Container lines

Maersk Line will launch service between southeast India and Sri Lanka and northern Europe in early March to tap into "one of the world's fastest growing sourcing areas for our customers."

The Cleveland-Cuyahoga Port Authority is shifting its plans from a freight-focused ferry service across Lake Erie to Canada to focus on passenger operations.

Spot rates on a key trans-Pacific container route fell 2.4 percent last week from a year earlier - the first year-to-year drop since January 2010, Drewry Shipping Consultants reported.

Trade moving through India’s Port of Cochin is at a complete standstill as the planned transfer of container activity from the port terminal to the new DP World facility hit a roadblock following labo

United Arab Shipping Company finalized a $302 million loan facility to finance the acquisition of three remaining container vessels of 13,100 20-foot equivalent units capacity.

APL’s parent company reported fourth quarter net earnings of $177 million, reversing last year’s losses and pushing 2010 net profit to $461 million, but warned of “uncertain” market conditions.

Mediterranean Shipping Co. announced new rate increases for U.S.

Ocean container carriers will boost capacity between the Far East and the U.S.

Container ship owner-charterer Rickmers Maritime reported a 31 percent increase in fourth quarter net profit and said it reduced its bank debt by 13.5 percent last year amid a strengthening container

Safmarine is introducing a direct service it calls FMX between the Far East and main ports in West India and Pakistan by offering slots it is buying on a service operated by Simatech, the Dubai-based

Maersk Line and Hapag-Lloyd entered a slot swap agreement for services from the Mediterranean to the U.S. East Coast and Gulf Coast, effective March 1.

Hapag-Lloyd swung to an operating profit of $133 million in the final quarter of 2010 from a year-earlier loss of $211 million as rising cargo volume and sharply higher freight rates accelerate plans

The Federal Maritime Commission's inquiry into the effects of slow steaming on the maritime marketplace is officially under way. The commission announced the study at its meeting Jan.

Global Ship Lease filed a shelf registration statement with the Securities and Exchange Commission for the sale of up to $500 million in shares of its stock.

A significant turnaround in the liner segment coupled with tight cost controls helped state-owned Shipping Corporation of India boost net profit 40 percent year-over-year in the third quarter of fisca

Hapag-Lloyd said Monday it will phase out of the business of providing chassis for merchant haulage at ports and at inland intermodal rail terminals on the East and Gulf Coasts and in the Midwest star

Maersk, APL and Hyundai Merchant Marine scored best in on-time reliability among container lines in the fourth quarter, according to a Drewry Maritime Research report that said carriers' overall sched

Jacques Saade’s return to the helm of French ocean carrier CMA CGM completes a Lazarus-like revival of a company tipped as the most likely casualty of the deepest recession in the history of con

Hanjin Shipping’s planned terminal at the Port of Jacksonville is several years from being completed but it’s already busy with activity — just not the cargo handling the Florida por

Percy Pyne IV is a New York real estate magnate accustomed to thinking big.

Vessel-handling operations were starting to return to normal in Port Said, Egypt, Feb.

Vessel utilization rates in early January in the eastbound trans-Pacific averaged 88 percent to the West Coast and 95 percent to the East Coast leading up to the Chinese New Year celebration, and trad

Middle East carrier United Arab Shipping Company announced a "contingency surcharge" on cargo moving to and transshipped via ports in Egypt.

Matson Line's operating profit dropped 14 percent to $11.6 million in the fourth quarter of last year from $13.9 million in the same 2009 quarter.

Mediterranean Shipping Co. announced a series of increases in freight rates and bunker surcharges, all of which are effective March 1.

The Suez Canal remained open to ship transits Thursday and shipping companies are re-opening offices despite escalat

TUI and a group of German investors are moving toward an initial public offering for German shipping line Hapag-Lloyd in the second quarter, Reuters reported.

China Shipping Container Lines took delivery of the first of eight new container ships whose capacities of 14,100 20-foot equivalent units are among the world’s largest.

Japanese carrier MOL said 97 percent of the ships in the trans-Pacific services on which it participates arrived at ports within 24 hours of schedule during the last quarter of 2010.

Costamare, the NYSE-listed container ship owner, announced the signing of a contract for two new vessels with capacity of 9,000 20-foot equivalent units and the acquisition of three smaller secondhand

More than 350 container ships were scheduled to enter the world fleet last year, but shipyards delivered only 290, London-based shipbroker Braemar Seascope said in a report.

Yusen Logistics boosted net profit 125 percent year-over-year to $34.9 million in the first nine months of fiscal 2010 with the absorption of NYK Logistics.

The Suez Canal remained open to vessel traffic on Tuesday, but A.P.

Neptune Orient Lines said Monday container volume for its APL subsidiary grew 24 percent in 2010 over the previous year on an average gain of 22 percent on revenue per container.

Container shipping provided most of the profits that put Japanese carrier “K” Line back in the black during its October-December quarter, reversing losses of a year earlier.

Japanese shipping group MOL reported higher container shipping profit but cut its earnings forecast for its fiscal year ending March 31, citing weakness in bulk and tanker markets.

Egyptian ports were closed or operating at sharply reduced capacity amid a seventh day of anti-government protests Monday, but the Suez Canal remained open for transits.

NYK Line’s net profit jumped more than tenfold in the Japanese shipping company’s October-December fiscal third quarter as improved container shipping results offset higher fuel costs and soft bulk ma

A Cyprus-registered container vessel collided with an Indian naval warship off the Mumbai harbor Sunday. No injuries or oil spill were reported.

Orders for new container ships are returning to normal levels this year as orders decline 21 percent over the last year, according to a new report by BIMCO, an independent shipping association based i