Container lines

Mediterranean Shipping Co. merged its Panama/Med service and the Puma service (U.S. West Coast to Panama) into one single loop.

The Federal Maritime Commission is stepping up its oversight of the Transpacific Stabilization Agreement and the Westbound Transpacific Stabilization Agreement by ordering verbatim records of their me

Maersk Line named Thomas Knudsen as the regional head of its Asia Pacific business based in Singapore, where he will be responsible for the execution of the Danish carrier’s day-to-day operations in S

Crowley Maritime acquired Puerto Rican logistics provider Islandwide Air and Ocean, and entered into an agreement with its sister company, Islandwide Logistics, to provide services such as warehouse m

The inquiry by India's Director General of Shipping found the MV Khalijia-3 was mainly responsible for the coll

The Containership Co., which began no-frills service from China to Los Angeles in April, reported a $3 million net loss on $21.2 million in revenue during the first half of its first year.

Slow steaming by container ships, introduced during the recession to absorb capacity and cut costs, is here to stay, according to Maersk Line, the world's largest ocean carrier.

Hamburg Sud christened the first of two identical container ships, both of which have a slot capacity of 4,600 20-foot equivalent container units, in Mexico on Saturday.

A fledgling market for futures contracts based on container freight rates cleared its initial hurdles but faces a big obstacle: skeptical ocean carriers.

Mediterranean Shipping Co. said it will increase freight rates on its services between North America and Europe and the Mediterranean as of Oct. 1.

A.P. Moller-Maersk appointed Henrik Lund as head of the group’s investor relations function. He replaces Anders Mohr Christensen.

Mediterranean Shipping Co. switched calls by two of its trans-Atlantic services, USA 1 and 2, back to Maher Terminal from the Port Newark Container Terminal as of Sept. 1.

French ocean carrier CMA CGM swung to a first half net profit of $864 million from a year earlier loss of $518 million on higher traffic volume and freight rates combined with lower costs.

Spot rates on key container shipping routes are weakening as growth in volume is outstripped by a 19 percent year-to-date increase in vessel capacity.

The British retailer Argos filed suit in the UK against A.P. Moller-Maersk for $13.9 million, claiming breach of contract in rate increases and services.

Hapag-Lloyd announced the hiring of Jesper Praestensgaard as its new chief commercial officer on Tuesday.

The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressure on ocean freight rates, according to a leading industry analyst.

NYK said Monday it will increase freight rates on containers moving in both directions on its trans-Atlantic services as of Oct. 1.

OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia.

The largest container ship ever to call the Port of Savannah arrived Friday.

Maersk Line on Friday said it resumed bookings of all cargo for direct loading via the Port of Jawaharlal Nehru (Nhava Sheva), India's busiest container gateway.

Maersk Line said it will go ahead with a previously announced general rate increase on all container cargoes shipped across the North Atlantic in the fourth quarter.

The European Union opened an anti-trust investigation of marine insurance agreements among shipowners to check whether they are blocking rivals from the market.

Norway's Green Reefers, a leading carrier of palletized refrigerated cargo, blamed low spot rates, Russia's six month ban on U.S.

Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebou

Container shipping lines have rebounded from a disastrous 2009, but their fortunes will “change quite dramatically” later this year as vessel capacity continues to rise, warns a new report

Cosco and China Shipping Container Line, which operate China’s two largest container carriers, have joined the parade of ship lines that have returned to profitability after losses in 2009.

German ocean container carrier Hapag-Lloyd will mull plans to issue a $630 million corporate bond and extend existing credit lines at a meeting of its supervisory board on Thursday, according to Finan

CMA CGM is negotiating with a Lebanese group about investing in the French ocean container carrier, according to French press reports.

Ocean carriers that were trying to delay deliveries of ships a year ago are now pushing shipyards to bring forward construction dates as confidence returns to container shipping, according to a leadin

Direct ChassisLink, which Maersk set up last year as neutral provider of chassis to truckers, said it will extend service to California and other southwestern U.S.

China Shipping Container Lines, Hanjin Shipping, CMA CGM and Hyundai Merchant Marine will launch a direct joint service from Asia to Mexico and the West Coast of South America, starting on Sept.13.

Container ship charter rates are still climbing through the summer as ocean carriers compete for increasingly scarce tonnage to keep pace with surging cargo volume on key routes from Asia to North Ame

Germany's HSH Nordbank, the world's largest shipping bank, reported its first quarterly operating profit for almost two years and reaffirmed its goal of booking an annual profit in 2011.

Japanese export ship orders increased 21.7 percent in July from a year earlier to 1,157,150 gross tons, according to figures released Thursday by the Japan Ship Exporters' Association.

Local Indian government and port authorities served a joint notice to Mediterranean Shipping Co.

A.P Moller-Maersk stormed back into the black with a $2.52 billion profit in the first half of 2010 and raised its full-year earnings forecast for the second time in two months on surging ocean contai

The Containership Company will add the Port of Ningbo to its trans-Pacific service from China to Los Angeles, effective Sept. 10.