Container lines

Danmar Lines, DHL Global Forwarding's in-house carrier, launched two direct less-than-container-load services from Shenzhen, China, to Europe.

More than halfway into a year that’s been a seller’s market for freight transportation of all kinds, the surge in ocean container rates may be losing steam.

Net profit for the state-owned Shipping Corporation of India surged 60 percent from a year earlier to $41 million in the first quarter of fiscal 2010-11 ending June 30.

The prospects of renewed southbound services, direct links with Asia and new intermodal connections excite the U.S. Gulf’s major container ports.

The last steam-powered vessel in Rand Logistics’ Great Lakes fleet will be converted to diesel power next year, the bulk freight shipping company said.

Higher rates and a surge in volume from China produced a 75 percent increase in Matson Navigation second-quarter operating profit,

Finnlines, the Finnish short sea shipping line, reported sharply higher second-quarter earnings and revenue, driven by a recovery in North Sea and Baltic roll on-roll off traffic.

French ocean carrier CMA CGM is reported to be negotiating the sale of a 30 percent stake to a billionaire Belgian financier and a French government investment fund for $650 million.

Matson Navigation will add a second string of vessels to its China-Long Beach service, bringing new capacity to resurgent trans-Pacific trade lanes.

Maersk Line advised its customers that it will impose a surcharge on heavy-weight cargo in 20-foot containers bound from Europe, the Middle East and India to Australia and all destinations in the Pac

Direct ChassisLink, the company set up by Maersk Line to manage its chassis fleet and charge truckers a daily fee for their use, will expand its chassis program to the Southeast and Gulf inland region

Japanese carriers NYK, MOL and "K" Line reported profits in their April-June quarter as rising volumes and rates pushed their container operations into the black.

Norway’s Green Reefers said it will join the recently established Hamburg Reefer Pool on Aug. 1.

Maersk Line will seek a general freight rate increase on cargo moving on its services from the Indian subcontinent and the Middle East to South America West Coast and Central America (excluding Cuba).

The Port of Le Havre plans to build a new multimodal terminal that will act as a transfer platform for the transshipment of containers and trailers between rail and barge.

Startup ocean carrier Hainan P O Shipping is asking the Federal Maritime Commission to grant the same exemption to the Controlled Carrier Act that the FMC gave to three other Chinese carriers in 2004.

Sea Star Line is the third carrier to agree to a multimillion-dollar settlement of a class-action civil antitrust lawsuit alleging price-fixing in the U.S. mainland-Puerto Rico trade.

Greek and Chinese ship-owners are the most active buyers of second-hand container vessels as the crisis in container shipping attracts non-traditional operators to the sector, according to Alphaliner,

Maersk Line expects to return the Charlotte Maersk to service in August after repairs are made to the container ship that caught fire this month in the waters near Malaysia, the carrier said.

Containerized imports at the Port of Seattle exploded last month, increasing 93.3 percent compared to June of 2009.

CMA CGM said it took delivery of the CMA CGM Leo, the fifth in a series of 12 vessels that will be delivered between 2010 and 2011.

Shipowner Diana Shipping said Tuesday its recently established container ship unit, Diana Containerships, chartered out its first two box vessels.

DP World said it handled 23.7 million 20-foot equivalent container units at its 50 operating terminals in the first half of 2010, an increase of 16 percent on the same period last year and ahead of th

Belgian billionaire financier Albert Frere is in negotiations with CMA CGM to acquire a stake in the heavily indebted French ocean container carrier, according to media reports.

Orient Overseas Container Line, adding to a growing list of surcharges to compensate for port congestion in the Indian sub-continent, said Monday it will apply port congestion surcharges on shipments

APL retrofitted five of its container ships for cold-ironing, which allows them to turn off their diesel generators at berth and connect instead to shoreside power that produces fewer emissions.

Cosco Container Lines said it will impose a congestion surcharge on cargo moving through India’s Port of Nhava Sheva (Jawaharlal Nehru).

Fesco, owner of Russia’s biggest ocean container carrier, sold its 50 percent stake in National Container Company, a container terminal operator, to an unnamed investor for a reported $900 milli

Only 2 percent of the world’s container ships are idle, compared with 11.6 percent at the start of the year, Alphaliner reports in its weekly newsletter.

The Port of Montreal, shut down since Monday morning by an employer lockout of longshoremen, will reopen for work at 8 a.m. Saturday following a compromise agreement reached Thursday evening.

Horizon Lines reported second-quarter net income of $3.7 million, but CEO Chuck Raymond said business “continued to be impacted by the slow, uneven global economic recovery.”

The World Shipping Council met with U.S.-based shipper and forwarder trade associations Thursday to explain the European Union’s new customs cargo security filing requirements, which are schedul

Shippers and ocean carriers in the trades to and from the Indian subcontinent are bracing for difficult times as congestion cripples operations at some of the busiest container ports in the region.

CMA CGM is seeking to put together a new investor group by a July 26 court deadline, according to Bloomberg News, which cited unidentified sources with direct knowledge of the matter.

APL initiated a peak-season service to the Port of Seattle. The P1A service with ships of 2,300-TEU capacity will call in Seattle every other Thursday through October.

The CMA CGM Rabelais on Thursday completed its inaugural call at the Port of Seattle, setting a record at the terminal with more than 4,300 container moves.

Carrier and labor officials were in talks Thursday aimed at ending a lockout of longshore workers at the Port of Montreal and re-opening the port.

CMA CGM took delivery Thursday in South Korea of the CMA CGM Amerigo Vespucci, the second of a series of eight large container ships named after the great explorers.

Orient Overseas Container Line will increase its freight rates on shipments from Asia to New Zealand by $250 per TEU, effective Aug. 15.