Container lines

The state-owned Shipping Corporation of India plans to conduct a share sale on Nov. 30 that could raise up to $320 million for buying new containerships and tankers.

Hapag-Lloyd will suspend its weekly Antwerp-New York shuttle service from mid-December in an extended winter program "until the expected market volume returns."

MOL formed a tugboat company in Vietnam in a joint venture with two local companies.

At least 18 large shippers may pursue their own antitrust cases against U.S.-Puerto Rico carriers instead of joining in a $52.25 million settlement of a class-action lawsuit against Horizon Lines, Sea

CMA CGM will extend its Black Pearl service from the U.S. in response to growing market demand in the Caribbean and on the West Coast of South America.

An Indian forwarder filed a complaint with the Federal Maritime Commission against Damco USA and its Danish parent A.P. Moller-Maersk.

Hapag-Lloyd swung to a record operating profit of $361 million in the third quarter from a $253 million loss a year ago on higher cargo volume, soaring freight rates and lower costs.

Trailer Bridge reported a narrow $6,876 net profit for the third quarter, compared with $1.7 million a year earlier, as the carrier’s revenue fell 3.4 percent to $29.3 million.

Crowley Maritime promoted Jose "Pache" Ayala to the position of general manager for operations of its liner services group in Puerto Rico.

Horizon Lines plans to start express shipment of intermodal containers to several inland U.S. cities when it begins its Five Star Express trans-Pacific liner service from China next month.

Thomas J. Bethel, president of American Maritime Officers, and William A.

Global container lines are seeing “green” in their efforts to conduct business in a more environmentally friendly way.

American Feeder Lines Holding appointed Rudy Mack, former president of Hapag-Lloyd’s Americas region, as chief operating officer, giving the U.S.

A Maersk container ship was waiting in the French Port of Le Havre Friday to have its cargo secured after it lost 26 containers overboard on Tuesday in a powerful storm in the Bay of Biscay.

A.P. Moller-Maersk may sell bonds after discussions with investors to diversify its financing sources and to raise funds for new investments.

Mediterranean Shipping Co. will raise rates for container transport from Asia to the U.S. on Dec.

Mediterranean Shipping Co. will impose bunker surcharges on containers moving between North Europe and the Mediterranean and Venezuela, Central America and the west coast of South America as of Dec.

The Port of Seattle Commission authorized an additional expenditure of $110,000 in incentive money to encourage shipping and cruise lines to burn low-sulfur fuels in their auxiliary engines while at b

Lua Cheng Eng, who built the regional Neptune Orient Lines business into a world shipping power through the landmark 1997 merger with APL, died in Singapore on Nov. 9.

A.P.

International Longshoremen’s Association official Harold Daggett said he’s ready for “war” with container lines transferring intermodal chassis service to companies outside the

Several big Asian shipping lines say they are planning to order new container ships to meet the ongoing recovery in demand for container capacity.

Maersk Line is notifying trans-Atlantic customers of three increases in freight rates the world's largest container ship operator is planning for 2011 on that trade lane.

Hamburg Sud, the German liner company that specializes in the north-south trades, christened a new container ship on Monday in Callao, Peru.

The NYK Altair, the newest in NYK Line's series of vessels with a reduced environmental footprint, served Hamburg over the weekend on its maiden voyage.

Mediterranean Shipping Co. will increase the surcharges for bunker fuel and currency on cargo between Europe and South Asia as of Dec. 1.

United Arab Shipping Company will launch a container service between the Indian subcontinent and North Europe in late November.

APL’s average revenue per container declined 2.8 percent in October from the month before, reaching its lowest point since June, as demand leveled off at the end of the peak ocean container shipping s

Container ship lines enter the slack winter season hoping to stick with the formula that’s begun to reverse last year’s $15 billion in losses.

When Gill Hicks was general manager of the Alameda Corridor Transportation Authority in the 1990s, the key to securing approval and funding for what was then the nation’s costliest freight infra

Zim American Integrated Shipping Services said it will upgrade its weekly fixed-day SAX service this month from the U.S. Gulf to the East Coast of South America.

“K” Line said it will start offering more container slots between Honolulu and Asia next month on an existing service between Asia and the West Coast of South America.

Ocean carrier Matson’s operating profit surged 67 percent in the third quarter on 14 percent growth in revenue as the China trade boomed, supporting a 20 percent increase in parent company Alexander &

Hanjin Shipping said it swung to a profit of $196 million in the third quarter ended Sept. 30, compared to a loss of $338 million in the same quarter of last year.

The Federal Maritime Commission is seeking public comments and information to help in its three-year study of the effects of the European Union's repeal of ocean carrier antitrust immunity.

Yang Ming Marine, Taiwan’s second largest container line, posted a record profit and revenue in the third quarter, which ended Sept.

Hanjin Shipping said it reached an out-of-court settlement in London with Sumitomo Bank of Japan and South Korean container-leasing company Unitas over who owns 5,900 disputed containers.

OOCL confirmed Tuesday that it has been using low sulfur fuel in Hong Kong since the beginning of the year as part of the Fair Winds Charter, a voluntary shipping industry initiative.

CSAV said it will restart its services to West Africa next month with the introduction of the West Africa Explorer service between South Africa and Ivory Coast, Ghana, Benin, and Nigeria.

French ocean carrier CMA CGM is conducting trials of a new eco-container manufactured with non-wood composite flooring.