Container lines

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.

Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific Northwest, starting April 22.

Chinese authorities rejected a container ship operated by MOL, Japan's second-largest shipping line, saying they had detected high levels of radiation.

Horizon Lines said it expects to default on its loans as the result of a $45 million fine for price-fixing in the Puerto Rico trade and could be forced into bankruptcy if a deal can’t be worked out wi

The Grand Alliance is resuming service to the Japanese city of Nagoya operated by Hapag-Lloyd on March 31, according to a bulletin by OOCL.

A U.S. District Court in San Juan issued a temporary restraining order on Friday in favor of Crowley Puerto Rico Services.

The Indian navy and coast guard captured 16 Somali pirates and rescued 16 hostages after a three-hour running battle in the Arabian Sea, according to media reports.

Crowley Maritime is adding a direct, fixed-day sailing from Port Everglades, Fla., to St. Maarten in the Caribbean that will reduce transit time by one full day.

Maersk Line is taking delivery of the first of a series of 22 container ships called Wafmax that are specifically designed for the limitations of the West African market.

The columns of red and black numbers in the rankings of the Top 40 Container Lines by volume reflect the tenuous recovery from the deep downturn in trade that hit carriers so hard in 2009.

Retired executive Ronald P. Schley, a veteran of 33 years in the shipping industry, died March 14 in Sparks, Nev., after a lengthy illness. He was 72.

Several German shipping lines suspended calls at eastern Japanese ports, including Tokyo, because of fears crews could be exposed to radiation from the damaged

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

The spot index for shipping containers from Shanghai to Europe slipped below $1,000 per 20-foot equivalent unit this week for the first time since March 2009 as fears of vessel overcapacity pervaded t

Maersk Line announced Thursday it will reduce ship calls to Hong Kong by up to a third starting in April, with Modern Terminals' Container 9 taking the brunt of one of the biggest shifts in years.

U.S. Customs and Border Protection cleared goods arriving on an APL ship from Japan this week, the first shipment of containerized cargo from post-earthquake Japan.

The chairman of Evergreen Group, Chang Yung-fa, donated $12.35 million of his personal fortune on Wednesday to help Japan with its post-disaster reconstruction.