Container lines

Hanjin Shipping will increase its freight rates on the Asia-Europe and trans-Atlantic trades as of April 1.

Average spot rates on a key trans-Pacific container route posted their third consecutive weekly decline and are 37.2 percent below their peak last August, Drewry Shipping Consultants reported.

The six member carriers of the U.S.-Australasia Discussion Agreement announced a general rate increase that will take effect on April 15.

American Feeder Lines, which is seeking financing for a U.S.-flag coastal service, said it will launch weekly container ship service this spring between Halifax and the U.S.

OOCL plans to stop providing chassis for import and export haulage at nine more U.S. cities as of May 1.

The CKYH Green Alliance of four Asian ocean container carriers is boosting capacity on Asia-North Europe routes with the addition of a new service.

Container ship lines are poised to break a years-long pattern of vessel capacity expanding faster than cargo volume but only if they avoid another ship-ordering binge, Dynamar says in a report profili

CMA CGM thinks the supply of vessel capacity on the trans-Pacific this year needs to be expanded to meet growing demand in both directions, so it and its

Maersk Line plans to enhance its trans-Pacific service network at the end of May by expanding port coverage to the Yangtze River and other outlying cities.

NYK Logistics (Americas) announced Monday that Michael Noone is joining the company as chief operations officer on March 1.

Ocean container carriers are losing money on key trade lanes, including the Asia-Europe route, as margins come under increasing pressure from rising fuel prices and weakening freight rates, according

Maersk Line launched a new weekly service this month linking ports on the U.S. East Coast with Peru and Ecuador.

German ocean carrier Hapag-Lloyd, which came close to collapse during the container shipping slump, earned a record $1.25 billion in 2010 compared with a year earlier loss of $142 million as the globa

Maersk Line’s recent order for 10 ships with capacities of 18,000 20-foot equivalent units apiece cements its position as the world’s largest container line, according to Alphaliner.

In two decades as a shipper and a motor carrier, Craig Dickman grew increasingly dissatisfied with what he calls the “black box” of diesel fuel surcharges.

CSAV, CMA CGM and China Shipping Container Lines will pool vessels in a new service starting in April between Asia and Mexico's West Coast, the Caribbean and the north coast of Brazil.

The TCP Paranagua Container Terminal received a call this week by the Maipo, the largest vessel ever to call at Brazil's third-largest container terminal.

CMA CGM swung to a net profit of $1.63 billion in 2010, from a year earlier loss of $1.4 billion, driven by higher cargo volume and freight rates and cost cuts.

Horizon Lines said it is in discussions to sell its logistics unit and expects to report lower fourth quarter results next Thursday.

Horizon Lines agreed to plead guilty and will pay $45 million in fines for antitrust violations in the Puerto Rico trade.

NYK Line plans to increase its trans-Atlantic freight rates on cargo moving in both directions as of April 1.

The Coast Guard is proposing changes in regulations to clarify the requirements for rebuilding Jones Act ships at U.S. shipyards.

Norway's Green Reefers, a refrigerated cargo ship operator, reported fourth quarter 2010 pre-tax losses widened to $24 million from $18.7 million a year ago on historically low spot freight rates, fla

Mediterranean Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.

Container shipowner Seaspan said it is negotiating to order up to 10 new ships that would carry up to 10,000 20-foot equivalent units each and have “an innovative design that focuses on improving load

United Arab Shipping Co. plans to move its U.S.

All Libyan ports and terminals have been temporarily closed amid violence in the North African country, CMA CGM said on Wednesday.

OOCL is joining CMA CGM’s India-Pakistan-Europe service as of April 1.

French carrier CMA CGM will seek a general rate increase on the westbound trades from India to Europe, as part of what it calls a new rate restoration program.

Four Asian carriers plan to launch all-water bi-weekly service from Asia to the East Coast of South America, adding capacity on the trade route they already serve with a weekly service.

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German ocean carrier Hamburg Sud on Monday christened the Santa Isabel, the second of 10 sister ships, each with a capacity of 7,100 20-foot containers.

Hapag-Lloyd is aiming for an initial public offering in Frankfurt in mid-April with a target valuation of the company close to $5 billion, according to German press reports.

CMA CGM is handling a new cargo on its giant container ships—people.

Hamburg Sud and Chilean ocean carrier CCNI started direct service between the West Coast of North America and Le Havre on Feb.

CSAV and China Shipping plan to add a shared all-water service linking Asia and the U.S. East Coast via the Panama Canal.

Container shipping lines remain threatened by overcapacity that will peak soon before diminishing later this year as trade volume rises, Paris-based SeaAxis said in its quarterly report on container s

London – Maersk Line formally announced a $1.9 billion order for 10 container ships with 18,000 TEUs on Monday, setting a new standard for scale in the shipping industry, and said it’s lik

Norway's GTB Invest purchased for $310 million two 13,100 20-foot equivalent unit vessels on order from Hyundai Heavy Industries, less than three months after taking delivery of its first box ship.

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