchant's haulage through Baltimore-area terminals and depots as of May 1.

Zim Integrated Shipping Services rebounded to a $54 million net profit in 2010 from a $432 million loss a year ago driven by increased cargo volume and higher freight rates.

Crowley Maritime appointed Carl Fox as senior vice president of corporate services as of June 1.

The CMA CGM Columba became the largest container vessel to call at a Vietnamese port when it participated in the inauguration of the new Cai Mep International Terminal.