Container lines

Mediterranean Shipping Co. is advising its customers this week of a series of rate increases and changes in various surcharges that will take effect within the next month.

The Federal Maritime Commission in 2011 will focus on the "Three Cs," containers, contracting and capacity, according to Chairman Richard A. Lidinsky Jr.

Ocean container carriers are set to earn an all time high profit of $13 billion in 2010 after posting a record loss of $15 billion a year ago, a leading analyst forecast.

Vessel overcapacity for container ship lines is expected to worsen through April and persist through 2011, Paris-based SeaAxis said in its quarterly report on container shipping.

Somali pirates captured a Malaysian container ship and its crew on Friday in the Indian Ocean.

TUI, the German travel company that owns the biggest stake in Hapag-Lloyd, is working with three banks to prepare the sale of its stake in the container line, according to a report by Bloomberg News.

Ocean customers in the eastbound Pacific aren’t batting an eye over carrier intentions to increase freight rates by $400 per 40-foot container to the West Coast and $600 to inland and East Coast

Surprise visitors arrived at the headquarters of Horizon Lines, Sea Star Line and Crowley Maritime on April 17, 2008.

French ocean carrier CMA CGM, in a broad overhaul of the its troubled finances, said Friday it has a new agreement to restructure its huge debt and also expects to get a new $150 million cash injectio

Israeli ocean carrier Zim turned a $37 million net profit in the third quarter after losing $208 million a year ago as increased cargo volumes, higher freight rates and lower costs helped the company

Maersk Line is close to placing an order for up to 20 container ships that would each be able to transport 18,000 20-foot ocean containers, breaking through industry standards for carrying capacity.

Container line CMA CGM announced an agreement Thursday with Turkey-based investment firm Yildirim Group that will push $500 million into the debt-ridden French carrier.

Evergreen Line is entering into a vessel-sharing agreement with intra-Asian carrier MMC Transport to launch the Malaysia - Bangladesh Shuttle service.

Matson Navigation, joining the move by ocean carriers to announce price increases early heading into the New Year, said Thursday it plans to freight rates between Hawaii and the mainland by $120 per w

Port Metro Vancouver hit the high point in container traffic in the port authority&rsquo;s nearly three years of existence in October, with volume growing 19.5 percent over the same month a year ago.<

The end is near for the Federal Maritime Commission&rsquo;s high-profile investigation into carrier capacity and equipment shortages.

Leading containership charter owner Costamare reported lower revenues and profits in the third quarter, but the company said they are optimistic about future growth.

APM Terminals, the terminal-operating arm of A.P.

London — Maersk Line is settling a $13.9 million lawsuit by British retailer Argos claiming the Danish ocean carrier breached its contract with the shipper for Asia-Europe transport.

Shippers, you&rsquo;re on notice: Even if your cargo isn&rsquo;t destined for Europe, effective Jan.

When 2010 opened, container shipping analysts predicted the federal stimulus program and rebuilding of retail inventories would drive rapid growth in the first half of the year, but imports would slow

China said Friday it was sending a warship to help a COSCO Shipping cargo ship that was attacked by pirates in the Indian Ocean near East Africa.

Shipping lines in the eastbound Pacific announced a target Friday of increasing freight rates $400 per 40-foot container to the U.S.

The state-owned Shipping Corporation of India will launch a container service between the Indian subcontinent and East Africa, starting at the end of November.

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&rsquo;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 &ldquo;green&rdquo; in their efforts to conduct business in a more environmentally friendly way.

American Feeder Lines Holding appointed Rudy Mack, former president of Hapag-Lloyd&rsquo;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.